At a recent economic meeting in Chengdu, officials announced that the western city's GDP surpassed the 1 trillion yuan ($161.1 billion) benchmark for the first time last year.
Increasing nonperforming loans, rise of Internet finance among major challenges for sector this year JIANG XUEQING
Regulators are expected to further cut interest rates and reserve requirement ratios, ease the rules on loan-to-deposit ratios and continue opening up the financial sector by giving a green light to the establishment of more private banks this year. Here are some policy changes that economists and banking analysts are widely expecting:
IT companies must identify niches, focus on shifting consumer tastes
It was announced recently that the world-famous auto brand Daimler with its Car2go car-sharing service brand plans to launch its first operation in Asia later this year.
The National Development and Reform Commission last week announced detailed plans for its first pilot plan for electricity transmission and distribution tariff reforms in Shenzhen, a move seen as a breakthrough for the world's largest electricity consume.
Draghi attempts to craft cross-border consensus needed for full-blown QE
Gray skies over a half-empty Eiffel Tower.
The $400 million of cumulative losses that Citigroup Inc, Deutsche Bank AG and Barclays Plc are said to have suffered from the Swiss central bank's decision to end the cap on the franc may be followed by others in coming days.
One of the world's richest men, Oracle co-founder Larry Ellison, is using some of his wealth to establish a wildlife breeding and rehabilitation center in Northern California that will focus on helping endangered insects, reptiles and amphibians thrive.
Growth in fellow BRICS members and the new MINT bloc pale in comparison to that of China
With President Xi Jinping's arrival to power, many international investors are excited about the prospect of economic rebalancing. They were impressed by Xi's open recognition that China's State-led stimulus plan of 2008 was like an adrenalin shock. It was necessary to rejuvenate the patient, but it had severe negative side effects: overcapacity in many sectors; an excessive real estate boom; environmental degradation; increased inequality; a worrying rise in local government and corporate debt, and an emerging shadow banking system.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
