China still mainstay of global economy

China is still the mainstay of global growth and its economy is more than capable of achieving the annual growth target of around 7 percent despite the recent market swings, World Bank Group President Jim Yong Kim said on Friday.

External debt rises to $1.67t by March

Outstanding foreign debt rose to 10.28 trillion yuan ($1.67 trillion) by the end of March in China this year, with yuan-denominated debt accounting for 48.1 percent of the total, the country's forex regulator said on Friday.

More efforts to grow foreign trade

The government has announced a round of measures to boost its flagging trade growth, including the creation of a pilot zone for cross-border e-commerce in Hangzhou, Zhejiang province, streamlining the administration of export-tax rebates, and removing a variety of import and export charges.

Policy measures to yield results in H2, says NBS official

Economic indictors have gradually picked up and there are more signs the economy has started to stabilize, Wang Baoan, director of the National Bureau of Statistics, told People's Daily in an interview.

IN BRIEF (Page 6)

Bulls keep bears at bay on bourses

Equities recovered on Friday, alleviating investor concerns that trading of stock index futures on the contract expiration day could potentially cause sharp market volatility.

Fund managers wary of wild capital market fluctuations

The roller-coaster movement of China's stock indexes in the past weeks has raised eyebrows worldwide, including analysts and portfolio managers in Europe.

Li vouches for safety of investments

Hong Kong Exchanges & Clearing Ltd Chief Executive Officer Charles Li has called China the world's "safest" stock market, seeking to allay investor concerns over government intervention and surging volatility.

Slump has little impact on startups

Chinese startup companies are still confident of their future, despite the stock market slump, but said the flow of venture capital financing has tightened.

Stamp duty revenues hit a record high

Surging stock transaction volumes pushed up stamp duty revenue on stock trading in the first half of the year to an estimated record 138 billion yuan ($22.26 billion), the highest six-month figure on record and a rise of 545 percent year-on-year, according to data of financial information provider Shanghai Wind Information Co Ltd.

Security bills signal offensive change

With Japan's lower house of parliament giving the green light to two controversial security bills on Thursday, Japanese Prime Minister Shinzo Abe is one step closer to his ambition of reversing the nation's self-imposed ban on exercising the right to collective self-defense and militarizing its Self-Defense Forces.

Spirit of reform to live on

Wan Li, former chairman of the Standing Committee of the National People's Congress, the top legislature, died at the age of 99 on Wednesday, but his precious legacy will be remembered and carried forward forever by the Chinese people.