China's e-commerce market - specifically Alibaba's online shopping site, Taobao - isn't on Rob Wray's radar right now, but he says it might be in two years.
US small and medium-sized enterprises face considerably less risk entering the Chinese market through e-commerce than opening a brick-and-mortar store, according to industry experts.
State Grid Corp of China, the largest State-owned electric utility company in the world, has inked agreements with Russia and Kazakhstan for cross-country electricity transmission lines as part of its efforts to expand its overseas presence.
China will auction an initial 1 million metric tons of cotton from its bulging State stockpiles over the next two months and will also consider purchasing when the harvest starts later this year, the country's top economic planner said on Tuesday.
Mothers want what is the best for their children. Now, with the help of e-commerce platforms, Chinese mothers can buy imported infant products hand-chosen by the daughter of a former Australian prime minister.
The gap between higher-and lower-end consumers in China is widening, according to a Boston Consulting Group report.
The China Center for International Economic Exchanges is playing an increasingly important role in shaping the country's development policies by turning many of its research projects into workable economic policies, says the center's Vice-Chairman Zhang Xiaoqiang.
Shi Yaobin, China's deputy minister of finance, held a media briefing on the AIIB. Here are some highlights.
1. China retains veto power over major decisions made by the AIIB (as the largest shareholder with about 30 percent share, and about 26.16 percent of total voting rights). But China will not seek permanent veto power in future.
I congratulate all founding members of the Asian Infrastructure Investment Bank on the establishment of the new development institution. More funding for infrastructure will help the poor, and we are pleased to be working with China and others to help the AIIB hit the ground running. We view the AIIB as an important new partner that shares a common goal: ending extreme poverty. With strong environmental, labor and procurement standards, the AIIB will join us and other development banks in addressing the huge infrastructure needs that are critical to ending poverty, reducing inequalities and boosting shared prosperity.
The creation of a strategic emerging industries board on the Shanghai Stock Exchange, which is intended to bring back overseas-listed Chinese high-growth and innovative companies, will have to wait for the revision of the Securities Law, said an expert on stock financing.
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