Stricter financial supervision needed before exchange rate flows freely

China's exchange rate system reform's aim is to eventally establish a free exchange system without government intervention, economists have said, while it is reasonable for the country to use short-term measures to stabilize the yuan's exchange rate given its immature financial market.

Expect a stronger yuan against the dollar as Chinese economy grows stable

The Chinese yuan traded at 6.8648 to a US dollar in intraday trading in the offshore market on Jan 5, up 900 basis points compared with its lowest mark set the previous day, which was its biggest one-day gain in almost a year.

AIIB narrows infrastructure financing gap

The Beijing-based Asian Infrastructure Investment Bank will focus on investments in projects that promote connectivity this year, said Jin Liqun, its president.

Landmark projects harvest

Chinese President Xi Jinping first proposed building the Silk Road Economic Belt and the 21st Century Maritime Silk Road in 2013. Looking back at 2016, we can see the bid to reinvigorate the ancient trade routes has gained some early achievements in promoting connectivity and new opportunities.

Cooperation helps tap new growth points

The Belt and Road Initiative will continue to serve as an effective momentum to boost revenue growth of both foreign and Chinese companies as infrastructure and industrial capacity exportation are accelerating in many countries, said business executives.

Presidents looking to lift Sino-Swiss trade deal

President Xi Jinping will send a strong signal against rising global protectionism when he joins his Swiss counterpart, Doris Leuthard, to announce a decision to scale up the nations' free trade agreement, a top envoy has said.

Xi visit to boost bilateral innovation ties

President Xi Jinping's visit to Switzerland this week is expected to deepen the countries' unique partnership, particularly in innovation, according to a senior Swiss diplomat.

Davos elite face cold reality of economic task

More than 2,500 political and business leaders are swarming into the small Alpine town of Davos, Switzerland - and it isn't for the skiing. They're looking for solutions.

What they say

China's participation at Davos is important, especially at a time when there are a lot of questions concerning climate change. It would be good to hear President Xi confirm China's commitments on emissions reduction agreed in Paris.... China can also explain its vision for the Belt and Road Initiative at Davos, another important economic driver for global growth. It would be good to see how Europe and China can work more on the initiative.

China's contribution to the global economy

Worker hopes for homecoming

Yang Jingxing and his wife Li Yawen started working for the Xi'an Railway Bureau as railway maintenance workers in 1980 and got married in 1985.

European products arrive for New Year

Trains from Europe are bringing fresh goods for Chinese people to put into their Lunar New Year shopping bags.