Editor's Note: The Government Work Report released on March 5 has charted a course for China's economic development for this year. By setting fairly robust growth targets, the country is set to be the locomotive pulling the world economy amid global economic headwinds. A number of pro-growth efforts have been unveiled to spur innovation and continue opening-up. The country has also released the Foreign Investment Law to better protect the rights of foreign businesses in China. China Daily polled senior executives from multinational corporations to understand their positioning, perception and predictions of the Chinese market.
Five premium automotive brands have cut the prices of their models sold in China after the nation announced that it will reduce the value-added tax by 3 percentage points in the manufacturing sector starting from April.
As leading global ratings agencies enter the Chinese financial sector with vigorous strides, local peers may feel pressure to maintain market shares. But the catchup strategy needs to begin with them getting their own house in order, according to analysts.
Steinway & Sons, the prestigious piano maker, expects its business in China to grow massively in the years to come as the Chinese market accounted for a fifth of its global sales last year, said the company's chief financial officer.
China Southern Power Grid plans to step up investment in smart grid construction in the Pearl River Delta region in the upcoming years, to continuously improve clean energy installation in the Guangdong-Hong Kong-Macao Greater Bay Area.
WASHINGTON - China's bond market, already the third largest in the world, has a particular role to play in the country's greater financial integration into the global economy, an International Monetary Fund (IMF) official has said.
Chinese companies, which provide most of the toys sold in the United States, are responding to industry demand to produce technologically advanced educational toys favored by parents.
It took nearly 20 hours on an airplane for Ma Huini to make it to her first New York toy fair.
The annual two sessions of China's top legislature and top political advisory body, which ended on Friday, once again focused attention on the direction of the real estate market, particularly the residential segment, a key economic concern.
Some Chinese homebuyers don't appear to be too sure if the new residential property measurement standard is for good or for worse.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
