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Biz Statistics

China revises calendar for economic data releases

China's National Bureau of Statistics is bringing forward its release of a slew of monthly economic data including inflation, factory output and retail sales to the 9th of each month, the agency said in a statement on Thursday.

China foreign debt at $586b at end-March

China's outstanding foreign debt stood at $586 billion at the end of the first quarter, the country's foreign exchange regulator said in a statement on Thursday.

InfoGraphic
Interestrates rise once again

The central bank announced on Wednesday that it will increase interest rates, for the third time this year, by 25 basis points. The new rates take effect on Thursday.Timeline of monetary moves since 2010
China's inflation expected to stabilize in H2

Services offset dip in manufacturing

A robust expansion of China's services industries has offset weaker growth in the manufacturing sector to further stabilize economic growth momentum in November.

Cybersecurity threat could cause damage 'beyond imagination'

Cybersecurity remains a major problem for China as electronic attacks are frequent worldwide and with no end in sight.

Experts urge tighter scrutiny of cross-border capital flows

The country should strengthen scrutiny of cross-border capital flows and increase the flexibility of its monetary policy.

Market economy status 'must not be denied'

China's market economy status in the World Trade Organization must not be denied by any countries or regions.

Macro

Expert sees import boom coming

A boom in imports from countries and regions related to the Belt and Road Initiative is expected in China this year, and the country's investment in these destinations will likely grow, a former vice-minister of commerce said.

Li to let world in on jobs barometer

Sporadic revelations made by the government about the broader unemployment gauge, which surveys 31 cities, show about 1 percentage point divergence from the official rate this year.

Finance Markets Banking Personal Finance

Internationalization of Chinese yuan to boost Kenya's economy

The internationalization of the Chinese yuan will help boost Kenya's economy due to the close Sino-Kenya commercial and trade ties, the bankers lobby said on Tuesday.

Consolidation's the 'A' game

The Chinese stock market will likely continue to experience muted trading this week/month as investors have adopted a wait-and-see attitude and are awaiting further policy clarification from the government.

Energy

UK expert: China's nuclear know-how can be exported

The Chinese nuclear industry is developing rapidly and the experience it is gaining provides Chinese companies opportunities to invest in the United Kingdom, a UK expert said.

China approves plan for energy 'golden zone'

The central government has approved plans for an energy industry "golden zone" linking Shaanxi province and the autonomous regions of Ningxia Hui and Inner Mongolia in northwestern China, said an autonomous region official on Wednesday.

Technology

Lenovo's gaming console launch raises questions

Lenovo's launch of a video game console in China this year could throw into question the country's decade-old ban on the devices and might eventually open the $5.8 billion Chinese gaming market to Sony Corp and Microsoft Corp.

Tencent to buy 16% of Kingsoft for $115m to expand

Tencent Holdings Ltd, China's biggest Internet company, agreed to buy a 15.7 percent stake in Kingsoft Corp for HK$892 million ($115 million) to expand in computer-security services.

Companies Domestic Foreign JV

CRRC eyes high-speed new maglev

CRRC will start researching and developing a magnetic levitation or maglev train that can reach 600 km per hour-the fastest train of its kind currently in service.

Huaneng to spend $1.6b to reduce emissions

China Huaneng Group Corp, the biggest power generation company in the country, said it will invest about 10 billion yuan ($1.61 billion) this year to upgrade emissions-control equipment.

Green China

Govt, NGOs, auto sector join hands to tackle pollution

Organizations in China have come together to help reduce the country's air pollution by effectively implementing emission control policies for trucks, buses and other heavy-duty vehicles.

Change for the better in polluted Hebei

North China's most polluted province Hebei claims to have abandoned obsession with mere growth, and to be focused on quality, technology upgrades and clean industry.

Cars

VW's two southern plants approved by NDRC

German carmaker Volkswagen recently announced that its two new plants have been approved by the National Development and Reform Commission, the country's top economic planner.

Daimler in 'attack mode' on premium compact cars

Optimistic about the future of China's auto market, especially the premium compact segment, Daimler AG and its car unit Mercedes-Benz are pushing the accelerator for local R&D and production in the country.

View

Year of reform and hope

President Xi said in his New Year address that greater strides will be made on reforms in 2014, and people have much to expect of the materialization of the specific reform plans and their benefits.

Major Markets
Name Value Change Time
Shanghai 2,794.27 -0.58% Thur
Shenzhen 12,392.93 -0.26% Thur
HSI 22,530.18 +0.06% Thur
NIKKEI 10,071.14 -0.11% Thur
Dow 12,719.49 +0.74% Thur
Nasdaq 2,872.66 +1.36% Thur