China / Economy

L'Oreal reports strong growth in 2013

[2014-03-06 21:01]

L'Oreal China disclosed on Thursday that its sales totaled 132.8 billion yuan ($21.69 billion) in 2013, up 10.2 percent year-on-year, marking the 13th consecutive year of double-digit growth.

Shanghai bank buys HK asset management firm

[2014-03-06 20:45]

Shanghai Pudong Development Bank Co Ltd said on Wednesday night that it has signed agreement to acquire a Hong Kong-based asset management firm for HK$8.5 million ($1.10 million) from companies including AsiaVest Partners Ltd.

China expands easier customs policy

[2014-03-06 19:50]

Flexible cargo declaration rules allow qualified enterprises to declare goods to local customs where they were registered before port entry or departure.

China's reform in action, more changes await: US economist

[2014-03-06 19:33]

The early stages of China's reform have already been set in motion, and further reforms such as boosting consumer demand and wider opening up to foreign investment are to be hoped for, a leading US economist told Xinhua.

Xiaomi expects to exceed sales of $11b in 2014

[2014-03-06 14:53]

The sales revenue of Chinese smartphone maker Xiaomi Corp is expected to surpass 70 billion yuan ($11.44 billion) in 2014, thanks to booming Internet development, a senior manager of the company said.

Finance minister downplays GDP target

[2014-03-06 12:34]

China's Finance Minister Lou Jiwei on Thursday called for more comprehensive understanding on the country's growth target this year instead of merely fixating on the 7.5-percent figure.

Wall Street preps for more Chinese dotcom listings

[2014-03-06 02:12]

The price of shares in most US-listed Chinese Internet companies surged over the past week after quarterly reports beat investors' expectations.

China's GDP to top $10 trillion by 2014

[2014-03-06 00:34]

Based on China's newly announced economic growth target, the country's GDP is projected to top $10 trillion by 2014. But experts say that China should stress key reforms to improve quality of growth, rather than emphasizing GDP alone.

China Merchants Group, Maritime London join hands in shipping biz

[2014-03-05 22:06]

China Merchants Group and Maritime London have signed a memorandum of understanding on Wednesday in London to further strengthen cooperation of China and the UK’s shipping industries.

Adidas sales in China grow by 7%

[2014-03-05 20:36]

Sales for the adidas Group in China grew 7 percent in 2013, according to its annual financial results.

China will meet economic targets: minister

[2014-03-05 20:35]

China has the confidence, conditions and capability to meet its new growth targets for 2014, top economic planner Xu Shaoshi said Wednesday.

Spring Airlines to expand foreign routes

[2014-03-05 19:35]

Spring Airlines, China's first budget carrier, plans to speed up its overseas expansion by increasing the number of weekly international flights from 78 to 103 within the year, founder and chairman Wang Zhenghua said on Wednesday.

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