China / Economy

China to raise natural gas supply

[2014-04-23 16:29]

China will raise its natural gas supply to as much as 420 billion cubic meters per year by 2020 amid rising demand due to urbanization, a government statement said on Wednesday.

China's new energy car sales to double

[2014-04-23 03:51]

The number of new energy cars sold in China this year may hit 35,000, twice as many as were sold in 2013, as the government promotes use of greener vehicles, according to a new official forecast.

Li promotes wider market access

[2014-04-23 02:07]

China offers a huge market and business opportunities to global investors during its continuous efforts to widen market access and deepen opening-up, Premier Li Keqiang said on Tuesday.

Abbott closing one plant to open another

[2014-04-22 23:28]

Health care and medical research company Abbott China is closing its nutritional products manufacturing plant in Guangzhou and is expected to launch a new factory in Jiaxing of Zhejiang in the second half of this year.

Cinema chain Wanda files to go public

[2014-04-22 23:28]

China's largest cinema chain Wanda Cinema Line Corp's prospectus was published on the official website of China Securities Regulatory Commission late on Monday, showing that it planned to issue up to 60 million shares and raise 2 billion yuan.

Central bank cuts reserve ratio for rural lenders

[2014-04-22 22:05]

The People's Bank of China on Tuesday announced a 2 percentage points cut in the reserve requirement ratio of rural lenders, as it strengthens financial support for the agricultural sector.

Law firms, courts boost IP protection

[2014-04-22 21:29]

With Chinese companies facing growing numbers of lawsuits over intellectual property, legal support and consulting services have gained a higher profile.

China's Q1 tax revenue up 9.9 pct

[2014-04-22 20:50]

China collected 2.6 trillion yuan (422.1 billion U.S. dollars) in taxes in the first quarter of 2014, up 9.9 percent year on year, an official said on Tuesday.

Top Chinese banks' asset quality declining: PwC

[2014-04-22 20:49]

The asset quality of China's top 10 listed banks has clearly declined, according to a report released by PricewaterhouseCoopers (PwC) on Tuesday.

Investors conquer difficulties in African market

[2014-04-22 18:48]

Chinese investors are conquering more difficulties in the diversified and competitive African market, as the continent paves the way for many Chinese companies' to go global.

China moves to innovate rural financing

[2014-04-22 18:42]

China is targeting venture capital (VC) and private equity (PE) funds to boost financial support for rural areas as part of its efforts to shore up the rural economy, according to a government document published on Tuesday.

China boasts 8,000 micro-credit firms

[2014-04-22 18:41]

China's central bank said on Tuesday the number of the nation's micro-credit companies reached 8,127 as of the end of the first quarter this year, with their total outstanding loans standing at 844.4 billion yuan (137.06 billion U.S. dollars).

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