China / Economy

China's SOE profits rise 10%

[2013-11-20 19:18]

The profits of China's state-owned enterprises surged 10.1% in the first 10 months from the same period in 2012, said the Ministry of Finance.

Alipay set to launch new wealth-management product

[2013-11-20 19:12]

Alipay, China's leading online payment provider, will jointly launch a new wealth-management product with five Chinese fund companies in the coming months, according to media reports.

China to improve evaluation system to cut GDP obsession

[2013-11-20 19:05]

China will improve its evaluation system for measuring economic performance, putting greater emphasis on growth quality to cut local obsession with GDP data, according to the head of the country's top economic planner.

SAP sees China business up in the cloud

[2013-11-20 16:59]

China will become the biggest market for SAP AG in terms of new software sales by 2020, boosted by robust cloud and data-base demand, company executive said.

FTZ to get new administration office in Yangshan

[2013-11-20 16:38]

The administration committee of the China (Shanghai) Pilot Free Trade Zone will soon move from the Waigaoqiao free trade zone to the Yangshan free trade port area.

PBOC to let yuan float more freely

[2013-11-20 01:41]

China is poised to take yet another step in making the yuan a free-floating currency, according to central bank Governor Zhou Xiaochuan.

China's service trade up 13.4% Jan-Sept

[2013-11-19 22:16]

China's service trade grew 13.4 percent year on year in the first nine months of 2013 to reach $390.5 billion, official data showed on Tuesday.

China's reforms positive for local govts: Fitch

[2013-11-19 22:10]

The series of reforms announced over the weekend in China could begin to change the way the country's local and regional governments (LRGs) operate, said Fitch Ratings, a London-based credit rating company, on Tuesday.

Supervision urged for P2P lending as risks loom

[2013-11-19 22:08]

Chinese experts have called for better supervision of the booming online financing industry as bankrupt peer-to-peer (P2P) lending firms have put investors' money at risk.

China, EU to discuss creating investment agreement

[2013-11-19 22:00]

The top leaders of China and the European Union will discuss creating the first stand-alone investment agreement between the two sides.

China joins Australia in FTA willingness

[2013-11-19 21:17]

A Ministry of Commerce spokesman said on Tuesday that China is willing to complete negotiations with Australia on establishment of the China-Australia Free Trade Area soon.

Shanghai FTZ launches online shopping portal

[2013-11-19 21:04]

After more than a month of testing, the cross-border e-commerce platform of the China (Shanghai) Pilot Free Trade Zone started its dry run on Monday.

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