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China / Economy

China's farm produce prices rise slightly

[2013-12-17 19:48]

Farm produce prices in 36 major Chinese cities rose slightly in the week ending December 15 compared with the previous week, showed a Ministry of Commerce statement on Tuesday.

Guangdong launches information portal

[2013-12-17 19:43]

A portal on public information for the logistics industry was launched in Guangdong province on Tuesday and is expected to raise the efficiency of logistics operations by 20 percent.

China's power use rises 7.5% in Jan - Nov

[2013-12-17 19:40]

China's electricity consumption grew 7.5 percent year on year to 4.83 trillion kilowatt hours (kwh) between January and November, according to the China Electricity Council (CEC).

China contains local government debt

[2013-12-17 05:08]

Chinese leaders have made cleaning up government debt a crucial task for next year, threatening to tighten fiscal discipline to defend financial stability.

Shoppers dropping department stores

[2013-12-17 03:18]

Department stores in China's big cities likely will face increasing pressure to be profitable in 2014 due to mounting consumer preference for other retail formats, rising rents and a shifting of growth to lower-tier cities.

IPOs 'set for record year' in 2014

[2013-12-17 03:18]

Next year will see record figures for Chinese IPO due to the resumption of IPOs on the Chinese mainland and strong Hong Kong momentum.

China's growth to help markets next year: Survey

[2013-12-17 03:00]

A majority of global investment professionals have strong confidence that China's stable economic progress in 2014 will be a positive force for global growth, According to the 2014 Global Market Sentiment Survey conducted by the CFA Institute.

Catering guilds object to removal of pricing rules

[2013-12-16 23:53]

Restaurant owners and customers in China are witnessing a seesaw battle between catering industry guilds and commerce authorities over "unfair requirements".

South Korean bank sets sights on Xi'an zone

[2013-12-16 20:49]

Hana Bank (China), the third-largest bank in South Korea, has signed an investment agreement with the high-tech development zone in Xi'an, capital of Shaanxi province, showing its desire to develop further in China.

Ruble move reflects China's yuan strategy

[2013-12-16 20:43]

Allowing foreign currencies to be freely traded with the home currency is common in many countries. But giving a foreign currency the same status as the home unit is not, and China has acted differently.

Seal of approval for new IPO rules

[2013-12-16 20:40]

In late November, China decided to resume initial public offerings in January after a freeze of more than a year. Along with the decision was a new set of rules governing the issuance of IPOs.

Samsung to kick off $7b chip project in Xi'an

[2013-12-16 19:56]

Samsung's $7 billion chip manufacturing project in Xi'an, capital of Shaanxi province, is proceeding smoothly with the installation and commissioning of manufacturer equipment starting in December, China Daily learned recently.

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