China

China’s Forex Reserves Grow for 10th Straight Month to USD3.12 Trillion

China’s Forex Reserves Grow for 10th Straight Month to USD3.12 Trillion

China’s foreign exchange reserves had risen to 0.3 percent to USD3.12 trillion at the end of last month, marking 10…

Dec 8, 2017
Liao Shumin
China, Canada Make Progress on Signing Free Trade Agreement

China, Canada Make Progress on Signing Free Trade Agreement

China and Canada held friendly and in-depth talks on signing a bilateral free trade agreement during Canadian prime minister Justin…

Dec 7, 2017
Liao Shumin
Starbucks Reserve Roastery Offers Shanghai’s Coffee Fans Immersive Experience

Starbucks Reserve Roastery Offers Shanghai’s Coffee Fans Immersive Experience

Cafe chain operator Starbucks Corp. [NASDAQ:SBUX] has opened a fully immersive coffee experience store in Shanghai.

Dec 7, 2017
Xu Wei
South Korea’s President Moon Jae-in to Visit China in Mid-December

South Korea’s President Moon Jae-in to Visit China in Mid-December

South Korea’s President Moon Jae-in will pay a state visit to China between Dec. 13 and Dec. 16 at the…

Dec 6, 2017
Liao Shumin
China’s Trade Hits Inflection Point This Year, Vice Finance Minister Says

China’s Trade Hits Inflection Point This Year, Vice Finance Minister Says

China’s global trade reached a turning point this year, said Zhu Guangyao, the country’s vice minister of finance.

Dec 5, 2017
Liao Shumin
China Cannot Ignore Spillover Effect of Tax Reform in US, Vice-Minister of Finance Says

China Cannot Ignore Spillover Effect of Tax Reform in US, Vice-Minister of Finance Says

China needs to pay close attention to how tax reform in the US affects competitiveness, labor productivity and workers’ wages,…

Dec 4, 2017
Liao Shumin
US Tax Reform Puts Pressure on China’s Enterprise Income Tax, Chinese Finance Expert Says

US Tax Reform Puts Pressure on China’s Enterprise Income Tax, Chinese Finance Expert Says

If the US Senate’s tax reform plan passes, the US will move ahead with reform faster than expected, the Paper…

Dec 4, 2017
Liao Shumin
China Should Merge Value-Added Tax Tiers, Ministry of Finance Expert Says

China Should Merge Value-Added Tax Tiers, Ministry of Finance Expert Says

China recently transitioned from an operating tax to a value-added tax, lowering taxes by more than USD150 billion (CNY1 trillion),…

Dec 4, 2017
Liao Shumin
China, Russia Plan to Further Ease Visa-Free Entry Rules for Tourist Groups

China, Russia Plan to Further Ease Visa-Free Entry Rules for Tourist Groups

China and Russia are considering relaxing the visa-free entry criteria and increasing the stay duration limits for tourist groups to…

Nov 28, 2017
Zhang Xia
What Does China’s Drop in Gold Imports Mean for its Economy?

What Does China’s Drop in Gold Imports Mean for its Economy?

A value shift in China’s economy brought on a wave of concerns among the global market. Reuters reported that China’s gold…

Nov 22, 2017
Brian Montgomery
Authorities Plan to Spend USD1 5 Billion on Made in China 2025 Initiative

Authorities Plan to Spend USD1 5 Billion on Made in China 2025 Initiative

Chinese authorities said they will earmark USD1.5 billion (CNY10 billion) in a special fund for the Made in China 2025 initiative.

Nov 20, 2017
Kevin McBride
China Is Building More Nuclear Reactors Than Any Other Country, National Energy Administration Says

China Is Building More Nuclear Reactors Than Any Other Country, National Energy Administration Says

China has 19 nuclear power reactors under construction, more than any other country, and they will have a combined installed…

Oct 31, 2017
Liao Shumin