Macro Economy

Guangdong Earmarks USD528.9 Billion for Coastal Economic Belt Development

Guangdong Earmarks USD528.9 Billion for Coastal Economic Belt Development

South China’s Guangdong province will invest USD528.9 billion (CNY3.5 trillion) in ‘coastal economic belt’ development with the aim of transforming…

Dec 5, 2017
Dou Shicong
Shanghai, Shenzhen, Beijing Are Most Livable Cities in China, Says Chinese Academy of Social Sciences

Shanghai, Shenzhen, Beijing Are Most Livable Cities in China, Says Chinese Academy of Social Sciences

Shanghai, Shenzhen and Beijing are among the top three first-tier cities in China’s livable index, says Chinese Academy of Social…

Dec 4, 2017
Guo Jinhui
China Minsheng Investment Group Unveils Pension Fund in Shanghai

China Minsheng Investment Group Unveils Pension Fund in Shanghai

China Minsheng Investment Group (CMIG), the largest non-state investment group in China, set up a pension fund in Shanghai to…

Dec 4, 2017
Dou Shicong
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
US Formally Voices Opposition to China’s Market Economy Status

US Formally Voices Opposition to China’s Market Economy Status

The Trump Administration has formally voiced its opposition to China’s efforts to gain recognition as a market economy under global…

Dec 1, 2017
Xu Wei
There Is No Psychological Barrier for Amount of Forex Reserves, Says China’s Senior Central Bank Official

There Is No Psychological Barrier for Amount of Forex Reserves, Says China’s Senior Central Bank Official

There Is No Psychological Barrier for Amount of Forex Reserves, Says China’s Senior Central Bank Official. The gradual decline of…

Nov 29, 2017
Chen Juan
China Takes Top Spot in Global Dredging Industry With One Billion Cubic Meters of Sludge Dredged

China Takes Top Spot in Global Dredging Industry With One Billion Cubic Meters of Sludge Dredged

China dredges more than one billion cubic meters of sludge every year, outranking all other countries, states a report released…

Nov 29, 2017
Xu Wei
North Korea Tests Long-Range Ballistic Missile

North Korea Tests Long-Range Ballistic Missile

North Korea launched a long-range ballistic missile into waters east of the Korean peninsula from Pyongsong in South Pyongan province…

Nov 29, 2017
Xu Wei
Bosnia and Herzegovina Becomes Second European Country to Waive Visa Requirements for Chinese Citizens

Bosnia and Herzegovina Becomes Second European Country to Waive Visa Requirements for Chinese Citizens

China and Bosnia and Herzegovina signed a visa exemption agreement to waive visas for ordinary passport holders. Foreign ministers of…

Nov 28, 2017
Xu Wei
China and Central, Eastern Europe Set Up Interbank Consortium, Extend Investment Cooperation Fund

China and Central, Eastern Europe Set Up Interbank Consortium, Extend Investment Cooperation Fund

China and Central and Eastern Europe (CEE) today set up an interbank consortium with China Development Bank fronting EUR2 billion…

Nov 28, 2017
Dou Shicong
Tianjin to Invest in Rail Link With Chengde, Cut Travel Time Between The Two Cities to Just One Hour

Tianjin to Invest in Rail Link With Chengde, Cut Travel Time Between The Two Cities to Just One Hour

Tianjin, one of China’s largest cities, will invest in an intercity railroad to connect with Chengde city in northern Hebei…

Nov 27, 2017
Chen Juan
Greater Bay Area Will Cement Hong Kong’s Status as an International Logistics Hub, Senior Official Says

Greater Bay Area Will Cement Hong Kong’s Status as an International Logistics Hub, Senior Official Says

Construction of the Guangdong-Hong Kong-Macao Greater Bay Area will bring about tremendous opportunities and consolidate Hong Kong’s status as an…

Nov 27, 2017
Xu Wei

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