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Macro Economy

China May Be High-Income Society by 2023, Ex-World Bank Chief Economist Says

China May Be High-Income Society by 2023, Ex-World Bank Chief Economist Says

China may join the ranks of high-income countries in five years if a series of economic assumptions remain valid, former…

Jan 15, 2018
Tang Shihua
Oil Tanker Sanchi Sinks Off East China Sea After Igniting, Forms 10-Sq Km Slick Zone Endangering Habitat

Oil Tanker Sanchi Sinks Off East China Sea After Igniting, Forms 10-Sq Km Slick Zone Endangering Habitat

The Panama-registered Iranian oil tanker Sanchi sunk off the East China Sea following a big explosion yesterday.

Jan 15, 2018
Liao Shumin
China’s Foreign Trade Volume Rose 14.2% in 2017, Ending Two-Year Decline

China’s Foreign Trade Volume Rose 14.2% in 2017, Ending Two-Year Decline

China’s Foreign Trade Volume Rose 14.2% in 2017, Ending Two-Year Decline. China’s foreign trade volume rose 14.2 percent annually to…

Jan 12, 2018
Tang Shihua
China Wuyi Wins USD77 Mln Construction Project in Ethiopia as Chinese Investment in Africa Surges

China Wuyi Wins USD77 Mln Construction Project in Ethiopia as Chinese Investment in Africa Surges

China Wuyi Co. [SHE:000797] will construct a complex building project in Addis Ababa, capital of Ethiopia, with a contract value…

Jan 12, 2018
Dou Shicong
Leaders of China and France Jointly Unveil World's First EPR Reactor Project

Leaders of China and France Jointly Unveil World's First EPR Reactor Project

French President Emmanuel Macron started his first state visit to China on Jan. 8. He and Chinese President Xi Jinping…

Jan 10, 2018
Lin Chunting
Free Trade Ports Are Not a New Version of Free Trade Areas, China’s Top Think Tank Says

Free Trade Ports Are Not a New Version of Free Trade Areas, China’s Top Think Tank Says

A report presented at China’s 19th National People’s Conference proposed the development of free trade ports to accelerate the economic opening up of the country.

Jan 10, 2018
William Clegg
China’s Deleveraging Campaign Has a Long Way to Go, Chief Economists Say

China’s Deleveraging Campaign Has a Long Way to Go, Chief Economists Say

Deleveraging is a marathon, not a sprint, and will continue in China for years to come, more than 30 chief economists told Yicai Global at the sixth annual China Chief Economist Forum in Shanghai.

Jan 9, 2018
Zhou Ailin
Zhejiang Plans to Build World’s Longest Cross-Sea Railway Bridge

Zhejiang Plans to Build World’s Longest Cross-Sea Railway Bridge

Eastern China’s Zhejiang province is planning to build the world’s longest cross-sea railway bridge, enabling a high-speed line to connect Ningbo and Shanghai.

Jan 9, 2018
Tang Shihua
French President Macron Makes First Visit to China With Trade Delegation

French President Macron Makes First Visit to China With Trade Delegation

French President Emmanuel Macron has arrived in China with a delegation of executives from more than 50 of the country’s…

Jan 8, 2018
Feng Difan
Yuan Exchange Rates to Stabilize as Short-Term Factors Subside, PBOC Advisor Says

Yuan Exchange Rates to Stabilize as Short-Term Factors Subside, PBOC Advisor Says

The yuan will likely remain stable this year as a number of short-term factors simmer down, Sheng Songcheng, advisor to…

Jan 8, 2018
Yicai Global
Successful Deleveraging Is No Mean Feat, Tianfeng Securities' Chief Economist Says

Successful Deleveraging Is No Mean Feat, Tianfeng Securities' Chief Economist Says

Financial deleveraging is like rendering lard and controlling monetary policy is like finessing the flame that melts it, Liu Yuhui,…

Jan 8, 2018
She Qingqi
Wuxi, Changsha Join Ranks of Chinese Cities With GDP Over CNY1 Trillion

Wuxi, Changsha Join Ranks of Chinese Cities With GDP Over CNY1 Trillion

The number of Chinese cities boasting economies worth more than CNY1 trillion (USD154 billion) has increased to 14 with the…

Jan 8, 2018
Xu Wei

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