Finance & Economy

IMF Says More Work Needed on Yuan Reserve-Currency Decision

The International Monetary Fund said the yuan trails its global counterparts in major benchmarks and that "significant work" in analyzing data is needed before deciding whether to grant the Chinese currency reserve status.

Thursday, August 6, 2015

China Eyes $2.5 Trillion trade with Belt and Road countries

Chinese President Xi Jinping on Sunday said he hoped foreign entrepreneurs would boost contact and cooperation with Chinese firms and initiatives for win-win results.

Tuesday, March 31, 2015

China to Achieve 7.2% GDP Growth in 2015

China's economy will grow 7.2 percent in 2015 and 7.0 percent in 2016, the Asian Development Bank (ADB) predicted in a report published on Mar 24th.

Wednesday, March 25, 2015

China Sees Bright Spots in Slowing Economy, Vice Premier Says

China's economy faces increased downward pressure this year but the slowdown is stabilizing, with employment and services among the bright spots, Vice Premier Zhang Gaoli said on Mar 22, 2015.

Monday, March 23, 2015

China's February Exports Surge while Imports Dip

Exports surged 48.9 percent in February from a year earlier, reversing the 3.2-percent decline in January. However, imports plunged by 20.1 percent, accelerating from the previous month's 19.7-percent fall, according to data from the General Administration of ...

Monday, March 9, 2015

Commerce Minister Confident of 6% Trade Growth

Commerce Minister Gao Hucheng said on Mar 7th that China is confident of managing 6.1 percent of trade growth this year, even though both international and domestic market demand remain soft.

Monday, March 9, 2015

China Central Govt Set to Take Over Tax Rebate Process

China's State Council said that the central government will assume responsibility for paying export tax rebates effective Jan 1, instead of local governments, in a statement on the official government website www.gov.cn on March 3rd.

Wednesday, March 4, 2015

South Korea and China Initial FTA

Korea and China have initialed their free trade agreement, the Ministry of Trade, Industry and Energy said on Feb 25th.

Friday, February 27, 2015
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