In a letter to shareholders published late Thursday, Jack Ma, executive chairman of Alibaba Group Holding Ltd., reassured investors of the group's growth prospects.
The volatility of the stock market in recent months has eclipsed a much more subtle transition that has geared China's economic growth toward consumption.
The volatility of the stock market in recent months has eclipsed a much more subtle transition that has geared China's economic growth toward consumption.
China's latest move to import more consumer goods will not only promote balanced trade, but also tap into the great potential of domestic demand as a source of sustainable growth.
China is confident the nation's "rice bowl" will be firmly held in its own hands, an industry report said on Monday.
The National Energy Administration (NEA) vowed on Wednesday to continue scaling back the coal industry in a drive to encourage use of renewable energy.
German central bank forecasts strong growth in 2015
China's energy use has entered medium-low growth as the economy heads toward a more sustainable model, the country's energy planner said Thursday.
China's finance and taxation authorities on Monday announced that consumption tax on oil products would be raised from Tuesday.
The eating habits of Slovaks have changed considerably over the past 20 years, with an average Slovak now eating half the amount of potatoes than in 1993.
Slightly higher power consumption in the first half of 2014 indicated China is still battling to arrest a slowing economy, analysts said.
China's power consumption slowed in the first two months of 2014 in a further sign of dampening in the world's second-largest economy, official data showed on Thursday.
Japan's economy continues to recover at a moderate pace ahead of the consumption tax hike from April, the Japanese government said Monday in its monthly economic report for March.
Average spending by Japanese households in 2013 rose 1.1 percent in real terms to 251,576 yen on a price adjusted basis, marking the second consecutive year of increase, the Internal Affairs and Communications Ministry said in a report Tuesday.
Experts say "human-centered" urbanization, a topic raised at a recently concluded conference of China's leaders, may help bring a breath of fresh air to the smog-smothered nation.
China needs less government intervention and should rely more on the invisible hand to boost consumption as the country moves away from an investment-led growth model, economists and business representatives proposed on Thursday.
China needs less government intervention and should rely more on the invisible hand to boost consumption as the country moves away from an investment-led growth model, economists and business representatives proposed on Thursday.
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