China's central bank on Thursday unveiled a technical guideline for foreign investors' yuan-denominated activities in the mainland's equity markets, moving a step closer in opening its capital markets and promoting the yuan's overseas use.
China's state-owned enterprises (SOEs) lost their position as the most profitable sector and became the country's biggest losers last year, according to the annual results listed companies reported for 2012.
A year after China widened the daily trading limit of its currency, the yuan, experts are arguing whether it is time to further enlarge the band to make the exchange rate more market oriented.
China's largest oil refiner Sinopec saw net profits return to strong growth in the first quarter of 2013, while the country's top oil and gas producer PetroChina reported a decline in profits, company statements showed Thursday.
Even though the fast spread of avian influenza has so far only hit Shanghai, Beijing and the provinces of Jiangsu, Zhejiang, Anhui and Henan, the ensuing fear has reached nationwide. The outbreak since earlier this month has given China's poultry industry its hardest hit in a decade.
China's fiscal revenue growth continued to slow in the first quarter, mainly as a result of the country's tempered economic expansion, structural tax reforms and sluggish import growth, the Ministry of Finance (MOF) said Monday.
Once an aquafarm close to bankruptcy, Haiwan Farm has been revitalized a decade later thanks to its successful transition to an agritourism base for urban residents.
Premier Wen Jiabao delivered a government work report at the opening session of 12th National People's Congress (NPC), highlighting his government's past achievements and future work ahead.
China will raise the retail prices of gasoline by 300 yuan (47.8 U.S. dollars) per tonne and diesel by 290 yuan per tonne starting from Monday, the country's top economic planner said Sunday.
Regulators have hit Moutai and Wuliangye, two of China's liquor giants, with record penalties of 449 million yuan (71.9 million U.S. dollars) for price fixing, a punishment hailed by Chinese netizens.
Shanghai is now offering financial subsidies for purchases of BEVs on top of central and local government funding, helping car buyers to save more than 100,000 yuan each.
The Chinese yuan will not see any sharp rises in 2013 due to the country's dwindling trade surplus but small gains with more two-way fluctuations will further stabilize the economy, analysts predicted.
Analysts predict the Chinese yuan will not see any sharp rises in 2013 due to the country's dwindling trade surplus.
China's film industry earned about 16.8 billion yuan(2.69 billion U.S. dollars) in the box office in 2012, with domestic movies contributing less than half of the revenue, the Chongqing Economic Times reported on Thursday.
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