20 ministries and commissions strive for detailed schemes on Made in China 2025, 5 major projects to be implemented within this year. Detailed schemes on Made in China 2025 are being quickly formulated.
China is likely to restart its nuclear power program in inland areas in the next five years to meet power demands, according to several sources.
China's foreign trade in August dropped 9.7 percent year on year to 2.04 trillion yuan (320.8 billion U.S. dollars), a steeper decline than the 8.8-percent contraction in July, official data showed on Tuesday. Exports fell 6.1 percent year on year to 1.2 trillion yuan, compared with an 8.9-percent drop in July, while imports slumped 14.3 percent to 836.1 billion yuan, compared with July's decrease of 8.6 percent, according to the General Administration of Customs (GAC).
Recent financial volatility has cast a shadow on the Chinese economy, but people need to view the bright side if they want to have the full picture. Chinese officials never deny that the world's second largest economy is facing trouble, it is not easy to deliver an annual growth of around seven percent after three decades of rapid expansion. It is true that China's traditional competitiveness is fading amid rising labor costs and tougher measures to protect the environment, but some western analysts have overstated the case. They expect a hard landing or even a collapse of the Chinese economy, as the stock market rout and weaker yuan fuel such pessimism.
To raise or not to raise? That is a question for the U.S. Federal Reserve to ponder, but the uncertainty over a potential increase in interest rates has had negative spillover effects in the market.
After a roller coaster rush since July 2014, China's stock market has stabilized and risks have been released to some extent, the securities regulator said Sunday.
Interim reports of 16 A-shares listed Chinese banks posted slight profit growth, thanks to their overseas business offsetting the impact of the slowing-domestic economy.
The head of Australia's largest airline said its partnership with China Eastern would become its largest global partnership, once the China-Australia Free Trade Agreement is enacted.
As interim report disclosure is drawing to a close, editors reviewed the performance of the industries with traditional big-cap stocks, finding that the securities, insurance and electricity industries presented satisfying result in the first half of this year; while the banking, coal and oil industries declined significantly.
Experts say that China's economy will continue to grow at rates above global averages in the near future, despite market fears sparked this week by the yuan's dip and economic policy adjustments.
The 16th meeting of the 12th secession of the Standing Committee of the National People’s Congress held on Aug. 29 passed the resolution on the Proposal on Quota of Local Government Debt in 2015 for Deliberation and Approval of the State Council.
In the two-day’s Asian Financial Forum (AFF) in Hong Kong, business leaders and experts from China and overseas gathered on Tuesday to discuss the trends and strategies of Chinese enterprises overseas investment and financing, sharing insights and experiences to promote outward investment and to seek the opportunities and prospects for Chinese enterprises to invest in Hong Kong or through Hong Kong to go global.
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