The data released by the National Bureau of Statistics (NBS) on Sept. 28 showed that state-owned holding enterprises realized a total profit of 756.42 billion yuan for the first eight months of this year, down by 24.7 percent year on year. Meanwhile, profit growth rate of state-owned enterprises (SOEs) was lower than any other types of enterprises again, making the SOEs record negative growth. it also has certain impact on the economic growth goal of this year.
Maintaining investment: The Ministry of Finance (MOF) will release the second batch of Public-Private-Partnership (PPP) demonstration projects and accelerate the issuance of bonds with 1 trillion yuan for special construction and etc. The investment targets will include the construction of transportation and other infrastructure as well as new energy vehicles, broadband network and other emerging industries.
It is learnt by the Economic Information Daily that preliminary framework of the Outline of Planning on Development Strategy of Yangtze River Economic Zone (the Planning Outline) which is one of the three major economic strategies in China, has already been finished and is likely to be issued before the end of this year, or even before the release of ‘thirteenth five-year plan’. To this respect, insiders indicate that Yangtze River Economic Zone is a significant axis band crossing eastern, middle and western parts of China and connecting the northern and southern China, likely to be ‘China’s economic backbone’.
In the eyes of K. Wah Group Chairman Lui Che-woo, the Chinese mainland remains a sound investment destination as he believes its economy will resume fast growth despite a recent slowdown.
The following is the translation of an article by Zuo Xiying, a lecturer with the school of international studies of Renmin University, published by the overseas edition of the People's Daily on Monday.
Chinese President Xi Jinping is starting on Tuesday a four-day state visit to the United States, during which the first U.S. high-speed railway with Chinese investment is likely to be confirmed to start construction in September 2016.
More than 50 percent of Chinese and foreign respondents believed cooperation between China and the United States is "very important," according to a latest survey by Xinhua and Tencent News.
While China's new state-owned enterprise (SOE) reform guideline provides little detail and did not impress the market much, there are some positive messages that have been overlooked, according to a report released by UBS. China issued a guideline to deepen SOE reforms in mid-September.
The following is the translation of an article by Cui Tiankai, Chinese ambassador to the U.S., published on the overseas edition of the People's Daily on Monday. At the invitation of U.S. President Barack Obama, Chinese President Xi Jinping will pay a state visit to the United States.
With Chinese President Xi Jinping set to land here Tuesday for his first state visit to the United States, this Pacific Northwest metropolis of 3.6 million people is eager to play the role of the perfect host while also expecting some positive outcomes.
With closer China-ASEAN economic cooperation, Guangxi Zhuang Autonomous Region, the gate of China to the ASEAN countries and a border pilot zone for comprehensive financial reforms, has been in full swing to promote the cross-border use of Renminbi (RMB), and usher in a model for better advancing overall RMB internationalization and capital flow for China's "Belt and Road" initiative.
Chinese President Xi Jinping is leaving for the United States on Tuesday for his first state visit to the country from Sept. 22 to 25.
Chinese President Xi Jinping's state visit to the United States is very significant and timely, as it provides opportunity for the leaders of the two great powers to talk about very important issues, U.S. Congressman Rick Larsen told Xinhua in an interview.
South Korea should respond to the expected interest rate hike in the United States by devaluing its currency rather than cutting its policy rate further, a South Korean economic expert said Monday.
The economic cooperation between China and the United States is maintaining "irresistible" momentum, a BRICS (Brazil, Russia, India, China and South Africa) bank top official said.
"For Chile, China is a very important market as it absorbs between 47 and 50 percent of Chile's copper production," Chilean Minister of Mining Aurora Williams told Xinhua in a recent interview.
Former U.S. Treasury Secretary Henry Paulson said on Sunday the United States should support the success of economic reforms in China, which is critical to both countries and the global economy.
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