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2017年CRI China forex reserves rise for 6th month as economy improves
China's forex regulator says it's currently seeing the most balanced supply and demand for foreign exchange in China in the past 3-years. The State Administration of Foreign Exchange says this is mostly due to a crackdown on speculative or suspect ou
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2017年CRI Foreign companies optimistic on China's manufacturing upgrade
Surveys of foreign companies and organizations at a recent seminar on the Made in China 2025 strategy suggest most remain optimistic about China's economic prospects. As part of a seminar on transformation in the manufacturing sector, attendees have
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2017年CRI China plays a key role in promoting green finance globally: economists
China plays a key role in promoting green finance globally: economists An international seminar on green finance has been held in Beijing, with representatives highlighting China's key role in promoting green finance both domestically and globally. D
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2017年CRI BRICS to overtake G7 economically in some 2 decades' time: economist
The former commercial secretary of the UK Treasury has predicted that BRICS will overtake the G7 economically by around 2035 if China stays on track. Jim O'Neill, who coined the acronym BRIC in 2001, says he's made the prediction based on the sheer s
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2017年CRI Alibaba reportedly to build its own brick-and-mortar mall
Chinese e-commerce giant Alibaba is reportedly building its own brick-and-mortar mall in Hangzhou, where Alibaba's headquarters are located. The 5-story shopping center, called More Mall, is being built on a 40,000-sqaure-meter plot of land, and is s
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2017年CRI Chinese yuan weakens against USD after 11-day rise
The central parity rate of the Chinese currency weakened against the U.S. dollar two days in a row after a relaxation of controls on capital outflows, ending a record 11-day rise. China is pursuing a prudent and neutral monetary policy in 2017, apply
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2017年CRI China’s dockless Mobikes launched in London
Mobike, one of China's main bike-sharing companies, released a fleet of 750 dockless bikes in London on Tuesday, going head to head with its rival Ofo, which descended on the streets of the British capital only a week ago. London is Mobike's second U
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2017年CRI Glencore, Qatar sell 14% stake in Rosneft to Chinese energy firm
Glencore PLC and Qatar have agreed to sell the bulk of their nearly 20% stake in Russian oil giant PAO Rosneft to a Chinese energy company. The deal, worth about 9 billion U.S. dollars, gives China Energy Fund Committee (CEFC) a 14.2% stake in Rosnef
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2017年CRI JD.com to launch office-based automated food service concept
Chinese e-commerce giant JD.com is reportedly planning to launch an office-based automated food service concept targeting white-collar workers. The service, provided by the company's delivery business JD Daojia, would involve dedicated office areas w
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2017年CRI Home mortgage rates in China rise again
China has recently raised interest rates for home mortgages. In August, the average interest rate for first-home mortgages was 5.12%, up 2.47% month-on-month. It was the eighth consecutive monthly increase this year. Some banks have even halted home
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2017年CRI 8 Chinese cities step up housing tightening
8 big cities in China have rolled out further property tightening measures in the latest efforts to rein in housing price rises. Those second-tier cities have tightened housing controls since Friday, with most banning home sales within 2 to 3 years a
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2017年CRI Chinese-backed invest firm set to purchase UK chip designer
Chinese-backed investment firm Canyon Bridge is reportedly set to buy UK technology firm Imagination. This came months after the British chip designer put itself up for sale in June, after its largest customer Apple announced it'll stop using its pro
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2017年CRI 6 public fund companies get approval for FOF
6 public fund companies have been approved to conduct Fund of Funds (FOF) business in China. China Securities Regulatory Commission released the first batch of licensed public FOFs earlier in September. An FOF is an investment strategy of holding a p
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2017年CRI China's trade with countries along B&R grows fast: GAC
New data shows China's goods trade remains sound and steady in the first three quarters of 2017. The same set of data suggests the country's trade with countries along the Belt and Road has grown faster than average, contributing a large share to tha
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2017年CRI China remains top destination of foreign capital for 25 years
China remains top destination of foreign capital for 25 years The Chinese authorities say the country is attracting the most foreign investment among developing countries as it eases access for foreign capital. It's also reported that a growing numbe
