01/09/2025 02:38:50 pm
01/09/2025 02:38:50 pm
Marcel Woo | Apr 16, 2014 10:36 AM EDT
China's economy expanded by 7.4 percent in the first quarter (Q1) of this year, better than what economists expected, but remains the slowest in 18 months according to data released by the National Bureau of Statistics. read more
Arthur Dominic Villasanta | Apr 16, 2014 08:34 AM EDT
The People's Bank of China, the country's central bank, said China's broadest measure of new credit dropped 19 percent year-on-year to 2.07 trillion yuan in March while money supply grew at the slowest rate since 2001. read more
Arthur Dominic Villasanta | Apr 15, 2014 01:43 PM EDT
The Chinese Wind Energy Association reported that China added 16.1 giga watts of wind energy capacity in 2013, bringing the country's total installed wind energy capacity to 92.0 GW. China also accounted for 45 percent of the world's total additional wind energy capacity last year. read more
Arthur Dominic Villasanta | Apr 15, 2014 01:55 PM EDT
China's staggering $3 trillion local government debt has to be significantly reduced and quickly if China intends to safeguard economic growth; maintain financial stability and avert a crippling new financial crisis. read more
Arthur Dominic Villasanta | Apr 15, 2014 04:00 PM EDT
Beijing expands national complaint network, but will the government hear its citizens? An expanded national online system for "letters and calls" is expected to come online by the end of 2014. read more
Arthur Dominic Villasanta | Apr 14, 2014 12:00 PM EDT
Despite Sichuan's history of deadly earthquakes, China Petroleum & Chemical Corporation or Sinopec expects to extract 10 billion cubic meters of shale gas in China's first big shale gas field in Fuling, a district of Chongqing municipality in Sichuan, by 2017. read more
Arthur Dominic Villasanta | Apr 15, 2014 06:13 PM EDT
Vice Finance Minister Zhu Guangyao said China will not resort to massive stimulus spending such as it did in 2008 since it has the potential to keep its growth in the "proper range" this time around. read more
Arthur Dominic Villasanta | Apr 15, 2014 06:13 PM EDT
Sanpower Group Co., Ltd. said it has agreed to buy the iconic House of Fraser, the third largest group of traditional department stores in the United Kingdom that operates 60 stores throughout the country. Sanpower will acquire ownership through a subsidiary, Nanjing Cenbest. read more
Art Villasanta | Apr 14, 2014 10:11 AM EDT
Vice Finance Minister Zhu Guangyao said China will not resort to massive stimulus spending, similar to what it did in 2008, because it has the potential to keep its growth in the "proper range" this time around. read more
Marcel Woo | Apr 14, 2014 10:00 AM EDT
China's economic transformation from export-based to consumer spending-based will help sustain the country's impressive growth performance and could propel China as the world's largest economy by around 2020, experts said. read more
Arthur Dominic Villasanta | Apr 14, 2014 12:27 AM EDT
The central government's efforts to curb dangerous overcapacity in some industries such as shipping could lead to a drop in non-performing loans or NPLs this year, claims Yan Qingmin, a vice chairman of the China Banking Regulatory Commission (CBRC), the banking sector regulator. read more
Arthur Dominic Villasanta | Apr 15, 2014 11:51 AM EDT
Beijing claims it will soon establish a mechanism for Internet banking that ensures fair competition against established banks, especially against the Big Four state-owned banks that have been campaigning against Internet banking. read more
Marcel Woo | Apr 11, 2014 09:32 AM EDT
Foreign companies in China will be given equal treatment as that of domestic firms as Chinese. Premier Li Keqiang said the government will create a business environment that promotes fair and healthy competition. read more
Dean M. Bernardo | Apr 10, 2014 10:09 AM EDT
The China Railway Corporation (CRC) unveiled plans to lay out 7,000 kilometers of steel tracks for 2014 in a bid connect all its cities and production sites via high speed rail. read more
Due to the coronavirus, people around the world have canceled their travel plans. Governments and health officials have warned the public to avoid boarding cruise ships and long flights. read more
