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China's Economy Will not Experience 'Hard Landing', Says top Economic Planner

Mar 07, 2016 08:11 AM EST

China's top economic planner on Sunday voiced assurance that the country's economy is not heading for hard landing or tough times. However, he admitted that uncertainty in the global economy poses a huge challenge to the country's economic pursuits.

China Slashes Growth Target Amid Economic Slowdown

Girish Shetti |

Mar 05, 2016 02:15 AM EST

In a definitive sign that the world's second largest economy is slowing down, China has slashed its growth target for 2016 to between 6.5 and 7 percent - down from 7 percent.

Moody's Downgrades China’s Economic Outlook to Negative

Girish Shetti |

Mar 02, 2016 06:41 PM EST

US ratings agency Moody's has downgraded its economic outlook for China from 'stable'" to 'negative', highlighting that Beijing's struggle to turn the tides on its recent economic slowdown may be a long one.

China's Factory Activity in February Contracts at Fastest Rate in Four Years

Girish Shetti |

Mar 01, 2016 07:33 AM EST

China's official Purchasing Managers' Index (PMI), which tracks activities in state owned and large factories, shrank to 49.0 in February, data from the National Bureau of Statistics (NBS) revealed.

China’s Central Bank Shrugs off Concern Over Falling Forex Reserves

Girish Shetti |

Feb 29, 2016 12:58 PM EST

Yi Gang, the vice-governor of China's central bank, on Sunday shrugged off concerns about the possibility of an extended fall in China's foreign exchange reserves and reasserted her confidence in the strength of the Yuan.

China's Central Bank Chief Says no More Devaluation of Yuan

Girish Shetti |

Feb 27, 2016 12:05 PM EST

Speaking at a G20 meeting of Central Bank Governors and Finance Ministers in Shanghai, China's Central Bank Chief Zhou Xiaochuan clarified that China would not stage another devaluation of the Yuan, adding that the Central Bank still has enough room and tools in its monetary policy to cope with potential downslide.

China’s Forex Reserve Plunges to 3 Year Low, Shrinks to US$3.23 Trillion

Girish Shetti |

Feb 08, 2016 06:34 AM EST

To cope with the effects of the economic slowdown, the Chinese government has cashed in on its vast foreign exchange reserves to rescue the falling currency and curtail capital outflow overseas.

Today Chinese police took into custody 21 people from online financial company Ezubao. For allegedly fleeing more than $10 billion from its millions of investors.

Online Financial Company Ezubao Faces Crackdown for Stealing More Than $10 Billion in Ponzi Scheme

Girish Shetti |

Feb 02, 2016 08:48 AM EST

Chinese police on Tuesday took 21 employees of online financial company Ezubao into custody for allegedly stealing more than $10 billion from millions of investors.

Recent survey reveals average salary in China is at 6,070 yuan ($922.64)

Chinese Employees Earn an Average Salary of 6,070 Yuan ($922.64), Report Reveals

Charissa Echavez |

Jan 25, 2016 06:47 AM EST

A newly released report by job hunting site zhaopin.com has revealed that, based on job vacancies posted over the internet this winter in 32 cities across China, the average salary is at 6,070 yuan ($922.64).

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