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The Economy

Tencent's Ma to bring 5 proposals to NPC annual session

Ma Huateng, founder and CEO of Tencent Holdings, will make five proposals at the National People's Congress annual session opening on Saturday, including those concerning development of the sharing economy, Internet-based medical services and security of the Internet ecosystem.

Economists: China needs to maintain growth of 6.5%

China must prevent its economic growth from falling below 6.5 percent this year, leading economists said on Wednesday.

China supports foreign participation in SOE reforms

China will support foreign participation in its drive to reform state-owned enterprises (SOEs), Spokesman of the Ministry of Commerce Shen Danyang said Wednesday.

New Airbus facility under construction in Tianjin

Construction began Wednesday on an Airbus facility in north China's Tianjin, where the company's A330 aircraft will be finished off and delivered to clients.

China to lower entry barrier for foreign investors

China will lower the entry barrier for foreign investors and speed up the revision of relevant laws, said Spokesman for the Ministry of Commerce Shen Danyang on Wednesday.

Tianjin to deliver A330s in 2017

Airbus SAS expects its new China A330 completion center to deliver a jet per month starting in 2017, rising to two per month in the following two years, the firm's China head said on Tuesday.

More pro-growth policies expected for China's economy

China's latest cut in its reserve requirement ratio (RRR) signalled more bold pro-growth measures on the horizon against rising economic headwinds.

Beijing boasts 2nd largest number of valuable tech startups

Beijing boasts the world's second-largest number of most valuable tech startups, showcasing its advance in the sector.

China cuts reserve ratio to stimulate growth

The People's Bank of China, China's central bank, Monday announced that it will lower its reserve requirement ratio (RRR) for commercial banks by 0.5 percentage point, starting from Tuesday.

Industrial diversity pays benefits for local economy

Chinese provinces used to depend on mining and big smokestack industries are losing ground to peers with more diverse business structures.

Opening gated communities to public sparks online debate

A recent central government guideline on urban planning has sparked heated debate among Internet users over opening up gated residential communities to public road system, with an online poll showing that a majority of participants oppose it.

China's business system reform boosts entrepreneurship

China's business system reform has boosted growth of new businesses and jobs, according to a senior official on Monday.

FTZs to lead the way of China's future economy

Commerce officials say that the FTZ competition among local govts will probably continue throughout the nation's 13th Five-Year Plan (2016-20).
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