The Economy

Property rights cornerstone of socialist market economy

Property rights are the cornerstone of a socialist market economy, and protecting these rights has always been an important element of the government's agenda, Premier Li Keqiang said Tuesday.

Li pledges wider opening of Chinese market

China will open even wider to the rest of the world, Chinese Premier Li Keqiang said Tuesday, stressing opening up is a two-way movement.

Tibet to focus on supporting key industries

The Tibet autonomous region plans to build a modern high-plateau economic system and to be more opened up to ensure the region achieves quality and efficient development, said the chairman of the region.

Didi to raise $1.6b via ABS to help car leasing

Didi Chuxing, China's largest ride-hailing company, announced on Monday that it has received a no-objection letter from the Shanghai Stock Exchange to raise 10 billion yuan ($1.6 billion) through the issuance of asset-backed securities.

China's housing prices continue to stabilize

Housing prices remained largely stable in major Chinese cities in February amid the government's tough purchase restrictions, official data showed Monday.

Track laying starts for China's longest coal transport railway

Track laying started on Saturday for the Inner Mongolia-Jiangxi Railway, China's longest heavy haul railway line, according to a report by China Youth Online.

Self-driving vehicles used commercially in 3-5 years

Large-scale commercial use of self-driving technology may become a reality sooner than expected, according to search giant Baidu Inc.

Nation's reform, opening-up benefit the whole world

China's policy of reform and opening-up in the past four decades has not only brought great social and economic achievements to the country, but also proved beneficial to the whole world, scholars said.

Entrepreneurs, bankers more upbeat on economy

Chinese entrepreneurs and bankers were more confident about the economy in the first quarter of this year than the previous quarter, central bank surveys showed Thursday.

FDI into China rises 0.5 pct in January-February

Foreign direct investment (FDI) into the Chinese mainland posted a 0.5 percent year-on-year increase in the first two months of 2018, official data showed Thursday.