Chinese Premier Li Keqiang delivers a keynote speech at the World Economic Forum (WEF) annual meeting in Davos, Switzerland on Wednesday, Jan 21, 2015. [Photo: Xinhua] As the Chinese economy has entered a state of new normal, the shift of growth gear...
Chinese State-owned enterprises managers are getting paycuts, and investors are monitoring the pilot pay reform program because SOEs are usually blue chip stocks. Central State-owned enterprises launched a pilot pay reform at the beginning of this ye...
Premier Li Keqiang visited Shenzhen on Monday and told the local government that the city should take a pioneering role in China's reforms and opening-up. Li said that role should include developing a Shenzhen-Hong Kong Stock Connect program to follo...
In addition to Tianjian, Chinas State Council approved two other new free trade zones last month. Two provinces, Guangdong and Fujian, will have free trade zones modeled on Shanghai Free Trade Zone. In the past year, the Shanghai Free Trade Zone has...
Year-end and year-begining are traditional sales peak season for vehicles. And this time, the promotion is even on a larger scale. High inventory level and a tie-in sales mode are the reasons. It may be good news for vehicle buyers, but not such a ha...
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German luxury automaker BMW has agreed to pay 5.1 billion yuan (US$820 million) in subsidies to its dealers in China, according to BMW's main Chinese dealership group. The agreement ends months of disagreement over who should bear the brunt of a sign...
Webank is China's first Internet-based bank. Its establishment marks a major step in deepening reform in the financial sector, one that's being constantly transformed by the Internet. Webank was approved by the country's regulators in July, 2014. Fiv...
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The global oil markets experienced another blow on Monday, with prices hitting their lowest in five and a half years. US crude at one point hit below $50 a barrel, while Brent dove under $53. This was related to the latest signs of oversupply. Russia...
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Iron ore prices slumped as much as 50 percent in 2014. Importers who are facing risks of further declines, are remaining cautious holding lower inventory levels. Shipping companies and steel producers are also suffering from the dampening market. It'...
China's iron ore manufacturers say they're struggling to keep their businesses afloat because of high costs and taxes while production is on the rise for the sector's global giants. Brazil's Vale SA is the world's largest iron ore producer and it say...
China has scrapped a quota system that was intended to restrict rare earth exports. The move involves 17 metals used in high tech sectors, it's aimed at complying with a World Trade Organization ruling released last year. The Ministry of Commerce iss...
