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The Economy

Li Ka-shing dismisses talk of China withdrawal

Asia's richest man, Li Ka-shing is not pulling out of China, but wants Hong Kong to invest in education and training, according to a report by a Chinese mainland news outlet.

China eyes top FDI host economy globally

Despite rising labor costs, China's allure for foreign companies is increasing due to the growing market, high return on investment and government efforts to improve the business environment.

Sinopec says open to foreign capital in opening-up move

China's top oil refiner Sinopec said Friday that the company would not reject foreign capital in its move to bring in social and private investment in its lucrative oil distribution business.

More tax reforms on agenda: Minister

China will bring more legitimacy and fairness to its taxation system in a bid to ensure the nation's economic health, Finance Minister Lou Jiwei said on Thursday.

Shanghai FTZ on target to produce nationwide innovations

Shanghai's pilot free trade zone will have reached operational maturity by 2016, and three batches of innovative systems tested in the zone will be in use elsewhere in China, Shanghai's Party Secretary Han Zheng said Thursday.

China ready for new trials after Shanghai FTZ

Five months after the establishment of the China (Shanghai) Pilot Free Trade Zone (FTZ) in the bustling coastal metropolis, it seems that the dust has settled for what comes next.
• FTZ on target to produce nationwide innovations

China's grain imports unlikely to surge: minister

China's Minister of Agriculture Han Changfu said Thursday that the country will make "appropriate" use of the global grain market but its grain imports are unlikely to surge.

Minister: Expected GDP an 'indicator' only

A top government official on Thursday expressed again that, as one of the country's primary economic aims, the expected 7.5 percent GDP growth rate in 2014 is an interval indicator rather than a firm goal.

NDRC plans internal reforms

China's top economic planning agency, the National Development and Reform Commission, will launch an self-inflicted reform that will reduce its own power, part of the central government's campaign to give the market a greater role, Chairman Xu Shaoshi said on Wednesday.

Defenders of online finance point to its advantages

Although China's nascent online finance industry has some very vocal critics, others see the sector as an agent of change that will bring higher interest rates for depositors and additional financing for struggling small and medium-sized enterprises.

China Mobile seeks to expand across the globe

China Mobile Ltd is actively seeking opportunities to take its fourth-generation telecommunication technology abroad, a powerful entrance for the world's biggest carrier onto the global stage, a company executive said on Tuesday.

China to promote healthy development of Internet finance

China will promote the healthy development of its burgeoning Internet finance, according to a government work report delivered by Premier Li Keqiang on Wednesday.

Economy faces myriad of 'challenges, conflicts'

Premier Li Keqiang stressed on Tuesday that China must deepen reforms and maintain stable and sound economic growth as the economy grapples with "conflicts and challenges".

China to allow private capital into more state projects

China will speed up the development of mixed-ownership economy by letting non-state capital into more state projects, including those in oil, railways and telecoms, according to a government work report delivered by Premier Li Keqiang on Wednesday.

China to standardize local gov't financing channels

China will build a standard financing mechanism for local governments to issue bonds, its latest step to address local government debt problems, according to a government work report delivered by Premier Li Keqiang on Wednesday.
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