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The Economy

Premier Li details challenges, problems facing China

BEIJING, March 5 (Xinhua) - China faces great challenges and complex problems in pushing forward economic and social development, Premier Li Keqiang said on Wednesday at the opening of the annual session of the National People's Congress, China's top legislature.

China to establish deposit insurance system

China is to establish a deposit insurance system, a key move in carrying out financial reform, according to a government work report delivered by Premier Li Keqiang to the annual parliamentary session on Wednesday.

China aims to increase foreign trade by 7.5%

China will make upgrading exports and promoting balanced trade growth as a strategic priority in 2014, with foreign trade expected to rise by 7.5 percent, according to a government work report to be delivered by Premier Li Keqiang on Wednesday.

China to maintain proactive fiscal, prudent monetary policies

China will continue to implement a proactive fiscal policy and a prudent monetary policy, Premier Li Keqiang said Wednesday at the opening of the annual session of the National People's Congress (NPC), China's top legislature.

China pledges stable growth, deepening reform

China keeps its economic growth target unchanged at 7.5 percent this year as the government looks to achieve stable growth while driving through reforms for a more balanced model.

China aims to keep inflation at 3.5% in 2014

China aims to hold this year's consumer price growth at around 3.5 percent, according to a government work report to be delivered by Premier Li Keqiang on Wednesday.

PBOC to regulate online finance

Central bank aims to release rules 'crucial' to rapidly growing sector's development by middle of year.

Geely acquires British electric startup Emerald

Private automaker Zhejiang Geely Holding Group confirmed the acquisition of British electric startup firm Emerald Automotive after a year of negotiations.

New rules to make low-cost airlines more competitive

Guidelines to enhance the development of low-cost airlines have been unveiled, in a move expected to provide a boost to the nation’s aviation sector.

PE investors trickling back

Private equity (PE) investors are cautiously returning to Asian markets, this time with greater savvy.

China's manufacturing growth hit eight-month low

China's manufacturing growth retreated to an eight-month low in February and slowed for the third month running, official data showed on Saturday.

China becomes world's largest goods trader: WTO

China was the largest goods trading nation in 2013, a Ministry of Commerce statement said on Saturday, citing data from the World Trade Organization.

Foreign exchange controls eased in Shanghai FTZ

The central bank has eased foreign exchange controls in Shanghai FTZ, including cutting red tape for FDI to pilot capital account convertibility.

China to grow steadily in 2014: think tank

China's GDP growth in 2014 may approach the 7.7 percent recorded last year, a government think tank said on Thursday.

Shanghai FTZ lifts foreign-currency deposit rates cap

China's central bank will remove interest rate ceilings on smaller foreign-currency deposits in the Shanghai Free Trade Zone (FTZ) from March 1, the latest in a spate of long-anticipated financial reforms.
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