The Economy
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Chinese economy to remain top engine of world growth
China's economy is expected to remain the strongest engine for world economic growth in 2017, a spokesperson of the top political advisory body said Thursday.
• China refrains from mega economic stimulus plan
- Enterprises listed on China's NASDAQ-style board witnessed robust net profit growth in 2016, evidence of ongoing industrial upgrading and economic restructuring.
- In a quiet street in western Beijing stands a building, not new, not tall, not clad in fancy glass common to modern high-rise office towers. In fact, the building is so ordinary looking that you would barely notice it when passing by. Even two nearby restaurants had to close due to the sparse human traffic. But this building is where China experiments with one of the most drastic reforms in State-owned enterprises.
- China will not flood the economy with government investment as it pursues more stable, healthy economic growth, an official with the top economic planner said Wednesday.
- The Chinese government has announced ambitious plans to improve the country's transport infrastructure in the next few years.
- Nearly 80 percent of foreign companies are optimistic about the Chinese economy, according to a survey released Wednesday.
- China is set to become the world's second biggest wine market by 2020 when sales of still and sparkling wine reach 21 billion U.S. dollars in the country, the wine industry's VINEXPO announced here on Wednesday.
- This adjustment is conducive to stabilizing the yuan's exchange rate and foreign exchange reserves at a reasonable level, and eased outside worries about China's foreign reserves and economy.
- China will stick to the basic tone of "seeking progress while maintaining stability" in this year's economic work to ensure stable and healthy development of the economy, Chinese President Xi Jinping said on Tuesday.
- China's State-owned industrial enterprises, which account for the majority of China's SOEs, ended two years of losses in 2016 and reaped good returns on the back of structural optimization.
- China's foreign exchange regulator has approved a bigger amount of foreign investment in the country's onshore financial market, official data showed on Monday.
- China's newly appointed minister of commerce vowed on Monday to further boost foreign direct investment and let foreign companies play a bigger role driving local manufacturing and service industries.
- Huawei Technologies is set to narrow its market share gap with Apple Inc to under 5 percentage points in the global smartphone market in 2017, research firms said yesterday.
- China's foreign exchange regulator said Monday that it had recently uncovered a number of illegal forex trade cases, and vowed to step up market regulation this year.
- A Chinese regulator lashed out at "financial crocodiles" that gobbled up retail investors' interests on the stock market on Sunday, vowing stricter regulation.
