Alibaba Group announced its decision Thursday to split China’s largest e-commerce website Taobao into three separate companies. The new companies are product search engine eTao, for searching across Chinese shopping websites; the business to…
Category: Economy
Individuals with access to critical information may have to register on regulatory list BEIJING – The China Securities Regulatory Commission (CSRC) on Wednesday issued draft rules of a nationwide registration system for people with access…
Real estate market slows as tighter credit and gov’t curbs ‘start to bite’ SHANGHAI – Chinese developers’ outlook was cut to “negative” from “stable” by Standard & Poor’s, which said tighter credit and further…
SHANGHAI – A 34-month-high consumer price index (CPI) in May has left little maneuvering room for manufacturers and required them to get stronger, more efficient and more creative, experts said on Tuesday. The National Bureau…
BEIJING – Increasing imports is not a temporary measure for China, but a long-term macro-economic strategy, Yao Jian, spokesman for the Ministry of Commerce, said on Wednesday. Yao stressed the importance of import expansion in…
Six major emerging economies of Indonesia, Brazil, China, India, South Korea and Russia will account for more than half of all global growth by 2025, a World Bank’s official said here on Wednesday. Mansoor Dailami,…
“Messy” is a term often used to describe China’s rare earth mining industry. It has earned this distinction because of the severe environmental degradation, illegal mining practices and smuggling that have become endemic to the…
China’s consumer price index (CPI), the main gauge of inflation, rose 5.5 percent year-on-year in May, the National Bureau of Statistics said on Tuesday. CPI rose 5.2 percent year-on-year in the first five months…
PPP comparisons can be misleading, but China’s economy will surpass the US’ by 2021 even in nominal terms Is China poised to surpass the United States as the world’s largest economy? The International Monetary Fund…
The new Beijing-Shanghai high-speed trains might lead to a 20 percent to 30 percent reduction in airline passengers on that route, China Business News (CBN) reported Monday, citing an aviation industry insider. “When the Beijing-Shanghai…