Xi stresses role of finance in serving real economy

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, underscored China should deepen supply-side structural reform in the financial sector and strengthen the sector's ability in serving the real economy.

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  • China reports 1st forex settlement surplus in 7 months

    Feb 23,2019

    China's commercial banks saw a net forex settlement surplus of 81.8 billion yuan (around 12.1 billion U.S. dollars) in January, official data showed.

  • Xi stresses role of finance in serving real economy

    Xi stresses role of finance in serving real economy

    Feb 23,2019

    Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, underscored China should deepen supply-side structural reform in the financial sector and strengthen the sector's ability in serving the real economy.

  • Investors encouraged to enter scrap vehicle sector

    Feb 23,2019

    Private and foreign investors are being encouraged to enter the scrap motor vehicle business to fuel competition in China's huge market, officials at the Ministry of Commerce said on Friday.

  • PBOC swears by prudent policy

    PBOC swears by prudent policy

    Feb 23,2019

    Cutting the reserve requirement ratio (RRR) will remain policymakers' go-to tool if they need to boost liquidity and tackle deflation or economic cooling, economists said on Friday, after the central bank published its latest quarterly monetary policy report.

  • Export-dependent Asian countries feel ripple effects of trade tensions

    Export-dependent Asian countries feel ripple effects of trade tensions

    Feb 23,2019

    Most export-dependent Asian economies posted slower growth in 2018 under the shadow of trade frictions between major economies, and the same frictions are affecting this year's prospects.

  • Long-upward housing price trend cools

    Long-upward housing price trend cools

    Feb 23,2019

    The market for previously owned homes in China's first-and second-tier cities showed signs of cooling in January, as sale prices dropped for first time in 45 months, signaling a stable year for housing prices, experts said.

  • Eighteen proposals shortlisted for work on China's space station

    Feb 23,2019

    Eighteen proposals from scientists around the world for space experiments onboard China's future space station have been shortlisted for further evaluation, with the final result to be announced in June.

  • Huawei beats rivals in smartphone sales

    Huawei beats rivals in smartphone sales

    Feb 22,2019

    Chinese telecommunications giant Huawei recorded strongest growth in smartphone sales among the top five global smartphone vendors - Samsung, Apple, Huawei, OPPO and Xiaomi - with a year-on-year surge of 37.6 percent to surpass 60 million units in the fourth quarter last year, consultancy Gartner said in its latest report on Thursday.

  • Alliances to aid progress in industrial internet

    Feb 22,2019

    China will deepen international cooperation and put new emphasis on addressing technical shortcomings when fueling the development of the industrial internet, a frontier essential to the country's high-end manufacturing powerhouse, the top industry regulator said on Thursday.

  • Big data to reshape economic landscape

    Big data to reshape economic landscape

    Feb 22,2019

    Core industries in China's big data sector could earn more than 720 billion yuan ($106.3 billion) this year, said a report on the sector's outlook from think tank CCID.

  • Japan's Hayabusa2 space probe successfully lands on asteroid: JAXA data

    Japan's Hayabusa2 space probe successfully lands on asteroid: JAXA data

    Feb 22,2019

    Japan's Hayabusa2 space probe successfully landed on the asteroid Ryugu, data from the Japan Aerospace Exploration Agency (JAXA) confirmed Friday.

  • Scientists produce DNA-like molecular system that may aid search for alien life

    Scientists produce DNA-like molecular system that may aid search for alien life

    Feb 22,2019

    American scientists have produced a DNA-like molecular system that can store and transmit information, and serve as an alternative genetic system for life that may aid search for alien life.

  • Breakdancing among 4 additional sports proposed by Paris 2024 for IOC validation

    Breakdancing among 4 additional sports proposed by Paris 2024 for IOC validation

    Feb 22,2019

    The Organizing Committee for the Paris 2024 Olympic and Paralympic Games announced on Thursday that it will propose four additional sports, including newcomer breakdancing, to the Games, which is pending for validation by the International Olympic Committee (IOC).

  • China dominates first day of World Cup Gymnastics

    Feb 22,2019

    Chinese athletes excelled on the opening day of the World Cup Gymnastics, which kicked off in Melbourne, Australia on Thursday.

  • Manchester City owner buys Chinese club

    Feb 21,2019

    Manchester City owner City Football Group (CFG) announced a landmark investment in Chinese football with the purchase of a third-tier Chinese club Sichuan Jiuniu at a press conference on Wednesday in Chengdu.

  • Chinese high jumper Wang sets national indoor record

    Chinese high jumper Wang sets national indoor record

    Feb 21,2019

    China's Wang Yu cleared a personal best of 2.34 meters to take the men's high jump sivler at the final stop of the 2019 IAAF World Indoor Tour in Dusseldorf, Germany on Wednesday, improving the national indoor record by 0.01m. 

  • China's Su Bingtian lands third indoor win in Dusseldorf

    China's Su Bingtian lands third indoor win in Dusseldorf

    Feb 21,2019

    Su Bingtian continued his unbeaten run into the season as the Chinese star sprinter blazed to a 6.49-second clocking to pocket his third consecutive 60-meter victory in one week at the final stop of the 2019 IAAF World Indoor Tour in Dusseldorf, Germany on Wednesday.

  • Event legacy plan for Beijing 2022 unveiled

    Event legacy plan for Beijing 2022 unveiled

    Feb 21,2019

    The 2022 Beijing Winter Olympics organizing committee has unveiled its Legacy Plan on the day of the Chinese Lantern Festival.

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