Entries by admin

Features booming on shared bicycles

With competition between China’s bike-sharing companies growing even hotter, rivals are rolling out new models to tempt customers. To do that, companies are using things like flashy paint jobs, high technology and niche features. Notable among these are three companies-Ofo Inc, Coolqi and Bluegogo International Inc-which are racing to produce more of their new models. […]

Private banking boom in China

With the rapid growth of personal wealth, China has become world’s second-largest wealth management market, which has brought opportunities and challenges for private banking business, the Investor Journal reports. Private banking, as one of the high-end financial services, consists of banking, investment and other financial services provided by banks to high-net-worth individuals (HNWIs), with assets […]

China’s May exports up 15.5%, imports up 22.1%

BEIJING – Both China’s exports and imports surged in May, beating expectations, customs data showed Thursday. Exports in yuan-denominated terms hit 1.32 trillion yuan ($194 billion) last month, up 15.5 percent year on year, higher than market expectations and the 14.3 percent growth in April, according to the General Administration of Customs (GAC). Imports grew […]

Wealthy Chinese seek adventures on vacation

Despite a sluggish world economy, the expanding group of wealthy Chinese, especially millennials, is showing a bigger appetite for luxury travel, adding a bit to the members’ spirit of adventure. According to The Chinese Luxury Traveler 2017 Report – jointly released on Monday by Shanghai-based Hurun Re-search Institute, which observes the rich, and International Luxury […]

Students ready to test their mettle

Students of Maotanchang High School leave the town of Maotanchang in Anhui province on June 5 on 28 buses headed for a nearby city to take the national college entrance examination, known as gaokao, which starts on June 7. More than 10,000 parents and residents wave goodbye to the students, wishing them good luck on the all-important […]

China’s growth outlook positive despite uncertainties

BEIJING – Many economists believe that despite downward pressure and uncertainties, China’s economic outlook remains bright. To assess economic performance, growth is not the only barometer, quality, structure, momentum and room for growth should also be take into consideration, according to an article carried by the People’s Daily on Friday, under the byline of Guo […]

China publishes guidelines to develop inclusive finance in banks

BEIJING – China’s banking regulator has released guidelines to prompt large and medium-sized banks to set up inclusive finance divisions, a move to increase loans for money-starved small firms, agriculture and poverty relief. Large lenders are required to complete the establishment by the end of the year and begin operation as soon as possible, according […]

Shorter negative list for investment

WITH a shorter negative list for foreign investment, China has made a further step in opening up its vast market. A revised guidance catalog for foreign investment in China will soon come into force, with relaxed restrictions on foreign ownership in automotive electronics, new-energy vehicle batteries, motorcycles and other industries, the Ministry of Commerce said […]

Free Trade Zone to get new coat of polish

NOW in its fourth year, the China (Shanghai) Pilot Free Trade Zone is moving from its initial experimental phase into more nitty-gritty areas of economic and financial reforms. The State Council, China’s cabinet, last month approved a new phase of development, further relaxing regulations on commercial transactions and foreign investment. Shanghai has listed 24 “missions” […]