Economy

Economy

Belt and Road to boost Chinese healthcare investment overseas

A new PwC report says Chinese investors are expected to move away from North America and Europe to increasingly focus on the Asia-Pacific region.
Economy

SOE profits jump 24.6 percent in first 10 months

Metals coal and petrochemicals drove the increase, while the electricity sector lagged.
Economy

China draws up draft law on resource tax

China has formulated a draft law on resource tax in a bid to conserve natural resources and protect the environment.
Economy

Australia-China relations go from strength to strength

Australia sees greater opportunities in trade and cultural exchange under the Belt and Road Initiative, Australian officials and experts said at a forum recently.
Economy

PBOC to tighten rules on asset management business

China's central bank has issued sweeping guidelines to tighten rules on asset management business, the latest step to fend off risks in the country's growing shadow banking sector.
Economy

China approves projects worth US$10b in October

China's top economic planner approved 16 fixed-asset investment projects with total investment reaching 66.6 billion yuan (US$10 billion) in October. 
Economy

German firms go cool on China expansion: survey

The poll found 57 percent of companies do not plan to expand next year, but are optimistic on their earnings outlook.
Economy

The big spending party is over, long live Chinese consumerism!

The Singles Day shopping extravaganza, as predicted, was bigger than ever. What's left for consumers as well as merchants to think about before the next shopping season? 
Economy

Shanghai's SOEs to invest US$121b yuan annually to develop innovative products

Investment will be channeled into high-tech industries like digital technologies, renewable energy and new materials.
Economy

Tax authority moves to cut costs, red tape

The changes will make it easier for businesses to get loans and will reduce government paperwork.
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