The competitiveness of China’s traditional industries is weakening, while its growing competitiveness in new and emerging sectors still lacks sufficient capacity, according to a report published by the Chinese Academy of Social Sciences. Commenting on the findings, Jin Bei, director of the Institute of Industrial Economics at the CASS, which produced the report, said China’s [...]
China’s growing level of local government and corporate debt has become a major issue for the nation’s financial system, and requires the authorities to work on solutions to reduce the risk of a hard landing, according to experts. The banking system can only handle possible external impacts if debt restructuring is immediately pushed forward, said [...]
THE Chinese and Indian premiers yesterday pledged to resolve a border dispute that has soured ties for decades, saying good relations between the two Asian giants were key to world peace. China and India will study new ways to ease tensions on their border, Chinese Premier Li Keqiang said in New Delhi. The Chinese premier [...]
The amount of bonds the Ministry of Finance plans to issue for four local governments this year rose from last year, data from the local governments shows. The four are the government of Chongqing and the governments of Jiangsu, Hainan and the Xinjiang region. A breakdown of intended uses for the funds showed priority shifting [...]
Chinese President Xi Jinping will pay state visits to Trinidad and Tobago, Costa Rica and Mexico from May 31 to June 6, and meet with US President Barack Obama in the United States on June 7-8, Foreign Ministry spokesman Qin Gang announced here Tuesday. According to Qin, Xi’s visits are at the invitation of President [...]
Having closely monitored the performance of a financial management company for more than four years, Hou Yanjie finally decided to buy a trust product recommended by an account manager she’s familiar with. The product requires investment of at least 1 million yuan ($163,000), and the expected annual rate of return is around 9.5 percent. The [...]
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