The Chinese government hopes to create “a sincerity culture” and raise “honest mentality and credit levels of the entire society” through the Social Credit System. However, this system may evolve into a large-scale political tool. The system can be used to ensure citizens, private companies, public officials, and state institutions abide by the rules.

Donald Trump's administration has put its main programme for bolstering economic relations with China on ice.

China's official manufacturing Purchasing Managers' Index for November was at 51.8; Economists in a Reuters poll expected official PMI to come in at 51.4 in November, slower than 51.6 in October.

At the 19th Communist Party Congress, President Xi signaled a move away from the longstanding tradition of setting annual GDP growth targets. This shift reflects a necessary recognition of China’s transition away from the ultra-rapid growth rates of the previous three decades. However, this policy change may also signal a desire to minimize perverse incentives for local party officials to distort economic data and pursue otherwise-useless development projects to boost growth figures.

China will cut import tariffs on some consumer products from the start of next month, the finance ministry announced on Friday.The move comes amid long-standin

Why are Chinese people are interested in buying property in Cyprus? The opportunity for permanent EU residence has attracted many Chinese investors and real estate buyers. But after the financial crash of 2008, many Chinese investors lost a lot of money, and now sales of homes in Cyprus are up and down.

Whenever China is faced with a challenge or an obstacle, it overcomes it, and grows stronger in the process.

In the past, the key challenge facing China was to stop importing “dark matter”: as one of the world’s largest net creditors, China needed to stop running an investment-income deficit. Today’s challenge is to avoid “matter annihilation”: China must prevent its net foreign assets from disappearing.

China is increasingly insisting that its oil imports be denominated in Chinese yuan instead of U.S. dollars. If successful, this could make the yuan into the globe’s second or third most important currency overnight. Given that China’s imports will soon dwarf those of the United States, it is perhaps just a matter of time until the more than a half century reign of the petrodollar comes to an end.

Many observers note that President Xi Jinping’s opening speech at the 19th National Congress did not spell out major new economic reform initiatives. Nonetheless, economic reform has neither stalled nor backtracked in the past five years, and is even less likely to do so if Xi Jinping successfully consolidates his power with the 19th Congress.