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China can avoid middle income trap through reform
China can escape the middle income trap through industrial restructuring and income distribution reform, economists said Thursday.
Financial risk biggest challenge for China
Financial risk will remain the biggest challenge for the Chinese economy as over-reliance on investment to power the economy amid urbanization drive would increase debt burden for local governments, senior economist Li Yining said Thursday.
China vigilant against quantitative easing in developed economies
China's political advisors expressed concerns about the impact of quantitative easing policies in developed countries, urging the nation to speed up industrial restructuring to tackle related challenges.
China to continue GM soybean imports
China will continue to import genetically-modified (GM) soybeans in order to cater to domestic demand, a senior agricultural official said Thursday.
Guizhou to boost its liquor industry
Southwest China's Guizhou province will continue to boost its baijiu, or white liquor, industry, which will likely not be affected by the country's recent ban on alcohol in military units, as well as the pledge by the central authorities to crack down on extravagant banquets, an official said on Wednesday.
Guizhou hits the road to prosperity
Authorities in Guizhou province have promised sound and rapid economic development over the next decade to realize its goal of building a prosperous society by 2020.
Wen's legacy hailed by nation's top economist
China's top economist has taken the management skills that have enabled the country to avoid an economic or financial crisis amid intensive global interdependence as the biggest legacy of the government with Wen Jiabao as premier.
US enjoys clean energy trade surplus with China
U.S. companies held 1.6 billion dollars of trade surplus in clean energy trade with China in 2011, said a report released on Wednesday by the Pew Charitable Trust.
China's shoppers fund luxury tycoons
Chinese consumers continue to make a significant contribution to the wealth of the world's top luxury tycoons, according to a Hurun Research Institute report released Wednesday.
China well on way to being largest oil importer
China could overtake the United States as the world's largest oil importer earlier than expected, while US net oil imports continue to drop due to its booming domestic supply — a remarkable shift between the world's two largest energy consumers.
Innovation needed to further internationalize China's yuan
To further internationalize China's yuan, Beijing could adopt a two-pronged innovation strategy in products and institutional set-up, says a senior investment banker who is also a member of China's top advisory body.
China needs to address industrial overcapacity
Addressing surplus production capacity is a major part of efforts to adjust China's economic structure and transform its pattern of development, a senior economic official said Wednesday.
China stresses boosting consumption, investing in public sector
China aims to boost domestic demand through raising incomes and spending more on infrastructure related to public welfare, a top economic official said Wednesday.
China advancing pilot zone for mainland-HK cooperation
China's top economic planner said on Wednesday that the mainland is in the process of implementing most of the measures aimed at boosting mainland-Hong Kong cooperation in a pilot zone neighboring Hong Kong.
Pilot property levy will be expanded
A senior research official has said that an expansion of a trial property tax on second homes, first launched in January 2011 in Shanghai and Chongqing, is "probable" this year.
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General Liu: Diaoyu Islands war not yet at hand
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