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The Economy

China completes drafting e-commerce law

China has completed a draft version of the country's first e-commerce law to guide the sector's sound development, a lawmaker said Thursday.

Coal companies shift in direction to battle slump

From beef sales to online gaming, troubled companies search for alternative opportunities for investment

China plans 'smart trains' to take on global rail companies

Chinese companies prepare to modernize rail systems globally.

Central bank to prohibit illegal lending to homebuyers

The central bank will prohibit real estate brokerages and property developers from running financing services if they do not have relevant licenses, People's Bank of China Deputy Governor Pan Gongsheng said on Wednesday.

Li urges Guangdong to pioneer reform

Chinese Premier Li Keqiang told Guangdong Province to continue in its pioneering role in reform and opening up, as the slowing economy is restructured, when he joined national lawmakers during the annual session of the National People's Congress Wednesday.

China's deficit rise helpful to check deflation: expert

China has set its deficit-to-GDP ratio at 3 percent, in a safe range and helpful to overcome deflation, an expert said on Wednesday.

Economist confident in China's economy

Li Yining, renowned economist and member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), said he is confident in China's economy this year, during the ongoing sessions of both the NPC and CPPCC in Beijing.
China can raise the debt ceiling higher: economist
Official defends credibility of Chinese economic data

Downturn in China's foreign trade continues

China's foreign trade continued to decline in February as the result of weak global demand and seasonal factors, data released yesterday by the General Administration of Customs showed.

Hebei shoulders capacity cutbacks

Beijing's smog-hit neighbor Hebei needs more subsidies to help it reduce overcapacity in its major polluting industries, according to provincial officials.

Top 8 hot topics at the two sessions

Leading topics people care most about at China's annual two sessions.

Shanghai's new housing sector rises 78%

Shanghai's new housing market posted sales of over 78 percent last week although the average price fell.

More tax, financial reforms needed, finance chief says

China has made some progress in financial and tax reforms, but additional needed improvements have been slower than expected, Finance Minister Lou Jiwei said on Monday at a news conference for the annual session of the 12th National People's Congress.

Reform needed to revitalize northeast: Xi

President Xi Jinping on Monday called for deeper reform to revitalize China's northeastern industrial base.

President Xi stresses economic construction

President Xi Jinping on Monday emphasized economic construction and called for following the philosophy of innovative, coordinated, green, open and shared development.

China outlines supply-side structural reform plan

China's government work report, presented on Saturday, emphasized strengthening supply-side structural reform through cutting low-end supply while increasing high-end supply and public products and services.
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