The Economy

China's digital economy on the rise

With a fortune of 295 billion yuan (about 46.6 billion U.S. dollars), Ma Huateng, founder and CEO of internet giant Tencent, is now the wealthiest person in China.

China meets all annual development goals for 2017

China has met all its annual development targets set in last year's government work report, the State Council said Thursday.

China soon to have 100 mln business entities

The number of business entities in China is likely to hit 100 million this month.

Chinese top list of billionaires with total net worth US$2.5t

​The number of Chinese billionaires pulling away from the United States is growing every year with as many as 819 billionaires from China, compared with 571 from the US, the Hurun Rich List showed yesterday.

China on track for 'high-quality development' in 2018

​In a few days, China's annual sessions of top legislative and political advisory bodies will open a window for the world to gain an insight into the country's economic transition in the coming decades -- a drive toward "high-quality development."

Sharing economy creates global pioneers

China has emerged as a global pioneer in the sharing economy, with a wide range of businesses using the peer-to-peer model, including startups offering creative services overseas, a new report said on Tuesday.

China sees robust consumption during Spring Festival holiday

Shops and restaurants across China reported robust sales during the week-long Chinese Lunar New Year holiday, data from the Ministry of Commerce (MOC) showed Wednesday.

Shanxi finds economic driver beyond coal

After a slow start in the first quarter, Shanxi Province's economic growth rate had rallied to surpass the national average after three quarters in 2017. This was thanks to a transformational development trend, as the province finds economic drivers in sectors beyond coal.

Chinese investment could bring opportunity

Chinese investment in the US tech sector could bring more opportunities than threats and should be viewed from the right perspective, according to a US private equity (PE) investment fund.

China to further reduce SOE debts

The State Council Wednesday unveiled an array of measures to further reduce leverage of state-owned enterprises in its latest effort to rein in financial risks. Debt-to-equity swap programs were highlighted for SOE deleveraging.