Latest News & Events

More Efforts to Boost Innovation in 2014

(Updated: 2014-01-09 ) More efforts will be made in 2014 to support the innovation and research and development of new technologies, said Wan Gang, minister of the Science and Technology Ministry at the 2014 national conference on science and technology in Beijing on 9th Jan. The conference, held by the ministry annually, was to summarize the […]

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Posted in: China

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State Planners Relax Outward Investment Rules

(Updated: 2014-01-09) China is amending a regulation on the management of outward direct investment aimed at significantly relaxing the approval process and shifting the management mechanism from approvals toward a registration-oriented one, an official source said. Economic Information Daily, a newspaper under Xinhua News Agency, citing an unnamed but “official source”, said that the National […]

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Posted in: China

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Banks, Retailers Look to Financial Innovation

(Updated: 2014-01-07) Faced with strong competition from Internet finance and e-commerce, some traditional banks and retailers are providing innovative financial products and services. China CITIC Bank Corp Ltd and Carrefour China launched a co-branded credit card for daily consumption on 6th Jan. The credit card has been launched in more than 100 Carrefour stores in […]

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Posted in: China

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China Allows Private Capital in Telecom

(Updated: 2013-12-26) China’s Industry and Information Technology Ministry (MIIT) granted licenses to 11 private enterprises to pilot resale of certain mobile services. The move will enable the firms, including e-commerce giant Jingdong Mall, to partner and compete with the backbone operators through the resale of mobile services, marking a breakthrough for China to further open […]

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Posted in: China

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Orders for Durable Goods Surged 3.5% in November

(Updated: 2013-12-24) Orders for long-lasting manufactured goods surged in November and a gauge of planned business spending on capital goods recorded its largest increase in nearly a year, pointing to sustained strength in the American economy. While another report on Tuesday showed new-home sales slipped in November, sales in October were revised to show the […]

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Posted in: USA

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Retailers May Have Happy Holiday After All

(Updated: 2013-12-16) More Americans now say they are loosening the purse strings in advance of the holiday season, and fewer say they are tightening their belts, according to a recent Citi national survey. Only 35% said they would be spending less than last year, reflecting the lowest level of holiday budget cutbacks since the financial […]

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Posted in: USA

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