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Wednesday, May 14, 2014
Prime Minister Tony Abbott has promised to share the pain in his conservative government's first annual budget aimed at reducing national debt.
China's fixed-asset investment, a main measure of government spending on infrastructure, rose at its slowest pace in more than 12 years in January-April, data showed Tuesday, fuelling calls for Beijing to act to boost the economy.
China's vast “shadow banking” sector is now valued at US$4.4 trillion, according to the government's premier research group the Chinese Academy of Social Sciences (CASS) as it warned of potential risks to the financial system.
Tuesday, May 13, 2014
China's president has told the country to get used to slower growth, damping expectations of a new stimulus.
Monday, May 12, 2014
Some 200 virtual currency enthusiasts excitedly traded namecards and participated in panel discussions Saturday at China's first-ever Global Bitcoin Summit — but several expressed shock that the event was given the green light in the first place.
Friday, May 9, 2014
China's exports and imports rose marginally in April, official data showed Thursday, rebounding from sharp declines in March, but analysts saw a mixed outlook with the world's second-largest economy in the grip of a growth slowdown.
Thursday, May 8, 2014
China's Alibaba seeks blockbuster initial public offering in US
Alibaba Group, the king of e-commerce in China, is dangling a deal that could turn into one of the biggest initial public offerings (IPO) in history.
Tuesday, April 29, 2014
E-commerce giant Alibaba Group is expanding its online entertainment presence by investing US$1.2 billion with a partner in video website Youku Tudou.
Friday, April 25, 2014
US brands Lincoln, Cadillac chase Germany's Audi in China luxury market
Classic American luxury brands Lincoln and Cadillac are taking on Germany's long-dominant Audi in China, but face a market leader fortified by enviable brand awareness built over years as officialdom's favorite car.
China's government says it will open 80 projects in eight state-run industries to private and foreign investors as part of efforts to make its slowing economy more productive.
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