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October, 27, 2016

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A series of major measures will be adopted in an effort to further revitalize the slowing economy in Northeast China, especially as the region's pillar industries are cutting production capacity and private investment has dropped.
Outbound direct investment up 53.7%
China's outbound direct investment jumped 53.7 percent year-on-year to 882.78 billion yuan ($134.22 billion) in the first three quarters of this year, the Ministry of Commerce said on Tuesday.
Xiaomi hits fast track in India, selling 1 million phones in 18 days
Chinese tech firm Xiaomi's founder and CEO Lei Jun revealed in an open letter today that the company has sold one million smartphones in the first 18 days of this month in India.
China's rare earth industry has to produce more high-end products by further reducing the number of producers in the next five years, according to the 13th Five-Year Plan (2016-20) for the industry released by the Ministry of Industry and Information Technology on Tuesday.
China turns an e-payments juggernaut
Electronic payments, including mobile payments, have been growing rapidly in China since 2013, according to the People's Bank of China, the central bank.
China economic growth holds steady as retail spending rises
China's economic growth held steady in the latest quarter, shored up by a bank lending boom and consumer spending that helped make up for weaker trade.
Regulators limit multiple stock accounts
A Chinese securities regulator has tightened regulation of illegal market activity by limiting each investor to a maximum of three stock accounts in the A-share market.
Europe fuels Huawei shipment bonanza
Huawei Technologies Co Ltd announced it has already shipped 100 million smartphones this year, two months ahead of last year's schedule, as the Shenzhen-based firm benefits from robust growth in Europe and rising sales of high-end smartphones.
In an effort to boost market share, Turkish Airlines is building its transfer business, in which passengers from China can change planes in Istanbul, said a company executive.
Instant recovery eludes China's noodle makers
Emma Deng did something unusual on her recent Beijing-Shanghai five-hour high-speed train ride. Instead of snacking on a bowl of instant noodles, as was her wont, the frequent traveler unpacked lunch and beverages brought from KFC and Starbucks outlets at the Beijing South Railway Station.
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