The city of Shanghai saw its annual GDP exceed the three trillion yuan (approx. USD$470 billion) threshold in 2017, with the Pudong New District accounting for nearly a third of its total economic output.
The Chinese government has signalled key changes to the appointment process for the CEO’s of the country’s central state-owned enterprises.
China’s state-owned media has indicated that the next round of tax reductions will focus on the further replacement of business taxes with value-added taxes, as well as a reduction in the tax burden for hi-tech manufacturing companies.
The Trump administration has stepped up Sino-US trade tensions with claims that American support for China’s ascension to the World Trade Organization was a mistake.
The International Monetary Fund has lifted its economic growth forecasts for China over the next two years on the back of improved expectations for external demand.
Chinese financial regulators are ratcheting up their crackdown on virtual currencies with the launch of a strict prohibition on payments companies providing services for related transactions.
The People’s Bank of China added 20 billion yuan in liquidity to Chinese financial markets on Monday via reverse repo operations.
A new survey claims that only 10% of Beijing residents are deciding to have a second child following the relaxation of China’s family planning restrictions, with respondents stating that financial pressure is a key factor.
Escalating border tensions with China have not prevented India from becoming the Beijing-based Asian Infrastructure Investment Bank’s biggest borrower.
One of the senior-most advisors to the Chinese central bank says the release of strict new regulations governing China’s asset management sector can effectively curb risk without precipitating crisis as feared by many observers.