Search Results for: Chinese Academy of Social Sciences
Is China really developing a sovereign virtual currency?
October 16th, 2018
China is considered to be an advanced nation when it comes to all things digital. And although the country disappointed many when it banned the trading of bitcoins and other popular cryptocurrencies — China hasn’t given up on blockchains or ...
China’s biggest tax reform for 20 years set to buoy growth
April 22nd, 2016
China’s biggest tax overhaul in more than two decades starts on May 1, with changes set to reduce the burden on services companies and encourage factories to upgrade and innovate. Under the new system, taxes in the construction, property, finance and ...
China’s Forex Reserves Plunge to More-Than-Three-Year Low
February 8th, 2016
The world’s largest stockpile of foreign currency fell by $99.5 billion last month China’s foreign-exchange reserves fell to the lowest level in more than three years in January, raising questions about how long Beijing can keep burning through the ...
China central bank sees economic growth slowing to 6.8 percent in 2016
December 16th, 2015
China’s annual economic growth is likely to slow to 6.8 percent next year from an expected 6.9 percent this year, the People’s Bank of China said in a working paper published on Wednesday. The world’s second-largest economy still faces ...
Asian shares follow Wall Street gains
September 22nd, 2015
Asian markets headed higher on Tuesday, recovering from the previous session’s losses after commodities and shares on Wall Street rebounded. US shares bounced back from big losses last week, when the Federal Reserve kept interest rates unchanged over worries ...
A profound change for China’s SOEs
July 22nd, 2015
The rapid rise of China’s outbound direct investment in the past decade is a significant economic phenomenon, one met with a lot of resistance in some destination countries, particularly due to the abundance of state-owned enterprises. But despite concerns over ...
China’s central bank injects US$8b into market
July 7th, 2015
The People’s Bank of China, China’s central bank, has injected 50 billion yuan (US$8.2 billion) into the money market through open market operations, it announced on Tuesday. This has marked the fourth consecutive cash injection through the central bank’s ...
China Prepares Mergers for Big State-Owned Enterprises
March 11th, 2015
Plan seeks to make firms more profitable but tightens government’s grip China’s leadership is preparing to radically consolidate the country’s bloated state-owned sector, telling thousands of enterprises they need to rely less on state life support and get ready ...
