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  • A Stable 2012, a Promising 2013

    2012-12-26 15:16

    As the end of the year is drawing near, Li Xuesong breathed a sigh of relief, for China's economy had finally bottomed out and began to rebound after a slowdown spanning seven seasons.

    It is still hard to say how long the rebound will last. At the conference analyzing and forecasting China's economy and the book launch for the Blue Book on China's Economy in 2013 held on Dec 5, Li, Deputy Director of the Institute of Quantitative and Technical Economics at the Chinese Academy of Social Sciences, suggested the foundation for economic recovery was still weak and uncertain. "It depends on international economic factors and domestic economic policies," said Li.

  • Richer China to benefit world

    2012-12-26 11:16

    A stronger China and richer Chinese population could help to stimulate the lackluster global economy.

  • Chinese deserve better overseas shopping experience

    2012-12-26 10:38

    When Chinese shoppers bring fortune to the struggling global economy, they deserve a merry shopping experience abroad.

  • Govt bailouts help business but raise concerns

    2012-12-26 10:36

    Dozens of listed companies on the Chinese mainland reported receiving large government subsidies in the fourth quarter.

  • Regions urged to rely on local advantages

    2012-12-26 10:06

    Although China's inland areas are catching up in economic growth, they are warned not to blindly follow the coastal region's path.

  • Higher pay and stronger yuan slow hiring

    2012-12-25 16:14

    The manufacturing industry's demand for new employees shrunk by more than 20 percent year-on-year in the first three quarters of this year.

  • Tech innovation leads to economic recovery

    2012-12-24 17:25

    A global economic crisis usually nurtures a technological revolution and innovations can drive economic recovery.

  • Chinese private firms lack innovation spirit: report

    2012-12-24 11:12

    Privately-owned companies in China rely on copying their counterparts' technology with few bothering to improve and innovate.

  • High-net-worth individuals 'want better banking'

    2012-12-24 10:15

    A lot of high-net-worth individuals in China are not satisfied with private banking services and look forward to tailor-made, innovative offerings.

  • Private banking for rich 'faces golden era'

    2012-12-24 09:48

    Revenues from China's private banking sector are expected to grow from 23.3 billion yuan in 2010 to 46.8 billion yuan by 2015.

  • Santa is coming and China takes more notice

    2012-12-24 09:20

    "Christmas is coming and the geese are getting fat. Please put a penny in the old man's hat." It's the opening two lines of a traditional Christmas ditty but in this instance it is symbolic of what's happening in the world: The old man is China and what he needs is more domestic consumption.

    The good news at a time of year that celebrates the birth of Christ, also known as Jesus and the Messiah, is that China has latched on to this festive season as yet another way of luring customers into shops and opening wallets and purses.

  • Uneasy jingle on currency

    2012-12-22 14:54

    The internationalization of the renminbi requires a look at distant horizons as well as the local market.

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