Policy

China seeks to attract more foreign talents: Premier

Chinese premier Li Keqiang said that the country has strong hope to attract brainpower from overseas to boost its innovation-driven growth and reinforce its soft power.

Xi calls for improved supply-side structural reform

At a collective study on Sunday, Chinese President Xi Jinping called for the improving of the supply-side structure to boost the quality of the Chinese economy.

China reiterates no restrictions on foreign firms' profit transfers

Pan Gongsheng, head of the State Administration of Foreign Exchange, accentuated that there are no restrictions on foreign firms' cross-border profit transfers.

SMEs to see advancements in informatization

The MIIT has issued a circular with a focus on improving SMEs' informatization and intellectual transformation and reducing costs of information application.

China mulls pharmacy law on rational medicine use

China is working on a law that will help pharmacists properly prepare and allocate medicine, according to the country's health authorities.

Belt and Road Initiative to reshape world economy, expert says

China's Belt and Road Initiative can greatly benefit the world and significantly reshape the global economic development if certain risks are addressed, Jean-Pierre Lehmann, an expert on the international economy, said here Friday at a conference.

Market

China sets oil, gas supply targets by 2020

China aims to increase domestic crude oil output to 200 million tonnes by 2020, while supply capacity for natural gas should exceed 360 billion cubic meters, according to plans published Thursday.

New-energy vehicles to see explosive growth in China

New-energy vehicles are expected to experience ultra-fast growth over the next three to five years, says a research report jointly released by ifeng.com and Nielsen.

UK enterprises seek Belt and Road opportunity after Brexit

British Consul-General in Chongqing said on Monday that Brexit is actually an opportunity for the UK to form new unions.

China industrial firms post profit rise in 2016

Those companies reported an 8.5 percent profit increase in 2016, reversing a 2.3 percent decline registered in 2015.

China becomes more efficient, cleaner in energy use

China achieved great headway in the push for the use of efficient and clean energy last year.

Economic Watch: China signals neutral monetary policy with rate hikes

On the first working day of the Year of the Rooster, China's central bank surprised financial markets by raising lending rates to banks, widely interpreted as a shift towards neutral monetary policy as economic fundamentals improve.

Investment

Foreign investment to Shanghai rises for 17th year

Shanghai Municipality received 18.5 billion US dollars of foreign investment in 2016, up 0.3 percent, official data showed on Saturday.

China pools 100 bln yuan internet investment fund

The Chinese government launched a 100 billion yuan (14.5 billion US dollars) internet investment fund on Sunday, as the country works to strengthen its edge in the changing economy.

Appetite for overseas assets hits record high

The exponentially expanding appetite of Chinese mainland capital for international real estate assets reached a record high in 2016, according to a real estate services provider.

Gift giving goes digital

About 75 percent of Chinese people are planning to give digital red envelopes of gift money as they welcome the Year of the Rooster, according to an annual study on consumers' spending intentions.

China overtakes US as Germany's largest trading partner: report

China has overtaken the United States to become Germany's top trading market in 2016 for the first time, according to data collected by the Association of German Chambers of Commerce and Industry (DIHK).

China means opportunity to 500 mln EU consumers: European expert

A European expert on China-EU cooperation has expressed optimism over the perspective of collaboration between Beijing and Brussels despite concerns expressed by some EU officials.

Company

Tencent sets foot in Hong Kong insurance with Aviva, Hillhouse

Multinational insurance company Aviva announced on Friday that it has entered into an agreement with Hillhouse Capital Group and Tencent, to jointly establish a Hong Kong-based insurance firm.

Bank of China issues UnionPay dual-currency debit card in Hungary

Bank of China in Hungary and China UnionPay issued the first Chinese renminbi and Hungarian forint debit card on Monday, marking the first renminbi bank card to be issued in Europe by Bank of China.

China's HNA Group in final negotiations to purchase German's Hahn Airport

China's HNA Group is in final talks on purchasing Hahn Airport that locates in western Germany, according to Reuters on Monday.

Chinese utility buys big in Brazil

State Grid Corporation of China announced on Tuesday that it has taken ownership of a controlling stake in Brazilian power utility CPFL Energia SA, the largest power distributor in the country.

Country Garden Education mulls IPO in the US

Chinese property tycoon Yeung Kwok-keung is planning an initial public offering of his private school business that could raise at least 200 million US dollars, sources with knowledge of the matter said.

Chinese automaker JAC to produce cars in Mexico

Chinese automaker JAC will soon produce cars in the central Mexican state of Hidalgo.

Chengdu Opening-up

Naked-eye 3D light shows fascinating

The 2017 Chengdu International Panda Lantern Carnival opened last Friday displays naked-eye 3D light shows for the first time in addition to traditional lanterns.

The 8th Chengdu Poet-Sage Cultural Festival unveiled

The 8th cultural festival in commemoration of poet-sage Du Fu, a realist poet of the Tang Dynasty, is to be held in the Thatched Cottage of Du Fu in Chengdu from Jan. 23 to Feb. 12.

Consul-General emphasizes tourism and education cooperation

Christopher Lim, Australian Consul-General in Chengdu, emphasizes on building closer ties of tourism and education sectors between Australia and Chengdu.

Panda-themed metro train embraces new dresses

The panda-themed metro train dressed up with creative decoration on Tuesday.

Import & export value of Chengdu Hi-tech Comprehensive Bonded Zone ranks 3rd in China

Chengdu Customs announced Jan 17 that the total import and export value of Sichuan hit 326.3 billion yuan (47.57 billion US dollars), a 2.8% increase year-on-year.

Chengdu’s Talent Attraction Initiative

In 2015, Chengdu launched the Tianfu Entrepreneurship Action Plan to be implemented from 2015 to 2025 and a series of support policies.

Email: zengyunheng@nbd.com.cn