Eye-catching quarterly gains by Apple and Alibaba in China have provided fresh proof that growing online and high-tech consumption may be coming to the rescue of the country’s economy.
Chinese appetite for imported food has been growing fast as the increasingly wealthy population seek more exotic eating, new data showed on Thursday.
On Friday, Royal Caribbean’s multimillion-dollar cruise liner, Quantum of the Seas, arrived at northern China’s Tianjin port, where it will embark on the first of four round-trip voyages scheduled to last until mid-November.
Given looming downward pressure and ongoing economic restructuring, a lower average annual growth target of 6.5 percent will be acceptable and attainable for the world’s second largest economy in the next five years, according to analysts.
ZTE, the fourth-largest smartphone supplier in North America, teamed up with Rogers Communications in launching here Tuesday smartphone ZTE Axon, its first premium device released in Canada.
China’s economy posted a 6.9-percent growth year on year in the third quarter of 2015, lower than 7 percent in the first half of the year, the National Bureau of Statistics (NBS) announced on Monday.
More than half of China’s listed companies have published preliminary financial results for the first nine months of the year, with the majority of them expecting better profits.
China’s top economic planner approved the construction of eight infrastructure projects, with an estimated total investment of 95.3 billion yuan (15 billion U.S. dollars), it announced Thursday.
The expansion of a credit-asset pledged relending program should not be misinterpreted as a Chinese version of quantitative easing (QE), a senior economist of the central bank told Xinhua on Wednesday.
U.S. economy continued “modest expansion” from mid-August through early October, with manufacturing remaining sluggish, a latest survey by the Federal Reserve showed on Wednesday.