Outbound direct investment (ODI) for 2011-15 is expected to register double-digit annual growth to reach $560 billion, matching the nation’s foreign direct investment (FDI), a statement from the Ministry of Commerce said. >>> Read more
Land sales slowed sharply in China last year, according to a series of industry reports that highlight the deepening woes of debt-laden local governments who depend on land auctions as a crucial revenue source.>>> Read more
China’s 2011 trade surplus shrank slightly to $160-billion last year, Chinese Commerce Minister Chen Deming said on Thursday, giving grist to Beijing’s vows to boost imports and balance the nation’s trade. >>> Read more
On a recent brisk afternoon, Meghan Cochran swung by one of China’s few remaining hutong areas in Beijing’s Beixinqiao district. Huddled around a large kitchen table with a handful of other foreigners, the medical intern set out to master the art of making...
Chinese Premier Wen Jiabao said that business conditions may be « relatively difficult » this quarter and monetary policy will be fine-tuned as needed.>>> Read more
Authorities in Beijing and Shenzhen announced above-inflation increases in local minimum wages ahead of the New Year, as they seek to encourage migrant workers to stay put in what is likely to be another year of labor shortages. >>> Read more
