BRICS voices disappointment with non-implementation of IMF reforms

BRICS voices disappointment with non-implementation of IMF reforms

The world’s leading emerging economies on Tuesday expressed their disappointment with the failure to implement the 2010 International Monetary Fund (IMF) reforms. “We remain disappointed and seriously concerned with the current non-implementation of” the IMF reforms, said a joint declaration of Brazil, Russia, India, China and South Africa, collectively known as BRICS. The failure negatively […]

China’s GDP grows 7.4 pct in H1

China’s GDP grows 7.4 pct in H1

China’s economy grew 7.4 percent year on year in the first half of 2014, the National Bureau of Statistics (NBS) announced on Wednesday. Growth in the second quarter stood at 7.5 percent, picking up from the 7.4 percent expansion in the first quarter. “The Chinese economy showed good momentum of stable and moderate growth in […]

China’s industrial production recovers in H1

China’s industrial production recovers in H1

China’s industrial production growth quickened in the first half of 2014, showing signs that the world’s largest “workshop” is warming up. The National Bureau of Statistics (NBS) said on Wednesday that value-added industrial output in the country expanded 8.8 percent year on year in the January-June period, accelerating from an 8.7-percent increase in the first […]

BRICS leaders hail outcome of first-day summit after 4 major deals signed

BRICS leaders hail outcome of first-day summit after 4 major deals signed

Leaders of BRICS countries hailed the outcome of their first-day summit on Tuesday, when four major agreements were signed in key economic areas. The BRICS, which groups Brazil, Russia, India, China and South Africa, is holding its sixth summit on Tuesday and Wednesday in Brazil’s northeastern coastal city of Fortaleza. The first day of the […]

The CBBC China Outbound Conference 2014

The growing tide of Chinese outbound investment is one of the most exciting trends in the UK-China commercial relationship. Some of the biggest names in Chinese business have been drawn to the UK’s open and welcoming environment in recent years, making Britain the number one destination in Europe for Chinese investment. CBBC’s China Outbound programme […]

Nothing to fear in China-U.S. partnership

Nothing to fear in China-U.S. partnership

After the tension of the past year, relations between China and the United States seem to be on the rebound. China and the U.S. have a consensus on relations that are no longer defined by strategic rivalry, but by cooperation and proper management of differences. Ahead of the meeting of the two Presidents during November’s […]

China strengthens IPR cooperation

China and the World Intellectual Property Organization (WIPO) vowed on Friday to improve cooperation on protection of intellectual property rights (IPR). The pledge was made during a meeting between Chinese Premier Li Keqiang and WIPO Director-General Francis Gurry. Gurry is here for Thursday’s opening of a Beijing WIPO office, one of only four globally. China […]

SCO members expected to ease Asia-Europe road transport

An agreement opening road transportation between Asia and Europe is expected to be signed at the upcoming 12th prime ministers’ meeting of the Shanghai Cooperation Organization (SCO) member states, a Chinese diplomat said on Wednesday. Vice Foreign Minister Cheng Guoping told a press conference that the agreement would create conditions for an Asia-Europe transport corridor […]

OECD revise up British economic growth

The Organization for Economic Cooperation and Development (OECD) on Tuesday sharply upgraded its growth forecast for Britain in 2013 and 2014, while revising down global economic growth estimates by a big margin. In its latest Economic Outlook report, the OECD said the British economy would grow by 1.4 percent this year and 2.4 percent in […]

Chongqing Chinese Medicinal Materials Market moved

Chongqing Chinese Medicinal Materials Market moved

After 3 months trial operation, the “Tongjunge” (桐君阁) Chongqing Chinese Medicinal Materials Market of Taiji Group, located at Caiyuanba Bund, officially opened to the public on November 18th, 2013. Chongqing Chinese Medicinal Materials Market, one of the 17 national specialized markets of Chinese medicinal materials, has a history of 20 years, with the former site […]