< img src="https://d5nxst8fruw4z.cloudfront.net/atrk.gif?account=0wrPn1QolK10Cs" style="display:none" height="1" width="1" alt="" />

Monthly Archives: November 2014

China Overtakes Japan as World’s Second-Biggest Stock Market

China surpassed Japan as the world’s second-largest stock market for the first time in three years amid growing investor confidence that policy makers in Beijing will revive the economy with monetary stimulus. China’s market capitalization climbed to $4.48 trillion yesterday after a 33 percent increase this year, according to data...
Read more

Social Security Fund eyes investment to hedge against inflation

China will allow the National Social Security Fund to invest in both domestic and overseas markets in an effort to fight inflation, according to China’s State Council on Legislative Affairs Office, which has solicited public opinion regarding draft regulation of the fund’s operation. The regulation also states that the fund’s...
Read more

UNESCO: Chiprovtsi carpet is World Heritage

UNESCO Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage, which met in Paris on its ninth session today unanimously entered World representative list of elements of intangible cultural heritage of Bulgaria proposed nomination “The tradition of manufacturing rugs.” The Ministry of Culture presented the Bulgarian candidacy production of...
Read more

Chinese Shoppers to Join Black Friday

Chinese shoppers can now participate in a celebrated American shopping ritual: Black Friday. A group of high-end retailers in the United States have teamed up with Alipay, which will enable online shoppers in China to purchase goods through Alipay’s ePass. Alipay is China’s largest third-party payment service. Merchants participating in...
Read more

Kekexili to apply for UNESCO world heritage

China’s Kekexili Nature Reserve has started to apply for UNESCO world natural heritage status. The local government plans to complete all preparatory work by May 2017 for the application. Located in the northwestern part of the Qinghai-Tibet Plateau, Kekexili is an isolated region that covers 4,500,000 hectares at an average...
Read more

Private capital gets more bang in China as economic reforms step up

Private firms have overtaken state-owned companies this year for the first time as the biggest drivers of investment banking revenues in China – a sign of how Beijing’s reforms are transforming private capital’s role in the world’s second-largest economy. Nimble and boasting efficient management, these private firms are taking advantage...
Read more

China to top green list by 2030

Nuclear, wind, solar power generation could lead to decline in carbon emissions China will become the world’s largest renewable energy market by 2030 if it can double the ratio of such sources as solar and wind in the total energy mix to 26 percent, the International Renewable Energy Agency said...
Read more

Plovdiv Municipality opened an office in China

Deputy Mayor of Plovdiv Stefan Stoyanov and Mr. Yuwen Wang, Deputy General Director of Foreign Affairs of Shenzhen Municipality, they together cut the ribbon at the opening today of the office of the Municipality of Plovdiv in the 15 millionth Chinese metropolis. Both stressed the importance of this representation in...
Read more

Foxconn’s Henan plant may make iPhone 7 sapphire screens

Henan province could be the production site of iPhone 7 sapphire screen displays, according to China Economic Weekly. An unnamed official with the government of Henan’s capital Zhengzhou city said they had reached an agreement with Foxconn to build a 2,000-mu factory in the city to produce the displays. The...
Read more

Shanghai vows to build international insurance center by 2020

Shanghai’s municipal government announced plans to create an advanced insurance market that meets the demand of economic and social development for the metropolis, with plans to make itself an international insurance center by 2020. The insurance penetration rate, or premiums as a share of GDP, has goals to rise by...
Read more