Category Archives: Business

Market will open wider to investors

China plans to open the domestic market wider to foreign investment in several key sectors, and the manufacturing of new energy vehicles and the financial sector are among the priorities for liberalization in coming months, a spokeswoman for the nation’s economic regulator said on Friday.

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Iowa farm that President Xi visited to be re-created as Hebei ag-education ground

A delegation of nearly 50 people from Iowa embarked on a 10-day visit to China on Sunday, and a groundbreaking ceremony for a China-US Friendship Demonstration Farm, believed to be the first of its kind, is on the agenda, China Daily learned Sunday morning.

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WeWork files lawsuit against UrWork

The rivalry between Wework, the US co-working company valued at $20 billion, and Urwork, its Beijing-based competitor with a value of more than $1 billion, may be moving from the work space to a courtroom.

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Financial leaders express faith in China

The leaders of key international organizations, including the World Bank, expressed their confidence in China’s economic restructuring and growth prospects on Tuesday as the country pursues innovation-driven and sustainable development. They spoke during a roundtable dialogue in Beijing hosted by Premier Li Keqiang.

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Yuan dips as capital controls relaxed

The renminbi weakened on Tuesday for the first time in two weeks after the central bank relaxed capital controls on Monday. Analysts said the currency will have more two-way fluctuations in coming months.

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China influencing world economy

China is becoming more of an influence on the world economy as the country becomes a major trading partner for many nations and a growing source of foreign direct investment, he said on Tuesday at Fitch’s Global Sovereign Conference in New York. Fitch is one of the “big three” US credit ratings agencies, alongside Moody’s Investors Service and Standard & Poor’s.

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