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Q3 results bolster China's economic transition

Latest economic data indicates China is on the right path to shifting economy away from exports and a dependence on heavy industry to one fueled by domestic consumption and services.

Industry

China's central SOEs to achieve 2016 steel capacity cut goal early

China's centrally administered state-owned enterprises (SOEs) will be able to hit their annual steel capacity reduction goal ahead of schedule.

Company

China's Weibo overtakes Twitter in market cap

Chinese social media giant Sina Weibo overtook its U.S. counterpart Twitter in market capitalization for the first time ever during trading on Monday.
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Chinese firm launches R&D on 600 km/h maglev train

A Chinese firm will start researching and developing a magnetic levitation (maglev) train that can run 600 km per hour.
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In-depth

Chinese economy stabilizes, heralding global economic recovery

The gross domestic product (GDP) of China grew 6.7 percent in the third quarter of 2016 on a year-on-year basis, steady from the first two quarters.

China driving force behind New Development Bank: bank's chief

China was a strong driving force behind the setting up of the New Development Bank, K. V. Kamath, president of the bank, told Xinhua in an exclusive interview.

China's Wanda Group injects new impetus into China-U.S. film co-op

The China Dalian Wanda Group's 750-million-U.S.-dollar plan to attract Hollywood production to China has successfully catched the eye of the entire Hollywood.