China Focus: Chinese economy ends 2016 on "positive note"
The Chinese economy ended on a positive note in 2016, with both the manufacturing and service sectors registering strong increases in business activities in the final month of the year, a private survey showed Thursday.
Macro
No need to panic over China's forex reserve drops
Despite continued drops in China's foreign exchange (forex) reserves, economists believe there is no need to panic as reserves are still abundant for the country to fend off external risks.
Industry
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Chinese steel companies out of the red in Jan.-Nov. 2016
China's large and medium-sized steel mills reported profits of 33.15 billion yuan (4.77 billion U.S. dollars) in the first eleven months of 2016, according to the report of CISA.
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Digital economy to create 400 mln jobs in China: report
China's digital economy is predicted to create over 400 million jobs by 2035, a new report has said.
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Companies
Interview: Huawei ushers in era of intelligent phone -- business head
The world's third-largest smartphone manufacturer Huawei, not satisfied with just making smartphones, is presenting the concept of an intelligent phone, its business head told Xinhua in an interview Friday.
Alibaba pays more taxes in 2016
Alibaba and its financial branch paid a total of 23.8 billion yuan (3.41 billion U.S. dollars) in taxes in 2016, up 33 percent compared with 2015, the company said Tuesday.
Baidu, CITIC approved to set up China's first independent direct bank
Chinese Internet giant Baidu has been approved to open a direct bank, finally joining its tech counterparts in offering banking services.
