The Chinese government continued to increase its efforts to combat environmental violations in 2016 with a total number of 137.8 thousand cases investigated and fines totaled 6.633 billion yuan on 124.7 thousand cases, a record high according to the Ministry of Environmental Protection. … [Read more...]
Economy of China: News About China Economy Growth
China to spend twice as much as the US on development research by 2018
China is expected to invest up to twice as much as the US, or US$658 billion (4.5 trillion yuan) in another five years, in the back end of R&D chain, focusing on translating basic and applied research into commercial products and new manufacturing processes according to BCG. … [Read more...]
China GDP grew faster than expected in Q1 2017
The gross domestic product (GDP) of China was 18,068.3 billion yuan (US$2,626.81 billion) in the first quarter of 2017, a year-on-year increase of 6.9% at comparable prices according to the preliminary estimates of National Bureau of Statistics of China. … [Read more...]
“Alibaba economy” to generate about 30% of all jobs in 2035
The “Alibaba economy” could generate about 122 million of the 415 million total jobs available in China’s digital economy or 29.4% of all the jobs in 2035 from today's 31 million jobs according to BCG. … [Read more...]
China has 249 billionaires, worth US$670 bn in 2016
There are 2,397 billionaires in the world, which represents a 3.1% decline in billionaire population in 2016, the first annual decrease since the global financial crisis according to Billionaire Census 2017 by Wealth-X. … [Read more...]
How China is tearing down walls of protectionism
The American election provided the world a sudden shake-up. And, as the dust settles, the fortitude of recently established global alliances and newly laid foundations for economic opportunities are emerging. Take China, for example. … [Read more...]
Top 10 provinces/municipalities in China by disposable income in 2016
China National Bureau of Statistics recently released data of the average personal disposable income per capita and consumption expenditure per capita in 2016. … [Read more...]
Top China Provinces/Municipalities by GDP in 2016
The top 6 regions by GDP in China remain the same in 2016 as compared to 2015: Guangdong, Jiangsu, Shandong, Zhejiang, Henan, Sichuan. … [Read more...]
Top 30 Chinese Export Brands 2017
Lenovo was ranked the most powerful Chinese export brand by WPP and Kantar Millward Brown, followed by Huawei, Alibaba, Elex and Xiaomi. … [Read more...]
China’s pet market overview 2016-2020
The pet economy in China has seen an average growth rate of 48% since 2010 and became a 98 billion yuan (US$14 billion) market in 2015 according to Carat. At the end of 2015, the number of pets in China has reached 100 million in total. … [Read more...]
China’s internet celebrity economy rising in 2016
China internet celebrities, often called Wang Hong, refer to those who become famous on the internet. They may catch people's eyes because of certain events or behaviors and earn followers and fans on social platforms. … [Read more...]
Tencent named the second most valuable brand in China
The World Brand Lab recently released "China's 500 Most Valuable Brands" report in Beijing, China. State Grid, Tencent, and ICBC ranked top 3 most valuable brands valued around 305.6 billion yuan, 287.6 billion yuan, and 274.8 billion yuan respectively. … [Read more...]
Top 30 Chinese Cities by GDP in 2015
China's gross domestic product (GDP) reached 67.6708 trillion yuan (US$10.2872 trillion) with an increase of 6.9% YoY in 2015. The growth rate hit a record low since 1990 according to National Bureau of Statistics. … [Read more...]
Over 20 Billion Packages Delivered in China in 2015
China Express Association recently announced that the number of logistic delivery packages reached 20.6 billion with an increase of 48% YoY in 2015. The peak daily processed packages reached 160 million. … [Read more...]
Bloomberg: China Ranked 22nd World’s Most Innovative Country
South Korea tops Bloomberg's 2015 ranking of the world's 50 most innovative countries ranking. The U.S. places the sixth, and China 22nd. … [Read more...]
China Jan 2015 PMI Down 0.3 Percentage to 49.8%
In January 2015, China's manufacturing purchasing managers index (PMI) was 49.8%, 0.3 percentage points lower over last month according to National Bureau of Statistics of China. … [Read more...]