2017年CRI BRICS to overtake G7 economically in some 2 decades' time: economist

The former commercial secretary of the UK Treasury has predicted that BRICS will overtake the G7 economically by around 2035 if China stays on track. Jim O'Neill, who coined the acronym BRIC in 2001, says he's made the prediction based on the sheer s

2017年CRI Alibaba reportedly to build its own brick-and-mortar mall

Chinese e-commerce giant Alibaba is reportedly building its own brick-and-mortar mall in Hangzhou, where Alibaba's headquarters are located. The 5-story shopping center, called More Mall, is being built on a 40,000-sqaure-meter plot of land, and is s

2017年CRI Chinese yuan weakens against USD after 11-day rise

The central parity rate of the Chinese currency weakened against the U.S. dollar two days in a row after a relaxation of controls on capital outflows, ending a record 11-day rise. China is pursuing a prudent and neutral monetary policy in 2017, apply

2017年CRI China’s dockless Mobikes launched in London

Mobike, one of China's main bike-sharing companies, released a fleet of 750 dockless bikes in London on Tuesday, going head to head with its rival Ofo, which descended on the streets of the British capital only a week ago. London is Mobike's second U

2017年CRI Home mortgage rates in China rise again

China has recently raised interest rates for home mortgages. In August, the average interest rate for first-home mortgages was 5.12%, up 2.47% month-on-month. It was the eighth consecutive monthly increase this year. Some banks have even halted home

2017年CRI 8 Chinese cities step up housing tightening

8 big cities in China have rolled out further property tightening measures in the latest efforts to rein in housing price rises. Those second-tier cities have tightened housing controls since Friday, with most banning home sales within 2 to 3 years a

2017年CRI Chinese-backed invest firm set to purchase UK chip designer

Chinese-backed investment firm Canyon Bridge is reportedly set to buy UK technology firm Imagination. This came months after the British chip designer put itself up for sale in June, after its largest customer Apple announced it'll stop using its pro

2017年CRI 6 public fund companies get approval for FOF

6 public fund companies have been approved to conduct Fund of Funds (FOF) business in China. China Securities Regulatory Commission released the first batch of licensed public FOFs earlier in September. An FOF is an investment strategy of holding a p

2017年CRI China's trade with countries along B&R grows fast: GAC

New data shows China's goods trade remains sound and steady in the first three quarters of 2017. The same set of data suggests the country's trade with countries along the Belt and Road has grown faster than average, contributing a large share to tha

2017年CRI China remains top destination of foreign capital for 25 years

China remains top destination of foreign capital for 25 years The Chinese authorities say the country is attracting the most foreign investment among developing countries as it eases access for foreign capital. It's also reported that a growing numbe

2017年CRI JD.com to launch office-based automated food service concept

Chinese e-commerce giant JD.com is reportedly planning to launch an office-based automated food service concept targeting white-collar workers. The service, provided by the company's delivery business JD Daojia, would involve dedicated office areas w

2017年CRI Kevin Rudd on top concerns among Americans over China’s Belt and Road

The High-Level Dialogue on U.S.-China Economic Relations, co-hosted by the Asia Society Policy Institute and China Center for International Exchanges, kicks off in New York on June 14th , 2017. [Photo: China Plus/Zhao Xinyu] The U.S.-China economic r

2017年CRI Kenya and Tanzania step up port rivalry

Kenya and Tanzania step up port rivalry [Source: Railway Pro] Kenya and Tanzania are presently caught in a head-to-head race to become the most preferred transport hub amid massive expansion projects in sea ports, connecting railway and road networks

2017年CRI China' space telescope set to search for black holes, pulsars

China launches its first X-ray space telescope to observe black holes, pulsars and gamma-ray bursts, via a Long March-4B rocket from Jiuquan Satellite Launch Center in northwest China's Gobi Desert on June 15, 2017. [Photo: thepaper.cn] China launche

2017年CRI China steadily moves ahead in global innovation rankings

China is steadily climbing the world rankings for worldwide innovation. According to the latest Global Innovation Index, just released in Geneva in Switzerland, while Switzerland, Sweden, the Netherlands, the United States and the UK remain the world

2017年CRI The Juilliard School Breaks Ground in China on Its First Overseas Campus

Joseph W. Polisi, president of Juilliard The Juilliard School broke ground today on its first overseas campus, The Tianjin Juilliard School, marking a significant milestone in cultural and people-to-people exchanges between China and US. The Juilliar

2017年CRI The True Value of Business School Education: Dean of UVA Darden

Business schools in China have expanded rapidly since 2 decades ago.However, there's still a long way to go for domestic Business schools to compete with the likes of Wharton School of the University of Pennsylvania and UVA Darden. Both Chinese compa

2017年CRI Han, trio of guards stand out against South Africa

Ren Junfei during the game between China and South Africa at the BRICS Games in Guangzhou on June 19, 2017. [Photo: China Plus/Fu Yu] A sport event involving the five BRICS countries is continuing in Guangzhou. In the men's basketball, Du Feng has fo

2017年CRI BRICS seeks to promote interests of developing countries

Chinese Foreign Minister Wang Yi (front) addresses the opening ceremony of the Meeting of BRICS Ministers of Foreign Affairs in Beijing, capital of China, June 19, 2017. [Photo: Xinhua/Zhang Ling] Foreign ministers of the five BRICS nations are calli

2017年CRI Experts warn China needs to be vigilant of external impact on its economy

Sun Tao, former IMF senior economist [Photo: Yicai] China needs to be vigilant of the impact of external economic and financial fluctuations on its economy and finance, according tothe 2017 China Financial Risks and Stability report released by Yicai