People's Bank of China (PBOC) deputy governor Hu Xiaolian has been appointed the chairwoman of Export-Import Bank of China and its Communist Party chief, in the latest reshuffle in the top echelons of the country's central bank.
The People's Bank of China rate cut in November last year hasn't made it easier for small enterprises to borrow money, with interest rates on some small loans as high as 20 percentage points above the benchmark, according to a logistics firm that's connecting customers with good credit to banks or small loan companies for loans.
A strong US dollar, weak oil prices and capital flowing back to the United States will make it more difficult to invest internationally this year, says sovereign wealth fund China Investment Corp (CIC).
Luxury apparel brands are launching online stores on Tmall amid falling demand on the mainland as the country's luxury consumption is expected to decline this year for the first time in a decade.
The mainland's high-speed rail has a promising initial traffic, the World Bank said in a paper, praising the world's fastest expanding high-speed rail system again.
A report on Hong Kong's port development commissioned by the government found that the city has been facing more competition from other south China ports.
"There are so few visitors and I don't want to pay the rent," says Du, a shoe seller who rents a store of about 30 sqmetres in a gigantic new trade centre on the southern outskirts of Zhengzhou, the capital of Henan province.
A move by the European Union's top executive body to disclose the details behind an air cargo cartel that prompted it to fine 11 airlines will make it easier for logistics companies to press for damages.
German railway operator Deutsche Bahn is seeking damages of about US$2.5 billion from more than a dozen airlines, including Cathay Pacific Airways, arising from lawsuits that allege the carriers engaged in cargo cartels.
Exports grew strongly in China and India in the third quarter of the year but slowed in other major economies, according to international trade statistics from the Organisation for Economic Cooperation and Development.
A Wenzhou-based private commercial bank could launch before the end of the year, according to a financial newspaper that quoted anonymous sources.
The bullish mood on the stock markets after the mainland's first cut in interest rates in more than two years spilled over into the land market yesterday, with a Guangzhou developer paying 6.45 billion yuan (HK$8.1 billion) for a site in the city.
China has secured its biggest overseas engineering contract with a deal worth almost US$12 billion to build a railway in Nigeria.
SF Express, the largest private express logistics company on the mainland, is mulling whether to expand full logistics services to Europe and aims to increase its cargo aircraft fleet to 100 planes by 2018 from 36 now.
The mainland has approved construction of five railway projects worth 152.7 billion yuan (HK$192.4 billion), the National Development and Reform Commission said, taking the number of railway projects approved since July to 21.
A survey has shown that companies in Hong Kong that ship goods by air are cautious about the outlook for shipments in the fourth quarter, the traditional peak season, owing to declining orders from Europe and weak demand for luxury goods.
China CNR Corp and CSR Corp, the country's two biggest train makers currently discussing a merger, are likely to combine their overseas assets and projects into a joint venture to focus on global expansion.
Mexico cancelled a US$3.75 billion rail contract awarded to a Chinese-led consortium amid an outcry over the tender process, casting a shadow over President Enrique Pena Nieto's state visit to China.
