Biz China Weekly

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IMF raises China growth forecast: 
Lagarde

The International Monetary Fund (IMF) increased its growth forecast for China in 2016 due to the country's "determined and decisive" implementation of reforms and the "steady" support for the economy.

Finance

Against all odds in a slack global economy, the New Development Bank (NDB) set up by the BRICS nations has proved progressive for the past year since its establishment.

Industry

  • China's property sector continued to recover but at a slower pace in June, with fewer cities reporting month-on-month rises in new home prices.

  • Figures released by CAAM show that green car production and sales reached 177,000 and 170,000 units in the first half of 2016.

In-depth

As many Chinese companies tackle excess capacity, one high-tech company in the southwestern city of Chongqing is facing the opposite problem.

GDP in the second quarter of 2016 grew year on year by 6.7 percent, the same as that of the first quarter and falling within the government's growth target of 6.5-7 percent.

Much remains vague concerning the European Commission's future anti-dumping actions, especially its treatment of China, which ranks as the European Union's second largest trading partner.