Biz China Weekly

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China promotes Asia-Pacific economic cooperation in spirit of reform, 
innovation

China is pursuing economic cooperation in the Asia-Pacific in the spirit of reform and innovation, and making efforts to help shape the region's bright future.

Industries

China's combined industrial profits rose 9.8 percent year on year in October, up from 7.7 percent in September, official data showed Sunday.

Financials

  • Chinese officials have repeatedly ruled out the possibility of sharp, sustained yuan depreciation against the dollar.

  • China's top online travel agency Ctrip.com International is to acquire flight comparison site Skyscanner for 1.4 billion British pounds.

In-depth

The FTAAP would reduce the fragmentation caused by separate, non-inclusive FTAs. By the end of 2015, 160 FTAs had been signed between APEC members.

While old engines such as manufacturing, real estate and exports lose steam, China has seen new growth drivers emerging.

China retired 45 million tonnes of steel and 250 million tonnes of coal production capacity by the end of October, meeting its full-year goals ahead of schedule.