Biz China Weekly

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China's economy steadies on slower growth, better structure

Fresh data added to evidence that China's economy was heading for a slower but steadier growth as the country endeavored to sustain sound development while defusing risks.

Finance

The State Council, China's cabinet, on Wednesday made public a series of measures for ensuring the steady growth of foreign investment.

Industries

  • China's property market continued to show signs of cooling as home prices faltered or posted slower growth in major cities following tough purchase restrictions.

  • China's coal producers posted higher profits in the first half of this year as the country made progress in reducing capacity in the bloated industry.

Companies

China has more than 10,000 accredited green food companies producing more than 26,000 types of products, latest statistics showed.

China's bike-sharing company Ofo has launched services in Seattle, after acquiring the permission from local authority, according to a company press release on Friday.

French girl Sarah Bousquet will start her first job in China by the end of August. When asked how she would keep contact with relatives and friends at home, she said WeChat can help.