The government's anti-corruption and frugality campaign has been cited as one of major factors dragging down growth in the country's luxury goods market.
"According to the provincial data that have been released so far, the risk from local government debt is still generally under control. These disclosures, which are a first, offer much more clarity for investors who want to invest in specific regions."
Lu Gaochao is proud to claim that he works with the soul of Gabon: its forests. He logs a section of forest his company bought, and now and again he comes across tribes who have lived there for hundreds of years and who have never had contact with the outside world.
Dominance of the US dollar targeted by former World Bank chief economist
China's yuan is expected to continue to appreciate this year, but at a slower pace, economists forecast.
A twin degree in law and business helped Till Reuter secure jobs in investment banks and law firms over the decades. But to oversee a robotics company, Reuter needs to have a special winning formula.
How do you spend your weekends with your busy schedule?
Since China Minsheng Bank Corp became the first private bank in 1996, the government has not approved any others, although it has allowed a small amount of private capital to be invested in commercial banks. This will soon change as the government opens up the financial sector to private enterprises.
The dramatic push into Internet finance this year has opened up a revolutionary means of financing other than resorting to the capital market or conventional banks. It heralds an era in which all market participants can borrow and lend directly on the Internet with few information barriers.
China's economy will maintain stable and moderate growth momentum in 2014, the Year of the Horse, the country's top statistician said.
The economy grew more balanced last year, with the service sector and inland regions playing a bigger role and the urban-rural income gap narrowing, as the government worked to improve the quality of growth.
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