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.
Although 2013 turned out better than expected in many ways, risks still hang over the Chinese economy, with analysts warning that investment-driven growth cannot be sustained indefinitely.
China's Gini coefficient index declined for the fifth consecutive year in 2013 to reach 0.473, according to statistics provided by the National Bureau of Statistics.
Chinese clothing brands have reveled in the spotlight ever since Peng Liyuan, wife of President Xi Jingping, grabbed international attention by appearing in elegant dresses designed by homegrown brands during overseas trips last year.
When Hu Chengchu first heard the term "business and leisure" 13 years ago he says he had no idea what it meant.
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