Reserve requirement ratio cuts to boost China's real economy

Reserve requirement ratio cuts to boost China's real economy

The Chinese central bank's recent decision to lower the level of cash that lenders must hold as reserves will help channel funds into the real economy, economists have said.

Macro

China's consumption market to maintain stable growth in 2019

China's consumption market to maintain stable growth in 2019

Consumption is expected to remain the largest contributor to China's economic growth in 2019, a Ministry of Commerce (MOC) official said.

In-depth

Companies

Baidu's 2018 business revenue tops 100 bln yuan

Baidu's 2018 business revenue tops 100 bln yuan

Chinese search engine and artificial intelligence (AI) giant Baidu raked in over 100 billion yuan (14.55 billion U.S. dollars) in 2018, the company's CEO announced Wednesday.

DiDi launches nationwide financial services

DiDi launches nationwide financial services

Chinese ride-hailing firm Didi Chuxing has ventured beyond ride-sharing and into financial services as the company is trying to diversify its businesses.

China's top liquor brand Moutai's net profit surges in 2018

China's top liquor brand Moutai's net profit surges in 2018

China's leading liquor maker Kweichow Moutai said Tuesday its net profit had seen a 25-percent rise in 2018.

010020070750000000000000011200000000000000