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Alibaba aims to become world's fifth largest economy by 2036

06-26 13:46

Not a lot of people had heard of Alibaba Group Holdings Limited (BABA) as recently as five years ago. Now the Chinese e-commerce behemoth seems to be everywhere, and according to its founder, it is poised to become the world's fifth largest economy by 2036.【MORE+】

China May output, retail sales steady but investment cools

06-20 11:13

China's factory output and retail sales grew at a steady pace in May but investment slowed.【MORE+】

China's industrial output growth holds steady

06-16 11:50

China's economy in May showed some success for Beijing in its bid to prevent growth from declining too rapidly in an important political year.【MORE+】

Alipay reaches U.S. payments deal

06-13 11:18

Ant Financial's Alipay service has inked a deal with U.S. payment processing services provider First Data Corp to allow Alipay users to purchase from more than four million American vendors.【MORE+】

Vietnam is losing economic ground to China due to lack of high-skilled workers

06-08 15:04

The lack of more skilled labor in Vietnam has become an increasingly obvious barrier to growth in value-added exports such as high-tech goods, which require advanced studies for mastery.【MORE+】

Yuan strengthens to almost 7-month high

06-02 16:19

The yuan surged to a near seven-month high yesterday, following news that China was mulling a new yuan pricing formula to enhance stability.【MORE+】

Yuan-dollar formula facing change

05-31 11:30

China plans to change a formula for forming the yuan-US dollar central parity rate, a move to ensure stable exchange rates at a time when global financial markets remain beset by instability.【MORE+】

Chinese banks join global payment format

05-26 14:43

An additional 11 Chinese commercial banks have joined a global payments innovation (gpi) initiative to offer faster, more transparent and traceable cross-border payments for Chinese companies.【MORE+】

Asia-Europe marine container shipments notch new record

05-19 11:04

The volume of marine shipping containers sent from Asia to Europe has reached an all-time high for January to March this year, with healthy European private consumption driving the growth. 【MORE+】

China economic growth takes another step back

05-16 10:06

China's economic activity weakened more than expected last month.【MORE+】

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