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PREMIER WITH A MISSION

Premier: Industries are fertile soil for innovation

Premier Li noted that the success of the Haier Group proves that industries can also be the fertile soil that cultivates mass entrepreneurship and innovation.

Premier Li Keqiang welcomes innovators

Premier Li said the door will always be open to talent and innovators irrespective of their nationality or color during the National Mass Entrepreneurship and Innovation Week.

Premier: No hard landing for Chinese economy

China contributed around 30 percent to world economic growth during the first half of this year, Premier Li Keqiang said.

KEY INDICATORS

China’s urban unemployment rate slightly up

The registered-unemployment rate in China’s cities stood at 4.05 percent at the end of September, slightly up from 4.04 percent in June, official data showed on Oct 27.

China cuts RRR, interest rates

The central bank said it will cut the reserve requirement ratio (RRR) of banks and benchmark interest rates starting Oct 24.

China’s property market continues to pick up

China’s real estate sector continued to recover in September, with new home prices in an increasing number of surveyed cities registering month-on-month rises.

INSIGHT

Medium-to-high growth era is here

With a new round of reform and opening-up, and transition and upgrades, China’s economy is entering a new period.

Fundamentals of economy unchanged

The fundamentals of a steadily growing economy have remained unchanged, Xiao Xiao, an analyst with the Academy of Macroeconomic Research.

Economy promising on steady track

GDP growth in third quarter should be viewed in context, as economy is running on a stable track boosted by new drivers.

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GLOBAL PERSPECTIVE

Economic downturn ‘vastly overstated’

China’s economic downturn is less a sign of catastrophe than of the long-awaited shift to a market economy model.

World sees China’s outlook as positive

Foreign media and organizations say economy is still generating new drivers and that policy regulation is “under control”.

Chinese economy garners confidence

Leaders of the world economy remain optimistic about the global growth outlook despite capital market fluctuations.

UN economist: China key to global economic recovery

China has always been one determining factor in the global economic recovery, a senior UN economist said.

China’s economy unlikely to have hard landing: WEF

A hard landing of the Chinese economy seems unlikely, according to a report by the World Economic Forum.

Chinese economy will grow 7%: OECD expert

The OECD China economy expert Margit Molnar has said she is confident that Chinese economic growth would be around 7 percent in 2015.

WORLD MEDIA VIEW

China’s economy expanded quicker than economists forecast in the third quarter as the services sector propped up the world’s second-largest economy.

Even in slowdown, China continues to grow at a pace that other major economies envy.

The real estate sector is now recovering modestly, with property sales growing 7.5 percent in the year to September.

IN FOCUS

  • Focus on the economy in the first half
  • 2015 first quarter statistics
  • New normal, steady growth