Of 26 provinces that have released their latest economic data, 24 posted an increase in GDPgrowth in the second quarter, while stable growth remained a major priority for the latter half ofthe year, reported Shanghai Securities News. Chongqing municipal and Guizhou province are the only two that reported a double-digit year-on-year growth in the first six months, 11 percent and 10.7 percent respectively. Anhui and Shandong province saw their latest growth rate in line with the first quarter. Liaoning province, ranked at the bottom, grew 2.6 percent in the first half of the year. Its full-yeargrowth target was 6 percent. Beijing and Shanghai municipals reported a 7 percent growth with better-poised economicstructure, said the newspaper, as finance, information and technology services contributed to73.7 percent of the capital's GDP growth. Economic powerhouse Guangdong province grew 7.7 percent in the first half of the year, up fromfirst quarter's 7.2 percent. China's GDP expanded 7 percent year-on-year in the second quarter, earlier data from theNational Bureau of Statistics showed, remaining unchanged from its first-quarter. The nation's economic slowdown is likely to grind to a halt by the end of this year or the first halfof 2016, and the GDP growth rate will stay around 7 percent, according to Xinhua citing LiDaokui, director of Tsinghua University's Center for China in the World Economy, on Thursday. about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com

China's decision to allow the renminbi to trade in a wider range against the US dollar will helpboost exports and improve use of the currency globally, experts said. On Friday, the State Council released a policy document, which indicated that the flexibility of therenminbi exchange rate would be enhanced to keep it stable and at an adaptive and balancedlevel. It, however, did not provide a timing or scope for the potential adjustment. Wang Shouwen, vice-minister of commerce, said the steps seek to improve the exchange ratemechanism and expand the scale of yuan trade settlements. Currently, a number of countriessuch as the United States, the United Kingdom and Japan use the exchange rate as an importanttool to boost exports. Most of these countries have allowed their currencies to devalue, which inturn has led to a sharp appreciation of the renminbi and seriously affected China's exportcapabilities. The real effective exchange rate of the renminbi appreciated by 6.4 percent on a year-on-yearbasis in 2014 and rose by 4.2 percent in the first quarter of this year, according to a foreign tradereport published by the Beijing-based Chinese Academy of International Trade and EconomicCooperation in June. As China's foreign trade already accounts for a sizable chunk of global trade, the nation may findit difficult to enhance its share further, the report said. China's exports may see medium or low growth and experience more frequent and strongerfluctuations, and become more vulnerable to impacts from short-term factors like exchange rateswings and dwindling demand. "Relevant financial institutions will be encouraged to develop more suitable exchange ratehedging tools for the development of the&...

BEIJING -- Multiple economic indicators in recent months suggest the Chinese economy is overthe worst as pro-growth and reform measures take effect, according to the National Bureau ofStatistics (NBS). "Positive changes are occurring due to government policies and reform measures," according toSheng Laiyun, NBS spokesperson, who made the remarks in an interview hosted on thebureau's website on Monday. Sheng said that improvements in industrial output, fixed asset investment, and expandingconsumption indicated an economic upturn. In May, industrial value-added output picked up pace and grew 6.1 percent year on year, up 0.2percentage points from the previous month;while urban fixed asset investment increased 9.9percent, also up compared to 9.6 percent in April; and sales of consumption goods expanded10.1 percent in May, up 0.1 percentage point from April. The economic structure has continued to improve with high-tech sectors reporting increasingweight in industrial output, and the services industry is seeing faster investment growth, Shengsaid. Meanwhile, structural reforms are boosting the private sector, which has reported faster industrialoutput growth. The Internet Plus strategy, the nation's digital drive, led online shopping salesvalue to grow 39.3 percent year on year in May. The tentative upturn comes as major data is due, including GDP growth, for the second quarteron July 15. The spokesperson said multiple factors will be able to extend these positive changes into thelatter half of the year, including a warming real estate market. Sales value of commercialproperties rose 3.1 percent year on year in the January-May period, reversing a 3.1-percent fallfor January-April, he said. Meanwhile, easier access for private investment in&...

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It's time again for the world to listen to "Queen of the Net", said Mary Meeker, who's now with theventure capital firm Kleiner Perkins Caufield & Byers, about the 2015 Internet trends. She specially pointed out in the report that China's smartphone maker, Xiaomi, witnessed aglobal shipment rise of 227 percent year on year in 2014 and became the leader in smartphoneshipment in the Chinese market. Let's look at the ten largest public Internet companies ranked by market capitalization as of May2015. No 10 Salesforce.com about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com  

 China will likely take a 25-30 percent stake in the Asian Infrastructure Investment Bank (AIIB) and India is likely to be the second-largest shareholder, delegates attending a meeting of the bank's founding members said on Friday.  China's share in the $100 billion lender will be less than 30 percent, an Asian delegate attending the meeting in Singapore told Reuters.  A second delegate said India's share will be between 10 to 15 percent. Both spoke on condition of anonymity.  In all, Asian countries will own between 72-75 percent of the bank, while European and other nations will own the rest.  The three-day meeting is aimed at finalising the draft of articles of agreement that would decide the share of member countries and the bank's initial capital.  A third delegate said the talks have ended and now each country representative would take the proposals back to their governments for a final decision.  The constitution for the AIIB will be signed by founding members in Beijing in late June this year, according to the meeting. Based on the constitution, the AIIB is expected to be set up by the end of this year.  There was no immediate comment from the AIIB or Chinese officials on the discussions in Singapore.  A total of 57 countries have joined AIIB as its prospective founding members, throwing together countries as diverse as Iran, Israel, Britain and Laos.  The United States and Japan have stayed out of the institution, seen as a rival to the US-dominated World Bank and Japan-led Asian Development Bank, citing concerns about transparency and governance - although Tokyo for one is keeping its options open.  AIIB's expected launch next year is coming at a time when the space for infrastructure lending is already crowded due to the presence of major multilateral lenders and Japan's latest move to provide $110 billion for Asian infrastructure projects.  The amount of Japanese funds, to be invested over 5 years, tops the expected $100 billion capitalisation of the AIIB.  about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com  

 Alibaba Group Holding is poised to overtake Walmart later this year as the world's biggest retail platform, said Daniel Zhang Yong, chief executive officer of the e-commerce behemoth, reported TMTPost. The goal includes achieving more than $1 trillion gross merchandise value (GMV) in five years, while developing more infrastructural platforms to empower businesses in the future, said the new CEO in an internal meeting on Wednesday, three days after he replaced Jonathan Lu. The change of leadership was announced earlier this month as Alibaba released its better-than-expected first-quarter results. Revenue of the Internet giant surged 45 percent in the three months through March. It's critical to achieve the sales target while retaining a thriving ecosystem, said Zhang, adding that mechanism should be improved to tackle issues such as counterfeits and bogus transactions among Taobao vendors who wished to boast sales volume to gain prominence. "Behind the $1 trillion target, the other is our new businesses apart from ecommerce, where we need more resource allocation, focus and new breakthroughs," said the 43-year-old CEO, according to the news. Cloud computing is a first, said Zhang, adding that cloud computing will serve as the engine in the new economic era, empowering all businesses to better serve consumers and improve productivity. Zhang joined Alibaba as chief financial officer of Taobao Marketplace in 2007 and acted as COO since 2013. about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com  

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