On Aug 20, the State Council approved plans to establish the nation's fifth State-level development zone in Lanzhou, the capital city of Northwest China's Gansu province.
The global financial crisis has demonstrated that financial education, along with a well-capitalized and well-supervised financial system, is of critical importance not only to the economic welfare of households, but also to the better efficiency and functioning of financial markets, even to financial stability as a whole. Therefore, in recent years, financial education has gradually come into the limelight in both developed and developing countries.
China's import scale expanded 22 percent as an annual average during the last decade, Vice Minister of Commerce Zhong Shan said at the China Import Forum 2012 on Friday, adding that there is great potential for further growth ahead.
From 2002 to 2011, China's annual import value jumped from $295.3 billion to $1.7 trillion, taking up to 9.5 percent of the world's total imports value, a sharp increase from the 4.4 percent recorded in 2002, according to Zhong.
China cannot stand still. The new leaders must seek and embrace well-planned changes that encourage more growth and prosperity in China.
The dominance of the "Big Four" banks is unshakable in most parts of China - but in Guizhou, a largely underdeveloped province, they are still far behind a local market leader in inspiring loyalty.
Even combined, the deposits of the Big Four - Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd and Bank of China Ltd - are not much bigger than those of Guizhou Rural Credit Union, a credit cooperative which alone owns 21 percent of the province's total deposits of 1 trillion yuan so far this year.
As the owner of dozens of brands, including North Face, Lee, Wrangler and Timberland, VF sells a variety of clothes from jeans and outerwear to suits.
An index, started to track offshore yuan business, has shown that the currency's international use has grown more than seven-fold over the past two years.
In his keynote report to the 18th National Congress of the Communist Party of China, Hu Jintao, general secretary of the CPC Central Committee, made it clear that the Party now sees building China into a maritime power of pressing strategic importance.
Chinese buyers of European targets 'are likely to be challenged by different management cultures'
Charlene Barshefsky, the chief US trade negotiator during talks in the lead-up to China's entry into the World Trade Organization in 2001.
Twenty percent of the Chinese population will be wealthy enough to be considered "affluent" by 2020, according to research by the management-consulting company Boston Consulting Group.
By then, 280 million people are expected to form the country's affluent class, wielding $3.1 trillion a year of purchasing power, an amount equal to 5 percent of global consumption, the company said.
It defined people who have an annual household disposable income of $20,000 to $1 million as affluent.
Domestic consumption and industrial restructuring can sustain country's future economic development
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