2 Chinese executives get life sentence for $7.6 billion Ponzi scheme

Two executives of the Chinese peer-to-peer lender Ezubao who directed a large Ponzi scheme were sentenced to life imprisonment by a Beijing court on Sept. 12. Ezubao, the online peer-to-peer lending platform, shut down last year after raising more than 50 billion RMB ($7.6 billion) from about 900,000 investors. Ding Ning, Ezubao’s founder and chairman … Continue reading 2 Chinese executives get life sentence for $7.6 billion Ponzi scheme

Total fertility rate in China hits over 1.7 in 2016: watchdog

(Chinanews.com/Liu Mengxuan) The number of newborns in 2016 hit 18.46 million and the total fertility rate reached over 1.7 as the country’s two-child policy took effect, according to a statistics bulletin released by China’s National Health and Family Planning Commission on Aug. 21, China News reported. Statistics shows that 18.46 million babies were born in … Continue reading Total fertility rate in China hits over 1.7 in 2016: watchdog

China’s Engel’s coefficient stands at 30.1%, close to UN well-off line

China’s Engel’s coefficient in 2016 stood at 30.1%, down by 2.9% over 2012, said Ning Jizhe, head of the National Bureau of Statistics (NBS) at a press conference held by the country’s State Council Information Office on Oct. 10. According to Ning, the figure is close to the well-off line of 20 to 30 percent … Continue reading China’s Engel’s coefficient stands at 30.1%, close to UN well-off line

Chinese economy experiences profound structural changes over past 7 decades: report

A worker operates a robot in a company producing electric mechanical products in Langfang, Hebei province. (Photo/Xinhua) Since 1949, China has gone through profound changes in its industry and demand structures and substantially promoted its economy, according to a report issued by the country’s National Bureau of Statistics (NBS) earlier this month. The added-value of … Continue reading Chinese economy experiences profound structural changes over past 7 decades: report

Human talents in China hit 175 million

The nation human talents hit 175 million after steady growth in recent years, according to statistics released by China’s Ministry of Human Resources and Social Security and National Bureau of Statistics, People’s Daily reported on Aug. 31. Statistics shows that the number of human talents in China accounts for 15.5 percent of all human resources, … Continue reading Human talents in China hit 175 million

China’s investment in Belt and Road countries warms up in Q1

China’s investment in the Belt and Road countries continued to rise in the first quarter of 2017, despite an overall decrease in the country’s outbound direct investment. In the first three months of 2017, Chinese enterprises invested $2.95 billion in the non-financial sectors of 43 countries along the Belt and Road route, accounting for 14.4 … Continue reading China’s investment in Belt and Road countries warms up in Q1

World population to reach 9.8 billion in 2050, leading to further environmental pressure

By World Population Day this year, which fell on July 11, the population on earth had reached somewhere between 7.5 and 7.6 billion people. According to a report released by the United Nations (UN) last year, the world population is expected to reach 9.8 billion in 2050, and then 11.2 billion in 2100. The report, … Continue reading World population to reach 9.8 billion in 2050, leading to further environmental pressure

China’s cultural exports hit $90 billion in 2017: Ministry of Commerce

China exported $88.19 billion worth of cultural products in 2017, up 12.4% year on year, a spokesperson for the Ministry of Commerce said at a news conference on Feb. 8. The import of cultural products stood at $8.93 billion, down 7.6%. The surplus expanded by 15.2% compared with a year earlier, reaching $79.26 billion. Over … Continue reading China’s cultural exports hit $90 billion in 2017: Ministry of Commerce