Plan to build roads, railways, ports and other infrastructure abroad to create demand for industrial exports

Chinese president launches diplomatic drive amid waning US influence in the country

Investors worry that the current rally could stall

Established bank’s president says newcomer years away from parity in resources or potential impact

China's most fundamental revamp of public finances since the early 1990s is likely to benefit Chinese sovereign creditworthiness over time, says a report by credit rating firm, Standard & Poor's Ratings Services. "The ability of provincial governments to issue domestic bonds could reduce the risk of contingent liabilities to the central government from the banking […]

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Shanghai-based e-commerce service provider Baozun Inc. has filed for an initial public offering in the U.S., proposing to raise as much as US$200 million, according to a regulatory filing. Details of the IPO have not been determined. Founded in 2007, Baozun received investment from a series of investors from 2009 to 2012. As a result, […]

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Consumer complaints during the first quarter of 2015 for Internet shopping increased by 174.4% year-on-year to 24,100 cases, according to statistics published by State Administration for Industry and Commerce of China. The State Administration revealed that China's nationwide industry and commerce administrative units received a total of 1.701 million consumer complaints, reports and inquiries in […]

China's central bank announced a 100 basis points cut in the bank reserve requirement ratio (RRR) yesterday, which means some monetary easing, but does not necessarily amount to stimulative measures, says a research report by UBS AG. The RRR cut will certain increase liquidity provision, but it serves largely to offset the drop in forex […]

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Shanghai-based online rebate and flash sale firm Fanli Inc. has completed an undisclosed series C financing round led by Japanese electronic commerce and Internet firm Rakuten, Inc. at a valuation of US$1 billion, according to a company announcement. Rakuten has taken a less than 10% stake in Fanli. Kevin H. Johnson, CEO of Ebates, a […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

The Internet has expanded into so many areas of Chinese life, and with that infusion has come more complaints from netizens over standards of service. Consumer complaints during the first quarter of 2015 for Internet shopping increased by 174.4% year-on-year to 24,100 cases, according to statistics published by State Administration for Industry and Commerce of […]

Chinese lifestyle service platform 58.com announced a merger with its classified information listings competitor Ganji.com. According to the agreement, 58.com will acquire an approximately 43.2% fully diluted equity stake in Ganji.com for a combination of share consideration and cash, including approximately 34 million newly issued ordinary shares and USD412.2 million in cash. Meanwhile, the two […]

Multinationals expected to more than double number of renminbi transactions over next five years