• Logistic sector's revenue soars 6.9% in 2014

    Revenue in China's logistic sector surged 6.9% last year as online retail sales in China continued their massive boom, government data has shown. For 2014, total revenue of the country's logistic sector reached Rmb7.1tr (USD1.16tr) with the total value of goods transported reaching Rmb213.5tr (USD34.47tr), a 7.9% rise. However, the data, jointly released by the National Development and Reform ...

    17-Apr-15More »
  • IMF and World Bank willing to cooperate with AIIB

    World Bank President Jim Yong Kim said he expects the WB to work closely with the China-led Asia Infrastructure Investment Bank (AIIB) in meeting the infrastructure needs of developing countries. Christine Lagarde, managing director of the International Monetary Fund (IMF), also said she welcomed the AIIB and announced that the IMF was planning to cooperate with the Chinese-led initiative. The...

    17-Apr-15More »
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