With Spring Festival just a month away, Chinese have already started their holiday shopping. 2015 is the Year of the Sheep, so expect to see flocks of rams, lambs… and even goats.
Beijing People’s Art Theater has recently brought “Uncle Vanya”, one of Anton Chekov’s most famous plays onto its stage in the capital. This is the fourth time the play has been staged in China, the first one being in the 1930s.
Elaborately depicted murals — created during the Yuan dynasty, some 700 years ago — have been found in a tomb in Hengshan county, north Shanxi Province.
On Jan. 13, 2015, the Chinese Foreign Ministry announced the good news that the China-financed Ebola Treatment Unit (ETU) in Liberia had discharged three Ebola patients after they had tested negative for the virus twice. Liberian president Ellen Johnson Sirleaf sent her thanks to China.
Since 1991, it has been a tradition for China’s foreign ministers to make Africa their first destination for official trips of the year.
The NBS’ data today showed just how China’s three pillars of growth — investments, foreign trade and consumption — performed in 2014. Fixed asset investments climbed 15.7 percent in 2014 from the previous year but the number was below forecasts. Growth speed in foreign trade also declined. Total volume grew just 2.3 percent last year on a decline in imports volume. Meanwhile, retail sales increased 11.9 percent in 2014 from a year earlier, exceeding analysts’ predictions.
Chinese mainland stock market itself does have some fundamental problems it needs to resolve. What happened Monday is a reminder that China’s capital market regulators do not see a frothy bull run as healthy.
China’s economy is in a new normal, and the annual economic data from 2014 is supporting the fact that the world’s second biggest economy is entering an era of slower growth.
Chinese shares closed higher on Tuesday following Monday’s slump.
China’s economy grew 7.4 percent in 2014, the weakest annual expansion in 24 years, but still in line with market expectations, as the country braces for a “new normal” of slower yet higher quality growth.