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      China Focus: Chinese economy ends 2016 on "positive note"

      China Focus: Chinese economy ends 2016 on "positive note"

      The Chinese economy ended on a positive note in 2016, with both the manufacturing and service sectors registering strong increases in business activities in the final month of the year, a private survey showed Thursday.

      Macro

      No need to panic over China's forex reserve drops

      No need to panic over China's forex reserve drops

      Despite continued drops in China's foreign exchange (forex) reserves, economists believe there is no need to panic as reserves are still abundant for the country to fend off external risks.

      Industry

      Companies

      Interview: Huawei ushers in era of intelligent phone -- business head

      Interview: Huawei ushers in era of intelligent phone -- business head

      The world's third-largest smartphone manufacturer Huawei, not satisfied with just making smartphones, is presenting the concept of an intelligent phone, its business head told Xinhua in an interview Friday.

      Alibaba pays more taxes in 2016

      Alibaba pays more taxes in 2016

      Alibaba and its financial branch paid a total of 23.8 billion yuan (3.41 billion U.S. dollars) in taxes in 2016, up 33 percent compared with 2015, the company said Tuesday.

      Baidu, CITIC approved to set up China's first independent direct bank

      Baidu, CITIC approved to set up China's first independent direct bank

      Chinese Internet giant Baidu has been approved to open a direct bank, finally joining its tech counterparts in offering banking services.

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