China eyes $817 billion sports sector for new economy

 China plans to grow its sports sector into a 5-trillion-yuan ($817-billion) industry by 2025 to boost employment and domestic consumption in its "new" economy, the government said on Monday.

`China capable of tackling risks confronting its economy`

China is capable of tackling various risks confronting its economy with courage and wisdom to realise sustainable, healthy development in the long term, Premier Li Keqiang said.

Xi Jinping to take over as China`s Parliament opens

China`s new leadership headed by Xi Jinping is all set to take over power to succeed outgoing President Hu Jintao and his team during the two-week annual session of the National People`s Congress.

Chinese Premier says economic woes to continue

Wen said Chinese need to recognize the seriousness and complexity of the challenges the country faces.

State capitalism: The secret to China’s boom

Many observers would say that China’s embrace of capitalism since 1978, and especially since joining the World Trade Organization in 2001, has been responsible for its boom.

China economic outlook rosy

China`s central bank has said it had done a good job promoting eco growth and would keep implementing pro-growth policies.

US seeks action with China on economy

US Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner called Monday for far-reaching cooperation with China, saying the nations can help the world come out of economic crisis.