China Digest

Economics and policy from China’s newspapers

Friday October 6, 2017

Guangzhou eyes business-tourism-culture complexes

The Commerce Committee of Guangzhou city in Guangdong province has chosen nine areas for the integrated development of business, tourism and culture, with the aim of building up three to five landmark complexes by 2020, the 21st Century Business Herald reported.

China sees a tourism boom during ‘Golden Week’

Chinese travellers have made 461 million trips and spent 385.6 billion yuan (US$58 billion) over the first four days of Golden Week, an increase of 11.4% and 13.6% from a year earlier, respectively, the 21st Century Business Herald reported.

China reaffirms tough stance on digital currencies

China’s Xinhua News Agency has published an editorial piece taking a tough stance on digital currencies, calling for further regulations to curb hidden risks, and even criminal action on virtual trading platforms.

Hebei Construction to raise capacity for Xiong’an projects

Hebei Construction Group, based in Baoding city in northern China’s Hebei province, plans to boost its construction capacity by five times to meet the rising demand from development in Xiong’an New Area, which is supported by the central government.