China Digest

Economics and policy from China’s newspapers

Wednesday October 11, 2017

Traffic increases 13.56% during ‘Golden Week’ holidays

China’s national toll highways record a traffic total of 335 million users during October’s “Golden Week,” an eight-day national holiday in China aimed at boosting domestic consumption and tourism, Yicai.com reported, citing data released by the Ministry of Transportation.

Stock market rumors ‘must be severely punished’

The China Securities Regulatory Commission (CSRC) announced on Monday that prevailing stock market rumors “pose great harm on market stability,” and, “must be severely punished” if they proved to be unfounded, Yicai.com reported.

JD.com launches luxury e-commerce platform ‘Toplife’

JD.com, China’s largest retailer, announced on Tuesday the launching of Toplife, an online shopping platform for high-end global brands, Caixin reported.

Suishou Tech raises US$200 million from KKR equity fund

Shenzhen Suishou Technology Co. Ltd., a mobile personal finance service provider, raised US$200 million from the private equity platform KKR, a New York-based investment firm.