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BEIJING - China's internet giant Tencent is betting on the country's smart transportation market, expanding its presence in fields ranging from subway QR code payment to bus hailing.

BEIJING - China's cabinet said Wednesday more work should be done to advance the restructuring of centrally-administered state-owned enterprises (SOEs).

BEIJING - China's State Council on Wednesday mapped out key tasks for economic system reform this year, stressing continued reform efforts to aid people's livelihood and prepare for the tough fight in ensuring employment.

BEIJING - China's central bank conducted 140 billion yuan (.5 billion) of seven-day reverse repos and another 130 billion yuan of 14-day reverse repos on Friday.

BEIJING - China's new yuan loans saw a stable increase last year as the financial sector stepped up efforts to support the real economy, particularly for small firms.