Chinese bankers are optimistic about future asset quality despite tougher capital standards and lower expectation of profit growth.
China's exports accounted for 11.1 percent of world trade during the first three quarters of 2012, up 0.6 percentage point.
Global institutional investors are waiting for the perfect time to pitch themselves into the Chinese mainland stock market next year.
As the end of the year is drawing near, Li Xuesong breathed a sigh of relief, for China's economy had finally bottomed out and began to rebound after a slowdown spanning seven seasons.
It is still hard to say how long the rebound will last. At the conference analyzing and forecasting China's economy and the book launch for the Blue Book on China's Economy in 2013 held on Dec 5, Li, Deputy Director of the Institute of Quantitative and Technical Economics at the Chinese Academy of Social Sciences, suggested the foundation for economic recovery was still weak and uncertain. "It depends on international economic factors and domestic economic policies," said Li.
Although China's inland areas are catching up in economic growth, they are warned not to blindly follow the coastal region's path.
The manufacturing industry's demand for new employees shrunk by more than 20 percent year-on-year in the first three quarters of this year.
"Christmas is coming and the geese are getting fat. Please put a penny in the old man's hat." It's the opening two lines of a traditional Christmas ditty but in this instance it is symbolic of what's happening in the world: The old man is China and what he needs is more domestic consumption.
The good news at a time of year that celebrates the birth of Christ, also known as Jesus and the Messiah, is that China has latched on to this festive season as yet another way of luring customers into shops and opening wallets and purses.
Increased domestic consumption will play a fundamental role in economic development, and opportunities from urbanization will be a main driver in this process.
Sluggish orders for Christmas products from overseas buyers have forced a growing number of Chinese manufacturers to focus on the domestic market.
China will continue to make the growth of domestic demand a top priority to keep growth momentum on track in 2013, the country's top economic planner said on Tuesday.
"The fundamental role played by consumption in bolstering economic growth needs to be strengthened, while the critical role played by investment should be well implemented," said Zhang Ping, minister of the National Development and Reform Commission, at its annual work conference.
The Chinese stock market endured one of the world's worst performances this year despite the country's leading economic growth rate.
Many people assume the Chinese rich own gigantic villas, keep a horse or two and collect luxury watches or art but a new survey shows their favorite purchase trends to be leather goods and automobiles.
According to the latest report by Robb and Ipsos, a Paris-based research company, the top two products accounted for about 20 percent of Chinese millionaires' total consumption over the past year.
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