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The Fed voted Wednesday to cut its $85 billion in monthly bond purchases by $10 billion, starting in January.

The Shanghai municipal government plans to build two or three highly-efficient asset management companies, 5-8 multinational groups as well as 8-10 influential domestic corporates.

Economists had expected the figure to be 50.9 and last month the final HSBC PMI stood at 50.8.

Xi and Li want reform to cover every area of economic and social development.

China completed 1,015 M﹠A deals during the Jan-Nov period, 23.8 percent higher from the same period in the previous year

The central government and local government departments are likely to spend 2.5 trillion yuan in December, accounting for roughly 17.86 percent of total expenditure.

China's industrial output and investment growth cooled in November while retail sales unexpectedly picked up, presenting a mixed growth picture.

The meeting is set to review China's economic progress in 2013 and map out plans for 2014, an important year for carrying out a reform blueprint adopted last month.

Both Chinese and ASEAN-based companies are realizing the benefits of China’s Free Trade Agreement with ASEAN and we expect this trend to continue and develop fast over the coming years.

Gao Hucheng, Minister of Commerce, cited researches in saying that the number of Chinese 3G and 4G users is ready to break 500million by 2015

A 7.8 percent growth could be obtained if all the recently proposed reform initiatives are carried out and the global market shows a more robust recovery.

"The success of the Shanghai free trade zone is in the best interest of Hong Kong," said Patrick Cheung, a partner at Deloitte China.

The surplus was $33.8 billion,nearly a five-year high thanks to surging export order and a recovery in global economy.

Exports jumped 12.7 percent from a year ago for the world's second largest economy while imports added 5.3 percent year-on-year, putting trade surplus at a five-year high of $33.8 billion.

China's consumer price index rose a less-than-expected 3 percent in November from a year earlier.

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