BEIJING - The China Economic Information Service (CEIS), affiliated with Xinhua News Agency, was formally established in Beijing on Tuesday.

Major economic information providers are all supported by news agencies, said Xinhua President Cai Mingzhao, adding Xinhua has natural advantages in developing an economic information business.

The CEIS is an integration of several Xinhua departments which used to be part of the economic information service.

The CEIS is committed to providing quality economic information to its clients worldwide.