China's financial sector to open wider: official

China's financial sector will continue to open wider and the country is committed to creating a market-oriented, law-based and international business environment to support foreign institutions to participate more comprehensively ...

China's policy package expected to help drive 'V-shaped' recovery in Q4; annual targets expected to be met: economist

China has recently introduced a set of incremental policy measures aimed at stabilizing growth, expanding domestic demand, and mitigating risks. These policies are not only focused on addressing current challenges ...

Popularity of made-in-China goods shows protectionism would hurt Western shoppers

Consumers are typically most concerned with the price and quality of goods. It should be up to consumers, not protectionist trade policymakers, to decide which products to purchase. At the ...

GT Voice: G20's push to eradicate hunger, end poverty requires joint effort

Through a combination of policy guidance, financial assistance and technological collaboration, China actively fosters global agricultural development, making contributions to poverty alleviation.

Youth unemployment rate hits 3-month low in Oct, hinting at recovery

China's youth unemployment situation improved in October compared with the previous month, with the rate for those aged 16 to 24 (excluding students) hitting a three-month low. An expert said ...

China to roll out pragmatic measures attracting foreign investment: CSRC

China's top securities regulator said on Monday that the authority is launching a new round of reform and opening-up of the capital market, as more measures will be rolled out ...

China's BYD becomes first automaker in the world to deliver 10 million NEVs

Chinese automaker BYD delivered its 10-millionth new-energy vehicle (NEV) on Monday, marking the first time any automaker worldwide has achieved this milestone, the company announced on Monday.

Shanghai scraps residential housing distinction, easing transaction burdens to boost home sales

Shanghai on Monday further relaxed its real estate policies, eliminating distinction between ordinary and non-ordinary homes and expanding tax incentives for property transactions, in an effort to bolster the real ...

China's annual parcel volume hits new record high of 150b year-to-date, reflecting vigor and vitality of nation's consumer market

China's parcel delivery sector has broken another record, handling more than 150 billion parcels as of Sunday this year and surpassing the total volume for last year, official data showed ...

Construction of China-Russia east-route natural gas pipeline complete, to shore up energy supply in East China

Construction has been completed on the China-Russia east-route natural gas pipeline, a vital energy corridor for China, and the facility is in its final commissioning phase, the National Oil and ...

Yiwu-Madrid freight train service marks 10th anniversary, strengthening trade connectivity between China, Europe

On Monday morning, a China-Europe freight train loaded with 110 containers of daily necessities, auto parts, and machinery equipment departed from Yiwu, China's small commodity hub in Zhejiang Province, for ...

Groundless 'EV graveyard' hype smears orderly devt of sector in China

At a time when China's NEV industry has just set a new annual production record, old photos are being dug up again, using groundless and misleading reports about "EV graveyards" ...

GT Voice: Lancang-Mekong Visa reflects deepening win-win cooperation

China has deepened cooperation with the other five Lancang-Mekong countries, enhancing trade and investment, improving customs efficiency and promoting people-to-people exchanges. These efforts have made a positive contribution to the ...

COP29 showcases China's progress in green transition

As the COP29 enters its second week in Baku, Azerbaijan, China's commitment to emission reduction and global cooperation in the joint response to climate change has been in the spotlight, ...

China-Latin America cooperation in new energy holds great potential: business leaders

China and Latin America have great potential for cooperation in the green and new-energy sectors, as China's advanced new-energy technologies and products match the region's emerging need for clean energy ...

Chinese AI start-up unveils latest reasoning model comparable to OpenAI o1 series

Artificial general intelligence start-up Kimi, owned by Chinese AI start-up Moonshot AI, on Saturday launched its first reasoning AI model k0-math. The model can be compared to US-based OpenAI's reasoning ...

'Mutual access' enhances Hong Kong's attractive role on global stage: Paul Chan Mo-po

Sunday marked the 10th anniversary of the mutual access mechanism connecting capital markets in the Chinese mainland and the Hong Kong Special Administrative Region (HKSAR). Over the past decade, the ...

NE China's Heilongjiang taps seeds breeding to ensure field output

With the global economy, including China's, facing challenges, some Western politicians and media outlets have stepped up smear campaigns against the world's second-largest economy. They selectively highlight information and distort ...

Brazil eyes for increasing tourism cooperation with China: travel bureau head

Brazil views China-Brazil tourism as a key driver of mutual growth, believing it will further strengthen the friendly relations between the two countries. It is also expected that the development ...

China, Brazil trade grows nearly 10% in the first 10 months of 2024, underpinning mutual beneficial partnership

China's trade with Brazil increased by nearly 10 percent in the first 10 months of 2024, highlighting the deep economic and trade ties the two nations have built over the ...

China, Canada trade officials conduct pragmatic, candid talks in Lima

China has been Canada's second-largest trade partner for many years, and economic and trade cooperation has been a major driver of bilateral relations, Chinese Commerce Minister Wang Wentao said on ...

China and EU reach 'technical consensus' in recent EV talks: media report

Chinese and European teams have reached "technical consensus" in recent electric vehicles (EVs) talks, after in-depth discussions on the specifics of the price commitment plan on China-made EVs, Yuyuan Tantian, a ...

President Xi's written speech at APEC CEO Summit boosts confidence of business leaders

Chinese President Xi Jinping's written speech at the APEC CEO Summit in Lima, Peru on Friday, in which he called for jointly promoting a universally beneficial and inclusive economic globalization, ...

Chancay Port has created jobs for local workers; more jointly-built projects between China and Peru anticipated: Peruvian representative of construction workers

The construction of Chancay Port has created jobs for many construction workers and has improved their families' living standards. With the port serving as a demonstration, it is hoped that ...

China issues list for export control of dual-use items, showing prudent approach: MOFCOM

China's Ministry of Commerce (MOFCOM), along with the Ministry of Industry and Information Technology, the General Administration of Customs, and the State Cryptography Administration, issued a list on Friday for ...

China sees economic boost as support policies take effect

China posted improving economic data for October as a series of existing and new support policies took effect. Chinese officials and analysts said that as more of these policies are ...

Changes brought by BRI to Central America strategically important: presidential advisor

Since the resumption of bilateral relations three years ago, both sides have been working with a sense of urgency to promote the development of China-Nicaragua friendly relations. Key agreements have ...

China's property market expectations further improve as home price decline narrows: NBS

China's National Bureau of Statistics (NBS) said on Friday that property market expectations further improved in October, as home price decline in major 70 cities narrows on a monthly basis ...

US agricultural companies seek opportunities at CIIE

US food and agricultural companies are actively seeking opportunities at the 7th China International Import Expo (CIIE), and have already successfully secured numerous deals.

Digital yuan visual hard wallet launched, enabling safer and more convenient payments

The innovative digital yuan visual hard wallet was launched at the 18th Shenzhen International Financial Expo on Thursday, introducing a safer and more accessible way to use of the digital ...

Ambitious Chinese startups ready to challenge Tesla in domestic auto-pilot market

Shenzhen-based Deeproute.ai, an emerging player in autonomous driving, announced Tuesday that it has secured $100 million in exclusive investment from a top domestic automaker. The company aims to use this ...

Employee training programs set foundation for meteoric rise of China's manufacturing sector

With the global economy, including China's, facing challenges, some Western politicians and media outlets have stepped up smear campaigns against the world's second-largest economy. They selectively highlight information and distort ...

Global carbon cuts falling short, harming shift to green economy

A recent report by the United Nations Environment Programme (UNEP) reveals that global greenhouse gas emission reduction efforts are falling significantly short of targets, which could lead to more dangerous ...

Global enterprises keen to attend CIIE to explore growing opportunities in China

The 7th China International Import Expo (CIIE), scheduled to be held in Shanghai from November 5 to 10, has entered the home stretch.

BRICS nations eye 'blue ocean' in green cooperation as ties deepen during highly-watched summit

In Northern Cape, South Africa, the 100-megawatt Redstone concentrated solar thermal power plant, one of the largest renewable energy projects in the country built by a Chinese company, was successfully ...

Nation's real estate market seen stabilizing amid policy support: NBS

China's real estate market shows signs of stabilization amid policy support, said an official with the National Bureau of Statistics (NBS) on Friday, citing statistical data for the first nine ...

As Tesla's Cybercab slated for 2026 rollout, China's autonomous driving industry should accelerate pace: analysts

After months of delays, Tesla unveiled its driverless taxi named Cybercab on Friday, marking a new milestone in the global autonomous driving competition led by China and the US. Chinese ...

Stimulus moves help yuan strengthen near 7 against dollar

The offshore yuan strengthened 0.5 percent against the US dollar to reach 7.0627 as of 5 pm (Beijing time) on Monday, as fresh stimulus policies increased the attractiveness of yuan-denominated ...

Major projects move forward, acting as economic accelerators

During the National Day holidays, workers in key sectors stayed on the front lines, pushing forward China's major infrastructure projects. Their efforts have fueled sustained economic growth, underscoring the nation's ...

Chinese securities firms gear up for stock market opening

Chinese securities firms are gearing up for Tuesday's stock market opening, as domestic investors are lining up to open new stock accounts following a stock rally driven by policy stimulus ...

Exploring life of a Chinese powered by AI

A white collar worker surnamed Wang in her 20s, based in Wuhan, Central China's Hubei Province, starts her day by waking up and sitting before a made-in-China "magical mirror" or ...

Beijing Daxing International Airport welcomes 5th anniversary of operation, Chinese cities strive to become world-class transport hubs

Beijing Daxing International Airport, the second international airport in the Chinese capital, celebrated its fifth anniversary of operation on Wednesday, as China plans to establish a group of world-class aviation ...

China issues 24-point guideline on employment-first strategy

China will implement an employment-first strategy, strengthen employment-first policies, address structural contradictions, deepen institutional reforms and guard against the risk of large-scale unemployment to promote an effective improvement in employment ...

PBC cuts rate on MLF facility, will lower banks' costs

China's central bank on Wednesday lowered the cost of its medium-term loans to banks , marking the first reduction of the country's market-based interest rates after the relevant Chinese authorities ...

Global companies line up for digital trade expo in Hangzhou

The third Global Digital Trade Expo (GDTE) kicked off on Wednesday in Hangzhou, capital city of East China's Zhejiang Province, the nation's innovation and trade hub, showcasing China's significant new ...

Proposed US ban on vehicle software, hardware 'lacks factual basis'

China's Commerce Ministry on Wednesday expressed firm opposition to the US government's proposed ban on Chinese software and hardware products, calling on the US side to immediately withdraw the restrictive ...

China calls for global collaboration and experience sharing to promote technology advancement: FM

China has called for a great global effort to enhance international technological collaboration to address common challenges, and China is willing to contribute Chinese wisdom for building a better home ...

China's durable goods trade-in program gains traction – a move to stimulate domestic consumption

China's national program to promote trade-ins of durable consumer goods has achieved marked progress, as the efforts by local governments to propel domestic consumption bears fruit, officials said on Wednesday. ...

Australian Treasurer Jim Chalmers to visit China, scheduled to meet with NDRC head

Australian Treasurer Jim Chalmers will visit China from Thursday to Friday and co-chair thee 4th China-Australia Strategic Economic Dialogue with Zheng Shanjie, head of China's National Development and Reform Commission ...

China's outbound FDI grows 8.7% in 2023, driven by BRI investments amid global downturn

Amid a global downturn in foreign direct investment (FDI) in 2023, China recorded a robust 8.7% year-on-year growth in outbound FDI, with a 31.5 percent surge in investment directed towards ...

Chinese A-shares continue to rally on Wednesday morning, following 9-percent jump in NASDAQ Golden Dragon China Index

Chinese A-shares and the exchange-traded funds (ETFs) that track them continued to surge on Wednesday morning, buoyed by the financial stimulus announced on Tuesday aimed at ramping up economic growth. ...

Sino-Swiss FTA upgrade talks highlight importance of free trade confronting protectionism

Trade protectionism and free trade represent two opposing approaches to international trade. It should be noted that, although protectionism has had an unprecedented impact on free trade, the latter has ...

China vows to deepen practical cooperation with ASEAN; digital economy, green industry underscored in future collaboration

China is willing to work with ASEAN to deepen practical cooperation and write a new chapter in building a closer China-ASEAN community with a shared future, Chinese Vice Premier Ding ...

China rolls out series of policy support to boost its economy

Chinese officials on Tuesday rolled out a slew of major policy measures to support the country's economy, the housing market and the stock market, including cuts to the policy rate ...

Shanghai stocks rally more than 4%, largest one-day gain in 4 years

The Shanghai Composite Stock Index surged by 4.15 percent as of Tuesday closing, marking its largest single-day rise in more than four years, as the broader market experienced a significant ...

China's stock market soars on Tuesday, buoyed by new package of financial stimulus to stabilize economy

China's top securities regulator announced on Tuesday that it will implement measures designed to promote medium- and long-term funds into the market, as well as facilitate mergers and acquisitions (M&A) ...

China's central bank cuts existing mortgage rates to prop up housing market, stimulate economic growth

China's central bank on Tuesday unveiled a new package of monetary measures, led by significant reductions in existing mortgage rates, in a bid to rejuvenate the country's real estate market ...

China's central bank to cut RRR by 50 basis points to boost economic growth

China will cut the amount of cash that banks must hold as reserves known as reserve requirement ratios (RRR) by 50 basis points soon, central bank governor Pan Gongsheng announced ...

China, Switzerland start talks on FTA upgrade for mutual benefit: MOFCOM

China and Switzerland jointly announced on Monday to officially launch negotiations to upgrade their free trade agreement (FTA), according to China's Ministry of Commerce (MOFCOM) on Monday.

Chinese Vice Premier to attend opening ceremony of the 21st China-ASEAN Expo, with gains seen for bilateral trade

Member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and Vice Premier of the State Council Ding Xuexiang will attend and address ...

China must protect legitimate interests of its domestic industries, MOFCOM says in response to EU's WTO challenge to dairy probe

China's Ministry of Commerce (MOFCOM) on Monday expressed regret over the EU's move to take China to the World Trade Organization (WTO) over China's anti-subsidy investigation into EU dairy products. ...

China makes vital contribution to global green development: experts

China is making a vital contribution to the global energy shift by providing high-quality and affordable new-energy solutions to overseas clients and investing heavily in its own green energy capacity, ...

China's renewal campaign boosts industrial sector

The implementation of China's plan to promote the large-scale renewal of equipment and trade-ins of consumer goods have effectively propelled the country's industrial development, and authorities have stepped up financial ...

French cognac industry urges EU to delay tariff vote on Chinese EVs

French cognac makers are calling for the EU to postpone voting to impose additional tariffs on Chinese electric vehicles (EVs) amid ongoing EV negotiations between China and the EU, AFP ...

75 years of evolution: China's opening-up hits new heights

The China-Europe freight trains now pass daily through Alashankou Port in Northwest China's Xinjiang Uygur Autonomous Region, becoming the new “steel camels” of the China-proposed Belt and Road Initiative (BRI), ...

Long holidays, policies set to drive China's retail growth: experts

Beijing-based white-collar worker surnamed Miao and his girlfriend visited Southwest China's Chongqing city during the Mid-Autumn Festival holidays last week, and they found the popular scenic spots like the Chongqing ...

Joint labs feature thriving BRI tech cooperation

Zhang Yonghe, vice president of the Innovation Academy for Microsatellites of Chinese Academy of Sciences (IAMC), can easily recall the inauguration of the China-Portugal STARLab in 2021. The STARLab is ...

Multiple foreign enterprises express confidence in China market as CIFTIS concludes with fruitful outcomes

The 2024 China International Fair for Trade in Services (CIFTIS) concluded in Beijing on Monday, achieving some 1,000 practical outcomes in deals and investments, with more than 20 percent of ...

China's 'night economy' set to shine during Mid-Autumn Festival

The Mid-Autumn Festival, which falls on September 17 this year, has been the subject of many legends and poems in Chinese culture, making it one of the most romantic and ...

China fines PwC over illegal audit services for Evergrande

China's Ministry of Finance (MOF) and the China Securities Regulatory Commission (CSRC) on Friday announced "maximum" penalties on global auditing firm PwC over its failure to perform due diligence in ...

A model for fruitful cooperation

Cooperation between China and Egypt is a great model of how partnerships can be developed between two developing countries, Ambassador of Egypt to China Assem Hanafi said.

India's protectionist stance on Chinese steel to 'backfire'

Chinese experts on Thursday slammed India's plan to impose tariffs on some steel products imported from China, noting the move will backfire and further damage China-India economic and trade relations. ...

China waives import duties for LDCs, aims to broaden trade ties

China on Thursday said that it will eliminate tariffs on imports from all least-developed countries (LDCs) with which it has diplomatic relations, including 33 African countries, starting from December 1, ...

Commerce minister to discuss EV tariffs

China's Minister of Commerce Wang Wentao is scheduled to visit Europe and hold talks with Valdis Dombrovskis, executive vice president of the European Commission (EC), on September 19 regarding the ...

Companies bullish on China services sector ahead of services trade fair

As the 2024 China International Fair for Trade in Services (CIFTIS) is set to commence on Thursday, attending companies and exhibitors expressed optimism about leveraging China's rapidly growing services sector ...

Domestic NEV sales see 30% y-o-y growth in Aug: association

The sales of China's new-energy vehicles (NEVs) saw significant growth in August, accounting for nearly half of total sales of new cars. NEV sales continued an upward trend throughout the ...

Foreign trade shows steady expansion in Jan-Aug

China's total merchandise trade hit 28.58 trillion yuan ($4.02 trillion) in the first eight months of this year, up 6 percent year-on-year, remaining on a steady growth trajectory, according to ...

China, Spain see wide range of cooperation areas from green energy to digitalization amid high-level visit

China and Spain have seen broader possibilities for cooperation not only in traditional sectors such as agricultural products but also in new areas like green energy and the digital economy ...

China's exports continue to gain momentum in August, beating market expectations

China's total imports and exports of goods hit 28.58 trillion yuan ($4.02 trillion) in the first eight months this year, up 6 percent year-on-year, remaining on a steady growth trajectory, ...

Exclusive: China-Angola ties see great potential as official highlights visible benefits of bilateral cooperation under the Belt and Road Initiative

Editor's Note: In recent years, under China-proposed Belt and Road Initiative (BRI), practical cooperation between China and Angola has yielded substantial results. Angola has become China's second-largest African trading partner, ...

DPP authorities block mainland academic groups' visits 'with no goodwill, sincerity in exchanges'

Scheduled visits to Taiwan Island by two academic delegations from Xiamen University on the Chinese mainland were blocked by Democratic Progressive Party (DPP) authorities for “technical reasons,” Taiwan-based media udn.com ...

China submits request to Canada for WTO consultation over additional tariffs

China has submitted a request to Canada for consultations at the WTO on the additional tariffs Ottawa decided to impose on Chinese electric vehicles (EVs) and steel and aluminum products, ...

Chinese securities firms merge to build first-class investment bank

Chinese leading securities firm Guotai Junan Securities has announced it will merge with smaller rival Haitong Securities in a bid to build a first-class investment bank and promote the high-quality ...

More African countries eye China's green technology to help accelerate industrial transformation

China and Africa have stepped up efforts to work for a green and more sustainable future, as evidenced by the rising import of Chinese electric vehicles (EVs) to Africa, and ...

Yuan internationalization helps stabilize global industry and supply chains, but doesn't aim to replace the US dollar's global role: scholar

China's drive to internationalize its currency yuan isn't aimed at replacing the US dollar's global role, but to maintain the stability of global industry and supply chains, Huang Qifan, an ...

China and Africa forge stronger bonds under BRI

With the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) being held in Beijing from Wednesday to Friday, unfounded "debt trap" allegations against China-Africa cooperation are circulating once again.

Major business conference for Chinese, African companies to unlock new opportunities in investment, trade and industries

Around 1,000 business representatives from China and African countries will come together and share opportunities in investment, trade and industries at the upcoming Eighth Conference of Chinese and African Entrepreneurs, ...

Tesla's Aug sales show potential of Chinese market

In August, US-based Tesla set a new monthly sales record for the year in China, with shipments from its Shanghai Gigafactory rising for the second straight month. Experts see this ...

Jinko Solar's Florida plant gets US tax credits, a rare case for Chinese PV firm

China-based solar panel manufacturer Jinko Solar Co's plant in the US state of Florida has secured tax credits under the US Inflation Reduction Act (IRA), despite the ongoing crackdown on ...

Seeing is believing — Foreign journalists gain better understanding of China's development after visiting Chongqing

Cranes sway their giant arms, railway tracks crisscross, containers are stacked up... walking in the Guoyuan port in Southwest China's Chongqing, one can feel the strong pulse of the mountainous ...

China's tunnel boring machine sector leaps ahead, manufacturing 7 out of 10 TMBs used globally

China's technological development in tunnel boring machines (TBMs) has greatly advanced, from scratch to cutting-edge over the past decade, exemplifying the country's progress in high-tech manufacturing.

China to launch anti-dumping probes into canola seeds and certain chemical products imported from Canada

China's Commerce Ministry announced on Tuesday that it will launch anti-dumping investigations into #canola seeds imported from Canada in line with domestic laws and regulations and WTO rules. It will ...

China takes measures against Canada, after Ottawa imposes hefty tariffs on Chinese EVs, steel and aluminum

China's Ministry of Commerce (MOFCOM) on Tuesday announced decisive measures against Canada, including plans to initiate dispute settlement proceedings at the WTO and launch an anti-discriminatory probe, after Canada's decision ...

China's entry-exit trips surge 30% in July- August, a testament to nation's commitment to opening-up

China facilitated 110 million cross-border passenger trips in July and August, which marks a year-on-year increase of 30.0% and a 13.0% increase from the May-June period, said the National Immigration ...

Beijing Stock Exchange marks 3rd anniversary

Monday marked the third anniversary since the establishment of the Beijing Stock Exchange (BSE) was announced by Chinese President Xi Jinping, the first bourse based in the capital city, at ...

African leaders' visits to Chinese localities spotlight pragmatic cooperation

As many leaders from African countries arrived in China for the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC), some visited various Chinese localities in addition to Beijing, where ...

China's nonferrous metals options crucial amid global uncertainty

Options for four nonferrous metals - lead, nickel, tin and aluminum oxide - were listed on the Shanghai Futures Exchange on Monday. This development represents the more complete coverage of ...

GT Voice: China-Africa cooperation won't be thwarted by Western anxiety

It is not surprising to see some Western media outlets again targeting China's green cooperation with Africa, which actually reveals anxiety over China's growing influence in the global energy transition. ...

China, Saudi Arabia eye enhanced co-op in new energy

As Saudi Arabia's Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef and an economic delegation embarked on a visit to China and Singapore, Chinese experts said on Monday ...

China expands opening-up in services sector

China's State Council, the cabinet, on Monday issued a guideline on high-level opening-up in the services sector, containing 20 specific measures including improving the negative list mechanism for cross-border trade ...