Private firms continue to play stabilizing role in underpinning employment in China: report

China's private enterprises registered a sound performance in corporate social responsibility in 2023, the Xinhua News Agency reported on Tuesday, citing a report from the All-China Federation of Industry and ...

Reforms to strengthen Yiwu's cross-border trade and expand global reach unveiled

The National Development and Reform Commission (NDRC), China's top economic planner, on Tuesday released a document aimed at deepening reforms in Yiwu, one of the country's key production and trade ...

China's listed semiconductor companies report strong growth

China's semiconductor sector continued its robust growth on Tuesday, following recent positive momentum in the A-share market, with several domestic industry players hitting their daily trading limits.

2024 Yearender: China's Gen Z embracing anime, comic and game, sparks new wave of 'goods economy'

Despite a complex international environment, foreign financial institutions have kept on increasing their investment in Chinese market in 2024, eyeing huge dividends brought about by the country's long-term development potential. ...

China's Yiwu reports strong export growth as Christmas approaches

As Christmas approaches, a number of Chinese exporters are reporting significant order growth this year, with high-quality products helping to add a festive touch to the global holiday season. Yiwu, ...

Domestic airlines expand overseas services as China extends visa-free transit stays

Domestic airlines are expanding their overseas services as China extends its visa-free policies to more countries, marking the policy a significant boost to both inbound and outbound travels.

Global investors remain upbeat on Chinese market in 2025, as moves reflect investment confidence amid policy stimulus

As 2024 draws to an end, multiple overseas financial institutions expressed confidence in China's capital market by expanding local deployment while maintaining a positive outlook for 2025.

China's NDRC approves new regulation to strengthen planning and management of coal mining areas

China's National Development and Reform Commission (NDRC), the country's top economic planner, on Monday approved a regulation on the planning and management of the nation's coal mining areas, as part ...

Shanghai Port breaks record with 50 million TEUs annual throughput

The smooth lifting of a container from an ocean liner docked at Shanghai Port on Sunday marked a historic milestone: The port's 2024 container throughput surpassed 50 million 20-foot equivalent ...

Snow and ice tourism festivals open nationwide, unleashing 'hot effect' of consumption

One of the latest places to launch a snow and ice-related festival or event, Shimian county in Southwest China's Sichuan Province will kick off a snow and ice tourism season ...

S.Korea's reported rhetoric on anti-subsidy probe into Chinese EVs a 'gesture declaration'

South Korea's so-called possible anti-subsidy investigation into Chinese electric vehicles (EVs) does not stand a ground due to Chinese EVs' relatively small market share in the country, said a Chinese ...

2024 Yearender: China moves steadily toward building a financial powerhouse in 2024, boosting support for real economy

Despite a complex and grim international environment, foreign financial institutions continued to briskly increase their investment in China in 2024, eyeing huge dividends brought about by the country's long term ...

Xinjiang's foreign trade in Jan-Nov exceeds 400 billion yuan with fastest growth rate nationwide

The foreign trade volume of Northwest China's Xinjiang Uygur Autonomous Region hit 403.11 billion yuan ($55.23 billion) from January to November, 2024, an increase of 26 percent year-on-year, the fastest ...

China reduces holdings of US Treasury bonds to $760.1 billion in October in 'normal operations of reserves diversification'

Chinese holdings of US Treasury bonds fell to $760.1 billion in October, according to data released by the US Department of the Treasury on Thursday (US time). It marked a ...

China inaugurates first central SOE specializing in data tech

China's first centrally administered state-owned enterprise (SOE) specializing in data technology was officially established in Shanghai on Thursday. The company, tentatively translated as China Digital Logistics Information Co, is directly ...

Macao plays unique role in deepening regional integration

This year is deemed pivotal for high-quality development of China-proposed Belt and Road Initiative (BRI), which has just celebrated its 11th anniversary. What are the major advancements BRI has made ...

Draft law on private sector promotion to be submitted for first reading

The draft law on private sector promotion will be submitted for preliminary reading. Key measures, including ensuring fair competition and protecting enterprises' rights and interests, will be codified into legal ...

Shanghai Stock Exchange reports 184% rise in mid-year dividend payouts by listed companies so far in 2024

China's public companies listed at its A-share market have significantly increased their dividend payouts in 2024, with 481 companies listed at the Shanghai bourse pledging to pay their share-holders the ...

China's aviation services market expected to be the world's largest by 2043: Airbus report

China is likely to surpass North America and Europe to become the largest aviation services market in the world by 2043, with its market size almost tripling from $23 billion ...

China remains a coveted place for foreign investors: FM

China welcomes more foreign friends to come to invest in the country, share China's growth opportunities and development dividends, Chinese Foreign Ministry Spokesperson Lin Jian said on Thursday.

Chinese FM hails UK's reported plans for enhanced trade cooperation with China

Cooperation between China and the UK is based on mutual interests and aligns with the expectations of the business community, said Chinese Foreign Ministry spokesperson Lin Jian on Thursday in ...

Exclusive: Chinese industry association urges to use WTO rules to help Chinese cattle farmers amid difficulties

The China Animal Agriculture Association (CAAA) has prepared related materials and submitted an application to relevant authorities, hoping to use “WTO rules” to help address the beef industry's temporary ...

Chinese company helps Laos launch a major solar photovoltaic project, creating thousands of local jobs

The first phase of the 1-million kilowatt photovoltaic project at China General Nuclear Power Group (CGN) clean energy base in northern Laos officially commenced on Wednesday, the Global Times learned ...

Trade between Chinese mainland and Macao SAR increases 4.3 times in 24 years from 1999

Economic and trade relations between the Chinese mainland and Macao Special Administrative Region (SAR) are growing stronger, the Ministry of Commerce (MOFCOM) said on Thursday just before the 25th anniversary ...

Chinese commerce ministry slams EU's inclusion of Chinese entities and individuals in 'fully-fledged' sanctions; vows 'necessary measures'

China deplores and firmly opposes the EU adding Chinese entities and individuals for the first time on the "fully-fledged listings" in its 15th sanctions package against Russia, the Chinese Commerce ...

President Xi urges deepening rural reform, building up strength

Chinese President Xi Jinping has urged further deepening rural reform and making solid advances toward the goal of building up China's strength in agriculture, the Xinhua News Agency reported on ...

New western land-sea corridor starts key projects construction in Fangchenggang, S. China's Guangxi

An intermodal transport center of the New International Land-Sea Trade Corridor officially commenced construction on Wednesday in Fangchenggang, South China's Guangxi Zhuang Autonomous Region, which will further improve the capability ...

Over 90% foreign travelers use enhanced mobile payment services in China travel: report

A recent study conducted by a research team of the Institute of Silk Road Studies at Beijing Foreign Studies University (BFSU) revealed that foreign travelers in China are experiencing improved ...

UK-China collaboration is not merely an option; it is an imperative: 48 Group Club's Jack Perry Jr

The UK-China relationship has undoubtedly faced significant challenges in recent years. Diplomatic tensions, evolving global priorities, and domestic political shifts have all contributed to what can be described as a ...

GraphicAnalysis: Front-runner in global green transformation

Editor's Note: China's economy has shown strong resilience in 2024, which draws near to its end. In the face of a more complex and challenging international geopolitical environment, the policymakers have ...

China to further optimize cross-border integrated cash pooling policies for multinational companies

China has announced a new plan to further optimize the pilot policies for cross-border integrated foreign and domestic currency cash pooling for multinational corporations in selected areas. The plan aims ...

Guangdong Province shores up local economy, leveraging a fiscal package of 70 billion yuan in 2024

Guangdong Province has taken the lead in China by launching a comprehensive fiscal support package for large-scale equipment upgrading and consumer goods trade-ins, referred to as the “two renewals”, a ...

First vessel from Peru's Chancay Port reaches Shanghai

The "Xin Shanghai," a vessel operated by China COSCO Shipping Corporation Limited, is set to arrive in Shanghai's Yangshan Port on Wednesday afternoon after a 23-day journey from Peru's Chancay ...

Emphasis on high-quality development positions nation as global leader: 48 Group

China's economic outlook remains highly promising, and its dedication to reform positions it as a global hub for innovation and collaboration, Jack Perry Jr, Chairman of the 48 Group, told ...

First batch of direct transport cargo through Peru's Chancay port to arrive in Shanghai

The first batch of direct cargo through Chancay port in Peru has completed customs pre-declaration procedures, and will arrive at Shanghai on Wednesday, China Media Group reported on Tuesday.

AI start-ups complete new financing round

A number of Chinese artificial intelligence (AI) model start-ups have announced the completion of a new round of financing, a trend that industry observers said shows the fast-track development of ...

Travel bookings for upcoming New Year holidays increasing

Sales for train tickets for December 31 started on Tuesday, while passengers can purchase tickets for January 1, 2025 on Wednesday. With the New Year and Spring Festival approaching, Chinese ...

GT Voice: Green transition unlocks growth potential for China's steel sector

The major divergence in the development trajectories of the steel industries in the East and West not only mirrors the profound changes in the global economic landscape, but also serves ...

AI translation boosts global reach of Chinese web-based literature, as overseas revenue hits $602 million in 2023

Revenue from China's online literature industry in overseas markets reached 4.35 billion yuan ($602 million) in 2023, marking a 7.06-percent year-on-year growth, said a report released at the ongoing Third ...

Chinese FM welcomes foreign visitors' continued interest in China, as 'Going to China after work on Friday' becomes new buzzword in foreign social media

China welcomes foreign visitors' continued interest in China, to better experience its rich history, natural beauty, advanced technology, and cultural sentiment, Lin Jian, spokesperson from China's Foreign Ministry said on ...

China-US Financial Working Group holds 'professional, pragmatic, candid and constructive' talks

The China-US financial working group held its seventh meeting in Nanjing, East China's Jiangsu Province from Sunday to Monday, during which the two sides had “professional, pragmatic, candid and constructive” ...

More proactive approach will unleash positive potential of China's economy

Based on changes in both internal and external circumstances, the Central Economic Work Conference has made it clear that next year China will adhere to the principle of pursuing progress ...

China extends visa-free transit stays to 240 hours, adds eligible ports to 60; updated policy garners responses among foreign business communities

China welcomes foreign friends to add China to their travel bucket list, and experience China's time-honored history by visiting heritage sites such as the Great Wall, feast their eyes on ...

China-US economic working group holds 'candid, in-depth and constructive' talks

The China-US economic working group held the 7th meeting on December 12 in Johannesburg, South Africa, during which the two sides had candid, in-depth and constructive communication over macroeconomic situations ...

First wholly foreign-owned tertiary general hospital gets business license in Tianjin

North China's Tianjin Municipality granted China's first medical institution practice license to a wholly foreign-owned general hospital on Monday, marking a first move since the country unveiled its plan in ...

China's economy maintains rebound momentum in November

In November, China's economy maintained the rebound momentum that began in September thanks to a raft of macroeconomic policies. Multiple indexes point to a number of highlights, including a robust ...

Nation's economic transformation is gaining sustainable impetus

At present, China's economy has entered a steady path of growth. While this natural growth model may not match the rapid pace of the previous high growth rates, largely driven ...

'Expanding domestic demand on all fronts' drives 2025 GDP growth

The Political Bureau of the Communist Party of China (CPC) Central Committee on Monday held a meeting in Beijing to analyze and plan the economic work in 2025. The meeting ...

China's new quality productive forces speed up industrial upgrading, transformation

The Central Economic Work Conference, which was held in Beijing from Wednesday to Thursday, set priorities for the economic work in 2025, including the use of scientific and technological innovation ...

Boosted by government's proactive monetary and fiscal stimulus, Chinese economy is expected to gain renewed growth impetus in 2025

China has released a number of upward economic data in recent days about its economy, relating to manufacturing, retail sales, transportation and capital market performance, which analysts said point to ...

Positive momentum in national economy in Q4 expected to sustain

The performance of a country's foreign trade depends on its economic scale, growth potential and competitiveness, which is unlikely to be significantly affected by external political factors. From January to ...

China to accelerate foreign trade growth despite global headwinds

In 2024, China's foreign trade has witnessed a positive trajectory of qualitative improvement and stable expansion. China's total merchandise trade grew by 5.2 year-on-year from January to October to reach ...

Chile taps into vast Chinese market as trade in cherry, wine and beef set to maintain strong growth trend

China welcomes Chile to continue to hold Chile Week events in China and is pleased to see increasingly closer mutually beneficial cooperation between the two countries which deliver tangibly to ...

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 ...