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China criticizes Canadian tariffs on products containing Chinese steel

China is deeply dissatisfied with and firmly opposed to Canada’s imposition of tariffs on products containing Chinese steel, and will take all necessary measures to safeguard the lawful rights of Chinese enterprises, the Ministry of Commerce said on Friday. The ministry’s remarks came after Canada announced on Wednesday an additional tariff of 25 percent on…

China summons major platforms to enforce fair competition and food safety standards

China’s top market regulator announced on Friday that it has summoned major platform companies, including Ele.me, Meituan and JD, urging them to strictly comply with laws governing e-commerce, competition, and food safety in an effort to promote fairer market practices and raise industry standards. The State Administration for Market Regulation stated that the three companies…

China to open its door to foreign investment wider

China’s policy of attracting foreign investment remains unchanged, and the door will only open wider, said the country’s top commerce official. During his meeting with Jensen Huang, president and CEO of Nvidia, the United States-based semiconductor company, in Beijing on Thursday, Commerce Minister Wang Wentao said China hopes multinational companies, including Nvidia, will provide high-quality…

China to build a seamless flow of cutting-edge ideas from laboratory to production

China will take more steps to ensure a seamless flow of cutting-edge ideas from the laboratory to the production line, as the country moves toward building a modern industrial system, experts said at a symposium during the third China International Supply Chain Expo in Beijing. The integration of innovation chains and industrial chains still faces…

EU’s sanctions against Chinese firms threaten economic ties

China will take necessary measures to firmly safeguard the legitimate rights and interests of its businesses, after the European Union decided to include certain Chinese companies and financial institutions in its 18th round of sanctions against Russia last week, said the Ministry of Commerce on Monday. The EU’s move, despite repeated representations and objections from…

Government debt at 88.0% of GDP in euro area

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Government finance statistics: net financial worth

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Seasonally adjusted government deficit at 2.9% of GDP in the euro area and in the EU

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EU family benefits averaged €830 per person in 2022

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