BEIJING — Foreign-invested firms in China recorded a 4 percent year-on-year growth in exports and imports in May, marking the fourth consecutive month of growth, official data showed Monday. The total trade volume of foreign enterprises in China reached 1.11 trillion yuan (over $154.47 billion) last month, according to the General Administration of Customs. In…
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The fourth Changsha International Construction Equipment Exhibition opened on Thursday in Changsha, Hunan province and will run through Sunday. [Photo provided to chinadaily.com.cn] The fourth Changsha International Construction Equipment Exhibition opened on Thursday in Changsha, Hunan province, and will run through Sunday. The event has attracted 1,806 exhibitors from both domestic and international markets. Spanning…
Residential savings have been rising constantly in China. Data from the People’s Bank of China, the country’s central bank, show that residential savings increased by 9.22 trillion yuan ($1.26 trillion) in the first quarter, up 7.7 percent year-on-year, significantly outnumbering the 1.74 trillion yuan of incremental savings from nonfinancial companies. Increase in residential savings is…
CAI MENG/CHINA DAILY The decision by China to engage in talks with the United States demonstrates its firm stance in upholding multilateralism and presents a new opportunity for the reform and improvement of the global governance system. The post-World War II multilateral trading system, with the World Trade Organization at its core, advocates for members…
In response to economic uncertainties at home and abroad, China must focus on a long-term goal that transcends immediate reactions and leverages fiscal tools to accelerate the economic shift from debt- and investment-driven to technology- and consumption-driven growth, as well as the upgrading of high-end industrial chains. In the long run, although China is the…
Chinese exporters’ accelerated shift toward higher-value manufacturing and their sustained focus on innovation will continue to anchor China’s foreign trade growth this year, government officials, manufacturers and experts said on Monday. As China works to consolidate its position in global industrial chains amid rising geopolitical tensions, Chinese companies’ large-scale production capabilities, innovation strength, industrial upgrades…
China on Monday released a guideline aimed at further safeguarding and improving people’s livelihoods, vowing to resolve the most pressing issues facing the public and make basic social services more equitable, inclusive, and accessible. The guideline — jointly issued by general offices of the Communist Party of China Central Committee and the State Council on…
Nearly 70 percent of foreign companies rank China as one of the top three priorities in their global investment plans for the next three years, indicating that the country continues to be a pivotal market where opportunities significantly outweigh risks for forward-thinking firms, said a new survey published by the China-Australia Chamber of Commerce. The…
Executives strike a gong at the opening ceremony of a newly listed company at the Hong Kong bourse on May 20. CHEN DUO/XINHUA An increasing number of A-share companies have sought dual listings in the Hong Kong stock market since the beginning of this year, and the trend is likely to persist amid continued outbound expansion…