China’s journey to becoming a financial powerhouse must start with institutional reform and the establishment of a transparent, innovation-driven capital market, experts said. Wu Xiaoqiu, former vice-president of Renmin University of China and dean of the university’s National Academy of Financial Research, said the capital market plays a fundamental role in supporting the real economy…
In a global landscape fraught with uncertainties, China’s development commitment offers the international community stability and positive momentum, experts said. China’s growth will create vast opportunities for the world, opening new avenues for cooperation in areas such as technology, sustainable development, the green economy and the digital economy, they said, adding that such collaboration will…
While a structural bull run is gradually taking shape in the A-share market thanks to China’s economic resilience and continued introduction of supportive policies, the upward momentum is likely to further stabilize driven by technological advances, which will buoy investor confidence and consumption, said experts. Data from market tracker Wind Info showed that the benchmark…
China will strengthen guidance on market expectations and guard against the risk of exchange rate overshooting to keep the yuan broadly stable, the country’s central bank said, according to a report by Financial News, a newspaper backed by the People’s Bank of China. A senior official from the central bank’s monetary policy department said China’s…
China’s efforts to regulate the submission of tax-related information by internet platform companies will standardize tax reporting practices among these enterprises both at home and abroad, and boost the sound and regulated development of the platform economy, experts said. US tech company Amazon has announced that it will begin reporting information about China-based sellers to…
China and the United States will engage in a fresh round of trade talks later this week in Malaysia, in a bid to de-escalate tensions that have been simmering for weeks between the world’s two largest economies. Analysts said that Washington’s recent moves — calling for talks while exerting pressure on Beijing — do not…
China’s factory-gate prices saw a narrow decline in September, while consumer prices fell slightly, official data showed on Wednesday. China’s producer price index – which measures factory-gate prices – fell 2.3 percent year-on-year in September, easing from a 2.9 percent drop in August, marking the second consecutive month of improvement, according to the National Bureau…
BEIJING — China’s producer price index (PPI), which measures costs for goods at the factory gate, went down 2.3 percent year-on-year in September, the National Bureau of Statistics (NBS) said Wednesday. The decline narrowed by 0.6 percentage points from the previous month, suggesting an improvement in industrial demand amid government efforts to bolster economic growth.…
A forklift operator moves a container on the China-Europe Railway Express service in Ganzhou, Jiangxi province, in August. ZHU HAIPENG/FOR CHINA DAILY A healthy and balanced China-European Union economic and trade relationship is in the long-term interests of both sides, allowing their businesses to grow together, draw on each other’s strengths and better withstand the…
BEIJING — China’s yuan-denominated loans rose 14.75 trillion yuan (about $2.08 trillion) in the first nine months of the year, central bank data showed on Wednesday. Of the total, household loans grew 1.1 trillion yuan, and loans to enterprises and public institutions increased by 13.44 trillion yuan, according to the People’s Bank of China. Outstanding…