The pilot program to upgrade the functions of the free trade account system in the China (Shanghai) Pilot Free Trade Zone officially took effect on Friday, marking a new step forward in the liberalization and facilitation of cross-border trade and investment. The People’s Bank of China Shanghai Head Office started implementing the interim measures for…
BEIJING — Investment from the central government budget toward the work-for-relief programs has totaled 35.5 billion yuan (about $5 billion) in 2025, with these programs expected to create more than 1.1 million jobs for the low-income population, according to the National Development and Reform Commission (NDRC). The NDRC, China’s top economic planner, said these programs…
Three Chinese companies have obtained general export licenses for rare-earth–related items from the government, according to Shanghai Securities News. The companies — JL MAG Rare-Earth Co, Beijing Zhong Ke San Huan Hi-Tech Co, and Yunsheng Group — have been authorized to export such items under the government’s regulatory framework, according to the report on Friday.…
BEIJING – The People’s Bank of China (PBOC), the country’s central bank, on Thursday said that it will conduct a 1-trillion-yuan ($141.4 billion) outright reverse repo operation on Friday to maintain ample liquidity in the banking system. The operation will be carried out with a fixed quantity through interest-rate bidding, with winning bids determined at…
China has been approving all compliant rare earth export applications for civilian use without delay, the Ministry of Commerce said on Thursday. This comes after a survey claimed that several European businesses were already, or expecting to be, affected by China’s export controls. “To the best of my knowledge, the Chinese government has consistently approved…
Russian tourists shop at a supermarket in Raohe county, Heilongjiang province, on Oct 11, 2025. [Photo/VCG] China and Russia are seeing renewed vitality in cross-border travel and economic cooperation after a visa-free travel arrangement and an upgraded bilateral investment treaty came into force on Monday, measures that experts say will support diversified trade and strengthen…
China’s latest steps to spur domestic demand will draw more foreign enterprises to increase investment in the country, as the strength of its super-large-scale market offers renewed impetus for corporate growth and the broader global economic recovery, said leading economists and business executives. Speaking ahead of China’s annual Central Economic Work Conference, they said these…
China will take necessary measures should Japan refuse to withdraw its erroneous remarks on China’s Taiwan, and Japan must bear sole responsibility for all consequences, the Ministry of Commerce said on Thursday. Regarding Japanese Prime Minister Sanae Takaichi’s erroneous remarks on China’s Taiwan, China has made it very clear that Japan should immediately correct its…
The European Union’s recent decision to terminate its trade dispute against China in the DS610 case at the World Trade Organization is “the right choice”, said the head of department of treaty and law at the Ministry of Commerce on Thursday. China has consistently held the view that the EU lacked a factual basis for…
China introduced on Thursday new national standards for food delivery platforms to promote fairer and more sustainable industry practices. According to the State Administration for Market Regulation, one of the main aspects of the new standards is improving merchant management within delivery platforms. This includes stricter regulations on merchant registration, day-to-day operations, and a reinforced…