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China launches pilot to integrate HR services with manufacturing sector

This photo taken on June 7, 2024 shows a smart assembly line at Seres Group’s super factory in Liangjiang New Area, Chongqing, Southwest China. [Photo/Xinhua] BEIJING — China will launch a pilot in some 30 cities to integrate human resources (HR) services with the manufacturing sector, the Ministry of Human Resources and Social Security said…

China ‘firmly opposes’ move on contracts

The European Union’s latest move to exclude Chinese companies from bidding on public procurement contracts in the medical devices sector has raised concerns over rising protectionism within the bloc and the potential for escalating trade tensions with China, market watchers said on Wednesday. Their comments came after EU member states decided to block Chinese companies…

Arrears clearance for SMEs facilitated

A clerk counts cash at a bank in Nantong, Jiangsu province. [Photo/Sipa] China has taken a concrete step toward addressing crippling issues faced by the private sector, with a revised regulation guaranteeing payments owed to small and medium-sized enterprises. This marks China’s latest move in clearing arrears owed to SMEs through an institutional arrangement, which…

Financial capital investment to be focus of intl fair in Fujian

This photo taken on Sept 8, 2023 shows a view of the 23rd China International Fair for Investment and Trade (CIFIT) in Xiamen, East China’s Fujian province. [Photo/Xinhua] Financial capital investment will be a focus of the 25th China International Fair for Investment and Trade (CIFIT) to be held in Xiamen, Fujian province, between Sept…

China’s commerce body urges EU to reconsider restrictions on medical devices

Turning policy instruments into outright trade barriers would not only harm interests of China and the European Union but also weaken global confidence in economic recovery and sustainable growth, said China Chamber of Commerce to the EU on Tuesday. This move followed media reports that EU member states have recently approved restrictive measures under the…

ACFTA 3.0 will help resolve the South China Sea issue

“The South China Sea issue is not the entirety of China-ASEAN relations,” said Wu Shicun, chairman of Huayang Center for Maritime Cooperation and Ocean Governance, during the 2025 RCEP Media & Think Tank Forum. He believes that ACFTA 3.0 could create a favorable atmosphere for resolving the South China Sea issue, particularly in promoting maritime…

US seriously undermines economic talks with China

The United States has seriously undermined the consensus reached during the China-US economic and trade talks in Geneva by repeatedly imposing various discriminatory and restrictive measures against China, said the Ministry of Commerce on Monday. In response to the US claims that China has “recently violated the consensus” reached during the China-US economic and trade…

US slammed for repeated policy shifts

The United States’ repeated and unpredictable policy shifts have not only enhanced the risk of deepening its economic and trade frictions with China, but have also weakened its credibility in the international market, analysts and exporters said on Monday. These policy shifts are undermining the confidence of global businesses and investors in US policies, market…

Shanghai tightens financial sector supervision

Night view of Lujiazui Financial and Trade Zone of Pudong in Shanghai, July 8, 2017. [Photo/VCG] Shanghai is considering to increase regulatory function to its existing municipal financial service office and is researching possibilities to set up a specialized financial court to better supervise the financial market, said a senior official on Thursday. Zheng Yang,…

World’s top 10 gold-producing countries

Global gold mine production reached a total of 3,247 tons in 2017, five tons below the previous year, according to the GFMS Gold Survey 2018. It is also the first annual drop since 2008, and the report attributed it to environmental concerns, and crackdowns on illegal mining operations. China, the world’s number one gold producer,…