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…
KUALA LUMPUR – The Chinese and US delegations reconvened on Sunday for the second day of talks on economic and trade issues. The first day of talks took place on Saturday in the Malaysian capital. A spokesperson for China’s Ministry of Commerce said earlier that the two sides will hold consultations on important issues in…
Senior government officials from more than 20 partner countries participating in the Belt and Road Initiative said they will step up cooperation with China in agricultural trade and food safety, aiming to strengthen economic ties and build more resilient supply chains among partner economies. Gathering in Shanghai on Wednesday for a BRI conference on food-safety…
China has urged the European Union to immediately stop including Chinese companies in its 19th package of sanctions against Russia, according to the Ministry of Commerce. A ministry spokesperson said in a statement on late Thursday that despite China’s repeated consultations and efforts to dissuade the bloc, the EU has once again placed Chinese companies…