China will encourage more overseas institutions to issue panda bonds and integrate cross-border investment channels to attract foreign participation in its onshore market, as part of the country’s ongoing efforts to foster a sound environment for using the renminbi, said the People’s Bank of China, the country’s central bank. “We will encourage and support more…
Although China’s three major stock indexes fell on Friday, analysts said investors should look beyond short-term market fluctuations and focus instead on high-quality companies with sustainable earnings growth, aiming to capture the long-term opportunities in China’s evolving capital market. The Shanghai Composite Index dropped 1.95 percent to 3,839.76, while the Shenzhen Component Index declined 3.04…
China’s proactive fiscal policy has maintained strong momentum in the first three quarters, with fiscal revenue seeing a steady recovery, according to the latest official data released by the Ministry of Finance on Friday. In the first three quarters, the country’s general public budget revenue reached 16.39 trillion yuan ($2.25 trillion), up 0.5 percent year-on-year.…
People attend a flag-raising ceremony marking the 76th anniversary of the founding of the People’s Republic of China at Tian’anmen Square in Beijing, capital of China, Oct 1, 2025. [Photo/Xinhua] As China prepares its next five-year economic blueprint, economists widely expect the world’s second-largest economy to start relocating the point of collection of its largest…
Women dressed in traditional attires pose for a group photo in front of the Belarusian National Football Stadium, a landmark project built with Chinese support, in Minsk, Belarus, June 7, 2025. [Photo/Xinhua] China’s General Administration of Customs on Wednesday granted market access to 15 categories of food products from 10 countries, including South Africa and…
Sebastian Goyon visits a DJI store at APM Mall in Beijing, capital of China, July 2, 2025. [Photo/Xinhua] Under the guidance of financial regulators, Chinese banks and insurance companies are tailoring services to the needs of technology enterprises, offering targeted solutions such as “loans plus direct equity investment”, intellectual property pledge financing, and patent insurance.…
Displays show major stock indexes at HKEX’s Exchange Square in Hong Kong. CHEN YONGNUO/CHINA NEWS SERVICE As the half-century of global prosperity built on China-US complementarity is reaching its natural limits, the era of “easy but low-margin money” is drawing to a close. China now must learn to earn “hard money” — by rebuilding balance within,…
China’s Ministry of Commerce has rejected US Treasury Secretary Scott Bessent’s claims regarding China International Trade Representative Li Chenggang’s engagements in the United States as “baseless”, stating that they seriously distorted the facts. Foreign media reported that Bessent had accused Li of making an “uninvited visit” to Washington and linking the threat of “China unleashing…
BEIJING — The People’s Bank of China (PBOC), the country’s central bank, has renewed a bilateral currency swap agreement with the Central Bank of Iceland. The agreement is worth 3.5 billion yuan (about $493.18 million), or 70 billion Icelandic krona, the PBOC said in a statement. The agreement is valid for five years, according to…
Tim Cook, CEO of Apple, shared his admiration for Chinese culture in an interview with China Daily in Shanghai, highlighting the global success of the Chinese doll Labubu. “It has really blown up around the world. It’s huge. I love it. I have my personal one now, and I’m putting it right on my desk,”…