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Beijing pledges support for exporters

This aerial drone photo taken on July 10, 2025 shows a view of Longtan Container Terminal of Nanjing Port in Nanjing, East China’s Jiangsu province. [Photo/Xinhua] The Ministry of Commerce said on Thursday it would continue to help foreign trade enterprises in China to better secure business orders and expand into diversified overseas markets, while…

China renews currency swap agreement with New Zealand

BEIJING — The People’s Bank of China (PBOC), China’s central bank, has renewed a bilateral currency swap agreement with the Reserve Bank of New Zealand. The value of the renewed deal is 25 billion yuan (about $3.52 billion), the PBOC said in a statement on its website on Thursday. The arrangement is valid for five…

Targeted measures shore up job market

Job seekers attend a job fair held in Haikou, South China’s Hainan province, on July 26, 2025. [Photo/VCG] BEIJING — China is reinforcing its job market with a mix of targeted policies and robust financial support, underscoring the country’s efforts to promote high-quality and sufficient employment. The country has created more than 12 million new…

China, S. Korea to expedite 2nd phase of free trade negotiations

Two visitors from South Korea view a wide range of cosmetics on display at a business exchange and promotional fair held in Kecheng district, Quzhou, East China’s Zhejiang province, on Aug 14, 2025. [Photo/VCG] China and South Korea are willing to accelerate negotiations on the second phase of their bilateral free trade agreement to deepen…

China ranks among top 3 trading partners for 157 countries, regions: official

BEIJING — China has ranked among the top three trading partners for 157 countries and regions worldwide, said Sun Meijun, head of the General Administration of Customs (GAC), at a press conference on Monday. In 2024, China’s trade with Belt and Road Initiative participating countries reached 22 trillion yuan (about $3 trillion), comprising over 50…

China unveils financial measures to bolster forestry development

BEIJING — China’s central bank said on Monday it has issued a notice jointly with two other government departments, outlining 15 targeted measures to leverage financial strength to drive high-quality forestry development. The People’s Bank of China (PBOC) said that the measures, raised jointly with the National Financial Regulatory Administration and the National Forestry and…

Initiative on AI hailed as growth catalyst

China’s emphasis on bolstering the extensive and in-depth integration of artificial intelligence in various fields will help the nation build up new growth drivers and inject strong impetus into high-quality economic development, solidifying its position as a global innovation powerhouse, said experts and company executives. As China recognizes AI as an essential tool in nurturing…

Moves afoot to stifle vicious competition

A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] Banking associations, including those in the city of Shanghai, as well as Guangdong, Zhejiang and Anhui provinces, have launched measures to curb “involution-style” competition, targeting high-interest deposits, mortgage rebates, and auto loan kickbacks, among other practices. Since the beginning…

Local govts in push to boost spending on services

Tourists drawn to homestay experience in Azheke village dine at a restaurant in the Honghe Hani and Yi autonomous prefecture, Yunnan province, in February. [Photo/Xinhua] BEIJING — In a fresh move to spur consumer spending, multiple cities across China have recently rolled out new voucher programs, targeting service sectors like catering, tourism, sporting events and…