From Sept 25 to 29, Hangzhou, Zhejiang province, is hosting the fourth Global Digital Trade Expo. Over the course of five days, the event is expected to draw more than 10,000 international buyers and feature over 1,800 exhibitors, with more than 20 percent of them coming from abroad. Over 70 Fortune Global 500 companies are…
A cargo ship carrying foreign trade containers drives out of Qingdao Port in Qingdao, East China’s Shandong province, on May 12. YU FANGPING/FOR CHINA DAILY China strongly objects to Japan placing Chinese entities on its export control list and urges Japan to immediately cease the erroneous practice, a spokesperson for the Ministry of Commerce said…
Passengers line up to board a train at a metro station along Shenzhen Metro Line 16 in Guangdong province on Sunday. CHINA DAILY The recent expansion of Shenzhen’s metro system in Guangdong province, highlighted by the opening of two new lines, provided new references for efficient urban rail construction in the Guangdong-Hong Kong-Macao Greater Bay…
A view of China (Ezhou) Cross-border E-commerce Industrial Park. CHINA DAILY Ezhou is not a coastal trading port. It has no bustling harbor or long tradition of container terminals being sent around the world. Yet in the middle of Central China’s Hubei province, a different kind of gateway is rising. At its heart is the…
BEIJING — China urges the United States to immediately rectify its wrongdoing and cease its unreasonable suppression of Chinese companies, a Ministry of Commerce spokesperson said on Monday. The spokesperson made the remarks in response to a media inquiry on the US Department of Commerce’s announcement of a new rule that expands its “entity-list” export…
BEIJING — China will introduce a new policy-based financial instrument worth 500 billion yuan (about $70.3 billion), as part of the country’s efforts to improve financial services for the real economy and boost effective investment, a spokesperson for the National Development and Reform Commission (NDRC) said on Monday. The funds will be used to replenish…
BEIJING — The Ministry of Industry and Information Technology announced on Monday that it has granted China Mobile a license to operate satellite mobile phone service. This means that the three major mobile phone service providers — China Mobile, China Telecom and China Unicom — are now all licensed to provide direct-to-cell satellite coverage for…
China is doubling down on consumer lending as a policy lever to stimulate spending, while simultaneously tightening safeguards to prevent the buildup of financial risks. The government’s recent rollout of fiscal subsidies for personal consumption loans reflects a push to ease borrowing costs and unlock household demand, but regulators and banks are also moving to…
A staff member (right) introduces credit card business for the elderly to a visitor during the International Exhibition of Senior Care, Rehabilitation Medicine and Healthcare Shanghai 2025 in Shanghai on June 11. CHINA DAILY China’s credit card sector is facing mounting headwinds, with outstanding balances, transaction volumes and profitability trending downward in the first half of…
A drone photo shows a view of the Qinzhou Port in Qinzhou, South China’s Guangxi Zhuang autonomous region, on Sept 16. ZHANG AILIN/XINHUA NANNING — Through the New International Land-Sea Trade Corridor, ASEAN products — from Vietnamese and Indonesian rubber, to Cambodian rice and Thai coconuts — are steadily making their way into China. Meanwhile, Chinese…