A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] China’s aggregate social financing and broad money supply growth remained solid in July, official data showed on Wednesday, underscoring the continuation of an accommodative monetary policy that is providing a suitable financial environment for the real economy. The country’s aggregate social financing…
China has imposed countermeasures on two European banks — UAB Urbo Bankas and AB Mano Bankas — in response to the European Union’s sanctions on Chinese financial institutions, the Ministry of Commerce said on Wednesday. Under the measures, organizations and individuals in China are prohibited from engaging in transactions, cooperation or other related activities with…
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BEIJING — During last month’s third China International Supply Chain Expo (CISCE), overseas exhibitors made up 35 percent of participants — up 3 percentage points from 2024 and 9 points from the inaugural 2023 edition — with industry giants like Honeywell, GE Healthcare, and Siemens already securing their spots for next year, underscoring foreign firms’…
A worker handles products at the Shu Brocade Workshop of the Chengdu Shu Brocade Research Institute, a private enterprise in Chengdu, Sichuan province, on July 3. LI XIANGYU / FOR CHINA DAILY China reported positive signs in terms of both consumer and producer prices last month, as government policies to boost domestic demand continued to…
China registered 13.28 million new market entities in the first half, with private and foreign-invested firms maintaining steady momentum and cultural industries posting the fastest growth, the State Administration for Market Regulation said on Tuesday. Private enterprises took the spotlight, with 4.35 million new registrations, up 4.6 percent year-on-year. Foreign-invested firms also rose 4.1 percent…
China and the United States on Tuesday extended the pause on tariff hikes on each other’s goods for another 90 days, a move that market watchers and exporters said will help address trade frictions through dialogue and ease anxieties of businesses. They said the latest reciprocal move on tariffs is expected to stabilize bilateral trade…
BEIJING – Private and foreign-invested enterprises saw steady expansion in China in the first half of the year, official data showed Tuesday, indicating improving market expectations as well as the country’s appeal as a global investment hub. Some 4.35 million new private enterprises were established in the first six months, up 4.6 percent year-on-year, according…
Visitors film a fireworks show enhanced by visual and lighting technologies in Liuyang, Hunan province, on July 12. CHEN SIHAN/XINHUA BEIJING — At a bustling appliance store near Shanghai’s Zhongshan Park, sales staff enthusiastically demonstrated product features and calculated discounts. The summer shopping season has been in full swing. A local resident surnamed Yao was looking…
Workers unload the nose section of an A320 aircraft. [Photo by Yan Dongjie/chinadaily.com.cn] The major components for the A320 aircraft series to be assembled in Tianjin have arrived at Tianjin Port aboard the COSCO Shipping Sagittarius, which sailed from Europe. The vessel docked at the Tianjin Port Pacific International Container Terminal on Sunday. The delivery comes…