China has taken a decisive step to bolster global investor confidence by unveiling a 12-measure document aimed at encouraging foreign reinvestment in the country, offering what experts see as a timely and powerful signal that more investor-friendly reforms are in the pipeline. “This marks a major boost for foreign companies operating in China,” said Luo…
Shoppers look at air conditioners that offer trade-in subsidies at a store in Jiaxing, Zhejiang province. JIN PENG/FOR CHINA DAILY As heat waves intensify across China, household air conditioner use has continued to grow, and rising residential cooling demand has been placing increasing pressure on the power grid. China’s consumer goods trade-in policy, which is…
Swiss bank UBS has been crowned the biggest wealth manager in the world with $2,403 billion of assets under management, followed by Bank of America Merrill Lynch ($1,080 billion) and Morgan Stanley ($1,045 billion).China Merchants Bank entered the top 10 in 2017 and was the first Chinese bank ever to do so, according to research…
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Employees work at a Nio auto assembly line in Hefei, Anhui province. CHU WEIWEI/CHINA NEWS SERVICE When I stepped into NIO’s advanced manufacturing factory in Hefei, capital of East China’s Anhui province, it didn’t feel like a typical car plant. There was no deafening noise. Instead, it felt like a human brain — alive aware,…
The European Union’s evolving trade policy, from “de-risking” to measures more oriented toward “decoupling”, has raised concerns about increased friction with China, particularly as the bloc seeks closer alignment with the United States to avoid trans-Atlantic tensions, according to market watchers and exporters. Such a shift, they said, could lead to a growing number of…
China will intensify efforts to advance high-quality trade development, deepen international cooperation and bolster innovation to further boost exports during the 15th Five-Year Plan (2026-30) period, the country’s top commerce official said on Friday. Speaking at a news conference in Beijing, Commerce Minister Wang Wentao said these measures will foster an open, cooperative and mutually…
BEIJING — Any attempt to forcibly “decouple” China-US economic and trade ties is destined to fail, China’s Commerce Minister Wang Wentao said on Friday. The economic and trade relationship between China and the United States has experienced its ups and downs over the years, but the two countries remain important partners to each other, Wang…
BEIJING — China has seen robust trade and investment with countries participating in Belt and Road cooperation over the past years, vice-commerce minister Li Chenggang told a press conference on Friday. The combined trade between China and related countries climbed from $2.7 trillion in 2021 to $3.1 trillion last year, with an average annual growth…
China unveiled 12 targeted measures on Friday to further attract and utilize foreign investment, with a specific focus on encouraging foreign enterprises to reinvest in the domestic market. The new document, jointly issued by the National Development and Reform Commission and six other central departments, calls on local governments to establish project databases tailored for…