China is deeply dissatisfied with and firmly opposed to Canada’s imposition of tariffs on products containing Chinese steel, and will take all necessary measures to safeguard the lawful rights of Chinese enterprises, the Ministry of Commerce said on Friday. The ministry’s remarks came after Canada announced on Wednesday an additional tariff of 25 percent on…
China’s policy of attracting foreign investment remains unchanged, and the door will only open wider, said the country’s top commerce official. During his meeting with Jensen Huang, president and CEO of Nvidia, the United States-based semiconductor company, in Beijing on Thursday, Commerce Minister Wang Wentao said China hopes multinational companies, including Nvidia, will provide high-quality…
China will take necessary measures to firmly safeguard the legitimate rights and interests of its businesses, after the European Union decided to include certain Chinese companies and financial institutions in its 18th round of sanctions against Russia last week, said the Ministry of Commerce on Monday. The EU’s move, despite repeated representations and objections from…
BEIJING — Consumption has contributed around 60 percent on average annually to China’s economic growth over the past four years, and the role of consumption as the economy’s main engine has continued to strengthen, China’s Minister of Commerce Wang Wentao said on Friday. Tanks to chinadaily.com.cn Please visit: Our Sponsor
BEIJING — China imported consumer goods worth 7.4 trillion yuan (about $1.03 trillion) between 2021 and 2024, the first four years of the 14th Five-Year Plan period (2021-2025), China’s Commerce Minister Wang Wentao told a press conference Friday. Citing figures of the World Trade Organization, he said goods imports by the Chinese mainland and China’s…
HANOI — China became Vietnam’s largest seafood export market in the first half of 2025, with exports reaching $1.1 billion, up 45 percent year-on-year, according to official data. According to statistics from Vietnam’s Ministry of Agriculture and Environment, Vietnam’s total seafood export revenue in the first six months of 2025 reached $5.16 billion, up 16.9…
CAI MENG/CHINA DAILY The recent global momentum around stablecoin legislation has underscored the alternative currency’s growing influence in today’s international monetary and financial architecture. At the heart of this discussion lies a fundamental question: What exactly are stablecoins — and how should we understand their impact and relationship with sovereign currencies? For readers unfamiliar with…
How should China strengthen the resilience of its economy? In April, the Trump administration announced a surge in global tariffs, triggering strong responses from governments around the world and causing sharp turbulence in financial markets. Within three days of the announcement, global stock markets lost over $9.5 trillion in market capitalization, and volatility intensified significantly…
File photo shows a worker counts the US dollars at a bank in Tancheng County of Linyi city, East China’s Shandong province. [Photo/Xinhua] Economists and policy advisers have said that it is a strategic necessity for China to further scale back holdings in United States government debt in order to safeguard national financial stability, amid…
China will ramp up efforts to bolster the development of future-oriented industries such as humanoid robots, the metaverse and brain-computer interface, in order to foster new growth drivers, while accelerating the application of artificial intelligence in manufacturing as well as other key industries, according to the country’s top industry regulator. More efforts should be made…