China Development Bank has signed a 2.1 billion yuan ($292.5 million) loan agreement with the Development Bank of Southern Africa, the Chinese bank said in a news release on Wednesday. The deal, inked during the BRICS Interbank Cooperation Mechanism annual meeting in Rio de Janeiro, Brazil, on Tuesday, will channel funding toward projects in sectors…
A customer shops for eggs at a supermarket in Handan city, North China’s Hebei province, June 9, 2025. [Photo/Xinhua] BEIJING – China’s consumer price index (CPI), a main gauge of inflation, rose 0.1 percent year-on-year in June, reversing a 0.1 percent decline registered in the previous month, as the nation’s measures aimed at expanding domestic…
The interfaces of Shein and Temu apps are displayed on smartphones. CHEN YIHANG/FOR CHINA DAILY Shane Anderson, an office clerk from London, recently bought Chinese-made small household appliances, including a robotic vacuum cleaner and an air fryer, through Chinese e-commerce platforms. A robotic vacuum cleaner usually sells for more than 350 pounds ($478) at a…
The Chinese mainland added eight Taiwan entities, including military equipment suppliers, to its export control list on Wednesday in a move it said was aimed at warning separatist forces against repeated provocations. The Ministry of Commerce said the companies, including “defense “supplier Aerospace Industrial Development Corporation, had “deliberately cooperated with ‘Taiwan independence’ separatist forces”. Other…
BEIJING – The total value of China’s marine economy surpassed 10 trillion yuan ($1.4 trillion) in 2024 — a first in the country’s history, Zheng Shanjie, head of the National Development and Reform Commission, said on Wednesday. Zheng unveiled the data at a press conference, where he presented achievements in social and economic development during…
New vehicles from the Japanese auto makers Honda and Subaru are seen at a parking lot in the Port of Richmond, as trade tensions escalate after US President Donald Trump said he would impose a 25 percent tariff on goods from Japan and South Korea starting on Aug 1, at the bay of San Francisco,…
BEIJING – China’s Ministry of Commerce said Saturday that it has accepted price undertakings from 34 European Union (EU) brandy producers in the final ruling of an anti-dumping investigation into brandy imports from the EU. These companies will not be subject to anti-dumping duties when exporting to China, provided they meet the agreed terms, an…
China’s accelerated efforts to build a unified national market will not only eliminate domestic market barriers, but also open broader opportunities for foreign investors, as the country deepens market-oriented reforms and high-standard opening-up, experts said on Monday. “Building a unified national market is not just critical to smoothing out domestic circulation, but is also key…
Editor’s note: The State Council Information Office invited five representatives from the Customs department on Thursday to share their frontline stories of safeguarding the country’s borders and facilitating high-quality growth. Ye Wei, deputy director of the Office of Beilun Customs, Ningbo Customs District Ningbo Zhoushan Port is showcasing the strength of a world-class seaport, with…
Employees check lifting equipment at Tianjin Port. [Photo/Xinhua] China’s efforts to replicate pilot measures from the China (Shanghai) Pilot Free Trade Zone in more FTZs and other parts of the country will further promote trade liberalization, while providing stronger support for the growth of foreign businesses, said government officials on Friday. According to a State…