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CIIE showcases opportunities in, openness of Chinese market

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Visitors take photos of a humanoid robot on Saturday at the exhibition area for intelligent industry and information technology during the seventh China International Import Expo in Shanghai. The six-day exhibition ended on Sunday. YAN DAMING/FOR CHINA DAILY The seventh China International Import Expo, which concluded in Shanghai on Sunday, served as an important platform…

China’s foreign trade up 5.2% in Jan-Oct period

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China’s foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan ($5.02 trillion) in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. China’s…

New carbon trading platform seen as key to green goals

This undated photo shows a bird’s eye view of Qianhai of Shenzhen, Guangdong province. [Photo provided to China Daily] Shenzhen’s new carbon trading platform marks a significant step toward China’s push for carbon neutrality, as it will revolutionize carbon trading and set up a comprehensive system to measure and label greenhouse gas emissions in the…

Growth expected to pick up after lull

The skyline of Beijing. [Photo/VCG] China’s economy showed early signs of having bottomed out across the board in October, indicating that the country’s ramped-up efforts to revitalize domestic spending against external uncertainties are starting to yield effects, analysts said on Tuesday. They commented as data from media group Caixin pointed to the fastest expansion of…

Graded policy steps boosting foreign investor confidence

Employees work on a Volkswagen smart production line in Hefei, Anhui province, in September. [CHEN ZHUO/FOR CHINA DAILY] BEIJING — Foreign investors are becoming increasingly bullish on the Chinese market, bolstered by the country’s recent incremental policies aimed at vitalizing growth momentum. UBS Investment Bank has raised its China 2024 growth forecast to 4.8 percent…

IMF official: Asia powerhouse of global economy

Krishna Srinivasan (left), director of the International Monetary Fund’s Asia and Pacific Department, attends a media conference in Colombo, Sri Lanka, in May 2023. [Photo/Xinhua] WASHINGTON — Asia, which is contributing 60 percent to global growth, is clearly the powerhouse of the global economy, said Krishna Srinivasan, director of the International Monetary Fund’s Asia and…

Green innovations at Canton Fair showcase China’s industrial vitality

The beautified exterior of the 136th session of the China Import and Export Fair in Guangzhou, South China’s Guangdong province on Oct 13, 2024. [Photo/VCG] GUANGZHOU – A huge robot made from 20,800 bottle caps waves its arms, turning its head to look around at the children and adults who have gathered to take photos.…

GCCF to bolster biz potential for firms

Containers are unloaded at Qingdao Port in Shandong province in March. [Photo by Yu Fangping/For China Daily] The Global Chamber of Commerce Federation (GCCF) was officially launched on Friday, aiming to further break down barriers across various regions and sectors as well as help companies around the globe explore business opportunities. The establishment of the…

Nation set to further boost foreign trade

A truck loads containers at Tangshan Port, North China’s Hebei province. [Photo/Xinhua] China is making solid efforts in boosting the steady growth of its foreign trade sector, as this will give a much-needed boost to the continuous recovery and betterment of the economy, the State Council, the country’s Cabinet, said on Friday. China will ramp…

GBA trillion-yuan market fosters Sino-foreign cooperation

This undated photo shows a bird’s eye view of Qianhai of Shenzhen, Guangdong province. [Photo provided to China Daily] Foreign investors and business representatives are urged to make the Guangdong-Hong Kong-Macao Greater Bay Area an important destination for their investments and businesses in order to jointly construct and share the most open, innovative and dynamic…