China has granted more export approvals of rare earth elements to European companies recently, the European Union Chamber of Commerce in China said on Friday. The relaxation came after a meeting in late May hosted by the Chinese Ministry of Commerce, where the rare earth controls were discussed among Chinese and European semiconductor firms. “There…
Workers and robotic arms operate at the production line of Volkswagen Anhui, the carmaker’s first electric vehicle joint venture in China, in Hefei, Anhui province, on May 21. [Photo provided to CHINA DAILY] At the Auto Shanghai show in April, an executive of Volkswagen — one of the world’s biggest auto manufacturers — made a…
Driven by burgeoning inbound tourism and robust growth in the knowledge-intensive service sector, China’s trade in services registered swift expansion in the first four months of the year, underscoring the country’s efforts in fostering new growth drivers amid rising trade barriers, analysts said. Although uncertainties still cloud tariff negotiations with the United States, China is…
German adhesive solutions manufacturer tesa is doubling down on China’s booming energy storage sector. “The global energy storage sector is a super attractive market, which is very much driven by China. There’s plenty of opportunities to deal with…We will continue to invest in China,” said Stephen Hauber, president and regional manager of tesa Greater China. …
BEIJING — China’s Ministry of Finance on Wednesday issued this year’s third batch of yuan-denominated treasury bonds — worth a total of 12.5 billion yuan ($1.74 billion) — in the Hong Kong Special Administrative Region. The issuance included 3.5 billion yuan of two-year bonds, 3 billion yuan of three-year bonds, 3 billion yuan of five-year…
This photo taken on June 7, 2024 shows a smart assembly line at Seres Group’s super factory in Liangjiang New Area, Chongqing, Southwest China. [Photo/Xinhua] BEIJING — China will launch a pilot in some 30 cities to integrate human resources (HR) services with the manufacturing sector, the Ministry of Human Resources and Social Security said…
The European Union’s latest move to exclude Chinese companies from bidding on public procurement contracts in the medical devices sector has raised concerns over rising protectionism within the bloc and the potential for escalating trade tensions with China, market watchers said on Wednesday. Their comments came after EU member states decided to block Chinese companies…
A clerk counts cash at a bank in Nantong, Jiangsu province. [Photo/Sipa] China has taken a concrete step toward addressing crippling issues faced by the private sector, with a revised regulation guaranteeing payments owed to small and medium-sized enterprises. This marks China’s latest move in clearing arrears owed to SMEs through an institutional arrangement, which…
This photo taken on Sept 8, 2023 shows a view of the 23rd China International Fair for Investment and Trade (CIFIT) in Xiamen, East China’s Fujian province. [Photo/Xinhua] Financial capital investment will be a focus of the 25th China International Fair for Investment and Trade (CIFIT) to be held in Xiamen, Fujian province, between Sept…
Turning policy instruments into outright trade barriers would not only harm interests of China and the European Union but also weaken global confidence in economic recovery and sustainable growth, said China Chamber of Commerce to the EU on Tuesday. This move followed media reports that EU member states have recently approved restrictive measures under the…