A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] BEIJING — China-US economic and trade relations are mutually beneficial and win-win in nature, and cooperation benefits both sides while confrontation harms both, said a white paper released by China’s State Council Information Office on Wednesday. Maintaining the stable development of China-US economic…
A US cargo ship docks at the Qingdao Port, Shandong province. [Photo by Yu Shaoyue/For China Daily] BEIJING — With firm will and abundant means, China will resolutely take countermeasures and fight till the end if the United States insists on further escalating economic and trade restrictive measures, China’s Ministry of Commerce said Wednesday. “I…
The Chinese and Australian national flags in Sydney, Australia. [Photo/Xinhua] SYDNEY — The Australian trade minister said on Tuesday that the decade-old China-Australia Free Trade Agreement (ChAFTA) has boosted prosperity in both countries. “The ChAFTA has made a major contribution to the prosperity, particularly in Australia, but I also like to think of China, over…
A clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] By disrupting global trade and triggering recession risks, the United States’ new tariff push may have an unintended result of giving rise to alternative international currencies, including the Chinese renminbi, also known as the yuan, experts said. “To supply global dollar liquidity,…
China’s top economic regulator has pledged efforts to tackle issues faced by enterprises and support the development of the private sector, as it seeks to buffer the impact of the latest round of sweeping new tariffs from the United States. Zheng Shanjie, head of the National Development and Reform Commission, hosted a meeting on Tuesday…
China will expand its instant tax refund for purchases by overseas tourists nationwide in a move to boost inbound travel and consumption, the State Taxation Administration said on Tuesday. The service, which allows foreign visitors to receive tax rebates immediately after buying, rather than upon departure, was previously piloted in cities including Beijing, Shanghai, Guangzhou,…
BEIJING — China’s State-owned Assets Supervision and Administration Commission of the State Council said on Tuesday it fully supports central State-owned enterprises in expanding share purchases and buybacks to safeguard shareholders’ rights and consolidate market confidence. Tanks to chinadaily.com.cn Please visit: Our Sponsor
A US cargo ship docks at the Qingdao Port, Shandong province. [Photo by Yu Shaoyue/For China Daily] The United States will likely experience more pain from retaliatory tariffs than China, said Steve Cochrane, chief Asia-Pacific economist at Moody’s Analytics during an interview with CCTV News on Monday. He explained that while the US is China’s…
A pedestrian passes the Shanghai Stock Exchange in Pudong New Area. WANG GANG/FOR CHINA DAILY China has launched its own version of a “stock market stabilization fund” as the country’s central bank vowed to provide funding support for the Central Huijin Investment Ltd to increase holdings in the A-share market, analysts said. On Tuesday, the…
This photo taken from Jingshan Hill on Aug 12, 2024 shows the skyscrapers of the central business district (CBD) on a sunny day in Beijing. [Photo/Xinhua] The Ministry of Finance has said it deeply regrets and firmly disagrees with Fitch Ratings’ decision to downgrade China’s sovereign credit rating, describing the move as “biased” and “failing…