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China business group slams invocation of US trade act

China’s business community has urged the United States to stop overstretching trade restrictions and return to the rules-based multilateral trading system. In a statement released by the China Council for the Promotion of International Trade (CCPIT) on Thursday night, the organization called for the safeguarding of global industrial and supply chains and the resolution of…

‘Surrounded by Labubus at work? Sign me up!’

Meet Imane, a 26-year-old from Morocco. Her day job is sitting in a livestream studio filled with Labubus, where she sells cool Chinese products to the world. In Chengmai, Hainan, a growing team of international hosts is using the “foreign anchor plus cross-border e-commerce” model to help “Made in China” go global. These sellers are…

Green growth, stable energy prioritized

Tangshan, Hebei province-based Donggang station of Datong-Qinhuangdao Train Operations Section had unloaded 36 million metric tons of coal and 3.35 million tons of iron ore as of May 28. The State-owned station is a key hub for receiving iron ore imports and delivering coal to users. WANG ZHAO/FOR CHINA DAILY China’s top economic regulator —…

Wider global role seen for RMB

China has ample room to expand the global use of renminbi through trade and commodity settlement, supply chain finance and offshore market development, senior economists said, adding that the process will be gradual and largely hinges on continuing financial market reforms across the globe. As the existing US dollar-dominated architecture sees an erosion of global…

China opposes US trade restrictive measures over forced labor claims: commerce ministry

BEIJING — China’s Ministry of Commerce on Thursday voiced opposition to the US move of adopting unilateral trade restrictive measures against China under the pretext of so-called “forced labor.” Regarding the Section 301 investigation, China’s position has remained consistent, ministry spokesperson He Yongqian said at a regular press briefing, responding to a question regarding the…

China firmly opposes US’ unilateral restrictive measures

The spokeswoman for the Ministry of Commerce on Thursday expressed China’s firm opposition against the United States’ unilateral restrictive measures, including those imposed under the pretext of so-called “forced labor”. In response to a question regarding the US’ proposals to impose additional tariffs on economies allegedly involved in forced labor, commerce ministry spokeswoman He Yongqian…

China urges OECD to avoid politicizing research after criticisms on industrial subsidies

China urged the Organisation for Economic Co-operation and Development on Thursday to pursue research in an objective manner and avoid politicizing or instrumentalizing reports in a way that harms its own credibility, according to the Ministry of Commerce. The Paris-based organization released a report on Monday claiming that Chinese companies receive the largest amount of…

Nation eyes mega-infrastructure investment push

An image captures the construction of a box girder for the Jiaozuo-Luoyang-Pingdingshan High-speed Railway, a project partially undertaken by China Railway Construction Corp’s 24th bureau, in Jiaozuo, Henan province, on May 25. CHINA DAILY BEIJING — China is mulling multi-trillion-yuan investment through a “Six Networks” initiative, as the country works to expand domestic demand and…

Shanghai eyes 55 trln yuan asset management mkt

A night view of Shanghai’s financial hub. BAO GANSHENG/FOR CHINA DAILY Shanghai’s continued efforts to develop the asset management industry, driven by enriched product supply and optimized financial infrastructure, will facilitate the country’s high-quality economic growth and further consolidate the city’s role as a global financial center, said analysts and experts. Their comments were regarding…

Leaders’ visits offer view of China’s future

[Photo/Xinhua] Humanoid robots performing martial arts, robotic dogs demonstrating their agility and robots dancing to foreign folk music have become some of the more unusual scenes on foreign leaders’ trips to China this year. Behind the eye-catching moments is a broader trend: China’s vast market and technological strength are drawing visiting leaders beyond formal talks…