South China’s Guangdong province remained a prime destination for foreign investment in the first two months of the year, indicating that global enterprises continue to have a positive outlook on the province and the Guangdong-Hong Kong-Macao Greater Bay Area. Despite geopolitics and tariff frictions between the United States and major economies around the world, Guangdong,…
Bill Winters, group chief executive of Standard Chartered, speaks during the recent China Development Forum in Beijing. CHINA DAILY Standard Chartered PLC is firmly optimistic about China’s economic prospects and has actively aligned its business strategies with economic trends, such as the high-quality development of the private economy and the rapid application of artificial intelligence technologies,…
China is mulling raising the foreign debt ceiling for high-technology enterprises while expanding the reach of policies that facilitate corporate foreign exchange management, as part of the country’s all-round efforts to enhance financial support for private enterprises, said the State Administration of Foreign Exchange. Executives and experts said the moves will support private, tech-oriented enterprises…
[Photo provided to chinadaily.com.cn] China’s Hainan province emerged as the newest high-level player in the free trade port arena during the fourth Global Free Trade Port Development Forum, where global leaders and policymakers championed free trade ports as vital engines for economic growth amid rising protectionism. Xie Jing, vice-governor of Hainan, acknowledged the global trade…
While the tariff policies wielded by the United States have ushered global businesses into a period of increased uncertainty, China is focused on building open and shared industrial chains to embrace international cooperation, and is leveraging its growing consumption momentum to boost global demand, senior economists said. “While the high tariffs tipped by US President…
Lujiazui, Shanghai’s financial center, forms a perfect backdrop to Shanghai’s Bund. [Wang Gang/For China Daily] The growing presence of more international industry leaders serves as a snapshot of Shanghai’s continued efforts to open up its financial market and bring its financial capacity to the next level. A new Memorandum of Understanding signed between the Shanghai…
The net inflow of foreign investment into Chinese debt securities rose more than fourfold to $46.8 billion in 2024 as the comprehensive return from investments in yuan-denominated bonds kept stable, the State Administration of Foreign Exchange said on Friday. Meanwhile, China attracted new capital for inward equity-based foreign direct investment worth $90.9 billion in 2024,…
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Chi Fulin, president of the China Institute for Reform and Development, speaks at the fourth Global Free Trade Port Development Forum, a sub-forum of the Boao Forum for Asia Annual Conference 2025, on Tuesday. [Photo provided to chinadaily.com.cn] The Regional Comprehensive Economic Partnership plays a key role in advancing regional economic integration, said Chi Fulin,…
[Photo/IC] The United States’ decision to add dozens of Chinese entities to its export blacklist will disrupt the security and stability of global industrial and supply chains, said China’s Ministry of Commerce. The US Department of Commerce’s Bureau of Industry and Security (BIS) on Tuesday added 80 entities to its export control Entity List, including…