A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] Despite facing a substantial external demand gap caused by US tariffs, keeping the renminbi exchange rate generally stable as much as possible should remain the best option for Chinese policymakers, said leading economists and policy advisers.…
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An action plan to further improve the facilitation of cross-border financial services provided in Shanghai was released on Monday, aiming to step up the support for Chinese companies’ outbound reach and better address the country’s Belt and Road Initiative. Made up of 18 detailed policies, the action plan will support various market entities to participate…
The 5th China International Consumer Products Expo takes place on Sunday in Haikou, Hainan province. [By LI TIANPING/for chinadaily.com.cn] HAIKOU – Driven by booming tourism, innovative policies and robust retail growth, China’s island province of Hainan is rapidly becoming a vital domestic and international consumption destination, said a white paper released during the ongoing 5th…
[Photo provided to chinadaily.com.cn] Founded in February 2024, the Shanghai Eastern Hub International Business Cooperation Zone (IBCZ) will start operation in Pudong New Area this year, aiming to become a pacesetter for China’s high-level opening-up. The zone will serve as a platform linking global resources and fostering win-win collaboration, injecting “Chinese momentum” into global economic…
Vessels under construction at a shipyard in Rongcheng, East China’s Shandong province. [Photo by Li Xinjun/For China Daily] Approximately 70 percent of surveyed CEOs disapprove of the United States’ tariff policies, according to a report titled, “Nearly 70 percent of CEOs disapprove of Trump’s tariffs: Survey”, published by The Hill on Saturday. About 67 percent…
An aerial drone photo shows the Qingdao Port in East China’s Shandong province, Feb 11, 2024. [Photo/Xinhua] As the United States “walks away from its responsibility as a major power to advance open global trade” by engaging in a tariff war, China is doubling down on its efforts to boost globalization and free trade by…
A container with the words “from Chancay to Shanghai” printed on it is pictured at Yangshan Port, East China’s Shanghai, Dec 18, 2024. [Photo/Xinhua] As the global economic and trade landscape continues to evolve, Chinese manufacturing enterprises should step up efforts to adjust production capacities globally, expand presence in emerging markets and bolster technological advancements,…
Policies are expected to continue to intensify efforts to expand domestic demand and boost consumption, experts said at a first-quarter data analysis event held by China News Service in Beijing recently. Fiscal policy should transition from an emphasis on investment to a balanced emphasis on both investment and consumption, shift focus from enterprises to households,…
An aerial view of the container wharf of Qinzhou Port in South China’s Guangxi Zhuang autonomous region. [Photo/Xinhua] China will strengthen the building of domestic pilot free trade zones, carry out pioneering and leading reforms, and firmly respond to external risks and challenges in the light of a complex and severe international situation, the Ministry…