Though China faces some challenges related to exchange rates and economic growth this year, partly due to external uncertainties, its importance in the global economy remains unchanged, especially at a time when the world is undergoing a reconfiguration in supply chains and capital flows, according to a senior executive at a global asset manager. Expecting…
China will double down on the development of trade and consumption of services as they are recognized as crucial levers for stabilizing foreign trade and expanding domestic demand, the State Council, the country’s Cabinet, said on Friday. China will implement the negative list for cross-border trade in services across the board and align with international…
China hopes to expand green industry cooperation with Europe, including the cooperation on electric vehicles, and hopes for an early signing and taking effect of the China-EU Comprehensive Agreement on Investment, the Ministry of Commerce said on Thursday. “China and Europe are important economic and trade partners, with complementary advantages and mutual benefits in economic…
Inbound tourists arriving by cruise ship watch a lion dance performance in Shanghai, Jan 8, 2025. [Photo/Xinhua] Young Chinese have developed new business avenues on the side, such as teaching Chinese, Chinese name-giving and foreign language tour guides, fueled by the growing popularity of inbound tourism and a trend of more foreign users registering on…
BEIJING – China’s Ministry of Finance released a framework for sovereign green bonds on Thursday, paving the foundation for the country to issue offshore sovereign green bonds and global capital to invest in its green development. The funds raised by green bonds under the framework will be allocated to eligible green projects included in the…
The People’s Bank of China. [Photo/IC] BEIJING – The People’s Bank of China (PBOC) will promote the use of renminbi (RMB) in cross-border payments, pricing, investment and financing, with an aim to facilitate international trade, investment and financing, according to a statement published Thursday. The central bank said it would develop the offshore RMB market,…
Consumers inspect mobile devices in a shopping mall in Ji’an city, Jiangxi province, Feb 7, 2025. [Photo/IC] BEIJING – Chinese consumers have benefited from the country’s pro-consumption policies, which cover goods such as mobile phones, home appliances and automobiles, said the Ministry of Commerce on Thursday. As of Wednesday, 169,000 vehicles were scrapped and recycled…
The Symposium on AI for Science takes place in Beijing on Feb 19. [Photo/wicinternet.org] The Symposium on AI for Science (AI4S) in Beijing on Feb 19 brought together AI experts, government officials, researchers, and industry leaders. Organized by the World Internet Conference Specialized Committee on AI in collaboration with Alibaba Group, the event explored AI’s…
A truck loads containers at Tangshan Port, North China’s Hebei province. [Photo/Xinhua] Once the United States imposes its proposed “reciprocal tariffs”, it will inevitably seriously undermine the multilateral trading system and affect the global supply chain, the Ministry of Commerce said on Thursday. The ministry’s comments follow US President Donald Trump’s signing of a memorandum…
A view of the Huangpu River in Shanghai. [Photo/VCG] China encourages foreign businesses to expand investment in sectors including advanced manufacturing, modern services, high-tech industries and energy conservation, further advancing its economic openness and innovation-driven growth, government officials said on Thursday. Speaking at a news conference in Beijing, they said that China will soon introduce…