An employee works on the assembly line of a tractor manufacturer in Weifang, Shandong province. LI ZIHENG/XINHUA China is taking a key step toward fostering the healthy development of the private sector with the draft private economy promotion law made public on Thursday to solicit public opinions.Released by the Ministry of Justice and the National…
A Lane Xang electric multiple unit train of the China-Laos Railway in Vientiane on April 2. YANG YONGQUAN/XINHUA China and the Association of Southeast Asian Nations announced the conclusion of the China-ASEAN Free Trade Area (ACFTA) 3.0 Upgrade Negotiations in Vientiane, Laos, on Thursday, said China’s Ministry of Commerce. The ACFTA 3.0 will open up…
A worker is pictured at the production line of a textile company in Jimo district of Qingdao city, East China’s Shandong province, Oct 7, 2024. [Photo/Xinhua] China will likely hit this year’s annual growth target of around 5 percent with a projected pickup in fourth-quarter GDP growth, given the recently unveiled, bolder than expected stimulus…
Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, speaks at a signing ceremony of a document on amending the service trade agreement under the Closer Economic Partnership Arrangement (CEPA) in Hong Kong, Oct 9, 2024. [Photo/Xinhua] BEIJING – The Chinese mainland and the Hong Kong Special Administrative Region (HKSAR) have…
China-made products on display during a recent expo in Los Angeles. ZENG HUI/XINHUA Stable China-United States business ties would contribute to the security and stability of global industrial supply chains, fostering a favorable policy environment for collaboration between companies from both sides, said market watchers and business executives on Wednesday. China’s Ministry of Commerce said…
A vessel is docked at a container terminal in Duisburg, North Rhine-Westphalia, Germany, in October last year. The city is a key hub for trade between China and Europe. [Photo/Agencies] China’s anti-dumping measures on imported brandy from the European Union are fully compliant with the World Trade Organization’s rules, the Ministry of Commerce said on…
Investors consult with employees of a securities exchange company in Jinhua, Zhejiang province, about equity trading on Tuesday. [Photo by Shi Bufa/ For China Daily] As there have been more signs recently of a bull run in the A-share market, including soaring indexes and the stratospheric level of the trading volume, more economic stimulus policies…
A view of the Victoria Harbor in Hong Kong. [Photo/IC] Following a 36.1 percent surge in visitors during the weeklong National Day holiday, the Hong Kong Special Administrative Region’s government and business community are hoping that year-round inbound travel numbers and consumer spending will bounce back to pre-COVID levels. The National Day holiday, which began…
A consumer (right) learns about trade-in plans for home appliances at a store in Chongqing in July. SUN KAIFANG/FOR CHINA DAILY BEIJING – The ongoing trade-in program for home appliances has led to a surge in sales revenues which topped 33.5 billion yuan ($4.78 billion) since August, the latest data from the Ministry of Commerce…
AI China’s economy is grappling with the significant challenge of weak consumer demand. Data from second-quarter GDP growth show that gross capital formation, final consumption expenditure, and net exports contributed 1.9, 2.2, and 0.6 percentage points to economic growth, respectively. Notably, the role of consumption in driving economic growth has waned, declining by 1.7 percentage…