[Photo/VCG] BEIJING — China is willing to work with the United States to promote stable, healthy and sustainable economic and trade relations, based on the principles of mutual respect, peaceful coexistence, and win-win cooperation, the Ministry of Commerce said on Thursday. “Tariff measures are not conducive to the interests of either China or the United…
Shanghai unveils a series of consumption promotion events on January 22 as part of the initiative launched by the Ministry of Commerce to celebrate the upcoming Spring Festival, which was inscribed by the UNESCO on intangible cultural heritage list. [Photo provided to chinadaily.com.cn] Shanghai unveiled a series of consumption promotion events on Wednesday as part of…
A view of the headquarters of China Securities Regulatory Commission in Beijing. [CHINA DAILY] China will implement the second phase of a pilot program aimed at facilitating insurance funds making long-term stock investments in the first half of 2025, with a program size of no less than 100 billion yuan ($13.7 billion), said Wu Qing,…
[Photo/VCG] BEIJING — China’s public offering fund sector has maintained a stable development trend in recent years, with further measures set to boost the development of this sector in 2025, an official said at a press conference on Thursday. Assets under the management of China’s public offering funds rose to 33 trillion yuan ($4.6 trillion)…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING — Chinese financial authorities have unveiled a plan to detail measures for encouraging medium- and long-term funds into the capital market to further stabilize stock performance, the country’s top securities regulator said Wednesday. The document, jointly released by…
Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] BEIJING — China’s Ministry of Commerce announced Wednesday a decision to extend anti-dumping duties on ortho-dichlorobenzene (ODCB) imports from Japan and India for five years, effective Jan 23, 2025. This decision follows a sunset review initiated in January…
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] With many parts of the world facing potential tariff hikes from the new administration of the United States, a large number of Chinese manufacturers have been taking proactive steps to diversify their trade markets, focusing on expanding into emerging markets and upgrading products.…
A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] China will optimize the assessment systems of State-owned insurance companies and the national social security fund to increase their investments in the A-share market, as part of the country’s latest plan to attract more long-term capital for market stability. The office…
An aerial view of the Lin-gang Special Area of China Shanghai Pilot Free Trade Zone. [Photo provided to chinadaily.com.cn] China has further opened up the financial sector by pledging equal treatment for domestic and foreign financial institutions in terms of launching new financial services in eligible free trade zones, according to a new guideline. The…
A view of the Huangpu River in Shanghai. [Photo/VCG] Cross-border renminbi settlement realized in Shanghai hit a record high of 29.8 trillion yuan ($4.1 trillion) in 2024, People’s Bank of China Shanghai head office said on Wednesday. Shanghai accounted for 47 percent of China’s total cross-border RMB settlement last year, according to Ge Qing, director…