The top leadership of the Communist Party of China called for stabilizing the real estate market and strengthening fiscal and monetary policy support at a meeting on Thursday, vowing to strive to hit the targets for this year’s economic and social development. Economists and market analysts said the meeting reflected top policymakers’ intensified emphasis on…
China has launched an anti-discrimination investigation into Canada’s recent trade-restrictive measures targeting imports of Chinese-made electric vehicles and steel and aluminum products, the Ministry of Commerce said on Thursday. The initial information and evidence gathered indicate that Canada’s imposition of additional tariffs on targeted Chinese imports constitutes discriminatory trade measures under Chinese law, the Ministry…
Customers participate in a themed promotional event at Haikou International Duty-Free City. [Photo provided to chinadaily.com.cn] CHENGDU – Local authorities in China have issued consumption vouchers to boost spending ahead of the country’s National Day holiday, a major occasion for consumption. On Thursday, the Sichuan provincial department of commerce announced that the province will pour…
Employees from various businesses work at a workspace operated by Switzerland-based International Workplace Group in Shanghai in August. [Photo/China Daily] International Workplace Group, a Switzerland-based provider of hybrid working solutions, will expand its service network to more than 2,000 locations across China over the next decade, said a senior executive. Currently operating over 130 workspace…
CAI MENG/CHINA DAILY To assess whether we can reach the annual economic growth target, we first need a reasonable analytical framework. Using the simplest expenditure method to analyze the possibility of achieving around 5 percent GDP growth in 2024, we must consider the three main components of economic growth: final consumption, capital formation, and net…
MA XUEJING/CHINA DAILY Cooperation among Regional Comprehensive Economic Partnership economies will continue to flourish and create benefits for the people of the region, a forum in South China’s Nanning, Guangxi Zhuang autonomous region, opined on Tuesday. RCEP allows the Association of Southeast Asian Nations to progress toward a new level of regional economic integration, laying…
Multinational corporations will further expand their presence and investment in Henan province and participate in the province’s high-quality development, given its huge market potential and robust industrial development prospects amid China’s high-standard opening-up, global business leaders and officials said. They made the remarks at the 2024 Cooperation and Exchange Conference between Henan Province and Multinational…
The early conclusion of negotiations for version 3.0 of the China-ASEAN Free Trade Area (CAFTA) will offer both China and member states of the Association of Southeast Asian Nations expanded market access for products and services in each other’s markets, said scholars and business executives on Wednesday. With both sides committed to expeditiously concluding the…
China’s accelerated push for promoting trade-in deals for products is paying off, with significant growth in consumer spending on key goods like automobiles and home appliances, providing a solid base for continued economic recovery in the following months, said officials and experts. Although the broader economy is still facing pressure from lackluster domestic demand and…
BYD showcases the intelligent parking features of its models in Shenzhen, Guangdong province, on Jan 16. CHINA DAILY BEIJING – Chinese companies and experts have criticized the growing protectionism and abuse of “national security” that underscore the US government’s latest plan to rid the country’s vehicles of Chinese technology and components. The US Commerce Department…