A display shows Chinese stock indices in Shanghai on Wednesday. CHINA DAILY While the A-share market underwent some adjustments on Thursday, experts are still upbeat on the A-share market performance in the following months, which is supported by China’s continued industrial restructuring and economic recovery. The benchmark Shanghai Composite Index shed 1.52 percent to close…
Vehicles await export at a port in Taicang, Jiangsu province, on Monday. JI HAIXIN/FOR CHINA DAILY BEIJING — China’s auto industry is accelerating its green and high-quality transformation, powered by the rapid growth of new energy vehicles, which signaled a structural shift by accounting for more than half of China’s monthly car sales in April.…
The outcomes achieved by China and the United States in their latest round of economic and trade consultations could help bring more certainty and confidence to global industrial and supply chains, and may contribute to stabilizing the world economy amid rising geopolitical and trade uncertainties, market observers and executives said. The Ministry of Commerce announced…
The Ministry of Commerce announced on Thursday that China stands ready to work with the United States on the basis of equality, mutual respect and reciprocity to expand areas of cooperation. This follows candid, in-depth and constructive consultations on economic and trade issues of mutual concern held between the two sides in the Republic of…
The Ministry of Commerce said on Thursday that China would take effective measures to safeguard the legitimate rights and interests of Chinese companies following reports concerning the United Kingdom government’s potential nationalization of British Steel. The response follows media reports that the British government plans to nationalize British Steel, which is currently owned by China’s…
Shoppers seen at a supermarket in Zaozhuang, Shandong province. SUN ZHONGZHE/FOR CHINA DAILY China’s household income growth slowed in the first quarter and failed to keep pace with GDP, underscoring the urgency for policymakers to quickly flesh out detailed measures under their previously announced income growth plans, economists said. Per capita disposable income rose 4.9…
An African goods market is pictured during the May Day holiday in Changsha, Hunan province, on May 1. DENG YILIN/XINHUA CHANGSHA — When more than 6,000 bottles of South African wine cleared customs at Changsha Huanghua International Airport in Central China’s Hunan province on May 1, the importer received an immediate benefit from China’s expanded…
Vice-Premier He Lifeng meets with US Treasury Secretary Scott Bessent on Wednesday ahead of China-US economic and trade consultations in the Republic of Korea. ZHANG XIAOYU/XINHUA Delegations from China and the United States held candid, in-depth and constructive consultations on Wednesday on economic and trade issues of mutual concern and ways to deepen practical cooperation,…
Visitors taste wine from California at the food and agriculture pavilion of the United States last year during the 8th China International Import Expo in Shanghai. The pavilion covered 350 square meters and featured 19 exhibitors, both record highs for the event. PROVIDED TO CHINA DAILY Business leaders from the United States have voiced their…
BEIJING – China’s State Administration for Market Regulation (SAMR) on Wednesday announced a nationwide campaign aimed at tackling obstacles to building a unified national market and fostering fair competition. Running from May to December, the campaign will focus on problems that impede fair market access and independent business operations, as well as those that restrict…