A cargo vessel loads in Qingdao Port, Shandong province. ZHANG JINGANG/FOR CHINA DAILY China will actively expand imports and promote balanced trade, as the country moves to turn itself into the “world’s market”, a consumption powerhouse that shares its massive potential of domestic demand with global businesses amid rising protectionism, experts and executives said. Earlier…
Visitors interact with a robot at the 2025 China International Fair for Trade in Services at Shougang Park in Beijing, on Saturday. The event, open to the public on Saturday and Sunday, offered free admission to visitors with reservation. ZOU HONG/CHINA DAILY China’s push to open up its service sector is unlocking new growth avenues…
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A shop assistant display gold jewelry featuring the theme of the Year of the Horse, at a store in Binzhou, East China’s Shandong province, on Jan 16. [Photo/Xinhua] China’s central bank continued to increase its gold reserves in March, extending its buying streak to 17 consecutive months, even as several other central banks moved to…
China’s foreign exchange reserves declined in March, snapping a seven-month streak of increases, as a stronger US dollar and falling global asset prices weighed on valuation, official data showed on Tuesday. The country’s foreign exchange reserves stood at $3.3421 trillion at the end of March, down $85.7 billion, or 2.5 percent, from the end of…
During the three-day Qingming Festival holiday, an estimated 845.38 million passenger trips were made across China, up 6 percent year-on-year, according to the Ministry of Transport. [Photo/Xinhua] Editor’s note: China’s Qingming Festival holiday, which ran from April 4 to 6 this year, saw a marked rise in both passenger travel and consumption, with momentum lifted…
Using the renminbi to price major commodities such as oil may be “an indispensable step” in advancing the currency’s global role, and its internationalization could follow a path of expanding influence from the Global South toward developed markets, said a renowned Chinese economist. “Pricing is a crucial component of RMB internationalization,” said Huang Yiping, dean…
BEIJING — Several Chinese government departments have jointly issued guidelines to advance high-quality development of the e-commerce sector, aiming to strengthen its role in supporting the real economy, the Ministry of Commerce announced on Monday. The document outlines key measures to deepen the integration of the digital and real economies, focusing on empowering small and…
Consumers shop for duty-free goods at a duty-free store in Haikou, Hainan province, on Thursday. SU BIKUN/FOR CHINA DAILY China’s Hainan Free Trade Port is drawing global investors as surging duty-free sales fuel economic growth, cementing its role as a hub for international brands, capital and tourism, said market watchers and foreign business leaders. Their…
People shop for smartphones and other consumer electronics eligible for the Chinese government’s trade-in subsidies at a retailer in Zaozhuang, East China’s Shandong province, Feb 21, 2026. [Photo/Xinhua] BEIJING — China’s government-backed consumer goods trade-in programs benefited over 60.93 million purchases in the first quarter of 2026, boosting sales of 433.17 billion yuan (about $62.84…