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…
[Photo/IC] From the 1990s to 2008, global industrial supply chains experienced a golden era. However, due to the United States’ adherence to the mindset of national competition and zero-sum game thinking, it has introduced various restrictive measures in recent years, leading to disruptions in the operation of those chains. Under such circumstances, rebuilding political trust…
[Photo/IC] China’s minister of commerce will hold a phone conversation with his US counterpart soon to discuss in-depth economic and trade issues of mutual concern between the two countries, CCTV News reported on Tuesday. The conversation, which serves as a regular mechanism of dialogue between the two commerce departments, will include issues such as the…