Visitors enjoy distinctive performance and interactive experiences at Yangliuqing ancient town in Tianjin on Sunday during the Spring Festival holiday. ZHAO ZISHUO/XINHUA China has witnessed robust consumer activity across sectors during the record nine-day Spring Festival holiday, offering an encouraging signal for consumer confidence as the world’s second-largest economy seeks to cement its recovery momentum,…
HAIKOU — During the first Spring Festival holiday since the launch of island-wide special customs operations in China’s Hainan Free Trade Port (FTP), the southern tropical island has become a popular destination for tourists, injecting fresh momentum into the tourism and consumption markets. At the iconic Qilou Old Street in the capital city of Haikou,…
China urges the United States to rescind its unilateral tariff measures imposed on trading partners, stressing that there are “no winners in trade wars” and that “protectionism leads nowhere”, the Ministry of Commerce said on Monday. Beijing’s comments came after the US Supreme Court’s ruling to strike down certain President Donald Trump’s sweeping tariffs. The US unilateral…
BEIJING — Chinese consumers ushered in the Spring Festival holiday with a burst of spending, filling restaurants and malls and traveling across the country, which offered an early-year boost to the consumption sector. In the first four days of the holiday break, average daily sales at major retail and catering businesses rose 8.6 percent from…
BEIJING — China recently submitted to the World Trade Organization a position paper outlining its stance on WTO reform under the current circumstances, the Ministry of Commerce said Thursday. It is the first policy document China has submitted to the WTO since the launch of the necessary WTO reform process in June 2022, which comprehensively…
BEIJING — In 2025, China saw a strong expansion of green loans, channeling more financial resources into low-carbon sectors and providing solid momentum for accelerating the country’s green economic and social transition, the central bank said. The balance of China’s green loans in local and foreign currencies stood at 44.8 trillion yuan (about $6.46 trillion)…
BEIJING — In 2025, China saw a strong expansion of green loans, channeling more financial resources into low-carbon sectors and providing solid momentum for accelerating the country’s green economic and social transition, the central bank said. The balance of China’s green loans in local and foreign currencies stood at 44.8 trillion yuan (about $6.46 trillion)…
BEIJING — China’s central bank and three other government departments have issued a guideline to establish a regular financial support mechanism to help prevent a relapse into poverty and advance all-around rural revitalization, the People’s Bank of China (PBOC) said on Saturday. The guideline, jointly released by the PBOC, the National Financial Regulatory Administration, the…
BEIJING — China’s Ministry of Commerce on Friday urged efforts to restore the smooth, stable operation of the global semiconductor supply chain, after a Dutch court announced a ruling related to semiconductor manufacturer Nexperia. A spokesperson for the ministry made the remarks when asked to comment on the Dutch Enterprise Chamber’s recent decision to launch…
BEIJING — Chinese regulators on Friday released the latest list of domestic systemically important banks, consisting of 21 lenders. Among these are six State-owned commercial banks, 10 joint-stock commercial banks and five urban commercial banks, according to the list released by the People’s Bank of China and the National Financial Regulatory Administration. The regulators divided…