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…
The RCEP High-Level Dialogue on Economic and Trade Cooperation was held on Monday during the 21st China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region. [Photo provided to chinadaily.com.cn] Cooperation among the Regional Comprehensive Economic Partnership countries will continue to flourish and create benefits for the people of the region, a forum in Southwest China’s Nanning…
The skyline of Beijing. [Photo/VCG] PARIS – Global gross domestic product (GDP) growth is projected to stabilize at 3.2 percent in both 2024 and 2025, while inflation should continue to ease, the Organisation for Economic Cooperation and Development (OECD) said on Wednesday in its latest economic outlook. Tanks to chinadaily.com.cn Please visit: Our Sponsor
[Photo/IC] China firmly opposed the United States’ plan to prohibit Chinese software and hardware in connected vehicles on American roads and called for the withdrawal of relevant restrictive measures, the Ministry of Commerce said on Wednesday. Over the years, the US has resorted to a series of protectionist measures against Chinese automotive products, including imposing…
Men shoot hoops at a park in Hefei, Anhui province, on Sept 18. [ZHAO MING/FOR CHINA DAILY] The Chinese mainland has topped the global wellbeing index, driven by a growing emphasis on fitness and community bonding, according to a recent industry survey. The Global Wellbeing Report 2024 reveals that residents on the Chinese mainland scored…
During the 2024 Cooperation and Exchange Conference between Henan Province and Multinational Corporations, Mu Yankui, president of Yihai Kerry Arawana Group, highlighted Henan’s unique resources and market environment for grain and oil food processing enterprises as a populous region and a major grain-producing area. He commended the local government for its swift response to corporate…
[Photo/VCG] China and Switzerland commenced negotiations to upgrade the Sino-Swiss free trade agreement (FTA) on Monday, said the Ministry of Commerce in an online statement. During his meeting with Guy Parmelin, Swiss federal councilor and head of the Swiss Federal Department of Economic Affairs, Education and Research via a livestream, Chinese Minister of Commerce Wang…
A view of the venue for the 20th China-ASEAN Expo in Nanning, South China’s Guangxi Zhuang autonomous region. PENG HUAN/FOR CHINA DAILY NANNING – Participants at the 21st China-ASEAN Expo, which kicked off on Tuesday in Nanning, South China’s Guangxi Zhuang autonomous region, emphasized the importance of deepening economic and trade cooperation between the two…
An exhibitor introduces a model of Boeing 777X aircraft at the 16th International Exhibition on Transport Technology and Equipment held in Beijing, Sept 23, 2024. [Photo/VCG] Hosted by the Ministry of Transport, the 16th International Exhibition on Transport Technology and Equipment, known as China Transpo, kicked off at Shougang Park, Shijiangshan district in Beijing on…