BEIJING – China’s manufacturing and service sectors are expected to create over 10 million jobs each year from 2026 to 2030, Zheng Shanjie, head of the National Development and Reform Commission, said Friday. The two sectors combined are poised to grow by over 40 trillion yuan ($5.8 trillion) in value during the 15th Five-Year Plan…
BEIJING – China will establish a national-level mergers and acquisitions (M&A) fund this year to further smoothen exit channels for venture capital investment and improve capital turnover efficiency, head of the country’s top economic planner said Friday. The fund is expected to guide and leverage more than 1 trillion yuan ($145 billion) of investment from…
Continued efforts will be made to further improve the quality of the Chinese capital market and expand its size during the 15th Five-Year Plan (2026-30) period, Wu Qing, chairman of the China Securities Regulatory Commission, said during a news conference on Friday. The market mechanism and ecosystem facilitating long-term investment and the inflow of long-term…
BEIJING – China will deepen and refine the regulatory measures on high-frequency quantitative trading, focusing on the principle of fairness, Wu Qing, chairman of the China Securities Regulatory Commission, said on Friday. Wu made the remarks at a press conference on the sidelines of the fourth session of the 14th National People’s Congress, the national…
China will take the initiative to share the opportunities presented by its vast domestic market with the rest of the world through such initiatives as “Shopping in China”, “Export to China”, and “Invest in China”, Commerce Minister Wang Wentao said on Friday. For the “Shopping in China” campaign, the country will optimize the instant tax…
China will allocate 100 billion yuan ($15.4 billion) this year under a package of coordinated fiscal-financial policies to facilitate domestic demand expansion, Minister of Finance Lan Fo’an said on Friday in Beijing. Under the package, four targeted measures are designed for supporting private investment, while two are for boosting household consumption, Lan said, adding that…
China will continue to steadily expand high-level financial opening and help build a more equitable, inclusive, and resilient global financial governance system, Pan Gongsheng, governor of the People’s Bank of China, the country’s central bank, said on Friday. Pan made the remarks at a news conference of the fourth session of the 14th National People’s…
China expressed serious concern on Friday after the European Union released a new legislative proposal imposing restrictive conditions on foreign investment in several emerging strategic industries, warning that the measures could create investment barriers and undermine fair competition, according to China’s Ministry of Commerce. The European Commission unveiled the Industrial Accelerator Act on Wednesday, introducing…
In a strategic push to accelerate the internationalization of its commerce sector, Linyi in Shandong province is leveraging the Belt and Road Initiative to evolve from a national trading hub into a global one. “In 2025, we organized 1,667 enterprises to explore overseas markets in countries involved in the Belt and Road Initiative and hosted…
Chinese Commerce Minister Wang Wentao attends a press conference for the fourth session of the 14th National People’s Congress on economy in Beijing, capital of China, March 6, 2026. [Xinhua/Li Xin] China will expand imports of agricultural products, high-quality consumer goods, advanced technological equipment, and key components, as part of efforts to promote a more…