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Export control rules on dual-use items introduced

Containers carrying goods for export are seen in Qingdao Port, East China’s Shandong province. [Photo/VCG] The State Council, also known as China’s Cabinet, has recently rolled out regulations on the export control of dual-use items, which will take effect on Dec 1. The new regulations are not intended to prohibit exports of dual-use items, but…

Deals worth 5.57b yuan signed at conference attended by over 1,000 intl delegates

The second edition of the Linyi Trade City International Sourcing Conference for Belt and Road Initiative Cooperation was held in Linyi, Shandong province, from Thursday to Saturday. [Photo provided to chinadaily.com.cn] More than 1,070 international participants from 63 countries and regions, including 49 nations and regions involved in the Belt and Road Initiative, gathered in…

Large-scale debt swap eyed to boost economy

A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] China is likely to approve a debt swap program worth trillions of yuan as the beginning of a broader plan to decisively forestall any downward economic spiral, economists and policy advisers said. The debt resolution program — set to…

China’s foreign trade maintains stable growth

Containers are unloaded at Qingdao Port in Shandong province. [Photo by Yu Fangping/For China Daily] China’s total imports and exports of goods expanded 5.3 percent year-on-year in yuan terms in the first three quarters of this year, maintaining stable growth, official data showed on Monday. The goods trade volume expanded to 32.33 trillion yuan ($4.57…

Hainan aims big for niche sector

The advanced Sikorsky S76 medium twin-engine helicopter takes off from Sanya, Hainan and flies to Zhanjiang, Guangdong province. [Photo provided to chinadaily.com.cn] Hainan province plans to boost its low-altitude economy by aiming for a total economic output value exceeding 30 billion yuan ($4.24 billion) by 2026. The island province plans to achieve this by establishing…

Nation to build unified market

A view of the Huangpu River in Shanghai. [Photo/VCG] China will push ahead with the building of a unified national market as part of the country’s efforts to foster a more equitable and well-ordered development environment for market players, the State Council — the nation’s Cabinet — said on Friday. The imperative to adopt a…

Shanghai gears up for 7th China International Import Expo

Jinbao, mascot of the China International Import Expo. [Photo/Xinhua] Shanghai is gearing up for the upcoming 7th China International Import Expo, CCTV reported on Friday. This year’s event, scheduled from Nov 5 to 10, has received confirmation from over 70 countries and international organizations to attend the national exhibition, overtaking last year in its scale.…

Housing picks up on series of new policies

Prospective homebuyers look at a property model at a sales office in Beijing on Oct 6. [Photo/China News Service] BEIJING — As Niu Motian’s friends were enjoying gourmet dishes and showing off their new clothes during the National Day holiday, the white-collar employee in Beijing was conducting due diligence before buying something much more valuable.…

Goldman Sachs raises China economic growth forecasts

A view of Beijing’s CBD area on Aug 19, 2022. [Photo/VCG] NEW YORK – Goldman Sachs on Sunday lifted its forecasts on China’s economic growth for 2024 and 2025 on the grounds of the country’s recent pro-growth measures. China’s gross domestic products (GDP) would expand by 4.9 percent in 2024, up from an earlier forecast…

Relations with Central, Eastern European nations to grow

The sixth China-Central and Eastern European Countries Local Leaders’ Meeting which opened on Wednesday in Yantai, Shandong province, brought together more than 300 participants from Central and Eastern European countries. [Photo provided for chinadaily.com.cn] Participants at the 6th China and Central and Eastern European Countries Local Leaders’ Meeting said the China-CEEC cooperation mechanism has promoted…