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China does not seek trade advantages via currency devaluation: central bank governor

BEIJING – China has no need or intention to seek competitive edges in foreign trade through the depreciation of its currency, China’s central bank governor said Friday. Pan Gongsheng, governor of the People’s Bank of China (PBOC), made the remarks at a press conference on the sidelines of the fourth session of the 14th National…

China does not seek trade advantages via currency devaluation: central bank governor

BEIJING – China has no need or intention to seek competitive edges in foreign trade through the depreciation of its currency, China’s central bank governor said Friday. Pan Gongsheng, governor of the People’s Bank of China (PBOC), made the remarks at a press conference on the sidelines of the fourth session of the 14th National…

China to promote imports of high-quality consumer services: minister

BEIJING — China will promote imports of high-quality consumer services, including medical and health care services, as the country moves to vigorously develop trade in services, Chinese Minister of Commerce Wang Wentao said on Friday. China will make good use of visa-free and other policies, expand travel service exports, and tap the export potential of…

China’s trade-in program shifts toward green, high-tech products

China’s consumer goods trade-in program will prioritize green and intelligent products this year, while ensuring stronger support for brick-and-mortar retailers, the country’s commerce minister said on Friday. “Trade-ins are not simply about replacing old items with new ones,” Commerce Minister Wang Wentao said. “They also help create market space for emerging industries and high-tech products.”…

China has no need to weaken yuan for trade edge, says PBOC governor

This file photo shows an exterior view of the People’s Bank of China in Beijing, capital of China. [Photo/Xinhua] The renminbi is currently trading around the midpoint of its range in recent years, and China has neither the need nor the intention to weaken the currency to gain a trade advantage, Pan Gongsheng, the governor…

China’s emerging pillar industries to surpass 10t yuan in 2030: official

BEIJING — China’s six emerging pillar industries are expected to surpass 10 trillion yuan ($1.45 trillion) in total value in 2030, Zheng Shanjie, head of the National Development and Reform Commission, said Friday. The combined output of sectors, including integrated circuits, aviation and aerospace, biomedicine, the low-altitude economy, new types of energy storage, and intelligent…

China’s emerging pillar industries to surpass 10t yuan in 2030: official

BEIJING — China’s six emerging pillar industries are expected to surpass 10 trillion yuan ($1.45 trillion) in total value in 2030, Zheng Shanjie, head of the National Development and Reform Commission, said Friday. The combined output of sectors, including integrated circuits, aviation and aerospace, biomedicine, the low-altitude economy, new types of energy storage, and intelligent…

China to implement updated policies for departure tax refund: commerce minister

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China to implement updated policies for departure tax refund: commerce minister

Copyright 1994 – . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested…

China boosts fiscal support to strengthen economic resilience: finance minister

China’s more proactive fiscal policy this year is marked by expanded funding, robust policy support and enhanced coordination, aimed at effectively mitigating short-term fluctuations and strengthening economic resilience, Minister of Finance Lan Fo’an said at a news conference on Friday. The fiscal policy will continue to follow a more proactive stance, maintaining its strength from…