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China adds 20 Japanese entities to export control list

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BEIJING – China’s Ministry of Commerce on Tuesday added 20 Japanese entities, including Mitsubishi Heavy Industries Shipbuilding Co, to its export control list to safeguard national security and interests and fulfill international obligations such as non-proliferation. Export operators are prohibited from exporting dual-use items to the entities, which are involved in enhancing Japan’s military capabilities. Overseas…

PwC executive: Foreign investors optimistic on China

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Foreign entrepreneurs investing in China focus on industrial services, energy, public utilities and resources, and consumer industries, said Zhou Xing, head of public affairs at PwC China to China Daily Website during a recent interview. Investors are optimistic about China’s full industrial chain ecosystem, with new energy and resources sectors boasting strong global appeal and…

Beijing urges US to rescind tariff measures

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China has urged the United States to rescind its unilateral tariff measures imposed on trading partners, and said it would keep a close eye on any “alternative measures” adopted by Washington to sustain hefty duties, the Ministry of Commerce said on Monday. While China remains committed to working with the US for mutual benefit and…

China is assessing impact of US Supreme Court’s tariffs ruling: spokesperson

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BEIJING – China’s Ministry of Commerce said on Monday that it has noted the US Supreme Court’s ruling against the US government’s tariffs imposed under the International Emergency Economic Powers Act (IEEPA), and is conducting a comprehensive assessment of its relevant content and impact.The US Supreme Court ruled on Friday that the US government’s imposition…

Nation sees consumption boom during Spring Festival holiday

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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,…

Nation sees consumption boom during Spring Festival holiday

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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,…

Nation sees consumption boom during Spring Festival holiday

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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,…

China urges US to rescind unilateral tariffs

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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…

China’s consumer spending reports steady growth in Spring Festival holiday

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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…