Participants in the fourth China-Africa Economic and Trade Expo get ready for a group photo on Thursday after the opening ceremony of the event in Changsha, Hunan province. Nearly 4,700 Chinese and African companies and more than 30,000 participants will attend the four-day expo, which is themed “China and Africa: Together Toward Modernization”. ZHANG WEI/CHINA DAILY…
China has approved a certain number of export license applications for rare earth-related items, and will continue to strengthen the review of compliant applications, the Ministry of Commerce said on Thursday. “As a responsible major country, China has fully considered the reasonable demands and concerns of various nations in the private sector when reviewing applications…
China’s latest policy moves, centered around deepening comprehensive reform in Shenzhen, signal the country’s firm determination to pursue high-quality development through innovation, institutional transformation and high-standard opening-up, officials and experts said in Beijing on Thursday. This year marks the 45th anniversary of the establishment of the Shenzhen Special Economic Zone and the fifth anniversary of…
A staff member (right) addresses attendee queries at the Beijing CBD Forum on Wednesday. CHENG GONG/FOR CHINA DAILY China has become more attractive as a global investment destination, especially in technology and innovation, attracting international businesses with its robust economic growth and creativity, said Rani Jarkas, chairman of the Swiss financial group Cedrus Group. Having…
Delegates check out beverages from Lemon Republic at a forum in Shanghai in May. CHINA DAILY In a market crowded with novelty beverages and short-lived trends, beverage company Lemon Republic is attempting something unusually focused: to build a multi-billion-yuan business out of just one fruit. Founded in 2021, the startup has spent the past four…
The per capita GDP of the Yangtze River Delta region edged up to $19,500 in 2024, about to surpass the $20,000 threshold for developed economies, according to official data. The data is released in a recent report jointly published by the Regional Cooperation Office of the Yangtze River Delta, the Shanghai division of the China…
BEIJING – China is poised to offer multinational companies a platform for “policy communication, industrial coordination and project cooperation” at the upcoming sixth Qingdao Multinationals Summit, a commerce ministry official said Friday. The summit is scheduled to be held from June 18 to 20 in Qingdao, a coastal city in East China’s Shandong province, said…
BEIJING — China’s trade with African countries hit a record high in the first five months of this year, official data showed Monday. The China-Africa trade volume increased 12.4 percent year-on-year in the January-May period to 963.21 billion yuan (about $134 billion), accounting for 5.4 percent of the country’s total foreign trade, according to the…
China’s consumer prices fell slightly in May, while the annual decline in factory-gate prices deepened, official data showed on Monday. The country’s consumer price index, the main gauge of inflation, fell by 0.1 percent year-on-year in May, the same as in the previous month, according to the National Bureau of Statistics. But the core CPI,…
A shopper browses groceries at a supermarket in Nanjing, Jiangsu province. FANG DONGXU/FOR CHINA DAILY China’s price levels remained subdued in May, leaving ample room for further monetary easing and robust fiscal stimulus in the remainder of the year, analysts said on Monday. They said more policy support is needed to shore up demand in the…