Editor’s note: Customs figures released on Oct 14 show the overall framework of China’s import trade in the first three quarters of 2024. With the 7th China International Import Expo (CIIE) scheduled to be held in Shanghai from Nov 5 to 10, more imported products will go on display, creating more opportunities for China to…
A shopper buys groceries at a supermarket in Qingzhou, Shandong province. WANG JILIN/FOR CHINA DAILY China will ramp up efforts to reinvigorate consumer spending and drive domestic demand across various sectors, to give a much-needed fillip to the country’s economic growth momentum in the final stretch of the year, officials and analysts said. Consumption vouchers…
A SAIC model is driven into a cargo ship headed to Europe. [Photo provided to chinadaily.com.cn] The Ministry of Commerce said on Monday that China appealed to the World Trade Organization against the European Union’s final ruling to impose countervailing measures on China-made electric vehicles. This complaint follows China’s earlier appeal to the WTO regarding…
GUANGZHOU — The 136th Canton Fair, officially known as the China Import and Export Fair, concluded on Monday in Guangzhou, South China, recording a historic high in terms of overseas buyer attendance, according to data from the organizers. As of Sunday, a total of 253,000 overseas buyers from 214 countries and regions had attended the…
A huge Bank of China poster decorates the entrance of the National Exhibition and Convention Center (Shanghai), the venue for the China International Import Expo. [Photo/China Daily] As the seventh China International Import Expo opens in Shanghai on Tuesday, Bank of China, which has been cooperating with the CIIE as its strategic partner for seven…
Employees from the State Grid Yangzhou Power Supply Company conduct gas replacement work at the Jianle Substation in Yangzhou, Jiangsu province. [Photo provided to China Daily] The first phase of an environmental gas replacement project for gas insulated switchgear at the 110-kilovolt Jianle Substation in Yangzhou, Jiangsu province, was completed on Saturday, marking the first…
BEIJING — China on Monday appealed to the World Trade Organization (WTO) against the EU’s final ruling of countervailing measures on Chinese electric vehicles (EVs), according to China’s commerce ministry. China firmly opposes the final measures of the EU to impose high countervailing duties on Chinese-made EVs, despite a barrage of objections raised by relevant…
The China-US Financial Working Group held its sixth meeting in Washington in October and exchanged views on the economic situation and financial policies, a move experts said has sent a signal of maintaining consistent bilateral financial cooperation amid lingering uncertainties. Financial regulators of the two sides had “professional, pragmatic, candid and constructive discussions” during the…
A woman browses dairy products at a supermarket in Shanghai, Sept 22, 2023. [Photo/VCG] China’s consumer confidence registered a recovery, while Generation Z buyers, aged 18 to 25, influenced a new shift in consumption trends, according to a report by McKinsey & Company on China’s 2024 consumer trends. According to the report, over two-thirds of…
Consumers dine at a Luckin Coffee store in Shenyang, Liaoning province, in August. [Photo provided to CHINA DAILY] Chinese coffee chain player Luckin Coffee is looking to expand in the United States and other overseas markets amid intensified domestic competition that is impacting same-store sales. Guo Jinyi, chairman and CEO of Luckin, said during an…