BEIJING — China has seen robust trade and investment with countries participating in Belt and Road cooperation over the past years, vice-commerce minister Li Chenggang told a press conference on Friday. The combined trade between China and related countries climbed from $2.7 trillion in 2021 to $3.1 trillion last year, with an average annual growth…
China unveiled 12 targeted measures on Friday to further attract and utilize foreign investment, with a specific focus on encouraging foreign enterprises to reinvest in the domestic market. The new document, jointly issued by the National Development and Reform Commission and six other central departments, calls on local governments to establish project databases tailored for…
China is deeply dissatisfied with and firmly opposed to Canada’s imposition of tariffs on products containing Chinese steel, and will take all necessary measures to safeguard the lawful rights of Chinese enterprises, the Ministry of Commerce said on Friday. The ministry’s remarks came after Canada announced on Wednesday an additional tariff of 25 percent on…
China’s top market regulator announced on Friday that it has summoned major platform companies, including Ele.me, Meituan and JD, urging them to strictly comply with laws governing e-commerce, competition, and food safety in an effort to promote fairer market practices and raise industry standards. The State Administration for Market Regulation stated that the three companies…
China’s policy of attracting foreign investment remains unchanged, and the door will only open wider, said the country’s top commerce official. During his meeting with Jensen Huang, president and CEO of Nvidia, the United States-based semiconductor company, in Beijing on Thursday, Commerce Minister Wang Wentao said China hopes multinational companies, including Nvidia, will provide high-quality…
China will take more steps to ensure a seamless flow of cutting-edge ideas from the laboratory to the production line, as the country moves toward building a modern industrial system, experts said at a symposium during the third China International Supply Chain Expo in Beijing. The integration of innovation chains and industrial chains still faces…
China will take necessary measures to firmly safeguard the legitimate rights and interests of its businesses, after the European Union decided to include certain Chinese companies and financial institutions in its 18th round of sanctions against Russia last week, said the Ministry of Commerce on Monday. The EU’s move, despite repeated representations and objections from…
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BEIJING — Consumption has contributed around 60 percent on average annually to China’s economic growth over the past four years, and the role of consumption as the economy’s main engine has continued to strengthen, China’s Minister of Commerce Wang Wentao said on Friday. Tanks to chinadaily.com.cn Please visit: Our Sponsor