In 2024, the EU exported iron and steel and related articles worth €77.8 billion and imported €73.1 billion, resulting in a trade surplus of €4.7 billion. Compared with 2019, there was a substantial increase in the trade of these products: exports rose by 15.2% (+€10.3 billion), and imports increased by 23.7% (+€14.0 billion). These monetary increases…
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China’s Ministry of Commerce and other relevant authorities held talks with Walmart Inc on Tuesday to discuss the US retailer’s recent request for price reductions from Chinese suppliers. Walmart has recently asked some Chinese suppliers for price cuts of up to 10 percent per round of additional tariffs the US government imposes on Chinese goods.…
Peru is tapping potential of Chinese companies to continue building out the country’s 5G infrastructure. In the latest move, Peruvian operator Bitel partnered with Chinese tech giant ZTE in a $150 million investment to deploy 1,000 5G antennas across the country. As part of the deal, ZTE — which is headquartered in Shenzhen in the…
Shoppers browse digital products offering trade-in subsidies at a store in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY China has largely scaled up its fiscal firepower toward consumption-boosting initiatives — a top priority on the country’s policy agenda for the year ahead — in order to offset sluggish homebuying appetites and possible shocks to overseas…
Autonomous driving buses are seen on a street in Yangquan, North China’s Shanxi province, Feb 27, 2025. [Photo/Xinhua] China should grant more autonomy to local governments to expand autonomous driving and streamline regulatory approvals to accelerate commercialization, said a national political adviser on the sidelines of the two sessions, which ended on Tuesday. The comments…
Travelers pose for photographs at a railway station in Yantai, Shandong province, on Sunday, before they embark on a journey specially designed for seniors. Destinations include many tourist attractions in the provinces of Hunan, Yunnan, Jiangxi and Guizhou, as well as the municipality of Chongqing. TANG KE/FOR CHINA DAILY Elderly consumers in China are seeking high-quality…
The Great Hall of the People in Beijing, capital of China. [Photo/Xinhua] China’s recently announced policies and development direction, including those from the two sessions, signal a new phase of high-standard opening-up marked by “mutual empowerment”, according to both domestic and multinational companies. They said on Tuesday that “mutual empowerment” is a two-way process in…
Oleg Deripaska, founder of RUSAL, one of the world’s largest aluminum producers, believes China’s economy will continue to be successful over the next decade and is very positive about China’s GDP projections. Having cooperated with Chinese counterparts for over 30 years, Deripaska considers China a very mature and reliable partner. Tanks to chinadaily.com.cn Please visit:…
China’s high-standard opening-up initiatives are paving the way for expanded growth opportunities for international businesses, said EY China Chairman Jack Chan recently. The remarks came after this year’s Government Work Report, released during the ongoing two sessions, said that China will further expand high-standard opening-up and actively stabilize foreign trade and investment. Chan underscored the…