China has expanded its pilot program for multinational companies to operate integrated domestic and foreign currency capital pools into a nationwide policy, marking a significant stride in financial opening-up. The move aims to facilitate foreign business expansion in China and bolster Chinese companies’ global operations. The People’s Bank of China, the country’s central bank, and…
Amid a backdrop of evolving global trade dynamics, China’s manufacturing sector remains a crucial pillar driving worldwide economic stability, technological progress and green transition, experts and corporate executives said. Highlighting that the strength of “Made in China” is the outcome of open competition, economies of scale and sustained investment in innovation, they said any attempts…
An employee hangs freshly cut beef at a processing plant in Huzhou, Zhejiang province. CHINA DAILY On December 27, 2024, China’s Ministry of Commerce announced a safeguard investigation into beef imports following a petition by the China Animal Agriculture Association and nine provincial animal agriculture associations. The investigation covers fresh, chilled, and frozen beef products…
China’s move to impose provisional countervailing measures on certain dairy products, including cream and cheese, from the European Union will help ease pressure on the domestic deep-processing sector, while creating a valuable window of opportunity for its firms, said market watchers and industry leaders. The government initiated a countervailing investigation into certain dairy products originating…
The venture capital guidance funds from the Beijing-Tianjin-Hebei region, the Yangtze River Delta region, and the Guangdong-Hong Kong-Macao Greater Bay Area have completed business registration and meet the conditions for operation, the National Development and Reform Commission said. With a total value of over 50 billion yuan ($7.1 billion) each, the funds are expected to…
An electric vertical takeoff and landing (eVTOL) aircraft, developed by Chinese drone maker EHang, carries out a demo flight at the urban air traffic operation demonstration center in Bao’an district in Shenzhen, South China’s Guangdong province, April 16, 2025. [Photo/Xinhua] China’s top industry regulator has outlined a comprehensive strategy to foster emerging and future industries…
Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing. [Photo/Xinhua] China has expanded its pilot program for multinational companies to operate integrated domestic and foreign currency capital pools into a nationwide policy, marking a significant stride in financial opening-up. The move aims to facilitate foreign business expansion in China and…
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BEIJING — China’s 2024 gross domestic product (GDP) was revised to 134.8066 trillion yuan ($19.16 trillion), down 101.8 billion yuan from the preliminary figure, the National Bureau of Statistics said on Friday. The final verified GDP growth rate for 2024 remained at 5 percent, unchanged from the preliminary calculation, according to the NBS. China’s annual…
China’s shift toward innovation-led growth is playing a key role in strengthening the resilience of the world’s second-largest economy, said Robert Koopman, former chief economist of the World Trade Organization. “I’d say right now, a big part of that has been a shift in the Chinese growth model that’s focusing more on innovation and incentives…