China’s central bank launches 500 billion yuan swap facility to boost capital market

2024/10/10 13:52

The People's Bank of China (PBC), the central bank, announced on Thursday the launch of a 500 billion yuan ($70.61 billion) swap facility that allows eligible financial institutions to use assets as collateral to ...

China-Europe freight trains propel high-level opening up quest of inland regions

2024/11/20 16:08

GANZHOU, Jiangxi, Nov. 20 (Xinhua) -- In land ports and at logistics hubs in cities such as Chengdu, Chongqing, Wuhan and Ganzhou, containers branded with "China-Europe freight train" can be easily spotted a...

China's record express delivery volume marks industry milestone

2024/11/18 17:35

BEIJING, Nov. 18 (Xinhua) -- China's courier sector reached a historic milestone with the express delivery volume in 2024 surpassing the 150-billion-parcel mark for the first time, according to the State Post Bure...

China sees economic boost in October as supportive policies take effect

2024/11/15 16:56

China posted improving economic data for October as a series of existing and new supportive policies took effect.China's value-added industrial output, an important economic indicator, increased by 5.3 percent yea...

Iconic Chinese car brand Hongqi delves deeper into new energy sector

2024/11/14 17:13

CHANGCHUN, Nov. 14 (Xinhua) -- Hongqi, a car brand under China's leading automaker China FAW Group Co., Ltd., is accelerating its expansion in the new energy sector, with its new platforms ready to launch three el...

Invest in China: Global eye care giant shares Chinese vision for brighter life

2024/11/13 16:57

BEIJING, Nov. 13 (Xinhua) -- Major international eye care and eyewear provider, EssilorLuxottica, has a clear vision for long-term development in China as the country's growing pursuit of high-quality and healthy ...

Rise of "emotional economy" reflects new trends, dynamics in China's consumption

2024/11/12 17:32

BEIJING, Nov. 12 (Xinhua) -- During this year's "Double 11" shopping festival, the burgeoning "emotional economy," especially among younger generations, revealed a major shift in the Chinese co...

China to impose temporary anti-dumping measures on EU brandy imports

2024/11/11 16:58

BEIJING, Nov. 11 (Xinhua) -- China's Ministry of Commerce announced on Monday it will impose temporary anti-dumping measures on certain brandy imports originating from the European Union (EU), effective Nov. 15.Th...

China to steadily push forward financial opening up: central bank

2024/11/07 17:13

BEIJING, Nov. 7 (Xinhua) -- China will steadily promote institutional opening up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, accor...

Number of private business entities in China surges over 4-fold in a decade: official data

2024/11/06 16:47

The number of private business entities in China reached approximately 1.81 trillion by the end of September, accounting for 96.37 percent of the country's total business entities and marking a more than fourfold ...

Global companies debut cutting-edge technologies amid innovation drive

2024/11/05 16:40

SHANGHAI, Nov. 5 (Xinhua) -- With the seventh China International Import Expo (CIIE) in full swing in Shanghai, global companies are unveiling their latest technological innovations, capitalizing on the opportunities ...

Value of China's state-owned assets stable in 2023

2024/11/05 16:39

BEIJING, Nov. 5 (Xinhua) -- The value of China's state-owned assets remained stable last year, official data showed Tuesday.The assets of state-owned enterprises (SOEs) totaled 371.9 trillion yuan (52.37 trillion ...

China's commerce minister urges active role from France in reaching EV trade solution

2024/11/04 17:14

BEIJING, Nov. 4 (Xinhua) -- China's Commerce Minister Wang Wentao has called on France, as a key European Union (EU) member, to play an active role in pushing the European Commission to show sincerity and meet the...

China creates 2.45 million jobs through work-relief programs

2024/11/04 17:14

BEIJING, Nov. 4 (Xinhua) -- China has promoted the implementation of work-relief programs by local governments in key projects as well as agricultural and rural infrastructure projects to boost employment, the country...

EU's tariffs on Chinese EVs a "foolish" decision, says German auto expert

2024/11/01 16:54

FRANKFURT, Nov. 1 (Xinhua) -- The EU's decision to impose tariffs on Chinese electric vehicles (EVs) is "foolish" and "out of touch with reality," a German auto expert has said.The EU is turnin...

China's economic vitality continues to improve: official

2024/10/31 14:32

China's purchasing managers index for the manufacturing sector improved for the second consecutive month in October to a six-month high of 50.1, recovering back to the expansionary territory, the National Bureau o...

China's non-manufacturing PMI at 50.2 in October

2024/10/31 14:31

BEIJING, Oct. 31 (Xinhua) -- The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 50.2 in October, up from 50 in September, official data showed Thursday.A reading above 50 indi...

Chinese organization expresses "great regret" after EU's Chinese EVs tariff ruling

2024/10/30 17:07

BEIJING, Oct. 30 (Xinhua) -- The China Chamber of Commerce for Import and Export of Machinery and Electronic Products on Wednesday expressed "great regret" on behalf of the Chinese automotive industry at the...

Finland's tourism sector welcomes China's visa-free policy

2024/10/30 17:06

HELSINKI, Oct. 30 (Xinhua) -- Finnish travel and tourism industry welcomed China's unilateral visa-free policy to Finland, expecting this change, announced on Tuesday, to significantly ease travel for Finnish citi...

Business thrives at the frontier

2024/10/29 16:59

As a major northern gateway, Heihe is a small city in Northeast China's Heilongjiang Province, bordering Russia.Home to 1.23 million people, Heihe city perches along the Heilongjiang River, which separates it from...