Beijing, China – October 16, 2024 – China’s total imports and exports of goods grew 5.3% year-on-year in yuan terms during the first three quarters of 2024, reaching a record high of 32.33 trillion yuan ($4.57 trillion), according to the General Administration of Customs (GAC). Exports rose 6.2% to 18.62 trillion yuan, while imports increased […]
BEIJING — China’s consumer prices steadied in September as domestic demand continued to recover, according to data released by the National Bureau of Statistics (NBS) on Sunday. The Consumer Price Index (CPI), a key indicator of inflation, increased by 0.4% year-on-year in September, down from a 0.6% rise in August. The slower growth is attributed […]
During the 27th China-ASEAN Summit held in Vientiane on October 10, Chinese Premier Li Qiang expressed China’s steadfast support for ASEAN integration and its strategic independence. He emphasized the importance of elevating the comprehensive strategic partnership between China and ASEAN to new heights. Li highlighted recent advancements in building a China-ASEAN community with a shared […]
China is making significant strides in developing its low-altitude economy, a move aimed at fostering high-quality economic growth across various regions. This initiative emphasizes innovation, talent development, and the integration of education with industry. In Binzhou, located in East China’s Shandong province, the local government is leveraging the resources of several industrial parks and the […]
China’s foreign trade reached 32.33 trillion yuan ($4.57 trillion) in the first three quarters of 2024, reflecting a year-on-year increase of 5.3%, according to the General Administration of Customs (GAC). Exports surged by 6.2% to 18.62 trillion yuan, while imports rose by 4.1% to 13.71 trillion yuan. Each quarter of 2024 saw trade values exceed […]
At the recent 2024 World New Energy Vehicle Congress in Haikou, Hainan, industry leaders emphasized the critical role of the new energy vehicle (NEV) sector in the global low-carbon transition. Experts highlighted that the automotive industry must achieve full electrification to secure over 50% market share for NEVs by 2035. Wan Gang, president of the […]
FRANKFURT — A recent survey indicates that nearly two-thirds of Germans are open to purchasing a Chinese car, with 59% of respondents from the German Automobile Club expressing interest, according to local media reports. The appeal of Chinese cars is particularly pronounced among younger consumers. Among those aged 30 to 39, 74% are considering a […]
BEIJING — China’s central bank, the People’s Bank of China (PBOC), officially launched the 500-billion-yuan ($71 billion) Securities, Funds, and Insurance companies Swap Facility (SFISF) on Thursday, marking the country’s first capital market-targeted monetary tool. This initiative, along with recent economic stimulus policies, aims to enhance market liquidity and bolster investor confidence, experts say. The […]
BEIJING — China is set to enhance fiscal support for its data industry through the central government’s budget and ultra-long special treasury bonds, aimed at improving the management, development, utilization, and security of data resources. This announcement was made by Chen Ronghui, deputy head of the National Data Administration, during a press conference on Thursday. […]
VIENTIANE, Oct. 10 — Chinese Premier Li Qiang announced China’s commitment to enhancing the “Diamond Hexagon” cooperation framework with Cambodia, aiming to deepen the China-Cambodia community for a shared future. His remarks came during a meeting with Cambodian Prime Minister Hun Manet on the sidelines of the East Asia cooperation leaders’ meetings in Vientiane. Li […]
