China has issued a comprehensive guideline aimed at promoting the growth of the private economy, with a focus on ensuring fair competition and equal protection under the law. The guideline, released by the Communist Party of China Central Committee and the State Council, aims to boost market confidence, consolidate the foundation for economic recovery, and […]
Chinese officials announced on Monday that China’s economy expanded by 6.3 percent year-on-year in the second quarter of 2023. The growth rate, while positive, fell short of high expectations from both domestic and overseas institutes. This has led to concerns about the momentum of China’s recovery and pessimistic forecasts for future growth. Acknowledging the challenges […]
Chinese top diplomat Wang Yi held a meeting with Indian External Affairs Minister Subrahmanyam Jaishankar on Friday, during which he urged India to establish a fair, transparent, and non-discriminatory business environment for Chinese companies. Wang, the director of the Office of the Central Commission for Foreign Affairs, expressed China’s concerns over India’s recent restrictions against […]
China’s National Bureau of Statistics (NBS) announced on Saturday that the country has achieved another bumper summer grain harvest this year, despite adverse weather conditions affecting per-unit output in some regions. According to data from the NBS, summer grain output reached 146.13 million tons this year, showing a slight decrease of 0.9 percent or 1.27 […]
China’s foreign trade in goods has reached a historical high in the first half of 2023, reaching 20.1 trillion yuan ($2.8 trillion), indicating resilience despite a complex international landscape. The growth in trade quality has been attributed to ongoing economic recovery and industrial chain upgrading. According to the General Administration of Customs (GAC), China’s foreign […]
Chinese President Xi Jinping emphasized the implementation of new systems for a higher-standard open economy and the proactive elevation of the country’s opening-up to a new level, as reported by Xinhua News Agency. During a meeting of the central commission for deepening overall reform, President Xi highlighted the importance of institutional opening-up and deepening reforms […]
Fixed-asset investment in China’s railway sector reached 304.9 billion yuan ($42.23 billion) in the first half of 2023, marking a year-on-year growth of 6.9 percent, as per data released by China Railway Group Co (CRCC) on Saturday. CRCC stated that it has intensified its efforts to construct modern railway infrastructure, and significant progress has been […]
Ant Group, a global technology provider, has announced a proposal to repurchase up to 7.6 percent of its own shares following a 7.12 billion yuan ($993.54 million) fine imposed by Chinese regulators. Experts view Ant’s move to clarify its business scope and return to a reasonable valuation as a positive step towards normalized financing in […]
Chinese companies highlighted their latest achievements in the field of artificial intelligence (AI) at the ongoing World Artificial Intelligence Conference (WAIC) in Shanghai, focusing on AI chip capabilities and large language models. These displays come amidst the possibility of export restrictions on AI chips from the United States. Several companies announced new large language models […]
China’s General Administration of Customs (GACC) announced on Friday a ban on imports of food from ten prefectures in Japan, including Fukushima. The decision comes as Japan prepares to dump nuclear-contaminated wastewater into the sea, a move that has raised global concerns and sparked worries among Chinese consumers about the safety of imported Japanese food. […]
