The Regional Comprehensive Economic Partnership (RCEP) entered into force in the Philippines on Friday, signifying that the pact is now effective for all 15 members, a new stage of full implementation for the free trade area with the largest population, largest economic and trade volume in the world. Experts said the open and inclusive pact […]
The deadlocked debt ceiling talks between US President Joe Biden and the House Republican speaker Kevin McCarthy finally showed a beam of hope, with the two sides reportedly reaching a deal “in principle” just a couple of days before the world’s largest economy was anticipated to have a historic default. Although the progress is not […]
C919, China’s self-developed large passenger aircraft, completed its inaugural commercial flight from Shanghai to Beijing on Sunday, creating a milestone in China’s aviation industry, which aims to compete with global players such as Boeing. Developed by the Commercial Aircraft Corporation of China (COMAC), the C919 aircraft, China’s first self-developed large jet airliner, is important proof […]
China’s economy has posted a better-than-expected recovery so far this year, with market demand continuously picking up and economic growth rebounding, Chinese officials and scholars said during a weekend key forum. While acknowledging there are some short-term challenges like that the endogenous driving force is still weak and demand insufficient, they predicted the economy’s long-term […]
Offshore yuan strengthened more than 100 points to 7.017 against the US dollar on Friday after the China Foreign Exchange Committee (CFXC) vowed to resolutely curb major fluctuations in the exchange rate and stressed that the yuan can be kept basically stable at a reasonable equilibrium level. CFXC held a meeting on Friday, which stressed […]
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The 3rd China-Central & Eastern European Countries (CEEC) Expo officially kicked off in Ningbo, East China’s Zhejiang Province on Tuesday, drawing a record number of participants as many CEEC businesses are keen to introduce everything from agricultural products to wine to ski equipment to the vast Chinese market. The scale of the expo and steady […]
“China’s Tianzhou-6 Cargo Spacecraft Successfully Docks with Tianhe Core Module of Space Station, Confirms China Manned Space Agency” The Shenzhou-15 taikonauts onboard the space station will enter the cargo craft and transfer the payloads as scheduled. China successfully launched the Tianzhou-6 cargo spacecraft into designated orbit on Wednesday, achieving a key victory through the first […]
The China Foreign Exchange Trade System has reported a 60 pips decline in the central parity rate of the Chinese currency, the renminbi, also known as the yuan, against the dollar on Friday. The new rate stands at 6.9114. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two […]
