Mastercard has launched over 50 bankcard programs in China through its joint venture, becoming the second foreign player in the domestic bankcard clearing sector. This move highlights the ongoing financial opening of the country, according to a company executive. Dennis Chang, Mastercard’s executive vice-president, stated that the company aims to broaden the availability of its […]
Australia’s recent decision to end anti-dumping and countervailing duties on Chinese stainless steel sinks is set to enhance economic and trade cooperation between the two nations, according to the Ministry of Commerce. He Yadong, a spokesperson for the ministry, emphasized that China and Australia are significant trading partners. He noted that both countries have agreed […]
Shanghai, Oct. 16, 2024 — The 2024 China Toy Expo is underway in Shanghai, highlighting the immense business opportunities within China’s thriving toy industry. The event, taking place from October 16 to 18 at the Shanghai New International Expo Centre, features over 2,500 toy companies from both domestic and international markets. Visitors can explore 17 […]
Islamabad, Oct. 16, 2024 — Chinese Premier Li Qiang emphasized the need for deepening and expanding cooperation among member states of the Shanghai Cooperation Organization (SCO) during the 23rd Meeting of the Council of Heads of Government held in Islamabad. He highlighted the SCO as a crucial platform for maintaining regional peace and stability while […]
Beijing, China – October 16, 2024 – To effectively address the challenges facing China’s struggling real estate market, economists and policy advisers are calling for significant central government funding and innovative strategies, including the establishment of a special institution to acquire idle housing inventory. Gong Liutang, a professor at Peking University’s Guanghua School of Management, […]
Shanghai, China – October 16, 2024 – In response to the growing enthusiasm for sports in China, Swiss athletic brand On Holding AG is increasing its investment in youth tennis to inspire a new generation of players. This initiative was highlighted during a recent event in Shanghai, where tennis legend Roger Federer made a surprise […]
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 […]
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 […]
