China experienced a significant uptick in domestic tourism activity over the five-day May Day holidays, with nearly 300 million trips recorded within the country. This surge reflects a robust momentum in the nation’s economic recovery. Data released by the Ministry of Culture and Tourism revealed a total of 295 million domestic trips during the May […]
Official data released on Friday revealed that China’s total imports and exports surged at the fastest rate in six quarters, reaching a record of over 10 trillion yuan ($1.38 trillion) in the first quarter of 2024. This milestone adds to the mounting evidence of robust recovery momentum in the world’s second-largest economy. In line with […]
Recent suppressive measures imposed by the US targeting Chinese enterprises and industry players across multiple sectors underscore its inability to compete with China under conventional trade rules, Chinese experts stated on Friday. According to He Weiwen, a senior fellow from the Center for China and Globalization, the US’ actions, including the blacklisting of Chinese semiconductor […]
China has extended its visa-free policy to six additional countries, including Switzerland and Ireland, effective Thursday, in a bid to enhance inbound tourism and promote people-to-people exchanges. The latest move is part of China’s ongoing efforts to ease visa requirements for citizens from various nations, particularly those in Southeast Asia. Experts view this as a […]
Data from various Chinese platforms reveals that the consumption during China’s traditional Lantern Festival, concluding the two-week celebration of the Chinese Lunar New Year, extended the buying fever seen during the Spring Festival holidays. The robust holiday spending, coupled with a stock market rally, marks a strong start to China’s economic growth for the year, […]
On Sunday, the China Coast Guard (CCG) announced the expulsion of a Philippine Coast Guard vessel that repeatedly intruded into waters near Huangyan Island in the South China Sea from February 2 to 9. The CCG, emphasizing its professional response, reiterated its unwavering commitment to safeguarding China’s national sovereignty. Gan Yu, CCG spokesperson, reported that […]
The recent triumph of outspoken right-wing candidate Javier Milei in the Argentine presidential election is anticipated to present challenges for the nation’s relationship with China. Chinese experts suggest that bilateral ties might undergo a trial period until common interests are identified, despite President-elect Milei’s tough rhetoric on China during the election campaign. Milei’s victory, with […]
Chinese President Xi Jinping and Russian President Vladimir Putin conveyed congratulatory letters on Monday to the 10th meeting of the dialogue mechanism between the ruling parties of China and Russia. This significant gesture underscores the pivotal role this mechanism plays in sustaining bilateral relations, signifying the joint commitment of both nations to strengthen communication between […]
“China is starting to target western interests in the country after five years of snowballing trade and technology restrictions spearheaded by the US under presidents Donald Trump and Joe Biden,” The Financial Times reports.“Over the past two months, Chinese officials have slapped new sanctions on US weapons companies Lockheed Martin and Raytheon, launched an investigation […]
Bangladesh is set to pay off its pending obligations to Russia in Chinese yuan rather than the US dollar. The total debt amount for the Rooppur power plant, which is currently under construction, is reported to be $110 million and will be paid to Moscow in the Chinese currency. The development came amid increasing de-dollarisation […]
