News

China’s industrial profit decline narrows in May

BEIJING, June 28 (Xinhua) — China’s major industrial firms reported a smaller profit decline in May, data from the National Bureau of Statistics (NBS) showed Wednesday. Industrial firms with an annual main business revenue of at least 20 million yuan (about 2.77 million U.S. dollars) ... Read More

Keywords at 2023 Summer Davos

TIANJIN, June 26 (Xinhua) — The 14th Annual Meeting of the New Champions, also known as the Summer Davos, will be held from Tuesday to Thursday in northern China’s Tianjin City. About 1,500 participants from business, government, international organizations, and academia will attend t... Read More

Trouble with “de-risking”: world needs trade, not war: SCMP

HONG KONG, June 26 (Xinhua) — The trouble with “de-risking” is that the world needs trade, not war, reported the South China Morning Post, a Hong Kong-based English-language daily. “The name of the game has changed from ‘free’ trade to ‘weaponized’ ... Read More

RMB’s global payment share up in May

BEIJING, June 25 (Xinhua) — The Chinese currency renminbi (RMB), or the yuan, saw its share in global payments rise in May, according to a report. The RMB’s global share was up from 2.29 percent in April to 2.54 percent last month, according to the Society for Worldwide Interbank Fina... Read More

China issues priority list for pilot free trade zones

BEIJING, June 25 (Xinhua) — The Ministry of Commerce has issued a priority list for pilot free trade zones (FTZs) during the 2023-2025 period as the country marks the 10th anniversary of its pilot FTZ construction. The country’s FTZs will push forward 164 priorities from 2023 to 2025,... Read More

Foreign entrepreneurs relish trade fair in NE China

HARBIN, June 20 (Xinhua) — For Park Jong Sung from the Republic of Korea (ROK), the 32nd Harbin International Economic and Trade Fair is extremely important for his business. “I came to Harbin with a new product this time, hoping to find a partner,” said Park. Having lived in Ch... Read More

China’s e-commerce giant Alibaba appoints new Chairman, CEO

HANGZHOU, June 20 (Xinhua) — Chinese e-commerce giant Alibaba Group announced on Tuesday that Joseph Tsai, currently executive vice chairman, will succeed Daniel Zhang as chairman of the company. According to the group, Eddie Wu, the present chairman of Alibaba’s e-commerce platform T... Read More

China’s cargo transport volume up last week: official data

BEIJING, June 19 (Xinhua) — China’s cargo transport volume registered stable growth last week, official data showed Monday. The Ministry of Transport said in a statement that the country’s logistics network operated in an orderly manner from June 12 to 18. About 73.29 million to... Read More

China’s port throughput boosted by foreign trade growth

NANNING, June 18 (Xinhua) — Amid the heat of a summer morning, Huang Zhiyi, a 34-year-old container crane operator, hopped on an elevator to reach his workstation 50 meters above the ground and started the day of “heavy lifting”. All around him, the usual bustling scene was in f... Read More

China’s first batch of infrastructure REIT expansion projects listed

BEIJING, June 16 (Xinhua) — China’s first group of four infrastructure real-estate investment trust (REIT) expansion projects were listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange on Friday. The listings of the first batch of projects will help promote the improve... Read More

Nation joining trade pact will benefit region

China has submitted the documents for joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which if successful is expected to bring tangible economic benefits to participating countries and further bolster economic integration of the Asia-Pacific region, an expert sa... Read More

“World factory” upgraded with high-tech, new energy and originality

GUANGZHOU, June 11 (Xinhua) — An unparalleled manufacturing enterprise and foreign trade volume bestowed the title “world factory” to Dongguan in southern China’s Guangdong Province. As the 24th Chinese city whose GDP has surpassed 1 trillion yuan (about 140.62 billion U.S... Read More
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