SCIO briefing on development of trade in services and progress of preparations for CIFTIS 2024
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Economy August 22, 2024
Financial regulator to enhance risk control
The National Financial Regulatory Administration will strengthen efforts to promote reforms and risk controls among small and medium-sized financial institutions, support stable development of the real estate sector and enhance financial regulation — among other tasks — to propel high-quality development of the financial sector, officials from the financial watchdog said at a news conference in Beijing on Wednesday.
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Economy August 22, 2024
Regulator: China's banking sector assets growing steadily
China's banks have seen steady asset expansion since the start of the year, an official with the country's financial regulator said on Wednesday.
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Around China August 22, 2024
China punishes bid rigging enterprises in centralized medicine procurement
Six pharmaceutical enterprises have been punished for colluding in a bidding process in China's centralized procurement of medicines program, according to the National Healthcare Security Administration on Wednesday.
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Around China August 22, 2024
China to increase IPv6 traffic in major cities
Chinese authorities plan to launch a special operation to increase IPv6 traffic in major cities, the Cyberspace Administration of China (CAC) said on Wednesday.
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Economy August 22, 2024
China unveils equipment renewal plan for energy sector
Chinese authorities on Wednesday unveiled an action plan to promote large-scale equipment renewals in the energy sector, as it moves towards achieving carbon reduction goals.
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Economy August 21, 2024
China not Africa's main creditor, 'debt trap' claim debunked
According to the debt report released by the World Bank, China-Africa bilateral debt accounted for 11% of Africa's total external debt. At a press conference Tuesday, Shen Xiang, director general of the Department of West Asian and African Affairs at the Ministry of Commerce, refuted the "debt trap" myth, emphasizing that China is not the primary creditor of African debt.
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Economy August 21, 2024
Nation to back financial institutions
China will encourage and support financial institutions from both its market and Africa to strengthen exchanges and innovate financial cooperation models in the years ahead, said government officials on Tuesday.
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Economy August 21, 2024
Yangtze River Delta in East China reports record-high foreign trade in Jan-July
The total foreign trade value of the Yangtze River Delta region reached 9.1 trillion yuan (about 1.28 trillion U.S. dollars) in the first seven months of 2024, hitting a record high, Shanghai Customs said Tuesday.
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Economy August 21, 2024
China-Africa economic, trade cooperation reaches new heights
China-Africa economic and trade cooperation has continued to scale new heights since the 2021 Forum on China-Africa Cooperation (FOCAC), delivering tangible benefits to the people of both China and Africa, Assistant Minister of Commerce Tang Wenhong said Tuesday.
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Economy August 21, 2024
China's commerce ministry slams unfair EU tariffs on EVs
China opposes the European Commission's plan to slap import duties of up to 36.3 percent on Chinese electric vehicles (EVs), and will take all necessary measures to defend the legitimate rights and interests of Chinese enterprises, a spokesperson with the Ministry of Commerce said Tuesday.
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Economy August 20, 2024
China's industrial sector sees steady growth in July
China's industrial sector registered a steady revenue growth in July, as indicated by an increase in VAT invoice issuance, the State Taxation Administration said on Monday.
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August 20, 2024
China imposes anti-dumping duties on halogenated butyl rubber from US, EU, UK, Singapore
China will impose anti-dumping duties on halogenated butyl rubber originating from the United States, the European Union (EU), the United Kingdom (UK) and Singapore from Tuesday, the Ministry of Commerce announced Monday.
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Around China August 20, 2024
China moves to create first-class business environment in Beijing-Tianjin-Hebei region
China's top economic planner unveiled a three-year action plan on Monday to create a first-class business environment in the Beijing-Tianjin-Hebei region, especially the Xiong'an New Area.
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Around China August 20, 2024
China continues to see rising number of foreign visitors thanks to favorable policies
China continues to see a rising number of foreign visitors thanks to its series of entry policies, the National Immigration Administration said on Monday.
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Around China August 19, 2024
Foreign visitors surge 129.9% in Jan-July in China
In the first seven months of this year, 17.25 million foreign nationals entered China, representing a year-on-year increase of 129.9%, according to data released by the country's National Immigration Administration on Monday.
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Around China August 19, 2024
SCIO briefing on promoting high-quality development: National Immigration Administration
The State Council Information Office invited officials from the National Immigration Administration to brief the media on promoting high-quality development on Monday.
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Around China August 19, 2024
China reports 129.9% growth of foreign visitors in first 7 months
The number of foreign visitors to China soared 129.9 percent year on year to 17.25 million in the first seven months of this year thanks to a series of measures facilitating the entry of foreigners, the National Immigration Administration said on Monday.
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Economy August 19, 2024
Nation to incentivize foreign investors
China will roll out a set of initiatives aimed at incentivizing foreign investment, with the goal of enabling a greater number of global players to benefit from the dividends of the country's reform and opening-up policies, and promoting a win-win scenario, senior officials said on Friday.
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Around China August 19, 2024
5th Qingdao Multinationals Summit set to open on Aug. 27
The fifth Qingdao Multinationals Summit will be convened from Aug. 27 to 29 in Shandong Province, continuing its established "Multinational Corporations and China" theme.
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Around China August 19, 2024
SAR gov't: Chinese mainland Olympians to visit Hong Kong
A delegation of Chinese mainland athletes returning from the Paris 2024 Olympic Games will visit Hong Kong from August 29 to 31, the Hong Kong Special Administrative Region (HKSAR) government announced on Sunday.
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Economy August 17, 2024
China doubles subsidies to boost auto trade-ins
China has increased a financial stimulus to encourage consumers to scrap their old vehicles and buy new ones, according to a circular issued on Friday.
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Around China August 16, 2024
One-stop government services promoted in China
As part of the ongoing efforts to streamline services for enterprises and the public, the State Administration for Market Regulation has introduced a range of innovative measures aimed at promoting one-stop government services and made significant strides, the authority announced at a press conference Friday.
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Economy August 16, 2024
China makes progress in creating level playing field for market players
China has made steady progress in leveling the playing field for all market players as it seeks to promote high-quality development of the country's market regulation sector, Zhou Zhigao, an official of the State Administration for Market Regulation, told a press conference Friday.
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Economy August 16, 2024
SCIO briefing on promoting high-quality development: State Administration for Market Regulation
The State Council Information Office invited officials from the State Administration for Market Regulation to brief the media on promoting high-quality development on Friday.
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Economy August 16, 2024
China's high-tech and green sectors surge in July
This July, China has seen robust growth in high-tech industries, new energy sectors, and online retail, marking new progress in high-quality development, said Liu Aihua, spokesperson of the National Bureau of Statistics, at a press conference Thursday.
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Around China August 16, 2024
China tightens precautions at ports as global mpox cases increase
Chinese customs authorities have announced tighter surveillance measures at ports of entry to prevent the import of the mpox virus, following a rise in global cases.
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Economy August 16, 2024
China to impose export controls on antimony, superhard materials
China will restrict the exports of antimony (stibium) and superhard materials starting from Sept. 15, according to an announcement Thursday.
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Economy August 16, 2024
Foreign holdings of Chinese bonds see net increase of US$20B in July
The net increase in foreign holdings of domestic bonds stood at 20 billion U.S. dollars in July, soaring 1.4 times from the previous month, data from China's State Administration of Foreign Exchange (SAFE) showed Thursday.
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Economy August 16, 2024
Chinese economy advances with steady growth momentum
The Chinese economy has demonstrated resilience with stronger growth momentum in July, navigating through downside risks as more pro-growth policies have kicked in, official data showed Thursday.
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Environment August 16, 2024
China outlines key tasks for ecological conservation
China's National Development and Reform Commission (NDRC), the country's top economic planner, on Thursday specified key tasks it will undertake to conserve the ecological environment.