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Foreign trade set to stay resilient this year
China's foreign trade, buoyed by the steady upturn of the domestic economy and an improved trading structure increasingly driven by high-tech and green products and export market diversification, will continue to exhibit resilience this year, according to officials and executives on Friday.
April 22, 2024 -
China's big-ticket items spending, services consumption rise in Q1
Chinese consumers' spending on big-ticket items such as cars, home appliances, and furniture expanded while spending on services consumption rose quickly in the first quarter of this year, the Ministry of Commerce (MOC) said on Friday.
April 22, 2024 -
Foreign-invested firms in China up 20.7% in Q1
The number of newly established foreign-invested firms in China hit 12,000 in the first quarter (Q1) of 2024, up 20.7 percent year on year, the Ministry of Commerce said on Friday.
April 22, 2024 -
Official: Canton Fair sees surge in number of overseas purchasers
The 135th session of the China Import and Export Fair, also known as the Canton Fair, saw an increase in overseas purchasers compared with the previous edition, an official said on Friday.
April 22, 2024 -
China sees robust internet development in 3 decades
Over the past 30 years, China has achieved remarkable results in the development of its internet, featuring a super-large scale, strong infrastructure, wide application, sound environment, and extensive cooperation, an official of the Ministry of Industry and Information Technology said at a press conference Thursday.
April 19, 2024 -
China's breeding sow population rises for 9 consecutive months
China's population of breeding sows rose for the ninth straight month in March, reaching 39.92 million by month-end, Li Jinghui, a senior official with the Ministry of Agriculture and Rural Affairs, said on Friday.
April 19, 2024 -
China keeps positive relations with soybean exporters
China has maintained good trade relations with major soybean exporting countries, and soybean buyers in China make procurement decisions independently, an official from the Ministry of Agriculture and Rural Affairs said on Friday.
April 19, 2024 -
Accommodative monetary policy seen
China's monetary policy is likely to remain accommodative — and further easing might ensue if economic recovery fails to maintain the momentum gained from the solid first-quarter performance, according to officials and experts.
April 19, 2024 -
IT, high-tech makers power industry in Q1
China's information technology and high-tech manufacturing sectors continued to inject growth momentum into the country's industrial economy in the first quarter, as the country maintained its global lead in 5G adoption, said the country's top industry regulator on Thursday.
April 19, 2024 -
China's Q1 goods, services trade surplus exceeds US$60B
The surplus of China's goods and services trade reached more than 60 billion U.S. dollars in the first quarter of this year, a relatively high level for the same period in history, official data showed Thursday.
April 19, 2024 -
China's general aviation manufacturing industry burgeons
China's general aviation manufacturing industry has burgeoned in recent years, with the output rising nearly 60 percent year on year in 2023, a senior official said Thursday.
April 18, 2024 -
Official: China's new energy development catalyzes global green initiatives
The sustainable development of China's new energy industry not only meets the country's needs for high-quality development but also plays a pivotal role in addressing climate change and fostering global green and low-carbon transition, said Jin Xiandong, an official of the National Development and Reform Commission, at a press conference Wednesday.
April 18, 2024 -
China's major industrial companies upbeat about business prospects
China's major industrial companies are optimistic about their business prospects with a continuous increase in their profits, Shan Zhongde, vice minister of industry and information technology, said on Thursday.
April 18, 2024 -
Bolstering demand high on agenda
China is planning to bolster the economy by funding key projects, boosting consumption and tackling challenges faced by private enterprises, in a bid to hit its annual growth target for 2024, according to the country's top economic regulator.
April 18, 2024 -
Output of China's high-tech zones hit 18 trillion yuan in 2023
China has made historical achievements in developing high-tech industrial zones, with its 178 national high-tech zones yielding an output of 18 trillion yuan (US$2.49 trillion) in 2023, according to the Ministry of Industry and Information Technology at a press conference Wednesday.
April 18, 2024 -
China grants over 200B yuan from central budget for investment
More than 200 billion yuan (about 28.16 billion U.S. dollars) worth of central budget funds have been granted to expand effective investment so far this year, an official with the country's top economic planner said on Wednesday.
April 18, 2024 -
2024 ZGC Forum to kick off on April 25
The 2024 ZGC Forum is scheduled to take place in Beijing from April 25-29, an official announced Wednesday. Featuring nearly 120 events, this year's forum will involve over 100 top experts, as well as guests from more than 100 countries and regions, to discuss sci-tech innovation.
April 18, 2024 -
China to unveil major sci-tech achievements in upcoming Zhongguancun Forum
China's upcoming 2024 Zhongguancun Forum (ZGC Forum) will focus on cutting-edge fields such as artificial intelligence (AI), life sciences and new materials, and unveil a series of major scientific and technological achievements of the country, an official with the Ministry of Science and Technology said Wednesday.
April 17, 2024 -
China achieves new results in high-quality development in Q1
China recorded better-than-expected GDP growth of 5.3% in the first quarter, with new results achieved in high-quality development, particularly in innovation, green development, and structural improvement in both industry and demand, Sheng Laiyun, deputy commissioner of the National Bureau of Statistics, said at a press conference Tuesday.
April 17, 2024 -
China's fixed-asset investment expands 4.5% in Q1
China's fixed-asset investment (excluding rural households) rose 4.5% year on year to over 10 trillion yuan (US$1.38 trillion) in the first quarter, data from the National Bureau of Statistics showed Tuesday.
April 16, 2024