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More measures coming to brighten biz climate
China will take a number of measures to improve its business environment and attract more foreign investment, in order to strengthen the drive for high-quality economic development, officials said on Monday.
February 6, 2024 -
Beijing vows to improve business environment
Beijing has vowed to foster a market-oriented, law-based, and world-class business environment. The announcement was made in a press conference held by China's State Council Information Office on Monday. One of the goals is to build a national unified market to ensure fair competition and reduce operating costs for enterprises.
February 6, 2024 -
China pledges measures to boost domestic consumption in 2024
China will introduce a raft of measures, such as stimulating purchases of vehicles and household appliances, to boost consumption this year, a commerce ministry official said Tuesday.
February 6, 2024 -
China's No. 1 document stresses improving rural income, living environment
China has recently released its "No. 1 Central Document" for 2024, the first policy statement released by the central authorities, outlining priorities for promoting rural revitalization. Zhu Weidong, deputy director of the Office of the Central Rural Work Leading Group, expounded on the various approaches to further increasing rural income at a press conference Sunday.
February 5, 2024 -
Campaign to prevent coal mine accidents
China is launching a campaign targeting production safety accidents in coal mines following a newly enacted administrative regulation focused on the problem.
February 5, 2024 -
How will China promote rural revitalization?
With the release of a key official document on Saturday, China has drawn a roadmap for advancing rural revitalization across the board, and for accelerating the building up of its agricultural strength.
February 5, 2024 -
Document prioritizes higher rural incomes
China will continue to prioritize increasing the income of rural residents and preventing them from slipping into poverty this year, as their livelihood is closely tied to the nation's social and economic development, said senior officials.
February 5, 2024 -
Fiscal policy aims to whet consumption
The Ministry of Finance will moderately step up proactive fiscal policy adjustments this year while improving fiscal governance efficiency and effectiveness in order to expand domestic demand and boost economic recovery momentum, Wang Dongwei, vice-minister of finance, said on Thursday.
February 2, 2024 -
Efforts pledged to prevent mining accidents
China on Thursday pledged more stringent efforts to prevent major safety accidents in the mining sector, after a spate of serious mining production safety accidents across the nation since 2023, especially in the past two months.
February 2, 2024 -
China ramps up efforts to improve mine safety precautions
China will intensify precautionary measures to ensure the safety of mines nationwide, an official said Thursday.
February 2, 2024 -
Fiscal spending on sci-tech development grows 6.4% annually from 2018-2023
From 2018 to 2023, China's fiscal expenditure on science and technology increased from 832.7 billion yuan to over 1 trillion yuan (US$139.25 billion), representing an average annual growth rate of 6.4%, the country's vice minister of finance said at a press conference Thursday.
February 1, 2024 -
China's general public budget revenue tops 21T yuan in 2023
China's general public budget revenue increased 6.4 percent year on year to exceed 21 trillion yuan (about 2.96 trillion U.S. dollars) in 2023, official data showed Thursday.
February 1, 2024 -
Official: Self-employed individuals maintain China's market vitality
The number of registered self-employed individuals and families reached 124 million in China last year, accounting for 67.4% of the country's total business entities. Their stable development demonstrated the great vitality and resilience of the Chinese economy, an official said Wednesday.
February 1, 2024 -
China moves to stimulate business vitality to promote high-quality development
China is implementing various measures to stimulate the vitality of business entities and promote high-quality economic development, officials said at a press conference on Wednesday.
January 31, 2024 -
China's FDI structure continues to optimize
China's foreign direct investment (FDI) structure continued to optimize in 2023, with high-tech and manufacturing sectors accounting for 37.4% and 27.9% of FDI, respectively, Minister of Commerce Wang Wentao said Friday.
January 29, 2024 -
Pudong's pilot reforms spark high hopes
China will both intensify efforts to remove institutional barriers that hinder reforms and expand high-standard opening-up in Shanghai's Pudong New Area, as it seeks to optimize the role of Pudong as a pioneer of China's socialist modernization, officials said on Friday.
January 29, 2024 -
China to promote mature Pudong experiences across the country
China will extract and summarize mature experiences from Pudong New Area's pilot comprehensive reforms and promote them across the country, said Li Chunlin, deputy director of the National Development and Reform Commission, Friday.
January 29, 2024 -
China pledges to expand imports in 2024
China plans to increase imports this year to share the business opportunities arising from its ultra-large market with the world, Commerce Minister Wang Wentao said Friday.
January 29, 2024 -
China to pursue FTAs to build new partnerships
China will push ahead an extensive lineup of free trade agreement negotiations this year, as part of the country's efforts to foster deeper economic integration and forge new partnerships, opening-up opportunities for increased foreign trade and stable economic growth, officials and experts said on Friday.
January 29, 2024 -
Official: Foreign institutions 'important force' of China's financial sector
By the end of 2023, the total assets of foreign-funded banks in China had reached 3.86 trillion yuan (US$543.32 billion), and foreign institutions have become a very important force in the country's financial sector, said Xiao Yuanqi, vice minister of the National Financial Regulatory Administration.
January 26, 2024