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China reiterates it does not seek trade surplus
China does not pursue a trade surplus, and the country's trade balance is shaped by broader international market forces rather than deliberate intervention, an official said on Monday.
January 14, 2025
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Customs official: China overcapacity claim a pure fallacy
The so-called "overcapacity" in China's exports is pure fallacy, said a Chinese customs official on Monday.
January 14, 2025
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China's foreign trade volume reaches record high in 2024
China's total value of imports and exports reached a record high of 43.85 trillion yuan (US$6.16 trillion) in 2024, an increase of 5% year on year, said Wang Lingjun, vice minister of the General Administration of Customs of China, on Monday.
January 13, 2025
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China's foreign trade hits new high in 2024
China's foreign trade hit a record high in total value in 2024 as the world's second-largest economy further consolidated its top position globally in goods trade.
January 13, 2025
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China moves to tighten oversight of livestream e-commerce platforms
The State Administration for Market Regulation, the country's top market regulator, said on Friday that it plans to implement stringent oversight of online platforms and livestream e-commerce, as part of a broader effort to ensure fair competition and protect smaller businesses.
January 13, 2025
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China vows 'highly proactive' fiscal policy to shore up economy
China is poised to implement a clear-cut fiscal policy in 2025 that aims to intensify countercyclical regulation and will be "highly proactive," officials said Friday.
January 11, 2025
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China reports steady growth in business entities in 2024
The number of registered business entities in China rose 3.1 percent year on year to 189 million by the end of 2024, an official from the State Administration for Market Regulation said on Friday.
January 11, 2025
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China's finance ministry mulls new policies to boost employment
China's Ministry of Finance will introduce policies to promote job creation and increase employment opportunities, an official said on Friday.
January 10, 2025
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China to see significant increase in fiscal deficit in 2025
The size of China's fiscal deficit will increase significantly in 2025, Liao Min, vice minister of finance, told a press conference Friday.
January 10, 2025
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Sichuan-Chongqing region becomes global hub for electronic information manufacturing
Southwestern China's Sichuan-Chongqing region has emerged as a major hub for electronic information manufacturing in recent years. Two thirds of the world's iPads, nearly 80 million laptops, and over 100 million smartphones were manufactured in the region in 2024, said Li Wenqing, vice governor of Sichuan at a press conference on Thursday.
January 10, 2025
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Chengdu-Chongqing economic circle achieves leapfrog development in 5 years
China's Chengdu-Chongqing economic circle has achieved new milestones in building itself as a major economic center with national impact. Its GDP is expected to reach 8.6 trillion yuan (US$1.17 trillion) in 2024, growing by over 2 trillion yuan in the past five years, according to a press conference Thursday.
January 10, 2025
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Officials: Chengdu-Chongqing economic zone leads high-quality development in western China
Chengdu, capital of southwest China's Sichuan Province, and neighboring Chongqing Municipality are emerging as dynamic locations leading high-quality development in the country's western region, officials said Thursday.
January 10, 2025
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China accelerates elderly care reforms as population ages
China is ramping up efforts to improve its elderly care system to address the challenges of a rapidly aging population, with over 21 percent of Chinese citizens now aged 60 or older.
January 10, 2025
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Equipment upgrades and consumer goods trade-in programs support green transition
China's large-scale equipment upgrades and consumer goods trade-in programs helped reduce about 73 million metric tons of CO2 emissions in 2024, significantly advancing green transformation, said an official from the National Development and Reform Commission on Wednesday.
January 9, 2025
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NDRC: Trade-in programs significantly boost consumption
China's large-scale equipment upgrades and consumer goods trade-in programs have effectively boosted consumption, resulting in strong sales growth in automobiles, household appliances, and audio-visual equipment, according to a policy briefing on Wednesday.
January 9, 2025
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Authorities gearing up for holiday rush
Relevant departments are ramping up efforts to meet the surging travel demand during the upcoming Spring Festival period, aiming to enhance transportation capacity and improve services, officials said at a news conference on Wednesday.
January 9, 2025
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Steps afoot to spur domestic demand
China has rolled out more forceful measures to promote large-scale equipment upgrades and consumer goods trade-ins, as the world's second-largest economy has put boosting demand high on its work agenda this year in the face of domestic and external headwinds, officials and experts said on Wednesday.
January 9, 2025
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Multi-faceted efforts underway to ensure safe Spring Festival travel
China is taking multipronged measures to ensure safe and smooth travel for passengers during the upcoming Spring Festival travel rush, according to a press conference held on Wednesday.
January 9, 2025
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China to expand consumer goods trade-in program to spur growth
China announced Wednesday a raft of measures to expand the scope of the consumer goods trade-in program amid a drive to boost domestic demand and spur economic growth.
January 8, 2025
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China tightens oversight on administrative inspections of enterprises
The Chinese government has issued a comprehensive directive aimed at addressing the misuse of administrative inspections of enterprises, a senior judicial official said Tuesday.
January 8, 2025
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China makes remarkable progress in developing new quality productive forces
In 2024, China made remarkable progress in developing new quality productive forces, highlighted by achievements in innovation, industrial modernization, and future-oriented industries, said Zhao Chenxin, vice chairman of the National Development and Reform Commission, at a press conference Friday.
January 6, 2025
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China makes more high-quality development progress in 2024
High-quality development, the "primary task" in building China into a modern socialist country in all respects, showed further advancements in 2024 as the world's second-largest economy saw its economic power, scientific and technological capabilities, and composite national strength continue to grow, according to the government.
January 6, 2025
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China to increase issuance of ultra-long special treasury bonds
China's policymakers will increase the issuance of ultra-long-term special treasury bonds in 2025, with a broader scope for their expenditure, the country's top economic regulator said on Friday.
January 6, 2025
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China increases openness, intl cooperation in 2024
China increased openness and international cooperation in 2024, removing restrictions on foreign investment in manufacturing, achieving foreign trade growth, and deepening Belt and Road collaboration, the National Reform and Development Commission said at a press conference Friday.
January 3, 2025
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China to increase funding support for equipment upgrades, consumer goods trade-in programs
China will significantly increase the issuance of ultra-long special treasury bonds in 2025 to support the implementation of large-scale equipment upgrades
January 3, 2025
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China's water conservancy projects create 3.15 million jobs in 2024
China implemented 47,000 water conservancy projects in 2024, with a total investment of 1.35 trillion yuan (about US$185 billion), creating employment opportunities for about 3.15 million people, said Chen Min, vice minister of water resources, on Tuesday.
December 31, 2024
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China's water conservancy investment hits record high in 2024
China invested a record 1.35 trillion yuan (about 187.8 billion U.S. dollars) in the construction of water conservancy facilities in 2024, official data showed Tuesday.
December 31, 2024
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China's passenger trips expected to reach 64.5 billion in 2024
China's rapid socioeconomic development creates massive transportation demand. The country's passenger traffic is expected to reach 64.5 billion trips in 2024, up 5.2% year on year, Vice Minister of Transport Li Yang said at a press conference on Friday.
December 31, 2024
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NBS: China's economic structure improves over 5 years
China's economic structure saw notable improvements over the past five years, marked by growth in the service sector, advancements in manufacturing, and more balanced regional development, said Kang Yi, commissioner of the National Bureau of Statistics, while presenting the results of the fifth national economic census on Thursday.
December 31, 2024
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Transport network meets growing needs
China's transportation network has met growing demand brought by the country's rapid socioeconomic development, further promoting high-quality development, a Ministry of Transport official said at a news conference on Friday.
December 28, 2024