Yuan-based assets seen more alluring

Renminbi financial assets are set to attract more foreign investment in the months ahead after foreign holdings of onshore bonds and equities rose amid the country's sharpening policy focus on shoring up asset prices, according to officials and analysts.

October 23, 2024

Foreign holdings of renminbi bonds reach historic high

The yield on renminbi bonds has been good since the start of the year, attracting foreign investors to increase their holdings, an official with the State Administration of Foreign Exchanges said on Tuesday.

October 22, 2024

China's forex market sees active trading in first 3 quarters

China's foreign exchange market recorded active trading during the first nine months of this year, demonstrating strong resilience with market expectations and transactions remaining generally rational and orderly, the country's forex regulator said on Tuesday.

October 22, 2024

Chinese economy shows positive changes in September

The Chinese economy showed positive changes in September, with industrial output and retail sales of consumer goods up 5.4% and 3.2% year on year, respectively, according to Sheng Laiyun, deputy commissioner of the National Bureau of Statistics, on Friday.

October 21, 2024

China's industrial output grows 5.8% in Q1-Q3

In the first three quarters of 2024, China's industrial output grew 5.8% year on year, with robust increases shown in equipment and high-tech manufacturing industries, said the National Bureau of Statistics at a press conference Friday.

October 21, 2024

China's retail sales of consumer goods up 3.3% in Q1-Q3

​In the first three quarters of 2024, China's total retail sales of consumer goods logged 35.36 trillion yuan (US$4.96 trillion), up 3.3% year on year, said Sheng Laiyun, deputy commissioner of the National Bureau of Statistics, on Friday.

October 21, 2024

China's consumer market grows as policies fuel domestic demand

China's retail sales of consumer goods went up 3.3 percent year on year in the first three quarters of this year, the National Bureau of Statistics (NBS) said Friday.

October 18, 2024

Home price decline stabilizes in major Chinese cities, expectations improve

Major Chinese cities saw a stabilization in the price decline of commercial residential homes in September, along with improved expectations for the property sector, official data showed on Friday.

October 18, 2024

China's GDP expands 4.8% in first 3 quarters

China's gross domestic product (GDP) grew 4.8 percent year on year in the first three quarters of 2024, data from the National Bureau of Statistics (NBS) showed Friday.

October 18, 2024

China's service output up 4.7% in first 3 quarters

China's value-added service output went up 4.7 percent year on year in the first three quarters of 2024, data from the National Bureau of Statistics showed Friday.

October 18, 2024

China's retail sales up 3.3% in first 3 quarters

China's retail sales of consumer goods went up 3.3 percent year on year in the first three quarters of 2024, the National Bureau of Statistics (NBS) said Friday.

October 18, 2024

China's fixed-asset investment up 3.4% in first 3 quarters

China's fixed-asset investment rose 3.4 percent year on year in the first three quarters of 2024, data from the National Bureau of Statistics (NBS) showed Friday.

October 18, 2024

China's industrial output up 5.8% in first 3 quarters

China's value-added industrial output, an important economic indicator, went up 5.8 percent year on year in the first three quarters of 2024, official data showed on Friday.

October 18, 2024

China to double loans for 'white list' properties by end of 2024

As part of the incremental measures to stabilize the property sector, China will increase its loans for select real estate projects to over 4 trillion yuan (US$561.63 billion) by end of year, doubling the amount through mid-October, Vice Minister of the National Financial Regulatory Administration Xiao Yuanqi announced Thursday. Local authorities are recommending financial institutions to give support to these "white list" projects.

October 18, 2024

China unveils new measures to stabilize housing market

​Chinese officials announced new measures on Thursday to cement signs of stabilization in the property sector, after a bundle of pro-housing policies rolled out last month brought about "positive changes in the market."

October 18, 2024

New measures set to revive realty sector

China has rolled out new policy measures to rejuvenate the shaky property sector, with expanded funding for troubled property developers and renovation of an additional 1 million homes high on the agenda.

October 18, 2024

China to introduce incremental policies to prop up property sector

China will introduce a slew of incremental measures to stabilize the property sector, Ni Hong, minister of housing and urban-rural development, told a press conference on Thursday.

October 17, 2024

China vows enhanced international cooperation in space science exploration

China will pursue extensive and in-depth international cooperation in space exploration, according to a press conference held on Tuesday unveiling the nation's mid and long-term space science development program.

October 16, 2024

Private companies' equipment renewal fuels innovation, exports

China's private companies have ramped up equipment import and renewal, fueling high-tech product exports. In the first three quarters, their imports of production equipment increased 31%, while high-tech product exports rose 14%, said Wang Lingjun, vice minister of the General Administration of Customs of China, at a press conference Monday.

October 15, 2024

China's trade with BRI countries reaches 15.21 trillion yuan in Q1-Q3

In the first three quarters of this year, China's import and export with countries participating in the Belt and Road Initiative (BRI) reached 15.21 trillion yuan (US$2.14 trillion), an increase of 6.3% year on year, Lyu Daliang, spokesperson of the General Administration of Customs of China, said at a press conference Monday.

October 15, 2024

China releases space science development program for 2024-2050

China unveiled a national mid and long-term development program for space science on Tuesday, which will guide the country's planning of space science missions and space research from 2024 to 2050.

October 15, 2024

China vows to beef up support for SMEs, unicorn companies

China will increase support for innovative small and medium-sized enterprises (SMEs) and unicorn companies to foster new quality productive forces and help enterprises expand markets and unleash vitality, the Ministry of Industry and Information Technology (MIIT) said Monday.

October 15, 2024

Customs official: Additional tariffs on China's tech-intensive 'green trio' unfair

Some countries have imposed additional tariffs on China's three major tech-intensive products known as "green trio," and this is unfair, non-compliant and unreasonable trade protectionism, a Chinese customs official said on Monday.

October 15, 2024

China's foreign trade maintains stable growth, structure continues to improve

China's total goods imports and exports expanded 5.3 percent year on year in yuan terms in the first three quarters of this year, maintaining stable growth, official data showed Monday.

October 14, 2024

China unveils measures to boost financing for businesses

China will step up financing support for enterprises by incorporating quality credibility into lending decisions, said Luo Wen, head of the State Administration for Market Regulation on Monday.

October 14, 2024

Over 1,000 suggestions solicited for draft law on private sector promotion

China's Ministry of Justice has received over 1,000 suggestions since it published a draft of the private sector promotion law for public opinion last Thursday.

October 14, 2024

66.7 billion yuan issued to support employment in 2024, finance minister says

Since the beginning of this year, the central government has allocated 66.7 billion yuan (US$9.44 billion) in employment subsidies to help local governments support key groups, such as university graduates, in finding jobs and receiving vocational skills training, Chinese Finance Minister Lan Fo'an said at a press conference Saturday.

October 14, 2024

China refines financial aid for students

China has rolled out enhancements to its student financial aid policies aimed at rewarding outstanding students and supporting those from economically disadvantaged backgrounds, according to officials from the Ministry of Finance and the National Development and Reform Commission.

October 14, 2024

China signals new fiscal policies to boost economy

China will roll out a package of incremental fiscal policies in the near term to support the economy, Minister of Finance Lan Fo'an said at a widely anticipated press conference in Beijing on Saturday.

October 12, 2024

China to introduce incremental fiscal policy measures to bolster economy

China will introduce a package of targeted incremental fiscal policy measures in the near future to boost the economy, Minister of Finance Lan Fo'an told a press conference on Saturday.

October 12, 2024