Central bank: China's monetary policy to boost domestic demand, supply-side structural reform

China's prudent monetary policy will focus on coordinating the expansion of domestic demand and supply-side structural reform, Xuan Changneng, vice governor of the People's Bank of China, said on Friday.

January 14, 2023

Official: China has sufficient energy supply for Spring Festival holiday

China has sufficient energy supply and management mechanisms to help cope with peaks in energy use amid cold waves and the Spring Festival holiday, a senior official said Friday.

January 13, 2023

China's trade in goods hits 42.07 trillion yuan in 2022

​China's foreign trade in goods totaled 42.07 trillion yuan (US$6.25 trillion) in 2022, up 7.7% from 2021, the General Administration of Customs said at a press conference Friday. Imports grew to 18.1 trillion yuan (up 4.3%), while exports increased to 23.97 trillion yuan (up 10.5%).

January 13, 2023

China's trade with major partners grows steadily

China's imports and exports with ASEAN, the EU, and the U.S. — its top three trade partners — grew steadily in 2022, registering 6.52 trillion yuan (US$969.5 billion), 5.65 trillion yuan, and 5.05 trillion yuan, respectively, according to a press conference held in Beijing on Friday.

January 13, 2023

Nation claws back land suffering from erosion

China has made consistent progress in reducing its land area affected by severe water and soil erosion in the past decade, according to the Ministry of Water Resources.

January 13, 2023

China's foreign trade up 7.7% in 2022 to new high

​China's total goods imports and exports hit record high again in 2022, expanding 7.7 percent year on year to 42.07 trillion yuan (about 6.25 trillion U.S. dollars), official data showed Friday.

January 13, 2023

China invests 68.6B yuan to control soil erosion in past 10 years

Since the 18th National Congress of the Communist Party of China in 2012, the Chinese central government has invested 68.6 billion yuan (US$10.2 billion) in supporting nationwide efforts to control soil erosion, the Ministry of Water Resources said at a press conference Thursday in Beijing.

January 12, 2023

China goes all out to ensure Spring Festival travel, logistics amid optimized COVID response

China Focus: China goes all out to ensure Spring Festival travel, logistics amid optimized COVID response

January 7, 2023

Trips during Chinese New Year to double from 2022

Nearly 2.1 billion trips are estimated to be made during the upcoming Chinese New Year travel rush (Jan. 7-Feb. 15), up 99.5% from the same period last year, reaching 70.3% of the number in 2019, according to the Ministry of Transport.

January 6, 2023

Flights to recover to 73% of 2019 level during Chinese New Year travel rush

​China's civil airlines have scheduled an average of 11,000 passenger flights per day during the upcoming Chinese New Year travel rush (Jan. 7 – Feb. 15), following the country's recent adjustment of epidemic countermeasures. The flights are about 73% of the 2019 level, an official announced at a press conference Friday.

January 6, 2023

China's VAT rebates help to ease difficulties for small business

China has refunded value-added tax (VAT) credits worth 917.8 billion yuan (US$130.3 billion) for micro- and small-sized enterprises, helping to ease their difficulties and keep the operations of market entities stable, an official said at a press conference in Beijing on Wednesday.

November 17, 2022

China's tax, fee cuts and deferrals reach 3.7 trillion yuan

China's tax refunds as well as cuts and deferrals to tax and fee payments have reached 3.7 trillion yuan (US$525.8 billion) this year, as the country continues to alleviate burdens on market entities, according to a policy briefing Wednesday.

November 16, 2022

China further eases corporate burden with tax, fee support

China's tax refunds, as well as tax and fee cuts and deferrals, topped 3.7 trillion yuan (about 525.8 billion U.S. dollars) this year as of Nov. 10, as the country continued efforts to ease enterprises' burden, official data showed Wednesday.

November 16, 2022

China's economy expected to further recover: Official

China's economy is expected to further recover in the rest of 2022 as the government's stimulative economic package is set to yield fruitful returns in the fourth quarter, an official with China's top economic planner said Wednesday.

November 16, 2022

China's high-tech manufacturing industry sees rapid growth in October

China's high-tech manufacturing industry posted rapid growth in October, registering a year-on-year increase of 10.6%, said an official at a press conference on Tuesday.

November 15, 2022

China's industrial output up 5% in October

China's industrial production continued to expand in October, as the added value of industrial enterprises above the designated size logged a growth of 5% year on year, according to a press conference Tuesday.

November 15, 2022

Investment in high-tech sector grows 20.5% in Jan-Oct

In the first 10 months of this year, China's investment in high-tech industries increased by 20.5% year on year, as the country's fixed asset investment witnessed stable growth, according to figures released by the National Bureau of Statistics on Tuesday.

November 15, 2022

China's surveyed urban unemployment rate at 5.5% in October

China's surveyed urban unemployment rate stood at 5.5 percent in October, flat from the September level, data from the National Bureau of Statistics showed Tuesday.

November 15, 2022

China's industrial output grows amid sustained economic recovery

China's industrial production continued to expand in October, with the high-tech manufacturing sector posting robust performance, official data showed Tuesday.

November 15, 2022

China's retail sales up 0.6% in first 10 months

China's retail sales of consumer goods went up 0.6 percent year on year in the first 10 months, data from the National Bureau of Statistics showed Tuesday.

November 15, 2022