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Commerce ministry: China reports active trade with BRI countries in 2024
China's trade in goods with Belt and Road Initiative (BRI) partner countries hit 22.1 trillion yuan (3.07 trillion U.S. dollars) in 2024, the Ministry of Commerce said on Wednesday.
January 16, 2025
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China pledges efforts to expand opening-up, welcomes foreign investment
China will roll out more measures to expand opening-up and attract more foreign investment in 2025, according to the Ministry of Commerce (MOC) on Wednesday.
January 15, 2025
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PBC: Bond buying suspension meant to address market risks
The People's Bank of China (PBC) has temporarily suspended treasury bond purchases to manage market risks and maintain stability, said the central bank's spokesperson Zou Lan at a press conference on Tuesday.
January 15, 2025
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Adjustments to monetary policies eyed
China will adjust the intensity and pace of monetary policies at the right time to support the achievement of annual economic targets, officials said on Tuesday, reaffirming the market's accommodative monetary environment for 2025.
January 15, 2025
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Chinese currency gaining traction in global markets
Offshore renminbi bond issuances more than doubled last year while panda bond issuances surged, highlighting the steady progress made by the Chinese currency in gaining traction in global markets, official data showed on Tuesday.
January 15, 2025
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Industrialized patents of Chinese enterprises continue to rise
The industrialization rate of invention patents among Chinese enterprises has been steadily rising, with medium and small-sized enterprises making a growing contribution, China's top intellectual property regulator said on Wednesday.
January 15, 2025
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China's innovation capabilities soar amid surge in high-value patents
China's innovation capabilities have surged, with 14 high-value invention patents per 10,000 people, marking a significant advancement in the country's intellectual property (IP) development, an official said at a press conference on Wednesday.
January 15, 2025
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China's yuan loans grow by 18.09 trln yuan in 2024
China's yuan-denominated loans rose by 18.09 trillion yuan (about 2.52 trillion U.S. dollars) in 2024, central bank data showed on Tuesday.
January 15, 2025
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Customs authority refutes overcapacity claims
At a press conference Monday, Vice Minister of the General Administration of Customs of China Wang Lingjun refuted U.S. overcapacity claims, stating that China's robust manufacturing sector ensures stable global industrial and supply chains and drives global technological progress and industrial upgrading.
January 15, 2025
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China's cross-border trade, investment more vibrant
China's cross-border trade and investment became more vibrant in 2024, said an official with the State Administration of Foreign Exchange (SAFE) on Tuesday, quoting official data.
January 15, 2025
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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