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Official: Import expo in Shanghai to promote high-level opening up
The 7th China International Import Expo (CIIE), scheduled to be held in Shanghai from Nov. 5 to 10, will play its role as a platform to promote high-level opening up, an official said Wednesday.
October 24, 2024
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China's industrial sector reports steady operations from Q1 to Q3
China's industrial sector logged stable growth in the first three quarters of 2024, the Ministry of Industry and Information Technology said on Wednesday.
October 24, 2024
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China's forex market turnover up 10.1% in Jan-Sept
Trading on China's foreign exchange market was active in the first three quarters of this year as it saw a turnover of US$30.27 trillion, up 10.1% year on year, the State Administration of Foreign Exchange said at a press conference Tuesday.
October 23, 2024
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Chinese banks report forex settlement deficit in first 3 quarters
China's commercial banks saw a forex settlement deficit of $121.3 billion in the first three quarters of this year, official data showed Tuesday.
October 23, 2024
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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