Central bank governor: China to cut reserve requirement ratio in near future

China will cut the reserve requirement ratio (RRR) by 0.5 percentage points in the near future, providing about 1 trillion yuan (about 141.78 billion U.S. dollars) in long-term liquidity to the financial market, Pan Gongsheng, governor of the People's Bank of China, said Tuesday.

September 24, 2024

China to cut mortgage rates for existing home loans

China will lower mortgage rates on existing home loans to a level similar to those of newly issued housing loans, Pan Gongsheng, governor of the People's Bank of China, said on Tuesday.

September 24, 2024

Official: China to create new monetary policy tools to support stock market

China's central bank will create new monetary policy tools to support the stable development of the stock market, the central bank governor said Tuesday.

September 24, 2024

China vows to strengthen elderly care services

China's Ministry of Civil Affairs has pledged to further strengthen the country's elderly care services to cope with the aging population.

September 24, 2024

China adds over 30,000 rural place names to protection lists under geographic naming project

More than 30,000 old rural place names have been added to China's protection lists since a rural geographic naming project was launched last year, a senior official of the Ministry of Civil Affairs (MCA) said Monday.

September 24, 2024

R&D tax deductions save companies trillions

More than 629,000 companies across China have benefited from a total of 3.45 trillion yuan ($489 billion) in R&D expense tax deductions last year, said the country's top tax authority in a recent press conference.

September 23, 2024

Tax data shows China's economic vitality in first 8 months

An array of tax data on innovation, digital economy and high-end manufacturing reflects China's achievements in high-quality development in the first eight months of the year, an official said Friday.

September 21, 2024

China aims to build a strong maritime nation

China is stepping up efforts to build a strong maritime nation. The country's gross ocean product reached 9.9 trillion yuan (US$1.4 trillion) in 2023, a year-on-year increase of 6%.

September 19, 2024

China sees net increase in farmland for 3 consecutive years

China has seen a net increase in the total area of farmland for three consecutive years, reversing years of shrinking, China's Ministry of Natural Resources announced Thursday.

September 19, 2024

China's foreign trade in sports services surges 178% in 2023

​China's sports industry has grown significantly over the years, with its added value registering an average annual growth of 15.4% from 2012 to 2022. The foreign trade of sports services reached 52.89 billion yuan (US$7.45 billion) in 2023, a surge of 178% year on year, said Zhou Jinqiang, vice minister of the General Administration of Sport of China, at a press conference Wednesday.

September 19, 2024

Over 400 new products, technologies to debut in 3rd Global Digital Trade Expo

More than 400 new products and technologies will debut at the third Global Digital Trade Expo, scheduled from Sept. 25 to 29 in Hangzhou, capital of east China's Zhejiang Province, Tang Wenhong, assistant minister of commerce, said on Wednesday.

September 19, 2024

China's economy maintains stable growth in August

The Chinese economy posted stable growth in August as the country has kept advancing high-quality development, official data showed Saturday.

September 15, 2024

30,000+ buyers to attend Global Digital Trade Expo

The third Global Digital Trade Expo, which will take place in Hangzhou, capital of Zhejiang province, from Sept 25 to 29, is expected to provide significant opportunities for bolstering the growth of digital trade and inject strong impetus into the high-quality development of the digital economy, officials and experts said on Wednesday.

September 19, 2024

China's industrial output up 4.5% in August

China's industrial output sustained stable growth in August with booming new growth drivers and strong exports.

September 14, 2024

China's surveyed urban unemployment rate down in January-August

China's job market remained stable in the January-August period as the surveyed urban unemployment rate dropped on a year-on-year basis, official data showed on Saturday.

September 14, 2024

China reports falling home prices in August

Major Chinese cities reported falling home prices in August, official data showed on Saturday.

September 14, 2024

China's retail sales up 2.1% in August

China's retail sales of consumer goods went up 2.1 percent year on year in August, the National Bureau of Statistics said Saturday.

September 14, 2024

China's fixed-asset investment up 3.4% in first 8 months

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

September 14, 2024

China sees rise in innovative drug approvals

On Friday, China's top drug regulator said it approved 31 innovative drugs from January to August, a rise of nearly 20 percent from the same period last year.

September 14, 2024

China to combat nation's demographic challenges

Providing full-life cycle health services, reducing childrearing burden and encouraging young people to marry and have children at appropriate ages are among key measures to address demographic challenges, a Chinese health official said on Thursday.

September 13, 2024

China, ASEAN trade up 7.7% in first 7 months

China and ASEAN have seen closer economic and trade ties over the years, remaining each other's top trade partner for four consecutive years. Their bilateral trade rose 7.7% year on year to US$552 billion in the first seven months of 2024, Vice Minister of Commerce Li Fei said at a press conference on Wednesday.

September 12, 2024

Exporters ready for big annual ASEAN fair

Business leaders from China and economies involved in the Association of Southeast Asian Nations are expected to further strengthen cooperation at the upcoming 21st China-ASEAN Expo to be held from Sept 24 to 28 in Nanning, Guangxi Zhuang autonomous region.

September 12, 2024

Over 3,000 enterprises to attend 21st China-ASEAN Expo

Over 3,000 enterprises are expected to attend the upcoming 21st China-ASEAN Expo in Nanning, south China's Guangxi Zhuang Autonomous Region, according to information revealed at a press conference Wednesday.

September 12, 2024

Medical insurance to cover assisted fertility services

China will expand medical insurance coverage and encourage reimbursement for assisted fertility services as part of the nation's efforts to increase birthrates, the National Healthcare Insurance Administration said on Tuesday.

September 11, 2024

Opening up of services seen broadening

China will further open up its services sector, promote convenient cross-border flow of various innovation elements, and optimize the environment for the growth of trade in services, a senior official said.

September 11, 2024

China adds 744 drugs to reimbursement list

China has added 744 drugs to its national reimbursement drug list in the past six years in a bid to secure public access to key medications and reduce their financial burden, the National Healthcare Security Administration said on Tuesday.

September 11, 2024

China's services outsourcing industry reports rapid growth from 2013-2023

China's services outsourcing industry has witnessed continuous rapid growth in recent years, becoming an important engine driving the country's services exports, official data showed on Tuesday.

September 11, 2024

China continues efforts to enhance drug affordability

Since 2018, China's expansion of drug coverage under its basic medical insurance has benefited 720 million individuals, saving them more than 700 billion yuan (about 98.4 billion U.S. dollars), according to the National Healthcare Security Administration (NHSA).

September 11, 2024

China advances legislation to bolster economic development

China will advance legislation on business, financial, trade, and energy sectors to promote high-quality economic development, said Jiang Shan, deputy director general of the Second Bureau of Legislation of the Ministry of Justice, at a press conference on Friday.

September 9, 2024

China has 754,000 legal service agencies

China has 754,000 legal service agencies and nearly 4 million professional legal service personnel, the country's Ministry of Justice (MOJ) said at a press conference Friday.

September 9, 2024