China's shadow banking sector shrinks by 25 trillion yuan in 5 years

China has made solid progress in preventing and defusing financial risks in the past five years, as the country's shadow banking sector shrank by 25 trillion yuan and 12 trillion yuan worth of non-performing assets were disposed of, according to a press conference Wednesday.

March 3, 2022

Beijing 2022 Paralympics boosts winter parasports in China: Official

China has seen an increasing number of people with disabilities take part in winter sports after winning the bid to host the 2022 Paralympic Winter Games, a Chinese official said Thursday.

March 3, 2022

Ongoing tech rectification going smoothly, official says

China has the full confidence in ongoing rectification work for Ant Group and other 13 internet platforms engaged in finance, the country's top banking and insurance regulator said on Wednesday.

March 3, 2022

Regulators stress stability in housing

Housing price adjustments and restructuring of demand are good for China's financial sector but regulators expect to see a smooth transition rather than drastic adjustments that could have a huge economic impact, one of China's top financial regulators said on Wednesday.

March 3, 2022

China sees growing inclusive financing for small firms: Official

China has provided more targeted inclusive loans to small and micro businesses with lowered interest rates, the country's top banking regulator said on Wednesday.

March 3, 2022

China makes progress in preventing, defusing financial risks: Official

China has made continued efforts to forestall and defuse financial risks while supporting steady economic recovery, said the country's top banking regulator Wednesday.

March 3, 2022

China's trade with Belt and Road countries up 32.4% in 2021

China registered higher-than-average growths in trade and investment with countries along the Belt and Road in 2021 despite the impact of COVID-19, said Assistant Commerce Minister Sheng Qiuping on Tuesday.

March 2, 2022

China achieves high-quality development in transportation in 2021

The country's transportation sector achieved high-quality development in 2021, and got off to a good start in the 14th Five-Year Plan period (2021-2025), said Minister of Transport Li Xiaopeng at a press conference Monday.

March 2, 2022

Nation casts EU relations in growth mold

China's development offers an opportunity, and not a challenge or "threat", to the European Union, and the two sides share more for cooperation than competition, China's Commerce Minister Wang Wentao said on Tuesday.

March 2, 2022

China willing to meet CPTPP standards

China will proactively align with high-level international economic and trade rules, to further deepen reform and expand institutional opening-up, according to senior commerce officials on Tuesday.

March 2, 2022

China to expand transportation networks in 2022

China will step up infrastructure construction in its transportation sector by expanding the networks of railways, expressways, and waterways, as well as building more airports, according to a press conference Monday.

March 1, 2022

Transport infrastructure to expand

China will carry out further infrastructure construction in the transport sector this year, extending the networks of railways, freeways and waterways, as well as building more airports, Transport Minister Li Xiaopeng said.

March 1, 2022

Govt assures agri firms of stability in fertilizers

China will guarantee the stable operations of key enterprises involved in the business of agricultural materials and fertilizers, the Ministry of Industry and Information Technology said on Monday.

March 1, 2022

Investment to focus on stable growth

China's top industry regulator said on Monday that it will ramp up efforts to ensure stable industrial operations in the first quarter by beefing up policy support for key sectors and encouraging investment in manufacturing.

March 1, 2022

China to add 3,300 km rail lines in 2022

China plans to launch new rail lines totaling 3,300 kilometers this year along with a slew of measures to improve its comprehensive transport network, the Ministry of Transport said Monday.

March 1, 2022

China remains world's top manufacturing hub for 12 consecutive years

China has maintained its position as the world's largest manufacturing hub for 12 straight years, the Ministry of Industry and Information Technology (MIIT) said on Monday.

March 1, 2022

China tops world in NEV production, sales for 7 consecutive years

China ranked first globally in terms of the production and sales of new energy vehicles (NEVs) for seven years in a row from 2015 to 2021, according to a press conference Monday.

February 28, 2022

Proposals help ensure easing of students' academic workload

Ending excessive academic work and off-campus tutoring for primary and middle school students has been a prime concern for China's top legislators and political advisers, with the Ministry of Education implementing strong measures to address the issue.

February 25, 2022

China's R&D expenditure up 14.2% in 2021

In 2021, China's R&D expenditure rose 14.2% year on year to 2.79 trillion yuan, accounting for 2.44% of its GDP, said an official at a press conference Friday.

February 25, 2022

Chinese mainland's sci-tech cooperation with Hong Kong and Macao makes advances

Efforts to promote the integration of science and technology innovation in Hong Kong and Macao into the national innovation system have made advances, an official with the Ministry of Science and Technology (MOST) said Friday.

February 25, 2022