Financial services enhanced to support economy

Financial institutions are providing stronger support to the real economy by increasing the supply of more targeted and efficient services for major strategies, key fields, and weak areas, said Xiao Yuanqi, vice minister of the National Financial Regulatory Administration, at a press briefing Wednesday.

August 22, 2024

Official: China's commercial bank profits still reasonable

The profit level of China's commercial banks remains in a reasonable range, an official of the National Financial Regulatory Administration said on Wednesday.

August 22, 2024

Financial regulator to enhance risk control

The National Financial Regulatory Administration will strengthen efforts to promote reforms and risk controls among small and medium-sized financial institutions, support stable development of the real estate sector and enhance financial regulation — among other tasks — to propel high-quality development of the financial sector, officials from the financial watchdog said at a news conference in Beijing on Wednesday.

August 22, 2024

2024 FOCAC Summit to be held in early September

The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) will be held in Beijing from Sept. 4 to 6. China will expand institutional opening-up and deepen cooperation with Africa in terms of industrial and supply chains, in order for the two sides to share development benefits, said Tang Wenhong, assistant minister of commerce, at a press briefing Tuesday.

August 22, 2024

Regulator: China's banking sector assets growing steadily

China's banks have seen steady asset expansion since the start of the year, an official with the country's financial regulator said on Wednesday.

August 22, 2024

China not Africa's main creditor, 'debt trap' claim debunked

​According to the debt report released by the World Bank, China-Africa bilateral debt accounted for 11% of Africa's total external debt. At a press conference Tuesday, Shen Xiang, director general of the Department of West Asian and African Affairs at the Ministry of Commerce, refuted the "debt trap" myth, emphasizing that China is not the primary creditor of African debt.

August 21, 2024

Nation to back financial institutions

China will encourage and support financial institutions from both its market and Africa to strengthen exchanges and innovate financial cooperation models in the years ahead, said government officials on Tuesday.

August 21, 2024

China-Africa economic, trade cooperation reaches new heights

China-Africa economic and trade cooperation has continued to scale new heights since the 2021 Forum on China-Africa Cooperation (FOCAC), delivering tangible benefits to the people of both China and Africa, Assistant Minister of Commerce Tang Wenhong said Tuesday.

August 21, 2024

China continues to see rising number of foreign visitors thanks to favorable policies

​China continues to see a rising number of foreign visitors thanks to its series of entry policies, the National Immigration Administration said on Monday.

August 20, 2024

Foreign visitors surge 129.9% in Jan-July in China

​In the first seven months of this year, 17.25 million foreign nationals entered China, representing a year-on-year increase of 129.9%, according to data released by the country's National Immigration Administration on Monday.

August 19, 2024

China reports 129.9% growth of foreign visitors in first 7 months

​The number of foreign visitors to China soared 129.9 percent year on year to 17.25 million in the first seven months of this year thanks to a series of measures facilitating the entry of foreigners, the National Immigration Administration said on Monday.

August 19, 2024

Nation to incentivize foreign investors

China will roll out a set of initiatives aimed at incentivizing foreign investment, with the goal of enabling a greater number of global players to benefit from the dividends of the country's reform and opening-up policies, and promoting a win-win scenario, senior officials said on Friday.

August 19, 2024

5th Qingdao Multinationals Summit set to open on Aug. 27

​The fifth Qingdao Multinationals Summit will be convened from Aug. 27 to 29 in Shandong Province, continuing its established "Multinational Corporations and China" theme.

August 19, 2024

One-stop government services promoted in China

As part of the ongoing efforts to streamline services for enterprises and the public, the State Administration for Market Regulation has introduced a range of innovative measures aimed at promoting one-stop government services and made significant strides, the authority announced at a press conference Friday.

August 16, 2024

China makes progress in creating level playing field for market players

China has made steady progress in leveling the playing field for all market players as it seeks to promote high-quality development of the country's market regulation sector, Zhou Zhigao, an official of the State Administration for Market Regulation, told a press conference Friday.

August 16, 2024

China's high-tech and green sectors surge in July

This July, China has seen robust growth in high-tech industries, new energy sectors, and online retail, marking new progress in high-quality development, said Liu Aihua, spokesperson of the National Bureau of Statistics, at a press conference Thursday.

August 16, 2024

Chinese economy advances with steady growth momentum

The Chinese economy has demonstrated resilience with stronger growth momentum in July, navigating through downside risks as more pro-growth policies have kicked in, official data showed Thursday.

August 16, 2024

China's retail sales of consumer goods up 2.7% in July

China's retail sales of consumer goods grew by 2.7% year on year to reach around 3.78 trillion yuan (US$528.82 billion) in July, 0.7 percentage point higher than the previous month, a spokesperson of the National Bureau of Statistics said Thursday.

August 15, 2024

China's job market remains stable in Jan-July

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

August 15, 2024

China's power generation sees rapid surge in July

China's power generation surged at a rapid pace in July, the National Bureau of Statistics said Thursday.

August 15, 2024

China's service sector picks up pace in July

China's service sector registered a faster recovery last month as warming domestic demand boosted activity in industries from transportation to culture and sports, official data showed Thursday.

August 15, 2024

China's fixed-asset investment up 3.6% in first 7 months

China's fixed-asset investment rose 3.6 percent year on year to reach about 28.76 trillion yuan (about 4.03 trillion U.S. dollars) in the first seven months of 2024, data from the National Bureau of Statistics showed Thursday.

August 15, 2024

China's retail sales up 2.7% in July

China's retail sales of consumer goods went up 2.7 percent year on year to nearly 3.78 trillion yuan (about 528.82 billion U.S. dollars) in July, the National Bureau of Statistics said Thursday.

August 15, 2024

China's industrial output up 5.1% in July

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

August 15, 2024

China's property market shows signs of warming despite price drop

Major Chinese cities saw home prices fall in July compared to the previous month, though the declines continued to narrow, aided by favorable policies, according to data from the National Bureau of Statistics (NBS) released on Thursday.

August 15, 2024

China to further open up service sector to boost consumption

China plans to further open up its service sector to meet growing consumer demand for higher-quality services, said a senior official of the Ministry of Commerce at a press conference in Beijing on Friday.

August 12, 2024

China vows greater efforts to boost service consumption

A commerce ministry official said Friday that China will promote alignment with high-standard international economic and trade rules and expand opening up to boost the consumption of services.

August 12, 2024

Official pledges greater financial, fiscal support for elderly care development

​An official from the Ministry of Civil Affairs pledged greater financial and fiscal support, such as tax-related preferential policies to better promote the development of China's elderly care services.

August 12, 2024

China expands cultural, tourism offerings with 37,000 summer events

​This summer, China hosted around 37,000 cultural and tourism events spanning over 4,000 categories nationwide, catering to popular interests such as night tours, summer getaways and family-friendly excursions, according to the Ministry of Culture and Tourism on Friday.

August 12, 2024

Infographic: Decoding China's high-quality development through numbers (II)

In recent months, the State Council Information Office hosted a series of press conferences with officials from 31 provinces, municipalities, and autonomous regions, showcasing their efforts in pursing high-quality development. Explore the second half of the infographic to discover each region's contributions, from innovation-driven growth and higher-level openness to green development initiatives.

August 7, 2024