Road map charted to drive down logistics costs

China has charted a clear road map to drive down logistics costs, a move that officials and analysts said is not just about enhancing the competitiveness of industries, but also about strengthening the foundation of the real economy as a whole.

November 29, 2024

Logistics optimization to underpin economic growth in China

​There is significant room to improve logistics efficiency in China, and the country has rolled out a plan to cut the ratio of social logistics costs to GDP to approximately 13.5 percent by 2027, down from 14.4 percent in 2023 and 18 percent in 2012.

November 29, 2024

Ministry of Commerce: China open to advancing trade ties with US

China is open to dialogues with the U.S. and promoting steady and sustained development of bilateral economic and trade relations, while safeguarding its own sovereignty, security, and development interests, China International Trade Representative and Vice Minister of Commerce Wang Shouwen said at a policy briefing Friday.

November 25, 2024

China steps up efforts to bolster foreign trade

​In the face of sluggish global trade, China has introduced a series of measures to ensure steady import and export growth and help drive steady economic recovery this year.

November 23, 2024

Foreign ministry: China implementing unilateral visa-free policy for 29 countries

China has implemented unilateral visa-free policies for 29 countries, including France and Germany, as part of efforts to boost international travel, an official with the Ministry of Foreign Affairs said on Friday.

November 22, 2024

Official: China open to dialogue, cooperation with US to promote steady economic relations

China is ready to engage in dialogue, expand areas of cooperation and manage differences with the United States to promote steady and sustained development of bilateral economic and trade relations, China International Trade Representative and Vice Minister of Commerce Wang Shouwen said Friday.

November 22, 2024

Central bank: China to keep yuan exchange rate basically stable

China will keep the exchange rate of the yuan basically stable at an adaptive and balanced level, a central bank official said Friday.

November 22, 2024

China sees economic recovery, rising market confidence in October

China's economy witnessed notable recovery and a boost in market confidence in October, with active stock and real estate markets and improvements in business and consumer sentiment, said Fu Linghui, spokesperson of the National Bureau of Statistics, at a press conference Friday.

November 18, 2024

China's manufacturing investment up 9.3% in Jan-Oct

China's investment in the manufacturing sector grew 9.3% year on year in the first 10 months. In particular, investments in equipment manufacturing and consumer goods manufacturing grew 9.1% and 15% year on year, respectively, according to the National Bureau of Statistics.

November 18, 2024

China's retail sales of consumer goods up 4.8% in October

In October, China's total retail sales of consumer goods logged 4.54 trillion yuan (US$627.56 billion), up 4.8% year on year, 1.6 percentage points higher than the previous month, said Fu Linghui, spokesperson of the National Bureau of Statistics, on Friday.

November 15, 2024

China's consumer market shows continued recovery in October

China's consumption gained traction in October with faster sales growth and improving consumer sentiment thanks to favorable government policies.

November 15, 2024

China's property market shows positive changes as supportive policies take hold

China's property market displayed positive changes in October, with narrowing price declines, stronger sales and improved market sentiment, as the latest wave of pro-housing policies took effect.

November 15, 2024

China's retail sales pick up pace in October

China's consumer market registered more rapid growth in October as the sales of household appliances, furniture and automobiles were robust thanks to the national trade-in program.

November 15, 2024

China's fixed-asset investment up 3.4% in January-October

China's fixed-asset investment rose 3.4 percent year on year in the first 10 months of 2024, official data showed Friday.

November 15, 2024

China's industrial output up 5.3% in October

China's value-added industrial output, an important economic indicator, expanded 5.3 percent year on year in October, data from the National Bureau of Statistics showed Friday.

November 15, 2024

Official: China facing challenges in lead-up to 2026 Winter Olympics

With less than 500 days to go before the 2026 Milan-Cortina Winter Olympics, China's athletes face an uphill campaign at the event, the country's top sports official said.

November 8, 2024

China proposes two-step development goals for ice and snow economy

​China recently released a guideline on promoting the winter sports industry and ice and snow tourism. It targets a market value of 1.5 trillion yuan (approximately US$211 billion) by 2030 for the entire ice and snow economy, according to a press conference Wednesday.

November 7, 2024

Nation braces for big boom in cold-weather sports

More than two years after the Beijing 2022 Winter Olympics concluded, the legacy of the Games lives on, providing a boost to China's winter sports industry with governments, business owners and experts all bullish on the sector's robust growth during the country's next five-year plan period.

November 7, 2024

China issues guidelines to promote development of ice, snow economy

China aims to promote its ice and snow economy as a new growth point, with the goal of reaching an economic scale of 1.2 trillion yuan (about 169 billion U.S. dollars) by 2027, according to the guidelines issued by the General Office of the State Council.

November 7, 2024

China's big-ticket items spending grows in first 3 quarters

​In the first three quarters of 2024, consumer spending on big-ticket items such as automobiles and home appliances in China showed a positive trend, with home appliance retail sales in September recording the highest growth rate in over three years, an official from the Ministry of Commerce said at a press conference Friday.

November 5, 2024

China kicks off month-long consumption campaign

China recently launched a month-long campaign in Shanghai, Beijing, Guangzhou, Tianjin, and Chongqing, as part of the country's efforts to boost consumer spending, the Ministry of Commerce announced Friday.

November 5, 2024

China makes great strides in green development, climate action

China has made remarkable progress in green and low-carbon development and has actively addressed climate change, officials said at a press briefing held by the State Council Information Office on Friday.

November 4, 2024

Sustained drive set to boost spending

China will ramp up efforts to reinvigorate consumer spending and drive domestic demand across various sectors, to give a much-needed fillip to the country's economic growth momentum in the final stretch of the year, officials and analysts said.

November 4, 2024

China sees progress in green transition, climate response

​China has scored remarkable achievements in green and low-carbon development in recent years, accelerating its green transition on multiple fronts while actively contributing to global actions against climate change.

November 4, 2024

Official: China to introduce new policies in November to boost consumption

China will launch a series of consumption promotion events in five major cities in November and roll out new policies aimed at boosting consumer spending, Vice Minister of Commerce Sheng Qiuping said Friday.

November 1, 2024

Infographic: China aims high in space exploration 2024-2050

China recently unveiled its first mid- and long-term development program for space science. This program will guide the country's planning of space science missions and research through 2050 and aims to position China as a global leader in this field.

November 1, 2024

Harbin hits 'home stretch' for Games

With venues ready, volunteers recruited and testing events underway, Harbin is nearly ready to take up its hosting duties for the 9th Asian Winter Games, with preparatory work almost done entering the 100-day countdown.

October 30, 2024

NE China's Harbin to host 2025 Asian Winter Games

The 9th Asian Winter Games will be held in Harbin, capital city of northeastern China's Heilongjiang province, from Feb. 7 to 14, 2025, according to a press conference in Beijing on Tuesday.

October 29, 2024

2nd supply chain expo more internationalized

The 2024 China International Supply Chain Expo showcases a stronger international presence, with the proportion of overseas exhibitors increasing from 26% in the first session to 32% in the current one, and those from Europe and the U.S. accounting for 50% of all the overseas exhibitors, according to Zhang Shaogang, vice chairman of the China Council for the Promotion of International Trade, during a press conference Monday.

October 29, 2024

Expo to foster inclusive development of industrial, supply chains

The second China International Supply Chain Expo is set to open in late November. The expo aims to promote the integration of developing countries, emerging economies, as well as enterprises of all sizes into the global supply chain, said Yu Yi, director of the General Office of the China Council for the Promotion of International Trade, at a press conference Monday.

October 29, 2024