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

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

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

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

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

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

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

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

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

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

66.7 billion yuan issued to support employment in 2024, finance minister says

Since the beginning of this year, the central government has allocated 66.7 billion yuan (US$9.44 billion) in employment subsidies to help local governments support key groups, such as university graduates, in finding jobs and receiving vocational skills training, Chinese Finance Minister Lan Fo'an said at a press conference Saturday.

October 14, 2024

China refines financial aid for students

China has rolled out enhancements to its student financial aid policies aimed at rewarding outstanding students and supporting those from economically disadvantaged backgrounds, according to officials from the Ministry of Finance and the National Development and Reform Commission.

October 14, 2024

China signals new fiscal policies to boost economy

China will roll out a package of incremental fiscal policies in the near term to support the economy, Minister of Finance Lan Fo'an said at a widely anticipated press conference in Beijing on Saturday.

October 12, 2024

China to introduce incremental fiscal policy measures to bolster economy

China will introduce a package of targeted incremental fiscal policy measures in the near future to boost the economy, Minister of Finance Lan Fo'an told a press conference on Saturday.

October 12, 2024

Public data potential set to be unleashed

​China's latest push to accelerate the development and utilization of public data resources is expected to fully unleash the potential of public data elements, help cultivate new competitive advantages and inject fresh impetus into high-quality economic growth, officials and experts said.

October 11, 2024

China to boost financing support for data development, utilization

​China will increase fiscal support for the data industry by tapping into the central government's budget and ultra-long special treasury bonds to improve the management, development, utilization and security of data resources, an official said on Thursday.

October 11, 2024

China introduces incremental policies to boost economy

China has introduced a package of incremental policies that aims to address economic downturns, boost domestic demand, support businesses, stabilize the real estate market, and address fluctuations in the stock market in a well-targeted, effective and sustainable manner, the head of China's top economic planner said Tuesday.

October 9, 2024

NDRC brings forward investment plans

China will bring forward part of the investment plans originally set for 2025 to this year while studying to expand the scope that local government special bonds can be used, as part of the country's stepped-up efforts to spur investment and achieve steady economic growth, officials said on Tuesday.

October 9, 2024

More policies in pipeline to boost economy

As there have been more signs recently of a bull run in the A-share market, including soaring indexes and the stratospheric level of the trading volume, more economic stimulus policies as well as investors' patience are equally important to further consolidate the upward trend of Chinese equities, said experts.

October 9, 2024

China to front-load 100B yuan from 2025 central budget

China will front-load 100 billion yuan (US$14.19 billion) from its 2025 central budget for investment and another 100 billion yuan for projects supporting major strategies and key fields, the country's top economic planner said Tuesday.

October 9, 2024

China confident of achieving annual growth target, more policies in pipeline

China is confident to maintain steady and healthy economic growth and achieve the full-year growth target, the country's top economic planner said Tuesday.

October 8, 2024

China aims for smooth travel during National Day holiday

China is making multipronged efforts to ensure safe and smooth trips for passengers during the upcoming National Day holiday, the Ministry of Transport said on Friday.

September 29, 2024

Holiday travel to see around 2 billion cross-regional trips

China is poised to experience an estimated 1.94 billion cross-regional trips during the upcoming week-long National Day holiday, starting Tuesday, Li Yang, vice-minister for transport, said in Beijing on Friday.

September 29, 2024

NFRA creates special science, tech insurance system

The National Financial Regulatory Administration is working to support the growth of the insurance industry by creating a special system for science and technology insurance. This was shared by Yin Jiang'ao, an NFRA official, during a media conference in Beijing on Friday.

September 29, 2024

Infographic: China unveils financial package to boost economy

The People's Bank of China unveiled a financial policy package to boost the economy at a press conference on Tuesday, including cutting the reserve requirement ratio and policy interest rates, and lowering mortgage rates for existing home loans. Here are some highlights.

September 27, 2024

China's audio-visual industry revenue up 7% in H1

China's broadcasting, television and online audio-visual service industry generated total revenue of 668.3 billion yuan (95.3 billion U.S. dollars) in the first half of 2024, representing 7 percent year-on-year growth.

September 27, 2024

Official: China's TV, online videos to be dominated by ultra-high-definition in 2 years

China is set to make ultra-high-definition (UHD) the predominant format for television and online videos by 2026, the National Radio and Television Administration said on Friday.

September 27, 2024

China marks historic achievements in education over past decade

China has achieved historic accomplishments in education over the past decade, giving people a stronger sense of fulfillment, Minister of Education Huai Jinpeng said at a press conference Thursday. The gross enrollment rate in higher education now stands at 60.2%, reaching the globally recognized level of universal access.

September 27, 2024

China vows intensified, improved preservation of cultural relics

China will step up efforts to preserve its cultural relics, improve the management, and create more engaging ways for the public to appreciate the rich cultural heritage, according to the National Cultural Heritage Administration (NCHA).

September 27, 2024

Ministry: China's online smart education platform benefiting world

China's online smart education platform has recorded over 50 billion visits to date, with over 10 million overseas users located across more than 200 countries and regions, Wang Guangyan, China's vice minister of education, said at a press conference on Thursday.

September 27, 2024