Consumption remains top driving force for China's GDP growth

Consumption has remained the major driving force behind China's economy, contributing to 73.7% of its 5.3% GDP growth in the first quarter, an official said Friday.

April 22, 2024

China's Q1 non-financial ODI up 12.5%

China's non-financial outbound direct investment (ODI) came in at 242.92 billion yuan (about 34.2 billion U.S. dollars) in the first quarter of this year, up 12.5 percent year on year, official data showed on Friday.

April 22, 2024

Foreign trade set to stay resilient this year

China's foreign trade, buoyed by the steady upturn of the domestic economy and an improved trading structure increasingly driven by high-tech and green products and export market diversification, will continue to exhibit resilience this year, according to officials and executives on Friday.

April 22, 2024

China's big-ticket items spending, services consumption rise in Q1

Chinese consumers' spending on big-ticket items such as cars, home appliances, and furniture expanded while spending on services consumption rose quickly in the first quarter of this year, the Ministry of Commerce (MOC) said on Friday.

April 22, 2024

Foreign-invested firms in China up 20.7% in Q1

​The number of newly established foreign-invested firms in China hit 12,000 in the first quarter (Q1) of 2024, up 20.7 percent year on year, the Ministry of Commerce said on Friday.

April 22, 2024

Official: Canton Fair sees surge in number of overseas purchasers

​The 135th session of the China Import and Export Fair, also known as the Canton Fair, saw an increase in overseas purchasers compared with the previous edition, an official said on Friday.

April 22, 2024