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China leads global efforts to spur trade

Two employees walk past the container terminal of Qingdao Port, Shandong province. [Photo by Zhang Jingang/For China Daily] 12 nations mount united response to lift supply chains amid COVID-19 China is working with a number of countries to spur pragmatic economic, trade cooperation, boost goods trade volume and stabilize industrial chains to facilitate regional and...

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SOE reform key to technology upgrade

An employee works at the assembly line of YTO Group Corp in Luoyang, Central China’s Henan province, on March 5. [Photo/Xinhua] State-owned enterprises have played central roles in China’s development as providers of utilities such as electricity and communications and of key goods such as steel and coal. They have also been instrumental in industries...

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Meat imports from 23 foreign firms suspended due to infections

A resident shops for pork in Shijiazhuang city in Hebei province on April 10, 2020. [Photo/Sipa] China has suspended the imports of meat products from 23 foreign companies in Germany, Brazil, United Kingdom and the United States, given local infection clusters in meat and aquatic product companies in these countries, said the General Administration of...

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Multiple govt measures boost foreign trade firms

An employee inspects a Bonluck bus from Jiangxi Kama Business Bus Co Ltd before delivery to the Middle Eastern market on Feb 19, 2020. [Photo/Xinhua] The central government and local governments have launched a series of measures since the beginning of the year to assist small and medium-sized foreign trade companies, as the performance of...

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China-Europe freight trains record 36% surge in trips

Policemen checks an outbound China-Europe freight train at Horgos Pass in Northwest China’s Xinjiang Uygur autonomous region, April 20, 2020. [Photo/Xinhua] The number of China-Europe freight trains has registered a significant increase in the first half of this year as freight trains continue to play a vital role in maintaining global supply chain amid the...

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BRI nations key destinations for overseas investment

Employees assemble diesel engines in the China-Belarus Industrial Park in the Belarusian capital of Minsk. [Photo/Xinhua] Counties involved in the Belt and Road Initiative (BRI) have become important destinations for Chinese companies’ overseas investments, while building high-standard industrial parks will be important for promoting BRI development and international capacity cooperation, according to research by global...

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Education jobs hottest for 2019 graduates

Graduates of Northwest Normal University take part in a graduation ceremony in Lanzhou, Northwest China’s Gansu province on June 11, 2020. [Photo/Xinhua] As high as 15.9 percent of 2019 college graduates in China were employed in the education industry, making it the industry receiving the largest number of graduates last year, according to the 2020...

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Creating jobs, unemployment relief essential to 200m migrant workers

Migrant workers board a train in Nayong county, Bijie, Guizhou province, on March 7. [Photo/Xinhua] Currently, the major goal in stabilizing the job market is to ensure long-term steady employment of over 200 million migrant workers who can be easily affected by external shocks like the COVID-19 epidemic. Creation of new jobs in the public...

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Inflation to remain mild despite CPI rise in June

Shoppers select fruits at a supermarket in Lianyungang, Jiangsu province. [Photo/Xinhua] China’s inflation is likely to remain mild this year and may not represent a major constraint on the country’s monetary policy despite consumer inflation edging higher last month, economists said on Thursday. The country’s consumer price index, a main gauge of inflation, grew 2.5...

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Steps planned to back firms, employment

Job seekers stop by a company booth at a career fair at Anhui University of Science and Technology in Huainan, Anhui province, on Tuesday. [Photo by Chen Bin/For China Daily] Guideline adopted on improving business environment, providing better services China will take new steps to provide better services to market entities and further facilitate employment...

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China-ASEAN expo postponed due to COVID-19

The senior officials’ meeting for the 17th China-ASEAN Expo and working meeting on investment cooperation was held on July 9, 2020 in Nanning, capital city of South China’s Guangxi Zhuang autonomous region. [Photo provided to chinadaily.com.cn] The 17th China-ASEAN Expo is postponed and will be rescheduled due to the COVID-19 pandemic, according to those at...

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China’s consumer inflation stable, factory prices rebound

Consumers buy vegetables at a supermarket in Handan, Hebei province. [Photo by Hao Qunying/For China Daily] BEIJING – China’s consumer inflation remained generally stable in June under the country’s continued efforts toward economic recovery, while factory-gate prices picked up from May as demand warms, official data showed Thursday. The consumer price index (CPI), the main...

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Chinese economy stages strong rebound from pandemic: analysts

Workers assemble an industrial turbine at a factory in the Haizhou Economic Development Zone in Lianyungang, Jiangsu province, in May. [Photo by Geng Yuhe/For China Daily] NEW YORK – The Chinese economy has staged an impressive rebound from the COVID-19 shock amid the country’s effective efforts to contain the virus, analysts have said. “Our tracking...

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Govt gives further boost to private sector

A railway container center in the Sichuan-Pilot Free Trade Zone in Chengdu. [Photo/Xinhua] China announced measures on Wednesday to encourage private sector participation in transport infrastructure projects, in an effort to inject new vitality into the economy and foster high-quality social and economic development, according to the country’s top economic regulator. The document, released by...

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Digital economy driving force in China’s growth

A child interacts with an intelligent robot during the 2019 Smart China Expo in Southwest China’s Chongqing municipality on Aug 27, 2019. [Photo/Xinhua] The economic value added of China’s digital economy reached 35.8 trillion yuan ($5.11 trillion) in 2019, accounting for 36.2 percent of gross domestic product according to the White Paper on the Development...

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Shanghai shopping event helps recover consumption in city

Customers visit the New World Department Store in Shanghai during the May 5 Shopping Festival. [Photo by Yang Jianzheng/for China Daily] The May 5 Shopping Festival, the first comprehensive shopping carnival initiated by the Shanghai municipal government, has helped the city’s total consumption return to the same level of last year over the past two...

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China’s June CPI up 2.5%

A staff member arranges fruit at a supermarket in Danzhai county, Guizhou province, June 10, 2020. [Photo/Xinhua] China’s consumer price index, the main gauge of inflation, rose 2.5 percent in June year-on-year, data from the National Bureau of Statistics showed on Thursday. More content to follow. Please refresh the page later. Via China Daily

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China-US cooperation trend unstoppable: vice foreign minister

Vice foreign minister Le Yucheng speaks at a video dialogue on Sino-US relations on July 8, 2020. [Photo/fmprc.gov.cn] The trend toward China-US cooperation is unstoppable, said vice foreign minister Le Yucheng at a video dialogue on Sino-US relations co-hosted by the Chinese People’s Institute of Foreign Affairs and the Asia Society on July 8. According...

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China’s agricultural product wholesale prices edge up

Shoppers buy fruit at a supermarket in Shijiazhuang, Hebei province. [Photo by Jia Minjie/ For China Daily] BEIJING – The wholesale prices of China’s agricultural products registered a slight uptick Wednesday, according to a report from the Ministry of Agriculture and Rural Affairs. The latest China agricultural product wholesale price index came in at 115.72, up...