The economy

4th CIIE to set up biomedicine section

​The 4th China International Import Expo (CIIE) will set up a special section for biomedical products for the first time.

Asian digital currency gets PBOC support

China has joined a multilateral central bank digital currency project in Asia for real-time cross-border transactions like cross-border fund transfers, international trade settlements and capital market transactions, amid renewed global efforts to promote the use of digitalized legal tenders.

China ready to strengthen economic, trade exchanges with US: MOC

China is ready to strengthen exchanges with the United States in economic and trade fields, and carry out cooperation on the basis of mutual respect, equality and mutual benefit, China's Minister of Commerce Wang Wentao said at a press conference on Wednesday.

China remains Germany's top trading partner in 2020

​China was Germany's most important trading partner in 2020 for the fifth consecutive year, the Federal Statistical Office (Destatis) announced on Monday.

EU-China trade has significant growth potential

According to Joerg Wuttke, president of the European Union (EU) Chamber of Commerce in China (EUCCC), the opening up of the services sector and more pro-trade measures could help EU businesses as well as Chinese enterprises further expand their growth.

Official calls for global 5G teamwork at telecom expo

A senior official from China's top industry regulator called on Tuesday for deeper international cooperation on 5G cybersecurity. The comment comes as the nation has invested more than 260 billion yuan ($40.2 billion) to build the world's largest 5G network.

RMB gains larger share in international payment

The Chinese currency renminbi has retained its spot as the fifth most attractive currency for global payments by value in January but with a larger share as a global payment currency.

China-Africa innovation, cooperation center launched

​The China-Africa innovation and cooperation center was launched in central China's Hubei Province capital, Wuhan, on Thursday.

China approves 2,394 geographical indication products

China has approved 2,394 geographical indication (GI) products and seen 6,116 GI trademarks registered as of the end of January, according to the National Intellectual Property Administration (NIPA).

State Council releases guideline to boost green economy

​The State Council, China's cabinet, has released a guideline to accelerate the development of a green and low-carbon circular economic development system.

Foreign investors cast a vote of confidence in China

Entrepreneur Yun Hwang-suk from the Republic of Korea has just injected 1.5 million U.S. dollars of capital into his electronics company in east China's Shandong Province.

China to build another 600,000 5G base stations in 2021

China will build more than 600,000 5G base stations in 2021, according to a press conference held by the country's Ministry of Industry and Information Technology.

China's consumer inflation eases, factory-gate prices rise

China's consumer inflation eased while factory-gate prices rebounded in January.

China's FDI inflow up 4.6% in January

China remains an attractive destination for foreign direct investment (FDI) in January, the Ministry of Commerce (MOC) said on Wednesday.

Central bank reiterates stability in monetary policy

​China's central bank has reiterated that it will prioritize stability in its monetary policy and avoid making sudden shifts.

China is readily considering joining CPTPP

China is readily considering joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to promote economic globalization and regional economic integration, the Ministry of Commerce (MOC) said on Thursday.

​Top 10 Chinese cities ranked by GDP in 2020

Following the release of data by the National Bureau of Statistics of China regarding China's economic performance in 2020, various cities have subsequently announced local annual economic reports.

China to deepen reforms in pilot FTZs: MOC

​China will promote deep-level reforms in pilot free trade zones (FTZs) and facilitate innovations on liberalization and facilitation of trade and investment, according to the Ministry of Commerce (MOC).

China to advance efforts for implementing RCEP agreement

Premier Li Keqiang heard a report on the domestic efforts for the Regional Comprehensive Economic Partnership (RCEP) to take effect and get implemented when chairing the State Council executive meeting on Wednesday, and called for deepening reform and opening-up to promote industrial upgrading.

IMF projects China's economy to grow 8.1% in 2021

The International Monetary Fund (IMF) on Tuesday projected that China's economy will grow by 8.1 percent in 2021, 0.1 percentage point below the October forecast, according to the latest update to its World Economic Outlook (WEO).