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Optimizing financial regulatory systems and greater reform to advance urbanization should be high on the agenda for China's ongoing economic structural reforms, according to experts who attended the 90th International Forum on China Reform in Haikou, Hainan province.
To capitalize on the RCEP, investment in ASEAN countries is crucial, said Hidenobu Ishibashi, principal economist at the Japan Center for Economic Research.
Although speculation is rife that China's largest cities may further lift restrictions on home purchases, industry experts say certain existing requirements for buying houses in China's top-tier cities may, in fact, be necessary.
The visa-free policy, a tangible move of China in advancing high-level opening-up, has injected new impetus into the exchanges between China and the world. In an exclusive interview with China News Network, Carsten B. Thøgersen, Danish sinologist and former Consul-General of Denmark in Shanghai, said that China's door is always wide open to welcome everyone to visit and have a dialogue.
Backed by combined policy support from central and local levels, Shanghai's real estate market has shown recovery signs, with industry experts expecting an across-the-board restoration in coming months.
Market confidence and transactions have been boosted after the central and local governments announced a string of supportive measures to stabilize the property market in recent months.
China's commitment to higher-level opening-up is strengthening fair competition in the global market, and its push to establish a high-standard socialist market economy is bringing much-needed stability and certainty amid the challenges facing the global economy.
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.
China's upcoming stimulus program may need to be one of greater intensity than the one initiated 10 years ago in order to revive the world's second-largest economy from a lingering downward spiral of insufficient aggregate demand, said an economist and national political adviser.
China will collaborate with other Global South countries at an upcoming conference to push for a new, ambitious climate financing goal from developed nations that can adequately support climate actions in developing countries.
The China-U.S. Financial Working Group held its sixth meeting in Washington in October and exchanged views on the economic situation and financial policies — a move experts said sends a signal of maintaining consistent bilateral financial cooperation amid elevated uncertainties.
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.
The increase marks the first positive growth in the new housing sector after 15 consecutive months of decline since June last year.In addition, the transaction volume for second-hand homes also grew by 8.9 percent year-on-year, extending its growth streak to seven months.
China's marine economy expanded steadily last year, with a gross output of 9.9 trillion yuan ($1.39 trillion), up 6 percent year-on-year, ThePaper reported on Thursday.
China has consistently supported and encouraged mutually beneficial economic and trade cooperation between the Chinese and European automotive industries, said the Ministry of Commerce on Thursday.
PBOC conducted the first operations of a new reverse repo tool and injected 500 billion yuan ($70.3 billion) into the banking system in October, boosting its policy toolkit while promoting internationalized interbank bond market development.
East China's Fujian province is moving to deepen financial cooperation with Taiwan province by introducing a string of measures to better facilitate two-way financial activity.
Rising sea levels and falling labor productivity would slash growth in the Asia-Pacific region, which needs an annual investment of at least $102 billion in the next five years for adaptation measures to help offset the huge economic losses brought by climate change.
Lin emphasized that the Chinese government welcomes foreign enterprises to invest and operate in China and is committed to protecting their legitimate rights and interests in accordance with the law.
The China-U.S. Financial Working Group held its sixth meeting in Washington D.C. on the sidelines of the Annual Meetings of the International Monetary Fund and the World Bank Group in October 2024.
China's ongoing progress in market openness, product innovation and business model transformation will secure its position as a strategic priority for multinational corporations, creating long-term financial returns.
China's manufacturing activity expanded last month for the first time in half a year.
China always supports and encourages the normal economic, trade and investment cooperation between China and the European Union (EU) for mutual benefit and win-win results in the automotive industry, according to the Ministry of Commerce (MOC).
China will implement a normalized adjustment mechanism to narrow the gap between the interest rates of existing mortgages and newly-issued mortgages starting Friday.
China's purchasing managers index for the manufacturing sector improved for the second consecutive month in October to a six-month high of 50.1, recovering back to the expansionary territory, the National Bureau of Statistics said on Thursday.
There are 90 percent of surveyed foreign firms which rate China's business environment as "satisfactory" or better, China Council for the Promotion of International Trade (CCPIT) announced in a press release on Thursday.
The purchasing managers' index (PMI) for China's manufacturing industry, which gauges activity in the sector, rose to 50.1 in October, marking a return to expansion territory from 49.8 in September.
The European Commission announced anti-subsidy tariffs on Chinese-made electric vehicles (EVs) for five years on Tuesday.
"You can feed a man with fish, and it will help the man survive for a day. But if you teach the man how to fish, it will go beyond the day.” During his recent visit to China, Kenneth Lee Tze Wui, head of the Department of Mass Communication at the Faculty of Creative Industries, Universiti Tunku Abdul Rahman (UTAR), shared his insights on how to learn from China in an exclusive interview with China News Network.
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