The Political Bureau of the Communist Party of China (CPC) Central Committee, on the afternoon of Sept. 27, convened its eighth group study session on the rules of the World Trade Organization (WTO) and the reform of the organization.
Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, Chinese president and chairman of the Central Military Commission, has recently delivered instructions on advancing the development of pilot free trade zones (FTZs).
Cainiao Smart Logistics Network Ltd, a unit of Chinese tech heavyweight Alibaba Group Holding Ltd, has officially filed its application for an initial public offering on the Hong Kong bourse, as the company steps up efforts to build logistics networks across the globe and boost its delivery efficiency.
The People's Bank of China, the nation's central bank, assured the market on Wednesday that it will continue to beef up support for economic recovery instead of paring down stimulus amid the recent uptick in recovery momentum.
Xi Jinping, general secretary of the Communist Party of China Central Committee, underlined on Wednesday Beijing's commitment to actively and comprehensively participate in the reform of the World Trade Organization and in making adjustments to international economic and trade rules.
China will introduce a series of pioneering integrated reforms at its pilot free trade zones to improve areas like trade, investment, finance and cross-border data flows, government officials said on Wednesday.
China firmly opposed the United States Department of Commerce's decision to place certain Chinese entities on its Entity List as subject to export control, alleging their connection with the military, Iran or Russia.
Stricter rules on large shareholders selling shares took effect across the A-share market on Tuesday, as part of the country's intensified efforts to protect the legitimate rights of small investors and boost their confidence.
The People's Bank of China, the country's central bank, has vowed to continuously support the real economy and strengthen policy adjustments as the country's economic recovery is improving, despite still facing a harsher external environment.
China expressed serious concern and strong dissatisfaction towards the European Union's move to launch an anti-subsidy investigation into Chinese electric vehicle makers.
China's economy is expected to steadily recover in the fourth quarter and further pick up in 2024, and will be far from nearing a so-called state of deflation.
China firmly opposes the U.S. Department of Treasury's sanctions on certain Chinese firms and individuals imposed on unfounded grounds of having links to Iran's drone and military aircraft development, the Ministry of Commerce said in Beijing on Tuesday.
President Xi Jinping has called for efforts to build higher-level pilot free trade zones with an emphasis on institutional innovation to further promote institutional opening-up on par with advanced international standards and rules.
China's industrial profits increased in August for the first time in a year, signaling the economy continues to be on the recovery path amid a raft of supportive policy measures.
China's tourism market will speed up recovery with consumption potential expected to increase further during the upcoming holidays, China Securities Journal reported on Tuesday.
The ongoing Hangzhou Asian Games and the upcoming eight-day Mid-Autumn Festival and National Day holiday period will fire China's consumer market, as well as the tourism market is expected to reach a peak, the cnr.cn reported on Monday.
China firmly opposed the U.S. sanctions on Chinese entities and individuals for alleged involvement in the development of Iranian drones and military aircraft, the Ministry of Commerce said on Tuesday.
China Reform Holdings Corp Ltd, a central State-owned enterprise specializing in promoting SOE reform, will establish a fund to support the development of emerging industries, with a target size of over 100 billion yuan ($13.7 billion).
“So I think that the initiative that China has taken in terms of building that infrastructure, and it takes a while, will be a game changer in terms of assisting to bridge the gap between the two continents (Asia and Africa),” Dr. Farhana Paruk, head of Client Engagement at Gordan Institute of Business Science (GIBS) at the University of Pretoria and a former fellow at the Weatherhead Center for International Affairs at Harvard University, spoke positively on the outlook of the Belt and Road Initiative in South Africa and the wider African continent during an exclusive interview recently with China News Network.
Chinese cities started implementing lower mortgage rates for first-time homebuyers on Monday.
China has upgraded its digital renminbi payment services as part of the country's efforts to improve the profile of its digital currency and make the payment process more user-friendly for foreigners.
China's A-share market may have bottomed out already, so a marked recovery in the fourth quarter of the year might ensue, given the improving economic momentum and investor sentiment.
China and the European Union have agreed to work against decoupling and put in place an export control dialogue mechanism, as part of efforts to safeguard resilient and stable industrial and supply chains.
Premier Li Qiang called on Monday for China and Nepal to strengthen high-quality cooperation on joint building of the Belt and Road, with an emphasis on mutual connectivity, to take bilateral relations to a higher level.
Companies from China and Arab states reached cooperation projects worth more than 170 billion yuan ($23.2 billion) during the four-day China-Arab States Expo, which ended on Sunday.
China's emphasis on advancing new industrialization is expected to provide a solid foundation for high-quality economic growth, improve the resilience and safety of its industrial and supply chains, and boost the country's core competitiveness globally.
High-tech hub Shenzhen is set to play a key role in the future of Saudi Arabia as the Gulf nation seeks to reduce its dependence on oil and transition into a more sustainable economy.
The latest adjustments to the home-purchasing restrictions policy and value-added tax exemption period in Guangzhou, Guangdong province, will better support local people in addressing housing issues through market-oriented methods and promote the recovery and development of the residential property market, local authorities and industry insiders said. According to a notice issued by the local government on Wednesday evening, residents with local household registrations, or hukou, in the city's districts of Yuexiu, Haizhu, Liwan, Tianhe, Nansha and some areas in Baiyun district, can only purchase a maximum of two residential properties. Non-locals who can provide proof of having paid individual income taxes or social insurance continuously for the past two years in Guangzhou are limited to buying just one residential property. According to the previous policy, families without local hukou were required to have continuously paid personal income taxes or social insurance for five years. The policy adjustment to purchasing restrictions is conducive to unleashing housing demand among locals, said the Guangzhou Municipal Housing and Urban-Rural Development Bureau. The adjustment mainly targets peripheral areas of the city, with the central urban area still implementing stricter purchasing restrictions. The suburban districts of Huangpu, Panyu and Huadu are not included in the adjustment to property purchase restrictions, according to the notice. "The peripheral areas of the city have a large supply and a relatively longer destocking cycle. Easing purchase restrictions is beneficial to enhance transaction activity in peripheral areas and further stabilize market operations," said Li Yujia, chief researcher of the housing policy research center at the Guangdong Urban and Rural Planning and Design Institute. In a move to invigorate the pre-owned property market, the VAT exemption period for sales of residential properties in the city's Yuexiu, Haizhu, Liwan, Tianhe, Huangpu, Panyu, Nansha and Zengcheng districts has also been adjusted from five years to two. "The adjustment of the VAT exemption period is beneficial to reducing transaction costs in the secondhand housing market and promoting accelerated recovery and development of the existing housing market," said Li. After the policy was announced, there were over 700 additional secondhand housing listings across the city on a single day — Thursday — according to data from Beike, a real estate service agent focusing on sales of used properties. "The VAT adjustment policy will help promote the circulation of commercial housing, thus meeting demand of new residents, young people and migrants settling in the city," Li added. The property market in Guangzhou, which has been rapidly declining since early this year, will gradually stabilize in the remaining months of the year, Li said. According to statistics from the local housing authority, the market for new homes in Guangzhou has been declining for five consecutive months, reaching a new low in absolute transaction levels since November last year.
Russian President Vladimir Putin spoke highly of the Belt and Road Initiative and praised President Xi Jinping's "strategic judgment" of the world situation, in his latest meeting with senior Chinese diplomat Wang Yi.
Premier Li Qiang stressed on Thursday the importance of specialized, high-end and innovation-driven enterprises in securing China's high-quality economic growth, and urged them to play a greater role in stabilizing industrial and supply chains.