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Chinese and South African enterprises signed six cooperative agreements, covering key areas such as clean energy, manufacturing, and technology, during the 2024 South Africa-China Presidential Business Forum held on Wednesday in Beijing.
In the first half of this year, trade volume between east China’s Zhejiang Province and Africa totaled $27.88 billion, a three percent increase year-on-year. Among this, imports from Africa registered $5.55 billion, up 12.9 percent year-on-year, said a local official at the 2024 Summit of the Forum on China-Africa Cooperation in Beijing.
Financial infrastructure in China should be further improved to facilitate the use of the renminbi in trade in services as certain services are playing a bigger role in China's overall foreign trade, experts said on Tuesday.
Nearly 800 Chinese and African business leaders will convene in Beijing on Friday to explore innovative pathways for enhancing China-Africa industrial cooperation, China's top foreign trade and investment promotion agency said on Tuesday.
Visitors take a closer look at Nio's electric car model, EP9, at the 27th Chengdu Motor Show on Sept 1, 2024.Nearly 130 Chinese and foreign car companies made an appearance during the motor show, with more than 1,600 vehicles on display.
China's State Council has unveiled a set of guidelines to promote high-quality development of trade in services with high-standard opening up.
China's manufacturing data put up a mixed performance in August, thus increasing the necessity of launching additional macroeconomic policy support measures to ensure the achievement of the country's annual growth target, economists and analysts said.
Chinese prosecutors have also increased efforts to take steps against people who disturb the order of the market and interfere with the development of the private sector.
The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024.
Experts from Hong Kong and Macao said the central government's new directive to transform the two special administrative regions into international hubs for top-tier talent will fulfill local demand for talent while propelling the country's high-quality development.
In the first seven months, insurance companies paid out a total of 1.39 trillion yuan in claims and benefits, up 30.2 percent year-on-year, official data showed.Among these losses, insurance payouts accounted for some $60 billion, representing roughly 50 percent of total economic damages, he said.
The 2024 China International Fair for Trade in Services, or CIFTIS, to be held in Beijing from Sept 12 to 16, will feature higher-standard opening-up, improving quality and innovative driving force, the fair's organizers said.
China's big three State-owned oil companies reported significant increases in their net profits during the first half of the year, with analysts saying that the uptick was supported by stronger international crude prices and rising output.
Alibaba completes antitrust compliance overhaul
Positive dialogue and interaction is seen as necessary between the U.S. and China on finance, trade and economics, instead of resorting to tariffs, said one observer.
Senior officials from China and the United States will hold the second round of the deputy minister-level meeting of the China-U.S. commerce and trade working group in Tianjin on Sept 7 to exchange views about economic and trade policy concerns.
Grain enterprises across China's major agricultural provinces have purchased more than 60 million tons of summer grain now.
China will take further steps including deepening partnership in emerging fields, such as green development and the digital economy, to promote high-quality Belt and Road cooperation with African countries in the coming years.
China's new round of vehicle trade-in program, initiated recently, is part of the country's efforts to further catalyze the consumption of big-ticket items and boost economic growth in the second half, according to officials and experts.
Chinese policymakers should strengthen monitoring of capital flows and prepare contingency plans against any potential sharp renminbi appreciation, analysts said.
China's inbound investment flow remained relatively high in the past decade, said a report released on Wednesday.
Over recent months, a seemingly surprising trend has emerged on the global financial landscape — foreign investors are flocking to Chinese renminbi bonds, even as U.S. bonds boast higher yields.
Driven by China's rapid growth, demand for sustainable solutions and role as an innovation hub, China is not just a market for the company, but a global strategic cornerstone, said a senior executive of Trane Technologies.
Global experts and leaders called for higher utilization rates under the Regional Comprehensive Economic Partnership, or RCEP, and making collective efforts to unleash the full potential of the framework for economic prosperity for all.
China is expected to make more efforts to optimize the fiscal relationship between the central and local governments, thereby strengthening fiscal sustainability while ensuring macroeconomic adjustment capability.
A renminbi-denominated bond that will fund sustainability-linked, green and social activities, has been listed in Frankfurt Stock Exchange, Germany, marking the latest step in boosting the global presence of the Chinese currency.
China will take all necessary measures to defend the legitimate rights and interests of its companies, said the Ministry of Commerce on Tuesday.
China's industrial profits rose in July at their fastest pace in five months, propelled by stable industrial production and robust new growth drivers, official data showed on Tuesday.
Chinese authorities issued a notice on a duty-free policy adjustment on Tuesday, under which a dozen downtown duty-free shops in first- and second-tier cities.
The green economy is a cornerstone of Africa's future development, and collaboration between China and Africa in this sector will play a crucial role in facilitating Africa's green transition, experts said.
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