RIGHT BG
Despite an economic slowdown in China, the Chinese market still provides great potential for foreign companies, and U.S. companies need to be in it to learn how to compete at Chinese speed, said American experts.
China remains resolute in advancing high-quality growth and high-level opening-up, delivering enhanced services for global companies, said China's Minister of Commerce Wang Wentao.
China's imports and exports expanded by 1.2 percent year-on-year in November, with exports recording first expansion in seven months, as more positive factors emerge for the country's foreign trade recovery.
Beijing has signed cooperation documents on the Belt and Road Initiative with all 22 Arab nations and the League of Arab States, after such a deal was reached between China and Jordan last week.
China is "confident and still more capable of" achieving long-term stable economic development with plenty of favorable drivers and increasing signs of upswing in recovery this year.
On Jan 21, 2016, the railway laid the foundation for commencing the project, and full construction started in June 2018. On Nov 16, 2022, it ushered in its successful trial operation.
Chinese economy remains on the trajectory of an upswing recovery, after overcoming difficulties as well as challenges during the past months, and it has a bright prospect for further development.
The Caixin services purchasing managers' index rose to 51.5 in November from October's 50.4, registering a three-month high.
Some provinces and municipalities in China are stepping up policy support for the consumption sector, with many giving out vouchers to boost sales of automobiles and home appliances.
The renewed commitment from China's central bank and seven departments to beef up credit support for the private sector will help sustain the momentum of economic recovery and further shore up the confidence of private businesses
Construction of the Pakistan-China Friendship Hospital and China-aided Gwadar Seawater Desalination Plant were completed on Monday.
China's services activity expanded at a quicker-than-expected pace in November, with the services purchasing managers' index (PMI) reaching the highest level in three months, according to a private survey on Tuesday, further underscoring China's continued economic rebound.
The forum issued the 2023 Imperial Springs Statement, which emphasized the role of multilateralism in resolving world issues.
The cutting of China's credit outlook by rating agency Moody's is unwarranted and flawed, as the move overlooks the solid growth potential of the world's second-largest economy and exaggerates the financial risks facing it.
China and Europe should expand cooperation in a wide range of fields, including new energy and green industry, as this will create new growth engines and bring about win-win outcomes, participants attending a forum said on Tuesday.
Real-time monitoring from the big data platform of China's State Post Bureau showed that a package sent at 6:26 p.m. on Monday from Kunming, capital of Yunnan Province, to Chengdu, capital of Sichuan Province, became the 120 billionth parcel delivered in 2023.
More measures will be introduced to safeguard stable operations of the Chinese capital market, the China Securities Regulatory Commission said.
Spot gold surged to a record, crossing $2,100 per ounce in early Asian trading on Monday, and experts predicted further fresh highs as the global rush for bullion may continue on growing expectations for US rate cuts early next year.
The People's Bank of China may seek to support the real economy by further reducing interest rate levels, making better use of outstanding loans to facilitate economic restructuring and easing local governments' debt stress.
The fifth Joint Commission on the China-South Korean free trade agreement (FTA) was held on Monday in Beijing, said China's Ministry of Commerce (MOFCOM).
The U.S. should stop treating China as an imaginary enemy and correct the wrong behavior of engaging in major power confrontation under the guise of competition.
China can adopt a more expansionary fiscal policy next year to underpin economic recovery amid multiple challenges including the downturn in the property market and stress from local government debts, experts said on Monday.
The 28th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) kicked off on Thursday in Dubai, the United Arab Emirates.
China and Jordan signed a Memorandum of Understanding (MoU) on jointly promoting the construction of the Belt and Road on Wednesday, according to a statement released by the Chinese Embassy in Jordan on Thursday.
China will implement optimized export controls on graphite products from Friday, and the measures do not target any specific country or region, the Ministry of Commerce said on Thursday.
Officials from the central authorities and the Hong Kong Special Administrative Region, along with representatives from the city's various sectors, strongly opposed the United States House Foreign Affairs Committee on Thursday for passing the Hong Kong Economic and Trade Office Certification Act.
The New Development Bank has approved a $50 million yuan-denominated loan to Bank of Huzhou, the lender said on Thursday, making it China's first nonsovereign loan approved by the multilateral bank.
A number of major Chinese commercial banks have voiced support in recent meetings for the reasonable financing needs of real estate enterprises, which is a positive signal for the further stabilization of the housing market.
China will implement temporary export controls on graphite products from Dec 1, and the measures do not target any specific country or region, the Ministry of Commerce said on Thursday.
Despite China's factory activity contracting in November, experts said that further policy stimulus will be effective in bolstering the Chinese economy amid signs of improving business sentiment and the property market bottoming out.
京公网安备 11010202009201号] [京ICP备05004340号-1]
