Business

'China's robust economy to attract more foreign investment, talents'

China's robust economy will attract greater foreign investment inflows and foreign talents into China, Dan Wang, Chief Economist at Heng Seng Bank (China) has said."China's main attraction for foreign investment is its strong economic performance," Wang wrote in a recent opinion pi...

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China to boost quality development of foreign trade

The State Council has approved the implementation of a plan for high-quality development of foreign trade during the 14th Five-Year Plan period (2021-2025), the Ministry of Commerce (MOC) said.The plan, to be implemented by the MOC and other departments, put forward the guiding concepts, basic princ...

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Opportunities in China still appealing

he international business community continues its interest in opportunities in China, as the Asian country is committed to expanding opening-up and fostering a business environment that is market-orientated, law-based and up to international standards.Despite the COVID-19 pandemic and the disinforma...

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World Manufacturing Convention kicks off in China's Anhui

The fourth World Manufacturing Convention kicked off Friday in Hefei, capital of east China's Anhui Province.The four-day event, themed "innovation-driven, digitally empowered: global manufacturing industry aligned for high-quality growth," aims to promote high-quality manufacturing an...

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BRI enhances innovation, sustainability, bolsters global recovery

The Belt and Road Initiative (BRI) has evolved into a beacon of economic growth for participating countries with more emphasis on innovation and sustainability, injecting much-needed impetus into global recovery.In the eyes of Han Wenxiu, a senior official with the Central Committee for Financial an...

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China to see double-digit growth in FDI in 2021

China's vast market has become increasingly attractive to foreign investors, and their expectations and confidence about the country remain stable, an official with the Ministry of Commerce (MOC) said Thursday."China's economy has recovered steadily, and it is still enjoying comprehensi...

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Deals worth over $1b inked in China-LAC business summit

Deals worth nearly 1.1 billion U.S. dollars were signed during the 14th China-Latin America and the Caribbean (LAC) Business Summit held in southwest China's Chongqing Municipality.The two-day summit that concluded Wednesday saw the inking of 18 cooperation agreements including eight deals betwe...

Business

China’s FDI inflow up 17.8 pc in first 10 months

Foreign direct investment (FDI) into the Chinese mainland, in actual use, rose 17.8 percent year on year to 943.15 billion yuan, or 142.01 billion U.S. dollars, in the first 10 months of the year, the Ministry of Commerce said Monday.During the Jan.-Oct. period, FDI into the service sector increased...

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China’s employment stable, policy supports continue

­China has created 11.33 million new jobs in its urban areas during the first 10 months of this year, achieving the target for the whole year in advance.From January to October, the country's surveyed urban unemployment rate averaged 5.1 percent, said Fu Linghui, spokesperson for the Nationa...

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Foreign trade of China’s Henan on the upswing

Central China's Henan Province reported robust foreign trade growth in the first 10 months of 2021, according to local customs.Henan's total imports and exports hit 624.16 billion yuan (about 97.42 billion U.S. dollars) during the January-October period, up by 35.4 percent year on year, data...

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India’s top court suggests 2-day lockdown

India’s top court on Saturday suggested the federal government and the local government in New Delhi may consider imposing a lockdown of two days in the national capital in view of the high pollution levels.The court's observations came while hearing a case on pollution in the capital city...

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Regional economic integration boosts opening-up in finance

Regional economic integration will help boost the opening-up of finance and create more space for the development of financial institutions, according to participants at a sub-forum during the ongoing China International Import Expo (CIIE) in Shanghai.Wang Bingnan, China's vice minister of comme...

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Foreign firms urged to give credit to China's increased openness

Foreign firms that criticize China should take into account its increased openness in recent years, a Finnish scholar has said.Carl Fey, a professor of international business at Aalto University in Helsinki, told Xinhua on Thursday that the ongoing Fourth China International Import Expo (CIIE) repre...

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APEC leaders, ministers, officials convene to push for inclusive, sustainable recovery

The 2021 APEC (the Asia-Pacific Economic Cooperation) Economic Leaders' Week, hosted by New Zealand and chaired by Prime Minister Jacinda Ardern, has commenced.Under the theme "Join, Work, Grow. Together," leaders, ministers and senior officials from APEC's 21 member economies will...

Business

China to strengthen IPR support in new fields, business forms

China will inject more efforts in the intellectual property rights (IPR) sector to better serve the growth of new fields and new business forms during the 14th Five-Year Plan period (2021-2025), said the IPR authorities.The National Intellectual Property Administration (NIPA) will carry out in-depth...

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G20 int’l corporate taxation raises concerns for developing nations

Finance ministers from the Group of 20 (G20) major economies endorsed on Sunday an agreement to revamp international corporate taxation, raising concerns of developing countries.The approval by G20 world leaders came after the Paris-based Organization for Economic Cooperation and Development (OECD) ...

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Digital economy powers China-ASEAN trade

Indonesia's coffee, Thailand's latex pillow, and other products from over 1,500 global companies have attracted swarms of visitors to the online China-ASEAN Expo running uninterrupted.The online expo was launched last year, and to date, its website has recorded over 22.7 million visits."...

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Int'l firms eye opportunities in China’s consumption market

From introducing imported products to China in the early years, adjusting the product formulation to meet Chinese consumers' needs, to the current export of goods made in Chinese factories, P&G's change has witnessed the development of China's consumption market.The potential of Chin...

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Chinese RMG industry sees higher profit in Jan-Aug period

China's garment industry reported higher revenue and profit in the first eight months of 2021, official data showed.From January to August, the combined operating revenue of 12,520 major garment companies reached 905.6 billion yuan (about 141.43 billion U.S. dollars), up 9.6 percent year on year...

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MOU signed to boost fintech regulation in Greater Bay Area

The People's Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) jointly announced on Thursday that they have signed the Memorandum of Understanding (MOU) on Fintech Innovation Supervisory Cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).By signing the MOU, they h...