Vocational education has great significance for promoting employment and entrepreneurship, boosting economic and social development, and China actively pushes forward the high-quality development of vocational education, and supports exchanges and cooperation in vocational education with other countries, Chinese President Xi Jinping said in a congratulatory letter to the World Vocational and Technical Education Development Conference on Friday, the first such event of its kind, which is being held in North China's Tianjin Municipality.
China's yuan has retained its position as the fifth most active currency for global payments by value in July, signaling a stable internationalization pace; meanwhile, Russia has jumped to become the third-largest market using the yuan for global payments, a report from the global financial messaging firm Society for Worldwide Interbank Financial Telecommunication (SWIFT) showed on Friday.
Shanghai's foreign trade continued to maintain high growth in July, with a single month of trade volume hitting a record high, data revealed by Shanghai customs showed on Thursday, a strong pillar that injected momentum to foreign trade of the Yangtze River Delta after recovery from the COVID-19 epidemic.
China firmly opposes the US' CHIPS and Science Act, which comes with discriminatory clauses and seriously violates market laws and international economic and trade rules, the Chinese Ministry of Commerce (MOFCOM) said on Thursday, the latest Chinese official response to the US' ill-intended move.
South Korea topped the list with investment growth of 44.5 percent in the period, followed by 36.3 percent for the US, 26.9 percent for Japan, and 23.5 percent for Germany, MOFCOM spokesperson Shu Jueting said during an online press conference.
The British Government has blocked the takeover of British electronic design company Pulsic by Super Orange HK, a company from China's Hong Kong Special Administrative Region, UK media outlet the Telegraph reported on Thursday, in a fresh sign of growing hostility in the UK toward Chinese investment.
International Finance Corp (IFC), a World Bank affiliate, told Reuters on Wednesday it is backing a blockchain-enabled platform to trade carbon offsets, aiming to attract more support from institutional investors for climate-friendly projects in emerging markets.
China will support around 300 service platforms to help with the digital transformation of 4,000-6,000 small- and medium-sized enterprises till 2025, the country's industry and information technology ministry and finance ministry said.
Despite the persistent native impact of COVID-19, the China-Europe Railway Express posted strong growth momentum in its ninth year of operation, playing an increasingly important role in maintaining global industry and supply chain stability, China's top economic planner said.
A spokesperson for China's Foreign Ministry on Thursday slammed baseless and irresponsible claims of "Chinese debt trap" in Africa, providing a list of data to show the win-win nature of China-Africa cooperation and criticizing Western officials and media for seeking to drive a wedge between China and other developing nations by hyping a false claim.
China's Ministry of Science and Technology on Thursday issued technology-supported execution outline for carbon emissions reduction period 2022 to 2030, stating to cut 18 percent of GDP carbon dioxide emissions, and 13.5 percent of energy consumption per GDP unit by 2025 over levels in 2020 supported by technological methods.
The most important countries and regions in global semiconductor supply chains are not Chip4, but Chip5, as China should not be excluded, being a semiconductor manufacturing powerhouse, Chinese Ambassador to South Korea Xing Haiming said during an interview with South Korea's Channel A recently.
Chinese Vice Premier Han Zheng on Wednesday called for effective measures to ensure the security and supply of energy and electricity, as the country faces record demand of electricity amid high temperatures and dry weather.
China has dialed up a mobilization push for its regional economic powerhouses to play a central part in revving up the recovery of the world's second-largest economy, injecting optimism into the economic resilience despite a gloomy and increasingly uncertain outlook globally.
Chinese glass manufacturers are actively preparing the production of glass bottles to meet global demand especially in the field of pharmaceutics, as German glass bottle producers face the risk of production cuts and shutdowns due to Europe's rising energy crisis, again showing China's contribution to stabilizing global industrial chains.
Local authorities and traders in Yiwu, a major manufacturing export hub in East China's Zhejiang Province, have adopted various contingency measures to secure shipments and smooth trade, even as the city battles a severe round of COVID-19 outbreaks.
The Hong Kong Exchanges and Clearing Limited (HKEX) saw a double-digit fall in both revenues and profits in the first half of 2022, amid weakening global market sentiment, but Chinese mainland-related business remained a highlight, according to financial data revealed by the exchange on Wednesday.
The US government, following a year's meticulous planning, has crafted a new law to heavily subsidize America's private semiconductor manufacturers. Billed as the CHIPS and Science Act which US President Joe Biden signed a week ago, the law would provide a total of $52.7 billion for American semiconductor research, development, manufacturing and workforce development.
Low rainfall in southern China, including Sichuan, Yunnan and Guizhou provinces, is causing problems for local hydropower generators, and market watchers said that the drought may hurt power supplies in eastern China, but the impact will be seasonal and short-term.
Apple is in talks to make Apple Watches and MacBooks in Vietnam for the first time, marking a "further win for the Southeast Asian country as the US tech giant looks to diversify production away from China," Japanese media outlet Nikkei reported on Wednesday.
One year after tracklaying work was completed on the first China-Russia railway bridge across the Heilongjiang River, a source familiar with the construction progress told the Global Times that the bridge is expected to begin official operation as early as this month.
The Chinese mainland's holdings of US Treasury debt hit a fresh 12-year low in June, latest US official data showed, renewing contentions over what's behind the downtrend amid escalating tensions between the world's two biggest economies and an ailing US economy.
Huzhou in East China's Zhejiang Province on Tuesday said it would encourage state-owned enterprises (SOEs) to purchase apartments from struggling real estate developers to use as indemnificatory and resettled housing, according to a notice released by the local Bureau of Housing and Urban-Rural Development.
Chinese Premier Li Keqiang on Tuesday called on six provincial level economic powerhouses to take the lead to stabilize the economy, as a greater sense of urgency is needed to strengthen the foundations for recovery, after China's July economic data showed continued recovery but with minor fluctuations.
US President Joe Biden is about to sign another "massive" law entitled the Inflation Reduction Act of 2022 (IRA) on Tuesday, but the soon-to-be law, demonstrating Washington's desperate yet isolationist mentality, unsurprisingly has a more obvious intention of curbing China's influence in the new-energy sector, may ironically end up only inflaming its runaway inflation, further disrupt the global industrial chain, and deter achieving climate goals, analysts said.
International crude oil price continued to drop on Monday, with US' West Texas Intermediate oil futures slipping to $86.82 a barrel, its lowest level since early February just before the outbreak of Russia-Ukraine conflict. However, the Washington Post said "China's surprise rate cut, economic slowdown send oil prices plunging."
Officials from China's top economic planner, the National Development and Reform Commission (NDRC), on Tuesday vowed to further bolster investment in major infrastructure projects to help stabilize the economy amid lingering downward pressure.
Enterprises in major industries, including vehicles and photovoltaic products and electronics manufacturing, in Southwest China's Sichuan Province said on Tuesday that local industrial power cuts affected some of their operations, but the overall impact is limited.
Chinese tech firms are rushing to showcase their cutting-edge robotics technologies ahead of the World Robot Conference (WRC) 2022 that will kick off in Beijing on Thursday. Industry insiders and scholars have claimed that China's advantages of a complete hardware industry chain, advance development in areas such as big data and artificial intelligence (AI) as well as large quantities of capital will narrow down the gap with developed countries like Japan over coming years.
China attaches great importance to strengthening agricultural cooperation with Africa and will actively facilitate imports of farm products from African continent with a green channel, Chinese Foreign Ministry spokesperson Wang Wenbin told a regular press briefing on Tuesday.
Amid growing internal and external challenges and uncertainties, government leaders in China's Yangtze River Delta region are meeting in Shanghai on Tuesday and Wednesday to formulate and deploy new plans to propel high-quality integrated development of the region.
China will ramp up coal supply for power generation, as high temperatures and quickened pace of economic recovery have pushed national demand for electricity higher, an official from the National Development and Reform Commission(NDRC) said on Tuesday.
China is managing the implementation of 102 key projects which are making "smooth progress,” an official from China's top economic planner disclosed during a press conference on Tuesday, as the country boosts investment in the face of unexpected pressure from COVID19 and other external factors.
Elon Musk, co-founder and CEO of US electric vehicle (EV) company Tesla, on Monday celebrated the milestone output of the company's Shanghai Gigafactory on Twitter, posting "congrats Giga Shanghai on making millionth car! Total Tesla's made now over 3 [million]."
China's property market continued to face downward pressure in July as the growth of new home prices in first-tier cities slowed, and national real estate development investment saw a year-on-year decline, official data showed on Monday.
China released a set of main economic indicators for July on Monday, with industrial profits and retail sales maintaining growth but the growth rate slowing down from June, indicating continued recovery in the world's second-largest economy as well as lingering downward pressure from both global and domestic factors.
China's central bank on Monday lowered its one-year policy loan rate as well as the seven-day reverse repo rate both by 10 basis points (bps), a move that reflected the country's continued policy of supporting the real economy amid downward pressure.
The Bangladeshi finance minister's clarification of a false report published by the Financial Times demonstrates that the so-called "China debt trap" is a fabrication to disrupt and undermine mutually beneficial cooperation between China and other developing countries, said Wang Wenbin, Chinese Foreign Ministry spokesperson, on Monday.
China vows to maintain its yearly grain output of 650 billion kilograms this year, despite the impact caused by the extreme weather.
During hot summer, dozens of young people stepped onto their "land surfboards," and shuttled back and forth on squares across cities, a snapshot of some of the newly trending sports in China.
Southwest China's Sichuan Province notified a large number of industrial enterprises in the province to suspend production for six days to guarantee people's livelihood, as high temperatures overstretched local power grid.
China's unemployment has witnessed a consecutive decline for three months, official data showed on Monday, as China ramps up efforts to cut jobless linked to the COVID-19 epidemic.
China released its main economic indicators for July on Monday, maintaining growth momentum from June as the world's second-largest economy is on track for a strong economic recovery amid government stimulus, but a lower-than-expected expansion pace signals headwinds linked to global uncertainty and sporadic COVID-19 flare-ups.
As US President Joe Biden is set to host leaders of Pacific island countries at the White House in September, island nations will be watching how seriously his administration takes their calls for help to combat climate change, the South China Morning Post (SCMP) reported on Sunday, citing analysts.
China's fixed-asset investment went up 5.7 percent year on year in the first seven months of this year, data from the National Bureau of Statistics showed Monday.
Chinese authorities have been strengthening measures to bolster domestic demand, as the country's retail sales growth rate decelerated in July, mainly dragged down by catering consumption amid COVID-19 flare-ups.
Securities regulators of the Chinese mainland and Hong Kong Special Administrative Region (HKSAR) recently announced in-principal approval to enhance the trading calendar of Stock Connect, which will increase the number of trading days.
The US is mulling an 'ambitious' roadmap for trade negotiations with the island of Taiwan and would announce it in the coming days, the Biden administration's Asian affairs advisor said Friday as he claimed China 'overreacted' to US House of Representatives Speaker Nancy Pelosi's provocative visit to Taiwan.
China's nationwide box office in the summer film season from June 1 to August 31 has exceeded 7.6 billion yuan ($1.1 billion) as of press time, surpassing the 7.4 billion yuan mark in the same period last year, showing a positive recovery sign of the film industry previously battered by COVID-19.
The Philippines has resumed talks with China on railway development, local media reported on Sunday.
Hong Kong Special Administrative Region (SAR) Financial Secretary Paul Chan Mo-po called on local residents to work together to overcome adversity, after the SAR government launched a host of supportive measures including billion-dollar vouchers to deal with weak consumption brought by the geopolitical situation, global inflation and the pandemic, according to his latest statement on Sunday.
China Grain Reserves Corporation Group, also known as Sinograin, has recently moved to ramp up cotton purchases, in a bid to ensure stability in the domestic cotton market. The national stockpiler plans to purchase 6,000 tons of central reserve cotton on Monday, read a post on the WeChat official account of a cotton market tracker affiliated with the stockpiler.
As the COVID-19 epidemic has been largely brought under effective control, a number of local governments have sped up the construction of infrastructure projects, in a bid to expand effective investment to further stabilize the economy.
The emerging Metaverse industry is now generating a recruitment boom in China, with companies offering high salaries, scrambling for talent to gain an early foothold in this future virtual world, even as many in the tech sector are feeling the pinch from global economic uncertainties which have led to layoffs and hiring freezes.
After the breakout of the Russia-Ukraine conflict early this year, US-led Western governments imposed a raft of sweeping financial sanctions on Moscow including freezing its foreign exchange reserves. The thought the US may move to grab anybody's assets who refuses to obey Washington's dictates is truly unnerving, which is now inducing more countries to diversify their reserve assets away from US dollars.
A bicycle from luxury brand Hermes priced at 165,000 yuan ($24,470) has recently sold out in the Chinese mainland market which has sparked heated discussion on the consumption power of Chinese buyers.
By the end of July, a total of 3.47 trillion yuan ($514.4 billion) of new special-purpose bonds had been issued in China, with localities having almost completed full issuance, half a year earlier than last year, data from China's Ministry of Finance showed.
Financial regulators said they have paid 18.04 billion yuan ($2.68 billion) in advance to depositors who found they couldn't withdraw their money from local village banks in Central China's Henan Province and East China's Anhui Province since July 11.
Five Chinese state-owned giants on Friday separately announced plans to delist their American depository shares (ADS) from the New York Stock Exchange (NYSE), drawing widespread attention amid escalating China-US tensions and constant US crackdowns on Chinese companies, including a push to potentially delist hundreds of Chinese firms in what many call a "financial decoupling."
Several leading semiconductor companies in China, including the largest producer and major component suppliers, reported strong results in the first half of 2022, despite the US' relentless crackdown against China's chip industry.
Estonia and Latvia, trapped in the anxiety of geosecurity and under pressure from the US, have withdrawn from cooperation between China and Central and Eastern European Countries (China-CEEC Cooperation), which, Chinese analysts said, is a "shortsighted approach" and means they will lose their diplomatic independence and sacrifice their opportunities for development.
Chinese crop planters are worrying about rice output amid an ongoing drought and continuous high temperatures in southern China, but market watchers think the impact on overall grain production won't be too severe.
The timing of South Korea's announcement on Friday to pardon Samsung Electronics Vice Chairman Lee Jae-yong, which has sparked widespread backlash in South Korea, gained global attention and sparked speculations about the implications of the move amid the US' intensifying efforts to lure South Korean chip firms and form a so-called chip alliance.
As an emerging technology, automatic driving still has many shortcomings, yet car makers seem to gravitate toward over-hyping their products and services which lead to misuse of what is still a developing technology, an industrial analyst said on Friday after a fatal car accident involving Chinese electric car maker Xpeng Motors sparked widespread concern among netizens.
The China-built Mombasa-Nairobi Railway has become a key booster for Kenya's economic and social development and the improvement of its people's livelihood, a spokesperson for the Chinese Foreign Ministry said on Thursday, as the railway celebrates its fifth anniversary.
Sales of excavators, often considered a barometer of China's economy, jumped by 3.42 percent year-on-year in July, ending a 14-month decline, with domestic sales also improving significantly, as the world's second-largest economy is on the fast track of recovery with an accelerated pace of infrastructure construction and improving investment confidence.
China is by far the biggest and fastest growing market for many global high-tech giants. Its huge market advantage that has been repeatedly mentioned by high-tech enterprises is a factor that makes those companies reluctant to choose sides between the US and China. However, many may have overlooked another thing: China's scientific strength in major subjects and in some fields of new technology has approached or already reached the world's advanced level.
China's Foreign Ministry on Thursday reiterated a plan to use China's aid funds for Nepal to support the feasibility study for a cross-border railway linking China and the South Asian nation, injecting optimism into enhanced connectivity that'll give a big economic boost to the landlocked Himalayan country.
Chinese experts said the Biden administration's reported plan to connect the Taiwan question and US tariffs on Chinese goods is “ridiculous,” and delaying removing the punitive tariffs will continue to hurt the US economy. If the US keeps the tariffs on Chinese goods, it will only make its own problems such as inflation more difficult to solve, then the US will have to “swallow the bitter fruit,” said experts.
As Yiwu in East China's Zhejiang Province, often dubbed the world's supermarket or the world's small commodity capital, entered the first day of a three-day “static management” due to COVID-19, local businesses said that they have seen certain disruptions, but the impact remains limited so far.
Chinese authorities on Thursday suspended beef imports from a second US firm after a shipment was found to contain ractopamine, a feed additive banned in many countries including China.
Hainan Airlines confirmed on Thursday that it has received a penalty from the China Securities Regulatory Commission (CSRC), saying that it was fined a total of 3 million yuan ($445,117) due to violations of information disclosure rules, and 11 senior executives, including the former chairman, were punished.
China's automakers shipped 290,000 vehicles to overseas in July, making a new export record, growing 67 percent year-on-year, data from the China Association of Automobile Manufacturers (CAAM) showed on Thursday, noting that the industry has maintained a strong recovery since June.
Chinese experts said the Biden administration's reported plan to connect the Taiwan question and US tariffs on Chinese goods is “ridiculous”, and delaying removing the punitive tariffs will continue to hurt the US economy.
The rapid development of digital economy, artificial intelligence, big data and cloud computing has accelerated the digital transformation of many enterprises, which has in turn created a growing number of new jobs for young Chinese.
Air China will restart direct flights between Beijing and London from Thursday, according to the company's booking system, and it is the first carrier in China resuming services after an 18-month hiatus because of the pandemic.
Chinese foreign ministry and trade bodies raised objections soon after the Biden administration signed a long-brewing CHIPS Act which clearly aims at crippling China's semiconductor supply chains, saying that the move will seriously disrupt global companies' normal trade and investment activities, while bringing a negative impact to the stability of global chip industrial chains.
The People's Bank of China (PBC), the country's central bank, vowed on Wednesday to ramp up the implementation of prudent monetary policy and not to over-issue money, in a bid to balance economic growth and price stability while providing stronger support for the real economy.
As construction of large-scale wind and photovoltaic power bases accelerates across the country, China's new-energy sector is expected to have greater growth potential this year amid the government's ramped-up efforts to achieve "dual carbon" goals.
The Ministry of Finance (MOF) on Wednesday issued 5 billion yuan ($742.28 million) of treasury bonds in the Hong Kong Special Administrative Region (HKSAR), with institutional investors vying for the yuan-denominated instruments.
Chinese telecommunications industry leaders have called for increased research on 6G with independent capabilities and industrial chains based on notable achievements in 5G, as global competition for the next generation network technology heats up and geopolitical risks are on the rise.
The Democratic Progressive Party (DPP) authority on the island of Taiwan is attempting to sabotage Foxconn Technology Group's plan to invest $800 million in the Chinese mainland-based chipmaker Tsinghua Unigroup, Reuters reported on Wednesday. And, some DPP officials on the island reportedly even claimed they will definitely not let the deal go through.
Chinese experts on Wednesday blasted the US' constantly escalating crackdowns on Chinese high-tech companies, saying the US' trick of sanctioning firms is losing its marginal effect, after a Chinese wire and cable maker was reportedly accused by the US government of "violating US export controls."
A charter flight carrying 107 Indian businessmen arrived in Hangzhou, East China's Zhejiang Province, on Tuesday evening, marking the second charter flight for international buyers organized by Zhejiang in 2022, and the first business charter flight from India to China.
China's oil giant Sinopec discovered an oil field containing 1.7 billion tons of oil reserves during an exploration program in the Shunbei oil and gas field located in the Tarim Basin, Northwest China's Xinjiang region, according to media reports on Wednesday.
China's consumer price index (CPI) quickened to a two-year high of 2.7 percent year-on-year in July amid steady food price rises and seasonal factors. But China's inflation remains overall stable, in stark contrast to sky-high inflation in major economies around the world, including the US which saw an 8.5-percent rise in CPI in July.
Chinese retailer and variety store chain MINISO Group apologized on Tuesday after its Spainish Instagram account mistranslated Chinese Qipao into “Japanese Geisha” in a post promoting its mystery toy boxes, sparking a widespread backlash on Chinese social media, which continued even after the apology.
A number of Chinese trade organizations Wednesday blasted the US' so-called CHIPS Act which was recently approved by Congress, criticizing the law as both disrupting and restricting trade and investment cooperation among businesses.
China has successfully bred a new beef cattle variant "Huaxi" and owns the independent intellectual property, which will likely strengthen competitiveness of China's beef industry and the nation's food security, Xinhua News Agency reported on Wednesday.
China's Consumer Price Index (CPI) rises 2.7% in July, National Bureau of Statistics said
US President Joe Biden on Tuesday signed into law the so-called CHIPS and Science Act that aims to crack down on China's semiconductor supply chain, setting the stage for an intensified, politically charged battle in the complex global chip industry with profound implications.
Three executives at Sino IC Capital Co, which manages the National Integrated Circuit Industry Investment Fund, have been revealed to be subject to disciplinary and supervisory probes for suspected serious discipline and law violations, the Central Commission for Discipline Inspection (CCID), the top disciplinary agency of the Communist Party of China, said on Tuesday.
Many multinationals have chosen to withdraw from the Indian market or reduce their investment and production line footprint in the country. From the Ford Motor, General Motors, Harley-Davidson Co, which announced earlier that they would withdraw from the Indian market, to Citibank, Holcim and other companies that recently announced that they would reduce or adjust their investments, these multinationals have all shown disappointment with the Indian market.
An economic "decoupling" of the EU and Germany from China, the world's manufacturing powerhouse, would cost the German economy almost six times as much as Britain's exit from EU, or Brexit, Munich-based research group ifo Institute reported.
China's Foreign Ministry on Tuesday urged the Indian government to provide a fair and nondiscriminatory environment for Chinese firms, after reports of India mulling a ban on Chinese smartphone makers' sale of cheaper devices in India, a move Chinese experts say is politically charged and against market rules.
Amid an increasingly volatile and complex international environment as well as delisting risks in the US, Chinese listed companies have been turning to other markets such as Switzerland to raise funds while fending off the fallout caused by China-US geopolitical tensions.
Chinese officials and experts have blasted what they called an unjustified and morally irresponsible move by India in interfering in normal exchanges and cooperation between China and Sri Lanka, after the latter on Monday deferred a previously approved port call of a Chinese research vessel following India's objections.
Chinese private aerospace venture Galactic Energy Space Co successfully launched a Ceres-1 (Y3) carrier rocket from the Jiuquan Satellite Launch Center in Northwest China's Gansu Province on Tuesday, successfully placing three commercial satellites into a solar synchronous orbit 500 kilometers above the Earth.
China's NEV (new energy vehicle) exports reached 49,000 in July, with Tesla China exporting 19,756 NEVs, according to the data released by China Passenger Car Association (CPCA) on Tuesday.
Construction of a test track for China's first permanent magnetic levitation (maglev) air train known as "Xingguo" was completed in Xingguo county, East China's Jiangxi Province, according to media reports on Tuesday, marking another milestone in the rapid development of the advanced train system - also the first in the world.