Trade between Chinese mainland, Macao quadruples in 2 decades, exceeds $44b
While traffic and logistics hurdles have weakened international trade and tourism, people in the Macao Special Administrative Region (SAR) may feel the opposite when it comes to greater connections with the Chinese mainland, even in hard times. Experts suggested the Macao SAR can take advantage of the mainland's booming market and consumption capacity to achieve sustainable growth.
Charm of two leaves turned into fortunes
A 94-year-old lady lives a diligent, simple and independent life, with two-thirds of her small yard used to grow tender vegetables. She has been drinking tea for about 80 years, seeing it as a factor in her longevity.
Chinese products rock the world amid global lockdowns as home appliance orders jump up to 100%
Fighting back against the coronavirus pandemic that severely disrupted businesses activities, Chinese products are rocking the world. Both the wholesalers at the world's "supermarket" Yiwu, East China's Zhejiang Province, and the producers of South China's Guangdong Province, where many manufacturing factories are located, have been busy responding to an unprecedented boom in international orders which came at a magnitude that many of them have never seen before.
Financial platforms in China should be strictly regulated: former minister of finance
Former finance minister Lou Jiwei said on Sunday that if a single digital financial platform takes up too big of a market share, it may eventually lead to a large number of bad loans.
China's economic growth to drive global recovery from COVID-19, say experts
China's Central Economic Work Conference held from Wednesday to Friday has set the course for China's economic development in 2021, heralding a continuous growth which will help the recovery of the pandemic-laden world economy, overseas experts have said.
China's middle-income population to rise to 800 million by 2035: MOFCOM
China's middle-income population will rise steadily and may reach 800 million in the next 15 years, said Qian Keming, vice minister of commerce of China, over the weekend, adding the country's 1.4 billion population, buoyed by a booming economy, will make them a significant consumption force in the world.
Chinese steel association urges new pricing mechanism for iron ore
Luo Tiejun, vice president of China Iron and Steel Association, called for a new pricing mechanism for iron ore, as the S&P Global Platts iron ore index increased significantly: $45.1 per ton compared with one month ago, accounting for a 63.6 percent increase.
China aims for more supply chain autonomy in 2021
Beijing has set the task of enhancing independence and autonomy of the industrial and supply chain and deal with the key areas and "stranglehold" problems in 2021, according to a key central government meeting that ended on Friday.
China vows to solve seeds, arable land issues: top meeting
China vows to solve seeds and arable land issues, and has put ensuring grain safety as one of the priorities in the Central Economic Work Conference which ended on Friday in Beijing.
China emphasizes rooting out economic risks on high-tech, industrial chains and food safety at key meeting
Top Chinese policymakers on Friday put heavy emphasis on addressing various internal challenges ranging from consumption, technology and financial security at a key meeting that outlines top policy priorities for 2021, signaling the world's second-largest economy is shifting reliance on the domestic economy as external risks continue to mount marked by the COVID-19 pandemic and trade tensions.
Ant Group among fintech firms to clean up online banking services as regulation tightens
Chinese financial technology (fintech) firms are scrambling to shut down certain online banking services that could potentially be targeted by tighter regulations as part of Chinese regulators' recent campaign to crack down on illegal activities in the online financial sector and address potential risks.
Multilateralism key to COVID-19 vaccine
As more inspiring clinical trial results of COVID-19 vaccines have been released recently, the world has high hopes for the advent of the key product, and achieving fair access to vaccines on a global scale is also imminent.
China commends 2020 victory, aims to tackle risks in 2021 at top economic meeting
Chinese top officials on Friday closed a tone-setting meeting for economic work for the coming year, where they commended historic achievements in the battle against the COVID-19 pandemic and set tackling lingering risks as a top priority for 2021, as the domestic economy recovery continues to face complex and severe challenges.
China vows 'necessary measures' against reported US blacklisting
China's Foreign Ministry on Friday criticized a reported move by the US government to add dozens of Chinese companies to a trade blacklist, calling the move, if true, yet another example of the US using its state power to crack down on Chinese firms; vowing to take "necessary measures" to protect Chinese businesses.
Top meeting in Beijing to focus on tackling major risks in 2021, as robust growth expected
Chinese top policymakers are expected to outline economic policy priorities and targets for 2021 at a highly-anticipated tone-setting meeting, which could pave the way for the most significant shift in China's economic development model in decades that puts more focus on boosting the domestic market and indigenous innovation to drive long-term growth, as external uncertainties and risks remain abundant.
China ramps up recycling of scrap steel amid soaring iron ore prices
China plans to use more scrap steel as a raw material in its steel plants, a move that analysts said will reduce reliance on iron ore imports from Australia, amid fraught bilateral ties, soaring ore prices, and in align with China's pursuit for carbon neutrality by 2060.
Cargill's major clients' supply not affected by COVID-19 chicken case
US food corporation Cargill's major clients in China, including fast-food chain McDonald's, said that their supplies have not been affected by a positive coronavirus case involving chicken, adding that they did not source products from batches where the locally produced chicken drumsticks tested positive for COVID-19.
HK companies eye mainland market amid global trade headwinds in the post-virus world
Hong Kong-based companies are increasingly looking at the Chinese mainland market amid global trade headwinds in the post-virus world, as China's policy to make the domestic market a mainstay in the coming years.