Urban Demand Fuels High-Quality Development in China’s Property Sector
Growing urban demand is propelling high-quality development in China’s property sector, fueling economic growth and transforming urban landscapes across the Chinese mainland.
Business
Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
Read More
PBOC Governor Pan Gongsheng Unveils Plans for China’s High-Quality Financial Development
China will accelerate improvements to its central bank system and promote high-quality financial development, according to PBOC Governor Pan Gongsheng in an exclusive interview.
Technological Innovation Drives Manufacturing Upgrades: LONGi VP Zhang Haimeng
LONGi Green Energy VP Zhang Haimeng emphasizes that technological innovation, not labor, should drive manufacturing upgrades, highlighting China’s leadership in photovoltaics and engineering technology.
China’s Steady July Boost: Industrial Output and Retail Sales Rise
China’s economy showed steady growth in July, with positive trends in industrial output, retail sales, investment, and foreign trade, according to data from the National Bureau of Statistics.
New Radioactive Water Leak Reported at Japan’s Fukushima Nuclear Plant
About 25 tonnes of radioactive water have leaked within the Fukushima Daiichi Nuclear Power Plant, sparking renewed safety concerns amid ongoing ocean discharge of treated contaminated water.
China’s Industrial Output Increases by 5.1% in July
China’s value-added industrial output expanded 5.1% year on year in July, official data showed Thursday, highlighting ongoing growth and resilience in the country’s industrial sector.
Brazil and China Mark 50 Years of Diplomatic Relations with Eye on Future Growth
Brazil and China celebrate 50 years of diplomatic relations, reflecting on significant developments and looking forward to even greater growth in the years ahead.
Chinese Businesses Strengthen Ties with Mexico, Boost Trade and Social Development
Chinese businesses are increasingly focusing on Mexico, leveraging the country’s significant market for cross-Pacific trade and contributing to social development by supporting organizations aiding the poor.
China and Africa Forge Closer Economic and Trade Bonds
China and African countries are strengthening economic and trade ties, with trade volumes reaching new highs and diversified commodities boosting mutual growth.
Xinjiang Launches Second TIR Assembly Center, Boosting Cross-Border Trade
Xinjiang Uygur Autonomous Region has launched its second TIR assembly center in Urumqi, enhancing cross-border trade and logistics efficiency in the region.
Moscow Exchange Halts Trading Unexpectedly
The Moscow Exchange suspended stock trading at 16:18 Moscow time on Wednesday, offering no immediate explanation. The exchange announced that the resumption time will be communicated later.
U.S. Inflation Eases to Smallest Annual Rise Since 2021
U.S. consumer inflation eased to 2.9% in July, the smallest annual rise since March 2021, offering positive signs for the Federal Reserve as it considers adjusting interest rates.
Rio Tinto Reports Fruitful Cooperation with China
Rio Tinto’s chief executive of Iron Ore, Simon Trott, announced that the company’s partnerships with China have yielded fruitful returns, emphasizing the importance of seizing cooperation opportunities.
Russia Extends Gasoline Export Ban Until End of 2024
Russia has extended its temporary ban on gasoline exports until the end of 2024 to maintain domestic market stability amid increased seasonal demand and refinery repairs.
China Continues to ‘Wring the Water’ Out of Financial Data
China’s July financial data remains stable, reflecting a shift towards high-quality economic development. Yuan-denominated loans increased by 13.53 trillion yuan, with experts noting an authentic portrayal of the economy.
Global Survey Reveals Overwhelming Opposition to EU’s Trade Measures on Chinese EVs
A CGTN global survey reveals that 87.5% of respondents criticize the EU’s trade protectionism against Chinese EVs, urging for cooperation over conflict to address global challenges.
China Anticipates Record-Breaking 700 Million Air Passengers in 2024
China anticipates a record-breaking 700 million air passenger trips in 2024, highlighting significant growth in its aviation sector.
Economists Voice Concern Over Proposed U.S. Tariffs Against China
U.S. economists and trade groups express concern over proposed tariffs against China, warning that additional trade barriers could harm American businesses and consumers amid ongoing inflation.
China’s Yuan Loans Surge by 13.53 Trillion Yuan in First Seven Months
China’s yuan-denominated loans surged by 13.53 trillion yuan in the first seven months of the year, signaling significant economic activity and monetary policy shifts amid global financial uncertainties.
Service Consumption Drives China’s Economic Growth in First Half of 2024
Service consumption has become a new engine for China’s economic growth in the first half of 2024, with the service industry’s contribution to GDP surpassing 50 percent and retail sales of services surging.