China Enhances Payment Services for Foreign Visitors
China’s central bank announces initiatives to simplify payment services for foreigners, with Alipay expanding options and banks facilitating overseas card use.
Business
Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
China’s Economy Surpasses Growth Targets, Achieves 5.2% GDP Increase in 2023
China’s economy grew by 5.2% in 2023, surpassing the government’s target and demonstrating resilience amid global pressures, according to the National Bureau of Statistics.
Hengqin Island Lifts Tariffs on Macao Imports, Boosting Regional Integration
China’s Hengqin island has lifted tariffs on most imports from Macao, boosting economic integration and diversifying Macao’s economy under the one country, two systems framework.
China’s Manufacturing Activity Edges Down in February, PMI at 49.1
China’s manufacturing PMI fell to 49.1 in February from 49.2 in January, indicating a slight contraction in the sector. Analysts remain cautiously optimistic about future growth amid government support.
Morocco’s Ambassador to China Highlights BRI’s Role in Boosting Global Connectivity
Morocco’s ambassador to China, Abdelkader El Ansari, highlights the Belt and Road Initiative’s potential to enhance connectivity and offer development opportunities for China, Morocco, and global partners.
Mercedes-Benz CEO on Rising Chinese EV Brands: ‘We Take All Competitors Seriously’
Mercedes-Benz CEO Ola Källenius addresses the rise of Chinese EV brands, emphasizing that the company takes all competitors seriously amid a global shift toward electric vehicles.
Epredia Sees ‘Huge Opportunity’ in China’s Booming Healthcare Market
Steven Lynum, President of Epredia, sees a ‘huge opportunity’ in China’s healthcare market, projected to grow 7% in 2024, highlighting significant potential for global healthcare companies.
China Boosts Support for Migrant Workers Returning to Work After Spring Festival
Authorities across the Chinese mainland are intensifying efforts to help migrant workers return to work or find new jobs after the Spring Festival, with initiatives like job fairs and transportation support.
China’s New Property Financing Support Promotes Healthy Development
China introduces new property financing support measures to promote healthy development and restore confidence in the real estate sector.
China’s GDP Grows by 5.2% in 2023, Signaling Economic Recovery
China’s GDP grew by 5.2% in 2023, surpassing government targets and signaling robust economic recovery, according to the National Bureau of Statistics.
China Invests 3.9 Trillion Yuan to Modernize Transport Infrastructure in 2023
China enhances its transport network with a 3.9 trillion yuan investment in 2023, opening new high-speed railways, expanding expressways, and advancing smart and green transportation technologies.
China’s Quest for Seed Security: Boosting Soybean Self-Sufficiency
China intensifies efforts to achieve soybean self-sufficiency as researchers focus on accelerating seed breeding to enhance national agricultural security.
China’s Vice Commerce Minister Meets U.S. Chamber of Commerce Delegation in Beijing
Chinese Vice Commerce Minister Wang Shouwen met with a delegation from the U.S. Chamber of Commerce in Beijing, signaling ongoing efforts to strengthen economic ties between China and the United States.
A Decade of Transformation: Beijing-Tianjin-Hebei Region’s Integrated Development
Ten years into the national integration strategy, the Beijing-Tianjin-Hebei region demonstrates significant progress in regional development, infrastructure growth, and economic expansion.
China’s Global Efforts: Bringing Prosperity and Stability to Tajikistan
China’s collaboration with Tajikistan on the Dushanbe No. 2 thermal power plant exemplifies its commitment to global prosperity and stability, restoring central heating and boosting the local economy.
Pingdu: The Chinese County Supplying 70% of World’s False Eyelashes
Pingdu, a small county in China’s Shandong Province, produces nearly 70% of the world’s false eyelashes, meeting global beauty demands through innovative manufacturing and cross-border e-commerce.
China’s Green Rural Revival Program Spurs Nationwide Rural Revitalization
China’s Green Rural Revival Program, originating from Zhejiang Province, serves as a model for nationwide rural revitalization, emphasizing village beautification, agricultural modernization, and social governance innovation.
China Pledges Enhanced Services for Foreign Investors, Says Vice Premier He Lifeng
China pledges to enhance services for foreign investors, Vice Premier He Lifeng announced during a meeting with RGE Group’s chairman. The move underscores China’s commitment to fostering a favorable business environment.
Chinese Commerce Minister Wang Wentao Meets U.S. Trade Representative at WTO Conference
China’s Commerce Minister Wang Wentao and U.S. Trade Representative Katherine Tai met at the WTO’s 13th Ministerial Conference to discuss trade issues and China’s concerns over tariffs and Taiwan-related matters.
China Advocates for Open World Economy at WTO Ministerial Conference
At the WTO Ministerial Conference in Abu Dhabi, China’s Commerce Minister Wang Wentao emphasized China’s commitment to building an open world economy.