China’s northernmost province sees robust trade growth in Jan-Feb on March 26, 2023Heilongjiang, China’s northernmost province, saw its foreign trade in goods grow by 30.7 percent year on year to 48.38 billion yuan (about 7 billion U.S. dollars) in first two months of this year, customs data showed. From January to February, Heilongjiang’s imports saw a 27.3-percent increase to 39.07 billion yuan, while its exports grew by […]
Oil prices fall amid renewed banking fears on March 26, 2023Oil prices decreased on Friday, but managed to notch a gain for the week. The West Texas Intermediate (WTI) for May delivery dropped 70 cents, or 1 percent, to settle at 69.26 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery lost 92 cents, or 1.21 percent, to close […]
China’s cotton industry to advance high-quality development on March 25, 2023China’s cotton industry will continue to improve supply quality to stimulate market demand and promote high-quality development, said the All China Federation of Supply and Marketing Cooperatives on Thursday. China is the world’s largest producer, importer, and consumer of cotton, as well as the largest exporter of textile and garment products, said Hou Shunli, deputy […]
China development forum 2023 to take place offline in Beijing on March 21, 2023The China Development Forum (CDF) 2023 will take place offline at the Diaoyutai State Guesthouse in Beijing from March 25 to March 27. Themed “Economic Recovery: Opportunities and Cooperation,” this year’s CDF will focus on opportunities in the Chinese market, stabilization of global industrial chains, and the green transition, said Zhang Laiming, deputy director of […]
Xinjiang foreign trade up 86% in first two months on March 18, 2023The foreign trade volume of northwest China’s Xinjiang Uygur Autonomous Region soared 86.4 per cent year on year to 44.4 billion yuan (about 6.4 billion U.S. dollars) in the first two months of this year. According to Urumqi customs, the region saw exports reach 38.15 billion yuan in the period, up 91.6 per cent year […]
China’s central SOEs boost corporate compliance management on March 16, 2023China’s centrally administrated state-owned enterprises (SOEs) have been improving corporate compliance management to gain an edge in global market competition.Nearly 70 percent of the central SOEs, or 68 of the total 98, have chief compliance officers to oversee and maintain compliance within their groups. A total of 631 major subsidiaries of the central SOEs also […]
Xi Jinping unanimously elected Chinese president, CMC chief on March 11, 2023Xi Jinping was unanimously elected Chinese president on Friday at the ongoing session of China’s national legislature, leading the country of 1.4 billion people onto a new journey toward modernization. He was also elected chairman of the Central Military Commission (CMC) of the People’s Republic of China (PRC) by a unanimous vote. A total of […]
China targets faster growth amid push for recovery, modernisation on March 6, 2023China aims to achieve a faster economic growth of around 5 percent with better quality of development in 2023, as the world’s second-largest economy gathers pace to build up recovery momentum and push ahead with its modernization drive. The projected target, higher than the 3-percent growth recorded in the country’s gross domestic product (GDP) last […]
China’s 2023 defense budget to rise by 7.2% on March 6, 2023China’s annual defense budget will remain single-digit growth for the eighth year in a row, with an increase of 7.2 percent in 2023, according to a draft budget on Sunday. The world’s second largest economy’s planned defense spending will be 1.5537 trillion yuan (about 224.79 billion U.S. dollars) this year, read the report on the […]
Chinese companies crucial to mobile industry’s ecosystem on March 5, 2023Chinese companies are crucial to the ecosystem of the entire mobile industry, experts from GSMA, an industry group representing the world’s biggest mobile phone operators, told Xinhua in recent interviews. During the Mobile World Congress (MWC) 2023 in Barcelona, some media questioned whether Chinese companies such as Huawei and ZTE were eligible to participate following […]