The Ministry of Finance will moderately step up proactive fiscal policy adjustments this year while improving fiscal governance efficiency and effectiveness in order to expand domestic demand and boost economic recovery momentum, Wang Dongwei, vice-minister of finance.
Shanghai will continue making efforts in key areas, including better facilitating international trade and foreign business in the city, deepening the high-level opening-up of the free trade zone, accelerating the development of the pilot zone for Silk Road e-commerce cooperation.
As of Wednesday, 31 provincial-level regions in China had announced GDP growth targets of about or above 5 percent for 2024, as stronger momentum is expected to be unleashed in the new year.
China and Japan stand as important economic and trade partners for each other and both sides should maintain stable and smooth industrial and supply chains, and promote the healthy and stable development of economic and trade relations.
China will continue to be attractive for companies from the United States, thanks to its massive consumer market and well-established supply chain networks that are hard to replicate, business leaders and analysts said on Thursday.
China hopes that WTO members can abide by WTO rules in trade remedy investigations and not use trade remedy measures as trade protection tools, the Ministry of Commerce said on Thursday.
The China Tourism Academy estimates that the number of outbound visits exceeded 87 million in 2023, a twofold increase compared with the previous year. The figure is more than half of that in 2019, before the COVID-19 pandemic hit the world.
Hong Kong's economy rebounded in 2023, with its gross domestic product, or GDP, increasing by 3.2 percent in real terms over 2022, government data showed on Wednesday.
The Hong Kong Monetary Authority (HKMA) on Wednesday said the city's banking system does not have high exposure to the debt-ridden developer China Evergrande, but noted the current challenging credit risk environment.
The value of China's trade in services grew by 10 percent year-on-year to 6.57 trillion yuan ($915.29 billion) in 2023, data from the Ministry of Commerce showed on Thursday.
An economist in the United States has expressed concern that the country will restrict trade with China in goods unrelated to national security, such as electric vehicles and batteries.
China's fiscal revenue rose 6.4 percent year-on-year to over 21 trillion yuan ($2.92 trillion) in 2023, while fiscal expenditure grew by 5.4 percent on a yearly basis to 27.46 trillion yuan.
Jilin province is expected to see stable growth in foreign trade this year, driven by deepening business ties between China and Russia, surging trade volume facilitated by cross-border e-commerce, and the nation's thriving automobile industry
China has found no new cases of concentration of business operators by platform companies since the implementation of the new Antimonopoly Law in August last year.
Several cities have rolled out the first lists of real estate projects eligible for financing in an effort to better support the nation's real estate development programs, China Construction News reported on Wednesday.
China will likely see a faster economic recovery this year amid robust government measures to tackle challenges including insufficient domestic demand and the troubled real estate sector, with a run of indicators suggesting the stabilization of the world's second-largest economy
The per capita Chinese families' tourism expenditure increased by 1,189 yuan ($167) in 2023 compared to 2020, showing a steady bounce back,according toareport on China's tourism sector prospects in 2023-2024.
Financial Secretary Paul Chan Mo-po on Tuesday offered his reassurance on Hong Kong's financial strength and the Chinese mainland's economy to combat negative narratives, as growing bearish sentiment is driving global investors to vote with their feet.
China's January factory activity improved marginally but still indicated contraction for a fourth consecutive month, while non-manufacturing activities expanded at a faster pace, an official survey showed on Wednesday.
China's top financial regulator said on Tuesday that it will push forward reforms of small and medium-sized financial institutions to reduce risks, as part of efforts to resolutely guard against systemic financial risks in 2024.
China's comprehensive purchasing managers' index (PMI) came in at 50.9 in January, up from 50.3 in the previous month, indicating an overall stabilization in manufacturing and service activities.
Shenzhen in Guangdong province saw its GDP grow by 6 percent last year to a new high of 3.46 trillion yuan ($482 billion), according to the city government's annual work report delivered on Tuesday.
The State-owned Assets Supervision and Administration Commission of the State Council said it will comprehensively promote the inclusion of market value management in the performance appraisal system for the executives at listed SOEs.
Chinese authorities have reiterated that the development of future-oriented industries like artificial intelligence and large models is a priority.
The national drive to promote common prosperity has received fresh impetus with the central government's new action plan to bolster the digital economy to narrow the income and development gaps between different regions, groups of people and urban and rural areas.
The U.S. side has repeatedly conducted surprise probes of Chinese-funded companies, disturbing Chinese businesses and businesspeople, seriously affecting normal business operations, and undermining the confidence of Chinese companies in investing in the U.S.
Multinational corporations will continue to ramp up investment in China this year as the country's immense consumption potential and innovation capabilities have bolstered their confidence, market observers and business leaders said on Tuesday..
More targeted policies and business potential are expected for the China (Xinjiang) Pilot Free Trade Zone this year, to boost foreign trade in the Xinjiang Uygur autonomous region.
Chinese economy has shown strong economic growth momentum with a total of 16 provincial-level regions, including seven in the western region and two in the central, outpacing the national economic growth rate in 2023
More foreign-invested companies surveyed by the China Council for the Promotion of International Trade (CCPIT) in the fourth quarter of 2023 said they were satisfied with China's business environment.