Tag Archives: China

The European Union (EU) and China have reportedly reached an agreement to open the Chinese market to European investors, Bloomberg reported. The deal has been negotiated for a very long time, since 2013, and it could come effective as of 2022. The EU is focused on expanding economic opportunities in …

In November, data showed that China’s gasoline exports fell from record highs, while liquefied natural gas imports hit a new peak in light of increased demand at the start of the heating season. China’s General Administration of Customs said gasoline exports in November fell to 1.26 million tons from 1.84 …

China’s Finance Ministry said the country will reduce import duties on 883 goods from January 1, including some aviation equipment, paper products and wood. The ministry said in a statement on its website that it would also reduce import duties for some information technology products, starting from July 1. The …

The Chinese Foreign Ministry said on Tuesday that Beijing will impose measures on those responsible for harming the Chinese side, in response to the ban imposed by the United States on granting Chinese officials additional entry visas. Chinese Foreign Ministry spokesman Wang Wenbin said in a press briefing that the …

Data announced by the Office for National Statistics today, Tuesday, revealed that China’s domestic production of crude oil in November rose 1.2% year-on-year to 15.96 million tons. Production since the beginning of the year reached 178.63 million tons, up 1.6% year-on-year. Refinery consumption of crude oil at the national level …

Credit rating agency Fitch raised its forecast this week for Chinese economic growth next year, based on increased domestic demand and expectations of a coronavirus vaccine deployment. Fitch now expects China’s GDP to expand 8% in 2021, up from the 7.7% forecast in September. “This would be much higher than …

China’s CPI fell in November for the first time in nearly a decade as food prices fell. The Chinese National Statistics Office said the Consumer Price Index, a gauge of inflation that measures the prices of a basket of consumer goods and services, fell 0.5% in November compared to a …

China’s exports jumped by 21.1% last November, the largest increase in two years, while imports rose 4.5% for the same period. This resulted in a trade surplus of $ 75.4 billion, and this surplus is the largest in 30 years. China’s trade balance with the United States reached a new …

Sources told Reuters that policymakers in China are comfortable with the yuan’s rise to its highest level in two and a half years, at a time when the recovery of the world’s second-largest economy accelerates and the central bank gives the market more freedom in determining the currency’s value. But sources …

Chinese Caixin Services PMI rose to 57.8 in November from 56.8 in October, the second highest reading since April 2010. Total new business grew in November to the highest level since April 2010, with new export business expanding for the first time in five months. It is reported that the …