Tag Archives: China

China’s exports in September rose by 9.9% year-on-year, in line with expectations, and imports grew at the fastest pace for this year, at 13.2% in the same period, well above expectations of a 0.3% rise. China’s exports rose by 10.2% in Q3 to $ 742.9 billion.

The Chinese central bank is issuing digital coins worth 10 million yuan ($ 1.5 million) to 500 users, who will be chosen at random, in a move that some see as the country’s first public test of the yuan’s digital payment system. The People’s Bank of China (central bank) campaign …

China announced that manufacturing activity expanded in September as the world’s second-largest economy continued to show signs of recovering from the coronavirus pandemic. The official PMI manufacturing index for September came in at 51.5 compared to 51.0 in August, according to the National Bureau of Statistics. PMI readings above 50 …

China has said it will invest in strategic industries, including key technology sectors such as 5G networks, artificial intelligence and chips. The National Development and Reform Commission said China will speed up the development of new materials to ensure stable supply chains for the aircraft industry, microelectronics and deepwater mining …

The World Trade Organization has ruled that the additional tariffs imposed by the United States in 2018 on Chinese goods violate international trade rules, in a blow to the Trump administration’s trade war against the world’s second largest economy. A three-person panel of trade experts at the World Trade Organization …

China’s Finance Ministry said it will extend existing customs exemptions for 16 US products including lubricants, whey and fish meals for an additional year. The ministry said that the products received exemptions from retaliatory customs duties imposed by China on US goods as countermeasures to the US Article 301 measures …

Retail sales in China rose in August for the first time since 2020, as Chinese consumers ramped up their spending in a sign of further economic recovery from the shock of the coronavirus pandemic. Retail sales rose 0.5% in August from the same period last year, in the first positive …

The People’s Bank of China (PBOC) injected CNY600 billion via one-year medium-term lending (MLF) facility on Tuesday. The Chinese central bank issued the one-year MLF at 2.95%, unchanged from the previous operation. The PBOC kept the rates unchanged for the fifth month in a row. There is CNY170 billion reverse …

China’s foreign ministry said on Friday that it has adopted reciprocal restrictions on staff from the US embassy and consulates in the mainland and Hong Kong. “China’s actions are just, a necessary response to the US wrongdoings,” the ministry added. China urges the US to withdraw restrictions on China’s embassy …

The Chinese government said it would support consumption to contribute to the recovery of the economy, adding, “Consumption has been relatively hit by the need this year and has become the weak link in the economic recovery.” Official data showed that retail sales in China fell 1.1% in July, compared …