China and Australia are making efforts to address mutual concerns through dialogue and consultation, which will help improve the momentum in bilateral relations, Wang Wenbin, a spokesperson of China's Ministry of Foreign Affairs, said at a routine press conference on Wednesday. Wang made the remarks in response to a media inquiry on whether the Chinese […]
China's central government has unveiled this year's GDP growth target, at about 5 percent, on par with last year's rate. The target has made market investors rejoice, giving them higher confidence in an across-the-board revival of China-related equities and other assets in the coming months. As expected, the country's A-share market has held on to […]
China plans to systematically address funding shortages facing some major projects in the course of advancing the national rejuvenation, and it will issue ultra-long special treasury bonds starting this year and over each of the next several years, Chinese Premier Li Qiang said in his Government Work Report delivered to the annual session of the […]
The Biden administration moved on Thursday to block Chinese-made electric vehicles from entering the US market, claiming that internet-connected EVs "pose risks to national security" because the vehicles' software systems could send sensitive information of American drivers back to China. Under Biden's direction, the US Commerce Department has commenced a probe into these "security risks," […]
The A-share market experienced a notable rebound on Thursday, with the Shanghai Composite Index (SCI) surpassing the 3,000-point threshold and all three major Chinese indexes ending the month on a positive note and breaking a six-month streak of losses. The rally came as the top securities regulator, the China Securities Regulatory Commission (CSRC), has taken […]
With the continuous improvement of living standards, the public is increasingly pursuing a higher quality of life, leading to continuous upgrades and the steady growth in hairdressing and household care products. According to a forecast by Mintel, by the end of 2027, the shampoo and hair care product market will grow at a compound annual […]
Taiwan Semiconductor Manufacturing Co (TSMC) officially opened Japan's most advanced wafer fab in Kumamoto on Saturday, Taiwan media outlets reported. However, the plant, which has been long anticipated by politicians on the island of Taiwan and in Japan, may find it hard to bring the expected economic benefits to its parent company. Many believe the […]
The US' plan to invest billions in domestic manufacturing of cargo cranes to replace ones made in China due to so-called potential "national security risks" is absurd and unlikely to succeed, experts said. The Wall Street Journal reported on Wednesday that the administration of President Joe Biden plans to invest billions in the domestic manufacturing […]
China is striving to complete negotiations on version 3.0 of the China-ASEAN Free Trade Area (FTA) in 2024 amid a "rich agenda" for FTA negotiations in a bid to further advance high-standard opening-up, Chinese vice minister of commerce Wang Shouwen told a press conference on Friday. China's active engagement in FTA talks reflects China's commitment […]