Economy

The China-Europe freight train has built up a transportation network that supports the stability of global supply chains and injects new impetus into global economic development. It has become a flagship project and a signature brand under the Belt and Road Initiative (BRI), Foreign Ministry spokesperson Wang Wenbin said at a regular press briefing on Friday. Since its inaugural run …

Chinese banks have been holding intensive talks with real estate enterprises recently, aiming to assess and align with their financing needs. This signals a commitment to supporting housing developers in financing and stabilizing the housing market. Experts suggest that the industry is poised for gradual stabilization under policy support, with expansive opportunities for future development. Following meetings held by China …

Kathmandu, Dec 1: Finance Minister Dr Prakash Sharan Mahat has stressed the need for the effective implementation of development projects launched in Nepal with the assistance of Indian government. Attending the ‘project implementation review meeting organised here on Thursday by the Embassy of India in Nepal and the Ministry of Finance of Nepal, the minister expressed his gratitude to the …

US Special Presidential Envoy for Climate John Kerry said on Wednesday that the US will work with China to make the climate negotiations a success at the 28th session of the Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change, which is being held in Dubai from November 30 to December 12, Reuters reported. Kerry’s …

Financial sector, sci-tech innovation, subsidized housing in focus Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, inspects the Shanghai Futures Exchange in East China’s Shanghai on November 28, 2023. Photo: Xinhua Chinese President Xi Jinping’s inspection tour to Shanghai underscored three top policy priorities for …

The China International Supply Chain Expo (CISCE) kicked off in Beijing on Tuesday, bringing together hundreds of political and business leaders from around the world to strengthen cooperation and safeguard the stability of global industrial and supply chains amid mounting risks and challenges for global trade. At the opening ceremony of the world’s first state-level supply chain expo, Chinese Premier …

China’s central bank and other government agencies on Monday announced 25 measures to step up financial support for the country’s private sector, including efforts to diversify financial channels for private businesses, in yet another crucial step to boost the private economy amid challenges. The latest measures came as Chinese policymakers have in recent months taken a flurry of moves to …

  Photo: Ministry of Commerce (MOFCOM) spokesperson, Shu Juetin It is hoped that the US will translate its promise of “not intending to suppress and contain China” into action and meet China halfway to create good conditions for enterprises to carry out two-way trade and investment cooperation, China’s Ministry of Commerce (MOFCOM) spokesperson Shu Jueting said at a regular press …

The China-proposed Belt and Road Initiative (BRI) advances industrialization and has helped upgrade manufacturing and agro-processing in Nigeria, Godwin Nogheghase Obaseki, governor of the Edo State of Nigeria, said on Wednesday during a conference held in Fuzhou, East China’s Fujian Province. Obaseki made the remarks during the Belt and Road Global Chambers of Commerce and Association Conference (GCCAC), which is …

China’s Ministry of Industry and Information Technology will discuss artificial intelligence (AI) exchanges and communication with the US side based on the result of China-US Summit in San Francisco, Liu Bochao, an MIIT official, said at a seminar in Beijing on Friday. “Both China and the US are major countries in AI development, and it is necessary for both sides …