Backlash looms as US ignores Dutch interests to hinder China
The US doesn't seem to be hesitant for a second to sacrifice its allies so as to contain China. The tightening chip export restrictions show that it is willing to…
Japanese seafood exports to China in Sep fall to near zero amid continued fear of contamination
Japanese data released on Friday showed that fishery product exports to the Chinese mainland in September were nearly at zero, after China's General Administration of Customs (GAC) banned Japanese seafood…
China’s central bank reports progress in yuan internationalization, pledges support for growth of offshore yuan market
The People's Bank of China (PBC), the country's central bank, released its 2023 Yuan Internationalization Report on Friday. Among a series of forthcoming measures, the PBC emphasized its commitment to…
China-Russia local currency settlement can expand further: Russian industrialist Oleg Deripaska
China and Russia can further explore integration in financial infrastructure, and China-Russia local currency settlement cooperation can go further, Oleg Deripaska, industrialist, philanthropist and founder of aluminum giant Rusal, said…
China’s capital market shows signs of improvement amid rising supportive factors
China has sufficient tools, room to tackle risks, ensure stable market performance: expert China's stock market on Friday showed more signs of recovery after a recent downward trend, with major…
China’s reserve of lithium and other minerals posts notable increase in 2022, with 132 new fields found: report
About 40 percent of China's minerals, including nickel, cobalt and lithium posted an increase in reserve in 2022, and a total of 132 new mineral fields were found, a new…
China’s industrial enterprises profits in Sep surge 11.9% y-o-y: NBS
Profits of China's industrial enterprises above a designated size in September surged by 11.9 percent year-on-year, another double-digit growth following August, the National Bureau of Statistics announced on Friday, underscoring…
China, US ramp up high-level contacts in finance
Ramped-up efforts in pragmatic engagement to stabilize ties, paving way for more exchanges Following the first meeting of the Economic Working Group, China and the US held the first meeting…
Tightened US chip controls backfire on global players, causing more losses
Major world semiconductor manufacturers are suffering from tightened US chip export controls on China, and industry observers said that Washington's intensified moves have seriously disrupted the global industry and supply…
European automakers speed up cooperation with China despite EU protectionism
Stellantis NV, an automaker based in the Netherlands, announced on Thursday that it plans to invest 1.5 billion euros ($1.58 billion) to acquire approximately 20 percent of China's electric vehicle…