Economy

Following the UK’s former foreign secretary James Cleverly’s visit to China in August, relations between China and the UK are in the process of normalizing, “a big factor” that will provide multinationals from both sides with assurance on their investments, a UK chamber representative said. It is expected that UK companies will be increasing their investment in the world’s second-largest …

Confidence in vital market entities to inject vitality into Chinese economy The Central Economic Work Conference, which has set the tone for economic policymaking in 2024, called for high-level opening-up, consolidating the overall performance of foreign trade and foreign investment, and further promoting the development of the private sector, according to a readout of the key conference following its conclusion …

Chinese Ambassador to Vietnam Xiong Bo said China stands ready to further strengthen economic, trade and investment cooperation with Vietnam. The interconnectivity of the transportation infrastructure between China and Vietnam will become increasingly efficient, People’s Daily reported on Monday. The news that China and Vietnam are looking at further rail link cooperation has drawn public attention in recent days. Just …

Top conference expected to boost global confidence in growth prospects: experts Positive factors are emerging in China, including better-than-expected economic indicators and increasingly clear signals of more policy efforts to boost growth, portending that the nation’s economic recovery is most likely to cap the first year of post-pandemic rebound on a solid note and kick off 2024 on an even …

Leading industrial modernization through tech innovation: meeting China’s new-energy vehicle (NEV) sales have continued to surge throughout the year, with the momentum expected to continue into 2024. Aligned with a recent tone-setting key Party meeting, which emphasized the pivotal role of technology innovation in industrial modernization, experts on Monday highlighted the NEV sector as a representative leader in spearheading innovation …

China and Australia will facilitate customs clearance for commodities trading via certified operators with Authorized Economic Operator (AEO) status starting from December 14, 2023, China’s General Administration of Customs (GAC) said on Monday. Experts noted that the move will play a vital role in bolstering bilateral trade by elevating cooperation efficiency, along with other benefits. The AEO is a program …

Kathmandu, Dec 11: Finance Minister Dr Prakash Sharan Mahat has said there are many reasons for investors to invest in different sectors of Nepal. Following a discussion with development partners held in Finance Ministry on Monday in relation to the 3rd Investment Summit scheduled for coming April 21 and 22 in Kathamndu, Finance Minister Mahat said hydropower, tourism, information technology, …

China’s marine shipping for exports to the EU and the US has been affected by the disruption of two prominent global canals – the Panama Canal and the Suez Canal – due to drought and geopolitical factors, leading to a surge in shipping costs and delivery delays, Chinese industry insiders told the Global Times on Sunday. Yemen’s Houthi movement said …

Through the Hong Kong-Zhuhai-Macao Bridge (HZMB), Chinese mainland residents can take international flights directly from Hong Kong International Airports (HKIA) without entry permit. The new policy, set to take effect on Tuesday, will further facilitate international travel for travelers from the Chinese mainland and drive passenger growth at HKIA. This policy aims to simplify foreign travel procedures for mainland travelers …

As the world continues to face a severe economic downturn and various economic indicators in China reflect both a steady recovery trajectory as well as ups and downs in the Chinese economy, global attention is turning to an all-important end-of-year meeting to see how top Chinese policymakers view China’s economic prospects and top priorities for 2024. The Central Economic Work …