Business

Chinese own nearly 7.6 billion bank cards

Official data shows the number of bank cards in use in China reached 7.6 billion at the end of last year.

Nestle CEO bullish on Chinese market

​Nestle CEO Mark Schneider says he is bullish on the long-term growth of the Chinese market.

Apple's Tim Cook lauds China's opening-up

Apple CEO Tim Cook Saturday applauded China's opening-up and encouraged the country to open up further, saying it is essential for both the country and the global community.

Galeries Lafayette second Chinese store starts trial operation

The newest flagship store of French-based high-end department store guru Galeries Lafayette announced its soft opening in Shanghai Saturday, the second one in China after its first store in Beijing since 2013.

MoU has been signed to boost Sino-Italian synergies in tourism

The National Federation of Travels and Tourism, said in a statement on Friday that it has signed an agreement with China's largest online travel agency Ctrip to boost Sino-Italian synergies in tourism.

China announces detailed VAT reform measures

Chinese authorities Thursday announced detailed measures to implement the country's value-added tax (VAT) reform to further reduce the tax burden on various industries.

China to be the world's biggest 5G market by 2025: report

China will become the world's largest 5G market, with 460 million users of the next-generation superfast network by 2025, China Daily reported Thursday, citing a report given by the GSMA.

China, US to conduct two new rounds of trade talks

China and the United States will have two new rounds of high-level trade consultations in Beijing and Washington in late March and early April, China's Ministry of Commerce (MOC) announced on Thursday.

China vows deeper VAT reform to boost economic vitality

China will implement a slew of measures to cut the value-added tax (VAT) rates, making sure that tax burdens on all industries will only go down, not up, according to the State Council's executive meeting.

Boeing CEO expresses commitment to safety after crash

Boeing CEO Dennis Muilenburg made his public comments about the crash of Ethiopian Airlines Flight 302, and restated the commitment to safety.

Huawei tops UN patent applications in 2018

New figures show Huawei filed more patents applications than any other company in the world in 2018 – a record number of 5,405, according to the World Intellectual Property Organization.

PBoC further regulates RMB imaging

China's central bank has issued a new policy, prohibiting the use of renminbi (RMB) images without permission, including on papers used as sacrificial offerings.
 

China's employment stable despite higher monthly jobless rate

China's employment remained stable despite a higher jobless rate in January and February, according to the National Bureau of Statistics (NBS).

China sees forest travel boom in 2018

Forests have become popular travel destinations in China, with gross output of the industry hitting 1.5 trillion yuan (about 224 billion U.S. dollars) in 2018, official data showed.
 

China sees rising FDI inflows in Jan-Feb

Foreign direct investment (FDI) into the Chinese mainland expanded 5.5 percent year on year to reach 147.11 billion yuan in the first two months, the Ministry of Commerce (MOC) announced Friday.

China to further cut financing cost for small, micro firms: premier

China will further cut the financing cost for small and micro firms by another one percentage point this year, Premier Li Keqiang said Friday.

Tesla Model Y SUV to be built in Shanghai

Tesla CEO Elon Musk said on Thursday night that the California-based electric vehicle maker's new Model Y SUV will be produced in the company's new plant in Shanghai, China.

China to prepare rules in line with foreign investment law: Premier

​China will introduce a series of regulations and documents in accordance with the foreign investment law to protect the legitimate rights and interests of foreign investors, Premier Li Keqiang said on Friday.
 

China to take various measures to boost domestic consumption: Premier

The Chinese government will take measures to further boost domestic consumption and unleash market potential, Premier Li Keqiang said here Friday.

China determined to implement larger tax, fee cuts: Premier

Chinese Premier Li Keqiang said Friday that the country is determined to implement larger scale tax and fee cuts this year as a key countermeasure against downward economic pressure.

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