Opening-up to spur foreign trade growth
3 weeks, 5 days ago

Opening-up to spur foreign trade growth

China Daily  

A container ship leaves Qingdao Port, Shandong province. China will continue to advance institutionalized opening-up, broaden market access for global businesses and advocate free trade agreements, fueling its economic growth and bolstering multilateralism in 2025, market observers and business executives said on Sunday. Noting that China gave the green light earlier this year for the establishment of wholly foreign-owned hospitals in selected cities, including Beijing and Shanghai, Liu said that expanding global businesses' access to more sectors will further diversify the nation's economy, reduce reliance on traditional industries and boost the growth of sectors such as high-end manufacturing, modern services and green and digital technologies. "Promoting and joining various multilateral and bilateral free trade deals, such as the Regional Comprehensive Economic Partnership and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, are crucial for China to sustain its foreign trade growth," he said. These initiatives, including the RCEP and CPTPP, could assist China in countering the pressures of unilateralism by offering a platform for countries to collectively shape international trade rules and standards, Wei said, predicting that the new growth engines of China's foreign trade are likely to come from emerging economies next year.

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History of this topic

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’
4 days ago

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’

Live Mint  

As Donald Trump returns as the US President on 20 January, the world will closely watch his trade policies. During his first term, Trump initiated a trade war with China in 2018, imposing tariffs on $250 billion worth of Chinese goods, including steel, aluminium, solar panels and washing machines. China's trade surplus stood at $785 billion for the first 10 …

EU urged to seek 'win-win' tariff position
Top News
1 week, 4 days ago

EU urged to seek 'win-win' tariff position

China Daily  

By WANG YU and ZHONG NAN | China Daily | Updated: 2024-12-31 09:25 A SAIC model is driven into a cargo ship headed to Europe. The European Union should adopt a mutually beneficial approach to resolve the trade issue over its anti-subsidy case with Chinese electric vehicles, as such an approach aligns with the bloc's interests, said Wei Jianguo, China's …

EU urged to seek 'win-win' tariff position
Top News
1 week, 4 days ago

EU urged to seek 'win-win' tariff position

China Daily  

By WANG YU and ZHONG NAN | China Daily | Updated: 2024-12-31 09:25 A SAIC model is driven into a cargo ship headed to Europe. The European Union should adopt a mutually beneficial approach to resolve the trade issue over its anti-subsidy case with Chinese electric vehicles, as such an approach aligns with the bloc's interests, said Wei Jianguo, China's …

EU urged to seek 'win-win' tariff position
Trending News
1 week, 4 days ago

EU urged to seek 'win-win' tariff position

China Daily  

Imposing duties has never effectively addressed trade issues, ex-official says The European Union should adopt a mutually beneficial approach to resolve the trade issue over its anti-subsidy case with Chinese electric vehicles, as such an approach aligns with the bloc's interests, said Wei Jianguo, China's former vice-minister of commerce. Wei said that the EU's tariff imposition approach toward Chinese EVs …

Tailwinds favoring foreign trade enterprises
Trending News
3 weeks, 5 days ago

Tailwinds favoring foreign trade enterprises

China Daily  

Employees work on a photovoltaic module production line for export orders at a new energy technology company in Sihong Economic Development Zone, Jiangsu province, on Dec 2. Asia Best Partner Logistics, a company located in Shenzhen, Guangdong province, provides sea, land, and air transportation and has begun to transform its business to focus more on the cross-border e-commerce sector in …

Opening-up to spur foreign trade growth
3 weeks, 5 days ago

Opening-up to spur foreign trade growth

China Daily  

China will continue to advance institutionalized opening-up, broaden market access for global businesses and advocate free trade agreements, fueling its economic growth and bolstering multilateralism in 2025, market observers and business executives said on Sunday. Noting that China gave the green light earlier this year for the establishment of wholly foreign-owned hospitals in selected cities, including Beijing and Shanghai, Liu …

Tailwinds favoring foreign trade enterprises
Trending News
3 weeks, 5 days ago

Tailwinds favoring foreign trade enterprises

China Daily  

Automated vehicles deliver cargo at Qingdao Port's fully automated terminal in Shandong province on Dec 3. ZHANG JINGANG/FOR CHINA DAILY China will ramp up financial support, cultivate new growth engines, and strengthen services for foreign trade enterprises in order to unlock momentum and foster resilience in the country's foreign trade sector — a critical pillar underpinning overall economic growth, officials …

Foreign trade growth on steady track
1 month ago

Foreign trade growth on steady track

China Daily  

A container ship leaves Qingdao Port, Shandong province. As global demand gains momentum, China's foreign trade is expected to maintain steady growth in the coming months, surpassing the usual seasonal fluctuations observed in previous years, trade experts and exporters said on Tuesday. China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period, while exports …

China's foreign trade up 4.9% in first 11 months
1 month ago

China's foreign trade up 4.9% in first 11 months

China Daily  

By Zhong Nan | chinadaily.com.cn | Updated: 2024-12-10 11:12 China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period of 2024, statistics from the General Administration of Customs showed on Tuesday. The country's exports rose 6.7 percent yearly to 23.04 trillion yuan, while its imports climbed 2.4 percent year-on-year to 16.75 trillion yuan during …

China's foreign trade up 4.9% in first 11 months
1 month ago

China's foreign trade up 4.9% in first 11 months

China Daily  

China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period of 2024, statistics from the General Administration of Customs showed on Tuesday. The country's exports rose 6.7 percent yearly to 23.04 trillion yuan, while its imports climbed 2.4 percent year-on-year to 16.75 trillion yuan during this period, customs data showed. The import and export …

China's zero-tariff policy boon for least developed countries
1 month ago

China's zero-tariff policy boon for least developed countries

China Daily  

An employee operates a touch panel in a workshop at a foreign-funded electronics manufacturing enterprise in Rongcheng, Shandong province, on Feb 23. "China's international fairs are really great platforms for African enterprises to find new opportunities, and purchasers usually consider our agricultural products to be good value for the money, thanks to China's zero-tariff treatment on most of them," said …

Door opened wider for foreign-invested businesses
1 month, 2 weeks ago

Door opened wider for foreign-invested businesses

China Daily  

By ZHONG NAN| China Daily| Updated :2024-11-28 When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China …

Door opened wider for foreign-invested businesses
1 month, 2 weeks ago

Door opened wider for foreign-invested businesses

China Daily  

When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their innovation efforts," Ye said, …

Door opened wider for foreign-invested businesses
1 month, 2 weeks ago

Door opened wider for foreign-invested businesses

China Daily  

WANG YANGYANG/FOR CHINA DAILY When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their …

Door opened wider for foreign-invested businesses
1 month, 2 weeks ago

Door opened wider for foreign-invested businesses

China Daily  

When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their innovation efforts," Ye said, …

Door opened wider for foreign-invested businesses
1 month, 2 weeks ago

Door opened wider for foreign-invested businesses

China Daily  

WANG YANGYANG/FOR CHINA DAILY When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their …

China strengthens policy support for foreign trade development
1 month, 2 weeks ago

China strengthens policy support for foreign trade development

China Daily  

China strengthens policy support for foreign trade development Xinhua Updated: Nov 22, 2024 Ships get ready for their voyages in the foreign trade container terminal of Qingdao port in Shandong province. The country will also drive innovative development in green trade and border trade, attract and facilitate cross-border business travel, enhance maritime transport support for foreign trade, and strengthen employment …

Xinjiang sees rapid growth of foreign trade
1 month, 3 weeks ago

Xinjiang sees rapid growth of foreign trade

China Daily  

The Xinjiang Uygur autonomous region's foreign trade in the first 10 months of the year reached 362.79 billion yuan, up 28 percent year-on-year, registering the fastest growth rate among all provincial-level regions around the country. During the period, foreign trade by private enterprises in Xinjiang grew 26.8 percent year-on-year and accounted for 92.4 percent of the region's total foreign trade, …

CIIE showcases nation's enormous market potential
1 month, 3 weeks ago

CIIE showcases nation's enormous market potential

China Daily  

Anyone wanting to get a better idea of an influential expo that showcases China's high-level opening-up and vast market potential — offering tremendous opportunities for global participants — should visit the China International Import Expo in Shanghai in early November. Many foreign business executives told me that amid unprecedented global changes and a sluggish economic recovery, they view the CIIE …

China on track to reach growth targets
1 month, 3 weeks ago

China on track to reach growth targets

China Daily  

A visitor touches the finger of a mechanical hand at a booth at the 26th China High-Tech Fair in Shenzhen, South China's Guangdong province, Nov 15, 2024. China has "full confidence" that it will meet the growth targets for this year and remain the biggest engine of world economic growth, President Xi Jinping said on Friday, reaffirming Beijing's pledge to …

Cross-border e-commerce growing in China
2 months ago

Cross-border e-commerce growing in China

China Daily  

Having worked as a tech reporter for about a decade, I have witnessed firsthand the rapid growth of China's cross-border e-commerce platforms and how the country's consumers have shown increasing demand for premium imported and foreign-branded products in recent years. According to a report from Chinese e-commerce platform JD's Consumption and Industry Development Research Institute, imported brands, including mobile phones, …

Foreign trade poised for steady growth amid headwinds
Top News
2 months ago

Foreign trade poised for steady growth amid headwinds

China Daily  

China's foreign trade in goods 2024. CHINA DAILY China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers said on Thursday. China's foreign trade increased 5.2 percent year-on-year to 36.02 trillion yuan in …

Foreign trade poised for steady growth amid headwinds
2 months ago

Foreign trade poised for steady growth amid headwinds

China Daily  

China's foreign trade in goods 2024. CHINA DAILY China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers said on Thursday. China's foreign trade increased 5.2 percent year-on-year to 36.02 trillion yuan in …

Foreign trade poised for steady growth amid headwinds
2 months ago

Foreign trade poised for steady growth amid headwinds

China Daily  

By Zhong Nan and Ouyang Shijia in Shanghai | China Daily | Updated: 2024-11-08 07:09 China's foreign trade in goods 2024. CHINA DAILY China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers …

Foreign trade poised for steady growth amid headwinds
Trending News
2 months ago

Foreign trade poised for steady growth amid headwinds

China Daily  

China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers said on Thursday. China's foreign trade increased 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period, while its exports rose 6.7 …

China's foreign trade up 5.2% in Jan-Oct period
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade up 5.2% in Jan-Oct period By Zhong Nan in Shanghai chinadaily.com.cn Updated: Nov 07, 2024 China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year …

China sees 49.09 bln inter-regional trips in first 3 quarters
2 months, 1 week ago

China sees 49.09 bln inter-regional trips in first 3 quarters

China Daily  

More than 49.09 billion inter-regional trips were made in China during the first three quarters of this year, up 5.4 percent from one year earlier, the Ministry of Transport said on Thursday. During the period, railway, waterway and civil aviation passenger traffic increased by 13.8 percent, 1.1 percent and 19.1 percent, respectively year on year, while road passenger flow went …

Chinese Toymaker Seeks Global Expansion in Emerging Markets
Top News
2 months, 2 weeks ago

Chinese Toymaker Seeks Global Expansion in Emerging Markets

China Daily  

Emerging markets are driving China's export orders, with the country's foreign trade value with over 160 countries and regions continuing to grow. This growth is driven by several factors, including the diversification of China's export markets, increasing business and consumer demand in emerging regions, and changing global trade dynamics.

Chinese Toymaker Seeks to Boost Exports to Emerging Markets
2 months, 2 weeks ago

Chinese Toymaker Seeks to Boost Exports to Emerging Markets

China Daily  

Emerging markets are driving China's export orders, with the country's foreign trade value with over 160 countries and regions continuing to grow. This growth is driven by several factors, including the diversification of China's export markets, increasing business and consumer demand in emerging regions, and changing global trade dynamics.

Emerging Markets Driving Export Orders: Boosting Trade with Southeast Asia, Middle East, and South America
2 months, 2 weeks ago

Emerging Markets Driving Export Orders: Boosting Trade with Southeast Asia, Middle East, and South America

China Daily  

Emerging markets are playing a significant role in boosting Chinese export orders, with a 37 percent increase in orders to these regions this year. This growth is driven by factors such as the diversification of China's export markets, increasing business and consumer demand in emerging regions, and changing global trade dynamics.

Chinese Toymaker Seeks to Expand into Emerging Markets as Exports Soar
2 months, 2 weeks ago

Chinese Toymaker Seeks to Expand into Emerging Markets as Exports Soar

China Daily  

Emerging markets are driving China's export orders, with the country's foreign trade value with over 160 countries and regions continuing to grow. This growth is driven by several factors, including the diversification of China's export markets, increasing business and consumer demand in emerging regions, and changing global trade dynamics.

Emerging markets boosting export orders
2 months, 2 weeks ago

Emerging markets boosting export orders

China Daily  

Emerging markets boosting export orders By ZHONG NAN China Daily Updated: Oct 22, 2024 View of Chinese-made vehicles to be exported at Yantai Port in Shandong province on Oct 14. "After mid-October, we will focus on non-Christmas-themed toys and expanding into emerging markets," said Wang, adding the company's total export orders for the Christmas season have reached 6.95 million yuan …

China's Foreign Trade Soars to Record High in First Three Quarters
2 months, 3 weeks ago

China's Foreign Trade Soars to Record High in First Three Quarters

China Daily  

China's foreign trade grew significantly in the first three quarters of 2024, with both exports and imports increasing. The country's exports surged 6.2 percent year-on-year to 18.62 trillion yuan, while imports rose 4.1 percent year-on-year to 13.71 trillion yuan. The country's foreign trade hit a record high in the first three quarters with each quarter exceeding 10 trillion yuan.

China's Foreign Trade Soars to Record High in First Three Quarters
2 months, 4 weeks ago

China's Foreign Trade Soars to Record High in First Three Quarters

China Daily  

China's foreign trade grew significantly in the first three quarters of 2024, with both exports and imports increasing. The country's exports reached 18.62 trillion yuan, up 6.2 percent year-on-year, while imports rose to 13.71 trillion yuan, up 4.1 percent. This growth is attributed to China's optimization of its exported products, with exports of high-tech equipment increasing by 40 percent year-on-year …

China's Foreign Trade Soars to Record High in First Three Quarters
2 months, 4 weeks ago

China's Foreign Trade Soars to Record High in First Three Quarters

China Daily  

China's foreign trade grew significantly in the first three quarters of 2024, with both exports and imports increasing. The country's exports surged 6.2 percent year-on-year to 18.62 trillion yuan, while imports rose 4.1 percent year-on-year to 13.71 trillion yuan. The country's foreign trade hit a record high in the first three quarters with each quarter exceeding 10 trillion yuan.

Trade, opening-up surging over years
3 months, 1 week ago

Trade, opening-up surging over years

China Daily  

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. With products manufactured in China being supplied to both domestic and international markets, foreign enterprises like France's …

Trade, opening-up surging over years
3 months, 1 week ago

Trade, opening-up surging over years

China Daily  

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. With products manufactured in China being supplied to both domestic and international markets, foreign enterprises like France's …

Guangdong foreign trade sweeps upward
3 months, 4 weeks ago

Guangdong foreign trade sweeps upward

China Daily  

Guangdong's foreign trade has made significant progress in emerging markets while maintaining good growth momentum in traditional markets during the first eight months of this year. According to the statement, exports of vessels, electric vehicles and containers achieved faster growth between January and August, increasing by 47.6 percent — 68.2 percent and 133.1 percent year-on-year, respectively — becoming new growth …

China's service trade set to unleash huge potential
3 months, 4 weeks ago

China's service trade set to unleash huge potential

China Daily  

The 2024 China International Fair for Trade in Services kicks off in Beijing on Thursday. From 2012 to 2023, the volume of service trade in China, measured in US dollars, grew at an average annual growth rate of 6.2 percent. In 2023, China's share of global service exports and service imports stood at 4.8 percent and 7.5 percent respectively, indicating …

Foreign firms enthusiastic about opening-up progress
3 months, 4 weeks ago

Foreign firms enthusiastic about opening-up progress

China Daily  

Q4 While China is expanding opening-up, some are concerned that geopolitical tensions, rising protectionism and global supply chain adjustments may weaken China's attractiveness to foreign companies. Our investments in China are in line with BASF's strategy of producing where our customers are and where there is market growth. Zheng: Illumina continues to see China as a crucial part of our …

Country's foreign trade shows strong resilience
4 months ago

Country's foreign trade shows strong resilience

China Daily  

Container vessels unload cargo at a terminal in Qingdao, Shandong province, in August. China's foreign trade has continued to demonstrate strong resilience, and the nation's enhanced export channels with emerging economies, coupled with ongoing support from its opening-up policies, will drive its economic growth throughout the year despite external challenges, government officials and experts said. According to the General Administration …

Opening up of services seen broadening
4 months ago

Opening up of services seen broadening

China Daily  

China will further open up its services sector, promote convenient cross-border flow of various innovation elements, and optimize the environment for the growth of trade in services, a senior official said. The document will guide China's services trade growth in the future," Tang Wenhong, assistant minister of commerce, said during a news conference on Tuesday. Last year, China's total value …

MNCs praise opening-up at Xiamen trade fair
4 months ago

MNCs praise opening-up at Xiamen trade fair

China Daily  

Visitors check out products during the 24th China International Fair for Investment and Trade in Xiamen, Fujian province. Jeffrey Perlman, CEO of US private equity firm Warburg Pincus, said China has become the world's second-largest economy with a proven long-term track record of consistent growth supported by domestic policy. "China's efforts to continuously expand its opening-up and optimize its business …

MNCs praise opening-up at Xiamen trade fair
4 months ago

MNCs praise opening-up at Xiamen trade fair

China Daily  

Visitors check out products during the 24th China International Fair for Investment and Trade in Xiamen, Fujian province. Jeffrey Perlman, CEO of US private equity firm Warburg Pincus, said China has become the world's second-largest economy with a proven long-term track record of consistent growth supported by domestic policy. "China's efforts to continuously expand its opening-up and optimize its business …

Dongying bolsters foreign trade and investment to drive business growth
4 months, 1 week ago

Dongying bolsters foreign trade and investment to drive business growth

China Daily  

This year, Dongying in East China's Shandong province has bolstered its foundation in foreign trade and investment. This year, Dongying has leveraged export credit insurance policies to support 420 companies, facilitating foreign trade exports totaling more than $700 million. From January to July, the city’s foreign trade import and export volume reached 156.85 billion yuan, marking a 13.2% year-on-year increase. …

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