China's customs unveils new measures to boost processing trade
1 year, 1 month ago

China's customs unveils new measures to boost processing trade

China Daily  

This aerial photo taken on Sept 12, 2023 shows a view of the container terminal of Haikou Port in Haikou, South China's Hainan province. These measures, such as expanding the application scope for companies' processing trade supervision methods and implementing new bonded policies, aim to stabilize market expectations, the foundation of foreign investment and trade, and the supply chains. They are intended to inject vitality into the growth of processing trade, said Huang Lingli, deputy director of the GAC's commodity inspection department. As a crucial component of China's foreign trade, Huang said processing trade plays a vital role in facilitating external openness, driving industrial upgrading, stabilizing supply chains, ensuring employment and improving people's livelihoods. China's processing trade amounted to 5.57 trillion yuan between January and September of 2023, accounting for 18.1 percent of the country's total foreign trade value, data from the GAC showed.

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History of this topic

Tailwinds favoring foreign trade enterprises
Trending News
1 week, 1 day 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 …

Opening-up to spur foreign trade growth
1 week, 1 day 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 …

Opening-up to spur foreign trade growth
1 week, 1 day 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 …

China's foreign trade up 4.9% in first 11 months
2 weeks 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 foreign trade up 4.9% in first 11 months
2 weeks 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 yuan slides to 4-month low on tariff threats and mixed PMI data
3 weeks, 1 day ago

China's yuan slides to 4-month low on tariff threats and mixed PMI data

Hindustan Times  

SHANGHAI, - The yuan fell to a four-month low on Monday, as tariff threats and mixed purchasing managers' index data raised concern China's economy might need additional policy support. The onshore yuan dropped to a low of 7.2675 per dollar, its weakest since July 24, despite a private manufacturing survey on Monday showing China's factory activity expanded at the fastest …

India-China trade: An alarming $18 billion discrepancy
3 weeks, 5 days ago

India-China trade: An alarming $18 billion discrepancy

Live Mint  

India-China trade data for 2023 reveals a widening discrepancy, with India's reported imports from China falling significantly short of China's export figures, raising concerns over potential anomalies such as under-invoicing, misclassification, and inconsistent reporting practices. In 2023, India's merchandise imports from China stood at $99.59 billion, which was 18.2% lower than the $117.68 billion worth of exports reported by China, …

Tariff hikes will backfire, and China can manage such ‘external shocks,’ a senior official says
1 month ago

Tariff hikes will backfire, and China can manage such ‘external shocks,’ a senior official says

Associated Press  

HONG KONG — Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the impact of such “external shocks,” a senior Commerce Ministry official said Friday in Beijing. Responding to a reporter’s question about U.S. President-elect Donald Trump’s plan to impose 60% tariffs on imports from China, Vice Commerce Minister Wang …

Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says
1 month ago

Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Higher tariffs on Chinese exports …

China strengthens policy support for foreign trade development
1 month 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 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, …

Cross-border e-commerce growing in China
1 month, 1 week 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
Trending News
1 month, 2 weeks 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 …

Foreign trade poised for steady growth amid headwinds
Top News
1 month, 2 weeks 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
1 month, 2 weeks 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
1 month, 2 weeks 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 …

China's foreign trade up 5.2% in Jan-Oct period
1 month, 2 weeks 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
1 month, 2 weeks 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
1 month, 2 weeks 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
1 month, 2 weeks 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
1 month, 2 weeks 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 …

Chinese Toymaker Seeks Global Expansion in Emerging Markets
Top News
2 months 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 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.

Chinese Toymaker Seeks to Expand into Emerging Markets as Exports Soar
2 months 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.

China's consumer goods trade-ins unleash market potential: official
2 months ago

China's consumer goods trade-ins unleash market potential: official

China Daily  

Xinhua | Updated: 2024-10-18 21:25 A consumer learns about trade-in plans for home appliances at a store in Chongqing in July. SUN KAIFANG/FOR CHINA DAILY TIANJIN -- China's consumer goods trade-ins have unleashed new market demands, with over 1.4 million applications for automobile scrapping and renewal subsidies recorded so far, Vice-Minister of Commerce Sheng Qiuping said on Friday. As of …

China's Foreign Trade Soars to Record High in First Three Quarters
2 months, 1 week 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, 1 week 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, 1 week 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
2 months, 3 weeks 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
2 months, 3 weeks 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 …

Quzhou's export growth rate ranks 2nd in Zhejiang
2 months, 4 weeks ago

Quzhou's export growth rate ranks 2nd in Zhejiang

China Daily  

ezhejiang.gov.cn| Updated :2024-09-26 Quzhou's imports and exports had a total value of 50.11 billion yuan from January to August, an increase of 8.9 percent year-on-year, according to Quzhou Customs. Exports amounted to 34.31 billion yuan, growing by 19.0 percent year-on-year, the second highest growth rate in Zhejiang province and 10.6 percentage points higher than the provincial average growth rate. From …

Trade in services experiencing exponential growth
3 months ago

Trade in services experiencing exponential growth

China Daily  

A visitor experiences a passenger-carrying autonomous aerial vehicle during the 2024 CIFTIS in Beijing on Sept 13. "Since China's manufacturing investment and goods trade have remained at a high level, trade in services plays an even more important role to drive high-quality economic growth and new quality productive forces," said Jiang Hao, a partner at global management consultancy Roland Berger. …

Trade in services experiencing exponential growth
3 months ago

Trade in services experiencing exponential growth

China Daily  

Visitors check out a colored lantern at the Sichuan province exhibition stand during the 2024 China International Fair for Trade in Services in Beijing on Sept 12. The United States-based logistics service provider launched two new flights to the US from Qingdao, Shandong province, and Xiamen, Fujian province, in June, and expanded its fast cross-border shipping services for parcels heading …

Jiaxing sees expanded foreign trade in Jan-Aug
3 months ago

Jiaxing sees expanded foreign trade in Jan-Aug

China Daily  

chinadaily.com.cn| Updated : Sep 20, 2024 Jiaxing's ports have been bustling with activity, reflecting steady growth in foreign trade. To maintain and enhance foreign trade amidst challenges like weakening demand and insufficient orders, Jiaxing is stabilizing traditional markets, expanding into new ones, and adjusting industrial structures. By July, exports of traditional products like furniture, bags, and textiles reached 54.96 billion …

Qingdao's foreign trade up 2.5% in Jan-Aug period
3 months ago

Qingdao's foreign trade up 2.5% in Jan-Aug period

China Daily  

The busy Qingdao Port in Shandong province. At 391.77 billion yuan during the January to August period, general trade increased 3.7 percent this year and accounted for 65.5 percent of the total foreign trade value of Qingdao, an increase of 0.8 percentage points from the same period last year. The import and export volume of foreign-invested enterprises reached 114.69 billion …

China's service trade set to unleash huge potential
3 months, 1 week 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 …

Tai'an posts steady economic growth in Jan-Aug period
3 months, 1 week ago

Tai'an posts steady economic growth in Jan-Aug period

China Daily  

This year, the overall economic performance of Tai'an, Shandong has remained stable, showing a steady upward trend and quality enhancement in the first eight months of the year. From January to August, the added value of industrial enterprises above a designated size in the city increased by 8.6 percent year-on-year. The city's key industries have shown strong momentum with electrical …

Opening up of services seen broadening
3 months, 1 week 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 …

Country's foreign trade shows strong resilience
3 months, 1 week 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 …

Tai'an posts steady economic growth in Jan-Aug period
3 months, 1 week ago

Tai'an posts steady economic growth in Jan-Aug period

China Daily  

This year, the overall economic performance of Tai'an, Shandong has remained stable, showing a steady upward trend and quality enhancement in the first eight months of the year. From January to August, the added value of industrial enterprises above a designated size in the city increased by 8.6 percent year-on-year. The city's key industries have shown strong momentum with electrical …

Shanghai sees growing foreign trade with Africa in Jan-July
3 months, 2 weeks ago

Shanghai sees growing foreign trade with Africa in Jan-July

China Daily  

Lujiazui, Shanghai's financial center, forms a perfect backdrop to Shanghai's Bund. SHANGHAI - China's financial hub Shanghai saw its foreign trade with African countries grow 9.4 percent year-on-year to 218.53 billion yuan in the first seven months of 2024, official data showed Tuesday. During this period, the value of agricultural products imported from Africa through Shanghai ports reached 5.43 billion …

Yangtze River Delta region's imports, exports grow
4 months ago

Yangtze River Delta region's imports, exports grow

China Daily  

A view of Shanghai's Lujiazui area on Jan 10, 2023. The total import and export value of the Yangtze River Delta region grew by 5.8 percent year-on-year to hit a new record of 9.1 trillion yuan during the first seven months of the year, according to the data released by the Shanghai Customs on Sunday. The region, which contributed about …

China's exports integrating into global supply chains
4 months ago

China's exports integrating into global supply chains

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. From January to May 2024, China's exports to the US stood at 1.39 trillion yuan, a 3.6 percent increase year-on-year. ASEAN is now the largest trading partner of China, with China's exports reaching 3.71 trillion yuan in 2023, maintaining the high level seen in the previous …

China's exports integrating into global supply chains
4 months ago

China's exports integrating into global supply chains

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. From January to May 2024, China's exports to the US stood at 1.39 trillion yuan, a 3.6 percent increase year-on-year. ASEAN is now the largest trading partner of China, with China's exports reaching 3.71 trillion yuan in 2023, maintaining the high level seen in the previous …

Qingdao's foreign trade sees growth in the first seven months of 2024
4 months, 1 week ago

Qingdao's foreign trade sees growth in the first seven months of 2024

China Daily  

An aerial view of Qingdao Port in Shandong province on Aug 5. In the first seven months of 2024, Qingdao's total import and export volume reached 516.61 billion yuan, marking a 1.2 percent year-on-year increase. Qingdao's exports amounted to 296.85 billion yuan, up 6.5 percent year-on-year, outpacing the provincial growth rate by 0.8 percentage points. Growth in general trade has …

Guangdong's imports and exports surge in July
4 months, 1 week ago

Guangdong's imports and exports surge in July

China Daily  

An overview of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone in Shenzhen, Guangdong province, Aug 23, 2023. South China's Guangdong province achieved a foreign trade volume of more than 800 billion yuan in July, up year-on-year by 15.5 percent, Guangdong Customs statistics revealed on Monday. Through the first seven months of the year, Guangdong achieved an export …

China's foreign trade up 6.2% in first 7 months
4 months, 2 weeks ago

China's foreign trade up 6.2% in first 7 months

China Daily  

China's total goods imports and exports expanded 6.2 percent year-on-year in the first seven months of this year to 24.83 trillion yuan, data from the General Administration of Customs showed on Wednesday. The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period, while imports climbed 5.4 percent to 10.57 trillion yuan, according to the administration. China's …

【双语财讯】今年前7个月我国货物贸易进出口增长6.2%
4 months, 2 weeks ago

【双语财讯】今年前7个月我国货物贸易进出口增长6.2%

China Daily  

据海关总署统计，2024年前7个月，我国货物贸易进出口总值24.83万亿元人民币，同比增长6.2%。其中，出口14.26万亿元，增长6.7%；进口10.57万亿元，增长5.4%。 China's total goods imports and exports expanded 6.2 percent year-on-year in the first seven months of this year to 24.83 trillion yuan, data from the General Administration of Customs showed on Wednesday. 8月7日，海关总署发布数据显示，2024年前7个月，我国货物贸易进出口总值24.83万亿元，同比增长6.2%。 The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period, while imports climbed 5.4 percent to 10.57 trillion yuan, according to the …

China's foreign trade up 6.2% in first 7 months
4 months, 2 weeks ago

China's foreign trade up 6.2% in first 7 months

China Daily  

By Wang Keju| chinadaily.com.cn| Updated :2024-08-09 China's total goods imports and exports expanded 6.2 percent year-on-year in the first seven months of this year to 24.83 trillion yuan, data from the General Administration of Customs showed on Wednesday. The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period, while imports climbed 5.4 percent to 10.57 trillion …

Export sector performance exceeds expectations
4 months, 2 weeks ago

Export sector performance exceeds expectations

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. China's export sector saw a better-than-expected performance in the first seven months of the year as overseas demand remained on a steady growth trajectory, fueled by the strong competitiveness of Chinese products across various sectors, officials and analysts said on Wednesday. Zhong Zhengsheng, chief economist at Ping …

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