Foreign firms rosy on Chinese market
1 year, 3 months ago

Foreign firms rosy on Chinese market

China Daily  

Visitors interact with staff members of the embassy of Ghana in China on Sunday at a cultural event put up by countries involved in the Belt and Road Initiative during the 2023 China International Fair for Trade in Services in Beijing. ZOU HONG/ CHINA DAILY Confidence boosted by country's further opening-up of services sector President Xi Jinping's call to further open up the services sector and enhance global cooperation to propel global economic recovery, as well as to develop new technologies and business forms and models, has boosted the confidence of foreign businesses, said executives and experts. As the world's second-largest economy heads toward a development path driven by greater openness, cooperation and innovation in its services sector, executives of foreign companies are optimistic about the massive opportunities provided by China's huge market and its enabling business climate. In the first seven months of the year, China's trade in services maintained stable growth, with its total value reaching 3.67 trillion yuan, up 8.1 percent year-on-year, according to the Ministry of Commerce. Norman Sze, vice-chair of Deloitte China, said at the trade in services fair that President Xi's remarks demonstrated China's unwavering confidence and determination in promoting profound reforms through high-level openness and in further expediting a new development pattern.

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History of this topic

Expanding high-level opening-up benefits China and world
Trending News
3 days, 23 hours ago

Expanding high-level opening-up benefits China and world

China Daily  

The National Immigration Administration announced on Tuesday that as of that day it would relax and optimize the transit visa-free policy, extending the stay period of foreigners with transit visa-free status from the original 72 hours or 144 hours to 240 hours. As the world's second-largest economy, China is committed to promoting economic globalization and international cooperation through unilateral opening-up, …

Expanding high-level opening-up benefits China and world
Trending News
3 days, 23 hours ago

Expanding high-level opening-up benefits China and world

China Daily  

A traveler from Poland takes photos at the Yuyuan shopping center in Shanghai on Dec 4. As the world's second-largest economy, China is committed to promoting economic globalization and international cooperation through unilateral opening-up, which is also conducive to promoting its own high-quality development and the building of an open economy. Expanding unilateral opening-up is also China's consistent policy toward …

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

Services, consumption key to China's growth
3 weeks, 3 days ago

Services, consumption key to China's growth

China Daily  

JIN DING/CHINA DAILY Editor's note: At the China-US People's Dialogue, co-hosted by the National Committee on US-China Relations and Tsinghua University's Center for International Security and Strategy, last week, Zhu Min, former deputy-managing director of the International Monetary Fund and former vice-president of the People's Bank of China, shared his insights on the future of China's economy. By aiming for …

Door opened wider for foreign-invested businesses
3 weeks, 4 days 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
3 weeks, 5 days 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
3 weeks, 5 days 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
3 weeks, 5 days 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, …

Opening-up brings opportunities for foreign enterprises and talents
1 month, 2 weeks ago

Opening-up brings opportunities for foreign enterprises and talents

China Daily  

This photo taken on Nov 4, 2024 shows the National Exhibition and Convention Center, the main venue for the 7th China International Import Expo which will be held from Nov 5 to 10, in East China's Shanghai. They said China's further efforts to deepen reform, expand opening-up, and promote high-quality development will bring more development opportunities to all enterprises, including …

China Embraces Foreign Investment in Telecoms, Boosting Market Competition and Digital Development
1 month, 3 weeks ago

China Embraces Foreign Investment in Telecoms, Boosting Market Competition and Digital Development

China Daily  

China launches a pilot project to open up value-added telecommunication services to the outside world, allowing foreign capital to operate telecom services such as internet data centers. This move is intended to stimulate market competition and share China's digital development opportunities with other countries.

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. …

Seize the opportunity to enhance 'gold content' of trade in services
3 months ago

Seize the opportunity to enhance 'gold content' of trade in services

China Daily  

This photo taken on Sept 11 shows a view of the China National Convention Center in Beijing. As an important platform for promoting cooperation in the service industry and trade in services, the China International Fair for Trade in Services, since its inception in 2012, has gained increasing worldwide attention and influence. The central authorities recently made an overall policy …

Seize the opportunity to enhance 'gold content' of trade in services
3 months ago

Seize the opportunity to enhance 'gold content' of trade in services

China Daily  

This photo taken on Sept 11 shows a view of the China National Convention Center in Beijing. As an important platform for promoting cooperation in the service industry and trade in services, the China International Fair for Trade in Services, since its inception in 2012, has gained increasing worldwide attention and influence. The central authorities recently made an overall policy …

Booming service trade injects vitality into China's high-quality development
3 months ago

Booming service trade injects vitality into China's high-quality development

China Daily  

This photo taken on Sept 11 shows a view of the China National Convention Center in Beijing. BEIJING -- Amid the rising trend of anti-globalization and trade protectionism, the 2024 China International Fair for Trade in Services signals China's firm commitment to high-quality development and opening up. During the past decade, the average annual growth rate of service trade stood …

Global businesses eye more opportunities as China embraces service trade surge
3 months, 1 week ago

Global businesses eye more opportunities as China embraces service trade surge

China Daily  

Xinhua | Updated: 2024-09-16 17:25 People visit the booth of the Peruvian embassy to China at the China International Fair for Trade Services, which opened in Beijing on Sept 12, 2024. WANG JING/CHINA DAILY BEIJING - At the 2024 China International Fair for Trade in Services, dazzling products from the global service sector featuring state-of-the-art green and smart technologies captivated …

China to expand trade in services within APAC, boost openness
3 months, 1 week ago

China to expand trade in services within APAC, boost openness

China Daily  

The skyline of Beijing. Fueled by a galloping services sector, digital technologies and industrial chain advantages, China's trade in services is set to become a key driver in supporting economic growth in the Asia-Pacific region and attracting foreign investment, said economists and business leaders on Friday. China will increasingly engage in services trade within the Asia-Pacific region through abundant high-quality …

China to expand trade in services within APAC, boost openness
3 months, 1 week ago

China to expand trade in services within APAC, boost openness

China Daily  

The skyline of Beijing. Fueled by a galloping services sector, digital technologies and industrial chain advantages, China's trade in services is set to become a key driver in supporting economic growth in the Asia-Pacific region and attracting foreign investment, said economists and business leaders on Friday. China will increasingly engage in services trade within the Asia-Pacific region through abundant high-quality …

Foreign firms enthusiastic about opening-up progress
3 months, 1 week 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 …

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 …

China's services outsourcing industry reports rapid growth in 2013-23 period
3 months, 1 week ago

China's services outsourcing industry reports rapid growth in 2013-23 period

China Daily  

BEIJING -- China's services outsourcing industry has witnessed continuous rapid growth in recent years, becoming an important engine driving the country's services exports, official data showed on Tuesday. In 2023, the executed contract value of offshore services outsourcing totaled $151.4 billion, which was a year-on-year increase of 10.6 percent and accounted for 40 percent of China's overall services exports in …

Steps to bolster service trade
4 months ago

Steps to bolster service trade

China Daily  

Tourists enjoy a seaside barbecue at Zaihaiyifang Park in Lianyungang, Jiangsu province, Aug 16, 2024. China will accelerate the development of trade in services as part of its efforts to expand high-level opening-up and foster new drivers for foreign trade growth, the State Council, the country's Cabinet, said on Monday. In a move to bolster its service trade capabilities, China …

Steps to bolster service trade
4 months ago

Steps to bolster service trade

China Daily  

Tourists enjoy a seaside barbecue at Zaihaiyifang Park in Lianyungang, Jiangsu province, Aug 16, 2024. China will accelerate the development of trade in services as part of its efforts to expand high-level opening-up and foster new drivers for foreign trade growth, the State Council, the country's Cabinet, said on Monday. In a move to bolster its service trade capabilities, China …

Steps to bolster service trade
4 months ago

Steps to bolster service trade

China Daily  

China Daily| Updated :2024-08-20 Tourists enjoy a seaside barbecue at Zaihaiyifang Park in Lianyungang, Jiangsu province, Aug 16, 2024. China will accelerate the development of trade in services as part of its efforts to expand high-level opening-up and foster new drivers for foreign trade growth, the State Council, the country's Cabinet, said on Monday. In a move to bolster its …

Steps to bolster service trade
4 months ago

Steps to bolster service trade

China Daily  

Tourists enjoy a seaside barbecue at Zaihaiyifang Park in Lianyungang, Jiangsu province, Aug 16, 2024. China will accelerate the development of trade in services as part of its efforts to expand high-level opening-up and foster new drivers for foreign trade growth, the State Council, the country's Cabinet, said on Monday. In a move to bolster its service trade capabilities, China …

China further relaxes foreign investment restrictions, vows to promote services trade
4 months ago

China further relaxes foreign investment restrictions, vows to promote services trade

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. BEIJING -- An executive meeting of the State Council, presided over by Premier Li Qiang on Monday, reviewed and approved four documents, discussed policy measures to support the high-quality development of innovative small and medium-sized enterprises, and approved five nuclear power projects. The meeting stressed that …

Services seen as bright spot for economy
4 months, 1 week ago

Services seen as bright spot for economy

China Daily  

Tourists visit a cultural block in Xiangyang, Hubei province, June 10, 2024. Amid the sustained recovery in consumer spending, China has employed an array of policy measures to foster greater openness within the services sector, as the country aims to further boost consumption by improving the provision of more quality services, officials and experts said on Friday. To further bolster …

High-level opening-up to benefit other nations
4 months, 2 weeks ago

High-level opening-up to benefit other nations

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. And the fact that the recent third plenary session of the 20th Central Committee of the Communist Party of China has vowed to promote "high-standard opening-up" means a vast range of new opportunities will be created for other countries, especially developing countries, including Brazil. While the …

High-level opening-up to benefit other nations
4 months, 2 weeks ago

High-level opening-up to benefit other nations

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. And the fact that the recent third plenary session of the 20th Central Committee of the Communist Party of China has vowed to promote "high-standard opening-up" means a vast range of new opportunities will be created for other countries, especially developing countries, including Brazil. While the …

Country will open door wider as it remains committed to higher standard opening-up: China Daily editorial
5 months ago

Country will open door wider as it remains committed to higher standard opening-up: China Daily editorial

China Daily  

The Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization approved by the third plenary session of the 20th CPC Central Committee upon its conclusion in Beijing on Thursday sends a clear message that China will not give up eating for fear of choking. As set out in the …

China to continue pursuing high-standard opening-up
5 months ago

China to continue pursuing high-standard opening-up

China Daily  

China will staunchly adhere to international economic and trade rules and steadily expand institutional opening-up, in order to develop new institutions for a higher-standard open economy and translate its vast market into a significant opportunity for the world, a senior official said on Friday. Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic …

Efforts to draw more foreign investment
5 months ago

Efforts to draw more foreign investment

China Daily  

chinadaily.com.cn| Updated :2024-07-17 Policies aim to boost confidence as complex global landscape hinders inflow of capital China is set to intensify its efforts to attract and harness foreign investment, with a specific focus on removing market access restrictions in the manufacturing industry and introducing pilot measures to expand the opening-up of the service sector. China's increasing economic growth, large consumer …

Efforts to draw more foreign investment
5 months ago

Efforts to draw more foreign investment

China Daily  

Policies aim to boost confidence as complex global landscape hinders inflow of capital China is set to intensify its efforts to attract and harness foreign investment, with a specific focus on removing market access restrictions in the manufacturing industry and introducing pilot measures to expand the opening-up of the service sector. China's increasing economic growth, large consumer base and technological …

Efforts to draw more foreign investment
5 months ago

Efforts to draw more foreign investment

China Daily  

Policies aim to boost confidence as complex global landscape hinders inflow of capital China is set to intensify its efforts to attract and harness foreign investment, with a specific focus on removing market access restrictions in the manufacturing industry and introducing pilot measures to expand the opening-up of the service sector. China's increasing economic growth, large consumer base and technological …

Countries must be broad-minded so world can better tap potential of tech and green frontiers
5 months, 4 weeks ago

Countries must be broad-minded so world can better tap potential of tech and green frontiers

China Daily  

An aerial drone photo taken on June 24, 2024 shows the Dalian International Conference Center, venue of the 2024 Summer Davos, in Dalian, Northeast China's Liaoning province. The attention the world is paying to the three-day 15th Annual Meeting of the New Champions, also known as the Summer Davos, which opened in Dalian, Liaoning province, on Tuesday, reflects the international …

Reform and opening-up indispensable in pursuit of high-quality development
8 months, 3 weeks ago

Reform and opening-up indispensable in pursuit of high-quality development

China Daily  

A view of Shanghai's Lujiazui area in July 2021. Facing the unfavorable factors restricting high-quality development, and the bottlenecks and obstacles hindering economic recovery, the nation must further deepen reform and form a new type of production relations that are compatible with the development of new quality productive forces. Although economic globalization is currently encountering setbacks, with "decoupling" and "de-risking" …

Endowed with confidence
9 months, 1 week ago

Endowed with confidence

China Daily  

WANG XIAOYING/CHINA DAILY China should enhance its appeal to foreign investment by establishing a law-based and internationalized business environment Utilizing foreign investment is a key aspect of China's opening-up drive. To build a first-class business environment, it is necessary for China to ensure fair competition and access to infrastructure and various production factors needed by foreign-invested enterprises, and fully unleash …

High-quality development remains top priority for country in new era: China Daily editorial
9 months, 2 weeks ago

High-quality development remains top priority for country in new era: China Daily editorial

China Daily  

Robots seen on the assembly line of automaker FAW Group in Changchun, Jilin province. Abroad, geopolitical headwinds seriously disrupted the country's reach to international markets; at home, the private sector lost steam, the real estate market remained in dire straits, and domestic consumption appeared lackluster. In spite of the pessimism surrounding the state of the Chinese economy and its near-term …

China eyes higher-level opening-up through cooperative platform
9 months, 3 weeks ago

China eyes higher-level opening-up through cooperative platform

China Daily  

With a higher level of openness, China is playing an increasingly important role in promoting international cooperation and mutual benefits amid global headwinds, said experts on Friday. Against the backdrop of escalating geopolitical conflicts, rising protectionism, and unilateralism in the fragmented world economy, advancing cooperation and realizing mutual benefit through further opening up remains a key topic of discussion, said …

Foreign-funded companies laud full opening-up in manufacturing
1 year, 1 month ago

Foreign-funded companies laud full opening-up in manufacturing

China Daily  

Employees work on the smart production line of a foreign-funded electronics enterprise in Rongcheng, Shandong province. LI XINJUN/FOR CHINA DAILY Executives of foreign businesses have reaffirmed their resolve to ramp up investment in China, following the country's decision to remove all restrictions on foreign investment in the manufacturing sector. Sharing similar views, James Han, president for China unit of Wartsila …

Fair shows confidence in opening up service sector
1 year, 3 months ago

Fair shows confidence in opening up service sector

China Daily  

People visit the 2023 China International Fair for Trade in Services at China National Convention Center in Beijing, capital of China, Sept 4, 2023. Offline exhibitors at the fair included more than 500 of the world's Top 500 and leading enterprises, covering most major service sectors and countries and regions strong in service trade. At this service trade fair, China …

China's vibrant drive for greater trade liberalization invigorates global services trade
1 year, 3 months ago

China's vibrant drive for greater trade liberalization invigorates global services trade

China Daily  

Visitors learn about a new vehicle of Tesla during the 2023 China International Fair for Trade in Services at China National Convention Center in Beijing, capital of China, Sept 3, 2023. BEIJING -- China has long been wedded to bolstering services trade across the world, viewing it as a key component in the country's growth strategy and international cooperation. In …

China's vibrant drive for greater trade liberalization invigorates global services trade
1 year, 3 months ago

China's vibrant drive for greater trade liberalization invigorates global services trade

China Daily  

Visitors learn about a new vehicle of Tesla during the 2023 China International Fair for Trade in Services at China National Convention Center in Beijing, capital of China, Sept 3, 2023. BEIJING -- China has long been wedded to bolstering services trade across the world, viewing it as a key component in the country's growth strategy and international cooperation. In …

China making its mark in global services trade
1 year, 5 months ago

China making its mark in global services trade

China Daily  

A view of Beijing's CBD area on Aug 19, 2022. The value of the country's trade in services grew by 9.1 percent on a yearly basis to 2.08 trillion yuan in the first four months, said the Ministry of Commerce. Experts said that segments like human capital-intensive services, knowledge-intensive services and travel services — education, tourism, aircraft and vessel maintenance, …

Xi reassures foreign firms on opening-up
1 year, 8 months ago

Xi reassures foreign firms on opening-up

China Daily  

Message to development forum says nation to create opportunities for world China will steadily expand institutional opening-up with regard to rules, regulations, management and standards, and will work with all countries and parties to share opportunities arising from it, President Xi Jinping said on Sunday. In a congratulatory letter sent to the China Development Forum 2023, Xi said China will …

Nation set to advance high-level opening-up
2 years, 2 months ago

Nation set to advance high-level opening-up

China Daily  

China will release the sixth list of major foreign investment projects and further expand the 2022 industry catalog of sectors encouraging foreign investment as part of its latest efforts to advance high-level opening-up, a senior government official said on Monday. The moves are part of China's broader efforts to further unleash the potential of foreign investment while upholding true multilateralism …

Xi hails role of CIFTIS as key platform
2 years, 3 months ago

Xi hails role of CIFTIS as key platform

China Daily  

President Xi Jinping reaffirmed on Wednesday China's commitment to working with different nations in practicing true multilateralism and jointly promoting the growth of a service economy that is open and ensures shared benefits. China has adhered to promoting high-quality development with high-level opening up, kept widening its market access in the services sector and lifted the level of opening-up for …

Bolder reforms to strengthen nation's market
2 years, 9 months ago

Bolder reforms to strengthen nation's market

China Daily  

Cargos are unloaded from a container ship at the container terminal of the Lianyungang Port in East China's Jiangsu province, on Jan 14, 2021. Execs, analysts, economists expect steps will benefit local and foreign biz China is poised to take bolder steps to accelerate building a strong and highly efficient domestic market, analysts and business executives said. "Strong leadership of …

Innovation to drive China's development
3 years, 9 months ago

Innovation to drive China's development

China Daily  

Workers weld at a workshop of an automobile manufacturing enterprise in Qingzhou city, East China's Shandong province, Feb 28, 2021. Xu's estimates came after China set major targets and tasks for economic and social development during the 14th Five-Year Plan period, with a key focus on fostering high-quality growth and boosting innovation-driven development. "In fact, China's future development will benefit …

Opening-up efforts to be intensified
4 years, 3 months ago

Opening-up efforts to be intensified

China Daily  

Photo taken on Sept 19, 2019 shows a view of US retail giant Costco Wholesale's first brick-and-mortar store in East China's Shanghai. Ministry: Foreign investment will be further increased in many industries China is making concerted efforts to revise the catalog of industries to encourage foreign investment and further promote opening-up, and accelerate the construction of a new open economy …

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