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  • CPTA's entry into force to largely reduce time and costs of customs clearance

    The Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific (CPTA), which entered into effect on February 21, will greatly lower the time and costs of customs clearance, said the Ministry of Commerce (MOC).


  • ​RMB international payments off to good start in 2021

    Renminbi (RMB), the Chinese currency, has embraced a good start in international payments in 2021.


  • "Dual-zone" model drives China-Hungary cooperation closer on economy and trade

    Trade between China and Hungary reached 11.69 billion U.S. dollars in 2020, registering a record high increase of 14.4 percent on year, with China for the first time standing out as Hungary's largest source of foreign investment.


  • China's manufacturing industry to embrace new development opportunities

    China's industrial added value above designated size in 2020 had a year-on-year increase of 2.8 percent, according to the data released by the National Bureau of Statistics (NBS) of China on January 18, 2021. Among them, the manufacturing industry had an annual growth rate of 3.4 percent and is expected to rank first in the world for 11 consecutive years.


  • China's consumption market to continue recovery amid better conditions

    China's retail sales, a proxy for consumption, amounted to 39.2 trillion, a year-on-year fall of 3.9 percent, according to the data released by the National Bureau of Statistics (NBS) on Monday.


  • Chinese home appliance makers speed up tapping into overseas markets

    Chinese home appliance manufacturers witnessed an overall surge of their revenues in overseas markets in 2020, with various products becoming best sellers.


  • ​Chinese economy expected to conclude steady in 2020

    China's economy is presenting a general trend of steady recovery, and many institutions predict that China's economic growth in 2020 might surpass 2 percent, with economic aggregate exceeding 100 trillion yuan.


  • China's four industries eye new opportunities in 2021 on fresh impetus

    Industry insiders predicted that four industries including semiconductor, automobile, new energy and environmental protection will get fresh impetus and maintain high prosperity in 2021.


  • China's cultural tourism industry expects 10-trln-yuan market under robust recovery

    From overall stagnation of the tourism industry to recovery of trans-provincial group tourism, from continuous rise of travel frequency to intensive signing of tourism investment and financing projects... In 2020, China's cultural tourism industry is facing a rapid recovery from the COVID-19 pandemic.


  • China's short video industry accelerates development amid epidemic

    The outbreak of COVID-19 epidemic in 2020 has brought a huge impact to many industries, but China's short video industry bucks the trend, achieving robust development amid the epidemic.


  • China's "dual circulation" powers foreign investors' development

    "Dual circulation" means more opportunities and greater market space. With the expansion of domestic demand, domestic and foreign enterprises will have greater market demand, and the continuously improved business environment will also benefit their development.


  • China-Europe freight train service contributes to stability of global freight amid COVID-19 epidemic

    International transportation has been severely affected by COVID-19 epidemic since the beginning of this year, the China-Europe freight train service has played a pivotal role in land transportation, serving as a channel of life and bond connecting all, said Chinese Foreign Ministry spokesperson Zhao Lijian at a routine press briefing held on September 10, 2020.


  • China's culture and tourism industry faces new development opportunities amid COVID-19

    The rise of new models including "cloud economy" and "smart tourism", as well as a strong rebound of domestic tourism under the regular epidemic prevention and control have brought new opportunities for the development of China's culture and tourism industry.


  • China's online education ushers in golden dev. period, upgrading and reform necessary in post-epidemic era

    Affected by the COVID-19 epidemic at the beginning of this year, China's Ministry of Education has encouraged schools to provide internet lessons to keep millions of students occupied in light of the suspension of classes. Online education has been quickly proliferating across the nation and ushered in a golden development period. However, under the post-epidemic period, it is necessary for online education to upgrade and reform in a bid to achieve a sustained development.


  • China's culture, tourism consumption to embrace a rapid recovery on favorable policies

    Recently, promotion events to stimulate consumption in the culture and tourism industry have been staging in many regions of China where hundreds of activities and featured products have been presented and favorable policies and consumption vouchers have been introduced.


  • China's import and export volume records high to show strong resilience of foreign trade

    Since the beginning of 2020, China has focused on stabilizing foreign trade while working on COVID-19 epidemic prevention and control and achieved positive results including a reappeared stable growth of China's import and export which is better than expected, according to China's Ministry of Commerce.


  • China's snack industry turns digitalized, offers healthier food

    China's snack industry is turning digitalized, as snack producers are steering toward digitalization by increasing their investment in online plus offline channels.


  • ​Singles' Day shopping festival boosts new consumption business, model

    The Singles' Day shopping festival in China this year has seen multiple new consumption scenarios and models which show the great potential and resilience, and strong vitality of the Chinese economy, reported Economic Daily Wednesday.


  • China sees growth in foreign trade and investment

    In the first three quarters of 2020, China has made remarkable achievements in foreign trade and economic corporation, showed by the steady recovery curves quarter by quarter and the cumulative growth rate from negative to positive.


  • Global investors snap up Chinese bonds

    With a market size exceeding 100 trillion yuan, China's bond market is the second largest bond market in the world. As China opens its bond market wider to the world, global investors are attracted to make investment in the market.


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