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  • China's hydrogen energy industry on fast track of development

    Fueled by a series of supporting measures, China's hydrogen energy market experienced thriving growth since the beginning of this year.


  • China's PV industry ushers into smart era with new possibilities and challenges

    Industry insiders believe that the PV industry will accelerate growth and become more intelligent with the deep integration of IT and advanced manufacturing, while also note that the industry is still faced with various challenges.


  • China's foreign currency deposit tops USD 1 trl, market entities show strong willingness in holding foreign currency

    China's balance of deposits in foreign currency hit record high of 1.0045 trillion U.S. dollars by the end of April this year, with an increase of 33.2 percent year on year, data from a financial statistic report released by the China's central bank recently.


  • China's Greater Bay Area attracts more talents in pace with accelerated integration

    As one of the regions with the highest degree of openness, the strongest economic vitality, and the leading international level in China, the Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area) accelerates its infrastructure construction and the flow of essential resources such as materials, funds, and information, and promotes its opening-up and sharing levels, entering a new phase of accelerated integration.


  • Foreign investors confident in Hainan's offshore duty-free industry on spurring consumption transformation and upgrading

    Against the backdrop of the global duty-free industry being greatly affected by the COVID-19 epidemic, the growth momentum of offshore duty-free sales in China's Hainan Province seems to be "an exception" as it becomes the strong driving force to win back national consumption and promote consumption upgrade.


  • CICPE strong booster for construction of Hainan int'l tourism consumption center

    The first China International Consumer Products Expo (CICPE) was concluded on May 10. The event was not only a showcase of global consumer products and the new opportunities in Chinese market, but also a booster for building Hainan into an international tourism consumption center and a window to the great potential of Hainan Free Trade Port (FTP).


  • How will RCEP agreement affect China's industrial development?

    China's domestic industries may have to face tougher market competition once the Regional Comprehensive Economic Partnership (RCEP) agreement formally takes effect, but over the long run, its entering into force in the future is helpful for these industries to grow new advantages in development, reported Economic Daily recently.


  • E-commerce boosts trade cooperation among B&R countries

    With the development of Silk Road e-commerce, consumers from home and abroad, enjoy the pleasure of "global shopping at home".


  • Hainan becomes investment magnet on stepped-up preferential policies

    China's southern island province of Hainan is growing into a magnet for investment with the release of more and more preferential policies.


  • Foreign capital inflows gather steam amid wider opening-up of China's bond market

    Foreign capital inflows into China's bond market gather steam in the first quarter of this year, as foreign institutions bought a total of 494.6 billion yuan of bonds in China's interbank market during the period, a year-on-year surge of 173.41 percent, according to China Foreign Exchange Trade System.


  • China expected to see strong economic growth in Q1 thanks to expanding domestic and foreign demand

    China is expected to see a faster economic recovery with its year-on-year growth rate of gross domestic product (GDP) likely to approach 20 percent or even exceed 20 percent for the first quarter of this year.


  • China steps closer towards national ETS, 2,225 power firms registered for phase-I trading

    China is stepping closer towards building a national emissions trading system (ETS) with the revised version of interim regulations on carbon emissions trading management drafted by the country's ecology and environment ministry starting soliciting public opinions from March 30.


  • Mass transport helps accelerate China's economic growth

    The extensive transport network in China is empowering all production factors at a faster speed, creating more time than any other economy to speed up the economic growth.


  • Major projects start first year of 14th Five-Year Plan period

    As the first year starting the 14th Five-Year Plan period (2021-2025), batches of major projects are being launched this year.


  • China's 5G development empowers thousands of industries with terminal connections exceeding 200 mln

    According to a report on China's mobile economic development recently released by the Global System for Mobile Communications Association (GSMA), China's 5G maintained a robust growth in 2020 and China became the world's largest 5G market, reported People's Daily Tuesday.


  • China's poverty alleviation experience contributes to global inclusive growth

    Despite the raging COVID-19 pandemic, China won the battle against poverty in the new era in 2020 as planned.


  • 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.


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