China News

China Stands Firm: Vows to Protect National Interests Amid Trump's Tariff Threat

China reaffirms its commitment to protect national interests following President Trump's announcement of a 10% tariff on Chinese imports, citing concerns over fentanyl trafficking....

China Advocates for Global AI Collaboration to Empower Developing Nations

At the World Economic Forum, China's Vice Premier Ding Xuexiang called for global collaboration in AI and digital infrastructure to support developing countries, emphasizing the ne...

China's Central Bank Holds Steady: Key Interest Rates Remain Unchanged Amid Economic Shifts

The People's Bank of China has kept its benchmark interest rates unchanged, with the 1-year and 5-year Loan Prime Rates remaining steady at 3.10% and 3.60%, respectively. This deci...

China Implements New Restrictions to Halt Apple and BYD's Manufacturing Shift Amid Trade Tensions

China is tightening controls on the movement of employees and equipment for high-tech manufacturing to India and Southeast Asia, affecting companies like Apple and BYD. This strate...

China's Industrial Sector Surges: December Production Jumps by 6.2%

China's industrial production witnessed a 6.2% increase in December, outperforming expectations and the previous month's growth, as per the National Bureau of Statistics. This grow...

China Launches Probe into US Semiconductor Subsidies Amid Trade Tensions

China's Commerce Ministry is investigating US subsidies for mature semiconductors, following complaints from Chinese businesses about unfair competition. Additionally, preliminary ...

China's Automotive Market Surges: A 4.5% Increase in Sales for 2024

In 2024, China's automotive market saw a 4.5% increase in vehicle sales, reaching 31.43 million units. New energy vehicles led with a 35.5% growth, highlighting the sector's rapid ...

China's Trade Surplus Soars to $104.84 Billion in December, Exceeding Expectations

China's trade surplus rose to $104.84 billion in December, exceeding expectations with a 10.7% increase in exports and a 1% rise in imports compared to the previous year, as report...

China Launches $11 Billion Consumer Trade-In Initiative to Boost Economic Growth in 2025

China introduces an $11 billion consumer trade-in scheme in 2025 to boost economic growth, focusing on home appliances and electronics. The initiative aims to revive household spen...

China's Central Bank Halts Treasury Bond Purchases Amid Low Supply

The People's Bank of China has announced a temporary halt to treasury bond purchases due to low supply, with plans to resume based on future market conditions.

China's Service Sector Shows Robust Growth in December, Surpassing Expectations

China's service sector expanded in December, with the Caixin China General Services Business Activity Index reaching 52.2, surpassing expectations. However, overseas demand decline...

China's Central Bank Vows to Ensure Ample Liquidity for Sustained Economic Growth

The People's Bank of China is focusing on maintaining ample liquidity and enhancing monetary policy tools to support economic growth. Plans include increasing money and credit supp...

China Unveils Plan to Ramp Up Economic Growth with Increased Ultra-Long Treasury Bonds in 2025

China plans to significantly increase funding from ultra-long treasury bonds in 2025 to stimulate economic growth, focusing on subsidy programs for durables and large-scale equipme...

China Dominates Global Electric Vehicle Market with Record 70% Sales Share

China has solidified its position as the global leader in the new-energy vehicle (NEV) market, accounting for 70% of worldwide sales from January to November 2024. This achievement...

China Imposes Export Restrictions on 28 US Defense and Aerospace Giants

China has added 28 US companies, including major defense and aerospace firms, to its export control list to safeguard national security and comply with international non-proliferat...

China's Manufacturing Sector Shows Slower Growth in December as PMI Dips to 50.5

China's manufacturing sector experienced a slower growth in December, as indicated by the PMI dropping to 50.5. Despite a third month of improvement, external demand weakened, and ...

China's Manufacturing PMI Slightly Dips to 50.1 in December: A Detailed Insight

China's manufacturing PMI slightly decreased to 50.1 in December, while the non-manufacturing PMI improved to 52.2. The composite PMI also rose, indicating a positive economic tren...

China's Central Bank Governor Signals Potential Interest Rate Cuts Amid Economic Adjustments

PBoC Governor Pan Gongsheng suggests there is room for interest rate adjustments within the current monetary policy, while emphasizing a cautious approach to avoid yuan depreciatio...

China Escalates Tensions: New Sanctions on US Firms for Taiwan Arms Sales

China has announced new sanctions against seven US military firms and executives involved in arms sales to Taiwan, in response to the US's increased military assistance to Taiwan t...

China Prolongs Anti-Dumping Investigation on EU Brandy Until 2025

China has extended its anti-dumping investigation into EU brandy until April 2025, citing the complexity of the case. This decision follows Beijing's tariffs on European brandy, a ...

China's Central Bank Maintains Steady Key Interest Rates: What's the Impact?

The People's Bank of China (PBoC) has maintained its key interest rates, with the one-year Loan Prime Rate (LPR) at 3.1% and the five-year LPR at 3.6%, aligning with analysts' expe...

China's Antitrust Regulators to Intensify Scrutiny on US Tech Deals Amid Rising Tensions

China's antitrust regulators are set to intensify investigations into US tech deals in response to escalating US export restrictions, with potential reviews of Synopsys' acquisitio...

China's Industrial Output Surges: A Closer Look at November's Growth

China's industrial production grew by 5.4% in November year-on-year, with notable increases in mining, manufacturing, and new-energy vehicles.

China's Retail Sales Surge: A 3% Boost in November Amid Economic Resilience

China's retail sales saw a 3% increase in November, highlighting the country's economic resilience and steady recovery of consumer confidence.

China's Monetary Policy Shift: Looser Policy and Enhanced Fiscal Support in 2025

China's Politburo announces a shift to a 'moderately loose' monetary policy and a more proactive fiscal approach in 2025, aiming to boost economic consumption, stabilize the real e...

China's Trade Surplus Soars to $97.44B in November: A Closer Look

China's trade surplus rose to $97.44 billion in November, up from $95.27 billion in October, surpassing expectations. Exports increased by 6.7% in dollar terms, while imports decli...

China's Trade Surplus Hits Record High in November: What's Driving the Surge?

China's trade surplus surged to $97.44 billion in November, up from $95.27 billion in October, surpassing expectations. Exports increased by 6.7% and imports declined by 3.9% year-...

China's Monetary Policy Shift: Looser Policy and Proactive Fiscal Approach in 2025

China's Politburo announces a shift to a "moderately loose" monetary policy and a more proactive fiscal approach in 2025, aiming to boost economic consumption and stabilize the rea...

China's Trade Surplus Hits Record High in November: What's Behind the Surge?

China's trade surplus reached a record high of $97.44 billion in November, up from $95.27 billion in October, surpassing market expectations. Exports grew by 6.7% in dollar terms, ...

China's Inflation Rate Dips to 0.2% in November: A Closer Look

China's annual inflation rate for November was reported at 0.2%, a slight decrease from the 0.3% recorded in the previous month. Consumer prices declined by 0.6% on a monthly basis...

China's Car Sales Surge in November: A Closer Look at the Numbers

China's passenger vehicle sales in November reached 2.45 million units, up 7.2% monthly and 16.6% annually. NEVs accounted for 52.3% of all cars sold, with NEV sales rising 5.9% co...

China's Inflation Rate Dips to 0.2% in November: What Does This Mean for the Economy?

China's annual inflation rate dropped to 0.2% in November, down from 0.3% in October, according to the National Bureau of Statistics. Consumer prices fell by 0.6% on a monthly basi...