News
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China’s non-financial ODI up 4.4 percent in Jan.-July
China’s non-financial outbound direct investment (ODI) reached 424.28 billion yuan in the first seven months of the year, up 4.4 percent year on year, official data showed Thursday. In U.S. dollar terms, the ODI rose 3.6 percent from a year ago to 65.06 billion dollars, according to the Min...Read more -
China vows to open its door wider to world
Efforts to propel high-quality growth underpin commitment, experts say. China’s latest commitment to expanding high-level opening-up is expected to reassure foreign investors of the nation’s promise to relentlessly open its door wider and share development dividends with the rest of t...Read more -
China extends anti-dumping tariffs on EU, UK steel fasteners imports
China’s commerce ministry said on June 28 it would extend anti-dumping tariffs on certain steel fasteners imported from the European Union and United Kingdom for five years. The anti-dumping tariffs will be imposed from June 29, the ministry said in a statement. The products concerned inclu...Read more -
China’s foreign trade up 9.4% in first half
China’s imports and exports increased by 9.4 percent year-on-year during the first half of 2022 to 19.8 trillion yuan ($2.94 trillion), according to latest Customs data released on Wednesday. The exports came in at 11.14 trillion yuan, surging 13.2 percent on a yearly basis, while the impor...Read more -
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Steel industry taps demand potential to seek development
In the first quarter, steel consumed by the construction and manufacturing sectors declined by 7 percent and 2 percent year-on-year, respectively, according to the CISA. “The industry achieved a balance between supply and demand in the first quarter. Although steel enterprises saw a year-on...Read more -
China’s foreign trade growth will support economic stability
China’s foreign trade grew by 7.9 percent to 12.58 trillion yuan ($1.88 trillion) in the first four months of 2022, official data showed on Monday. Exports over the period surged 10.3 percent year-on-year to 6.97 trillion yuan, while imports hit 5.61 trillion yuan, growing 5 percent on a ye...Read more -
Steel firms tap innovation to achieve carbon goals
Guo Xiaoyan, a publicity executive at Beijing Jianlong Heavy Industry Group Co, has found that an increasing part of her daily work centers on the buzz phrase “dual carbon goals”, which refers to China’s climate commitments. Since announcing that it would peak carbon dioxide emi...Read more -
Steel industry on path to get stronger
China’s steel industry is expected to run smoothly for the rest of the year with demand growth outpacing production growth, and steel demand to further increase thanks to policy support, according to authorities. The steel industry remained stable in China with consistent supply and steady ...Read more -
More support for foreign firms coming
China will continue higher-level opening-up to further improve services for foreign companies, so that they can grow and mitigate the COVID-19 pandemic impact, the Ministry of Commerce said on Thursday. Even though the COVID-19 pandemic has posed challenges to the global economy, particularly to ...Read more -
Steel and cement don’t reflect China’s growth story any more
China’s investment in the secondary industry grew by 16.1 percent year-on-year in the first quarter of this year, significantly higher than the 6.8 percent investment growth in the primary industry and 6.4 percent investment growth in the tertiary industry. In contrast steel and cement prod...Read more -
In the first four months, the total value of my country’s foreign trade import and export was 12.58 trillion yuan, a year-on-year increase of 7.9%
The General Administration of Customs announced today that in the first four months of this year, the total value of my country’s foreign trade imports and exports was 12.58 trillion yuan, a year-on-year increase of 7.9%. Among them, exports were 6.97 trillion yuan, a year-on-year increase ...Read more