By: Kevin Yao, Yawen Chen A woman works on a production line manufacturing paper tableware at a factory in Hangzhou, Zhejiang province, China January 21, 2019 China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest in nearly three decades and pressuring […] Read more
Chinese President Xi Jinping said building transportation infrastructure is vital to China’s economic development. Xi made the remark on Thursday when he visited Tianjin Port during his inspection to Tianjin Municipality. “Economy is the top priority in developing a country, and to achieve economic progress, building transportation infrastructure comes first,” Xi said. Chinese President Xi […] Read more
The President of Equatorial Guinea Teodoro Obiang Nguema met with visiting Chinese President Xi Jinping’s special representative Yang Jiechi on Thursday, both sides pledging to strengthen bilateral cooperation. Yang, also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and director of the Office of the Foreign Affairs Commission […] Read more
By Xinhua Premier Li Keqiang said Thursday that China will be able to keep economic growth within a reasonable range, despite greater difficulties this year, by innovating and improving macro-control. Li, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks when presiding over […] Read more
By: Xinhua The booth of Xuzhou Construction Machinery Group at the Bauma China International Trade Fair in Shanghai. Sales of major heavy equipment including digging machines and loaders witnessed double-digit growth in China last year, pointing to improving vitality in the broader economy. Lyu Ying, deputy secretary general of the China Construction Machinery Association, said the […] Read more
Huawei would never allow China’s government to access customer data, even if Beijing requested it, the CEO and founder of the company repeatedly emphasized Tuesday, amid continued political pressure on the Chinese technology giant. In a rare sit down with international media, Ren Zhengfei addressed concerns raised by the U.S. government, which has warned that […] Read more
Having exchanged in-depth views on trade and other economic issues, the Chinese and US delegations finally wrapped up their discussions on Wednesday, with both sides agreeing to continue to keep close contact with a view to ultimately solving their differences. The talks, which were extended for an unscheduled third day on Wednesday, having already continued […] Read more
China’s current economic growth is likely below the 6 percent level amid faltering domestic demand, an economist said Tuesday. Recent signals about the world’s second-largest economy point to weaker growth, including tech giant Apple recently lowering revenue guidance for the first quarter as it blamed a variety of factors including Chinese demand. And, on Monday, […] Read more
China’s current economic growth is likely below the 6 percent level amid faltering domestic demand, an economist said Tuesday. Recent signals about the world’s second-largest economy point to weaker growth, including tech giant Apple recently lowering revenue guidance for the first quarter as it blamed a variety of factors including Chinese demand. And, on Monday, […] Read more
Ma Xuejing/China Daily The individual income tax reform allowing special deductions for children’s education, continuing self-education, treatment of serious diseases, housing mortgage interest, housing rent and support for senior citizens that came into effect on Jan 1 is a key step toward changing China’s individual income tax system from classified to comprehensive tax collection. The […] Read more
