Greece: Ambassador participates in the 2023 Beijing Marathon

This year's 41st Beijing Marathon was held on October 29, and Greece, the cradle of the Marathon run, took part in the Beijing Marathon for the first time.  Greek Ambassador to China, Eugenios Kalpyris, was among the seven dignitaries who gave the signal for the start of the race at 7:30 am, at the Tiananmen […]

China's investments in high-tech industries surge 9.4% in first two months of 2024: NBS data

China's investment in high-tech industries in the first two months this year rose 9.4 percent year-on-year, with investment in high-tech manufacturing growing by 10 percent and high-tech services rising by 7.8 percent, Liu Aihua, a spokesperson for the National Bureau of Statistics (NBS), said on Monday, underscoring the nation's ramped-up efforts in propelling new quality […]

Nongfu Spring clarifies packaging controversy, stating it is based on China's architecture design, not Japan

Chinese bottled water giant Nongfu Spring responded on Thursday to the online controversy over the packaging design of its Oriental Leaf Green Tea drink, stating that the architectural pattern on the packaging is inspired by Chinese temples, not Japanese ones, and that the text on the bottle is about Japanese tea culture originating from China. […]

Government Work Report charts path toward building financial powerhouse

Chinese Premier Li Qiang on Tuesday delivered the Government Work Report to the second session of the 14th National People's Congress (NPC). It set a number of key economic goals, including setting this year's GDP growth rate at around 5 percent while outlining a clear blueprint for China's economic work this year.  I am impressed […]

China's private Caixin Manufacturing PMI up to 50.9 in February

China's private Caixin Manufacturing Purchasing Managers' Index (PMI) recorded a month-on-month expansion in February, pointing to robust business activities among small and private enterprises. The official manufacturing PMI, also released on Friday, indicated a better production outlook following the Chinese New Year holidays. As the first major economic barometer in February, the PMI showed that […]

Without China’s market, US-SK ‘industry alliance’ to lose luster

US Secretary of Commerce Gina Raimondo and Ahn Duk-geun, the South Korean minister for trade, industry and energy, held a telephone conversation on Tuesday. In their conversation, Ahn expressed willingness to enhance industrial cooperation with the US and called for more support over the Inflation Reduction Act (IRA), CHIPS Act subsidies and other trade issues. […]

MOFCOM blasts US’ trade report, urging Washington to stop bullying and smearing China

China's Commerce Ministry (MOFCOM) on Monday blasted the US government's distortion of facts by claiming that China's justified trade measures are "economic coercion," saying that China is firmly opposed to the US unilateralism and its bullying practice. Recently, the US Trade Representative Office published a report on China's WTO compliance, which denies China's achievements in […]

Nvidia’s naming of Huawei as top competitor in AI shows US crackdown against China has backfired: analysts

US chipmaker Nvidia has reportedly identified Chinese tech company Huawei as a top competitor in several categories including artificial intelligence (AI) chips, a move which industry observers said underscored the rapid climb-up of Chinese companies' tech prowess, fueled by their stepped-up research and development (R&D) investments and the explosive demand in homegrown markets. The naming […]

China’s top financial regulator vows more effort to support property market

Officials from the National Financial Regulatory Administration (NFRA) on Thursday vowed to step up effort to support the property sector and meet the reasonable financing demand of real estate companies.  Xiao Yuanqi, deputy director of NFRA, told a press conference on Thursday that the financial sector has an undeniable responsibility to provide strong support to […]