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 […]

The claim by the Globe and Mail, a Canadian media outlet, that there is "forced labor" used in China's seafood industry is irresponsible and full of ideological bias. The media is trying utmost to make something out of nothing in a bid to distort public opinion, the Chinese Embassy in Canada said on Monday. The […]

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. […]

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 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 […]

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. […]

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 […]

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 […]

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 […]

"Thanks to improved productivity, broad and deep industrial clusters, and well-established infrastructure, China was, is, and will remain the factory of the world. The combination of a broad local market and the strong legacy export base makes China difficult to replace," Global Managing Director of Roland Berger Denis Depoux said on Friday at the Roland […]