China should dial down its “extreme” emphasis on national security and keep foreign companies in mind when crafting industrial policy to give them the incentive to expand their presence in its market, a US business lobby has said. In a 600-page document featuring numerous policy reviews and recommendations, the American Chamber of Commerce in China … Read more
China announced on Friday it would levy anti-dumping penalties of over 40 per cent on imports of a chemical from the United States used in foods, pesticides, pharmaceuticals and drug intermediates – a retaliation against similar action from Washington as tensions build in bilateral trade. Starting from Saturday, operators will be required to provide corresponding … Read more
The US Trade Representative’s (USTR) office also initiated a probe into China’s maritime, logistics and shipbuilding industries, alleging that Beijing used “unfair, non-market policies and practices” to dominate these sectors. Henry Gao, a law professor at Singapore Management University, said he would not be surprised if China imposes countermeasures against the proposed tariffs through countervailing … Read more
China’s economy grew at 5.3 per cent in the first quarter, making a stronger-than-expected start to the year even as the downturn of its property market continued while the domestic demand remained subdued. The GDP grew 5.3 per cent year on year to 29.63 trillion yuan (about USD 4.17 trillion) in the first three months … Read more
China pledged on Monday to treat foreign companies the same way as domestic peers in a bid to attract more foreign investment, cooperation and expertise, as Asia’s largest economy moves to upgrade and strengthen its industrial chains. “China will fully guarantee national treatment for foreign companies, so that more foreign companies can invest in China … Read more
“Market operation has its own rules and should not be interfered with under normal circumstances,” Wu said. 02:40 Chinese Premier Li Qiang delivers his first work report amid concerns about state of the economy Chinese Premier Li Qiang delivers his first work report amid concerns about state of the economy However, he added, “if the … Read more
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing in our spring flash sale. China’s finance and commerce ministers, as well as the heads of the People’s Bank of China, National Development and Reform Commission and China Securities Regulatory Commission, met the press … Read more
Beijing is angling to revive confidence in private entrepreneurs and foreign investors via a renewed campaign for a unified national market and better business environment – an essential task to fulfil its ambitious expansion target of around 5 per cent and ensure economic stability in 2024. In his maiden government work report on Tuesday, Premier … Read more
BEIJING: Chinese manufacturing activity expanded steadily as both production and new orders grew faster in February, pushing business confidence to a 10-month high even as firms remained cautious on hiring, a private-sector survey showed on Friday. The upbeat results, however, contrasted with an official survey released earlier in the day showing factory activity contracted for … Read more
China’s financial sector needs to focus on supporting the real economy and must refrain from “fake financial innovation”, state media has proclaimed amid a tightening of regulations as Beijing seeks to flex its financial might. In what is widely believed to be a warning against capital idling and speculative activities by banks and lending institutions, … Read more
