Beijing has announced 300 billion-yuan in funds to help clear excess housing inventory, as well as measures to ensure developers have access to financing and that homes are delivered on time.
He Lifeng stressed the need to ‘carry on the battle’ to surmount the risks that unfinished and unconstructed homes represent, as the health of the property market is tied closely to social wellness and economic development.
China’s property investment fall accelerated in the first four months of the year, while retail sales growth slowed in April, data released on Friday showed.
The visa-policy easing is expected to boost tourism that has yet to fully rebound since the pandemic, and the move could also give local economies a jolt.
Policy aims to stop Washington and its allies falling behind rivals in the tech race in a move that appears to be aimed at Beijing.
Scientist defends collaboration with Wuhan lab as yielding ‘direct public health benefits’ for the US, with virus work saving ‘countless lives’.
But American treasury secretary says the policy option is something Washington ‘would be prepared to use if necessary’.
Intellectual property protection infringements along with technology transfer, counterfeiting and other concerns cited.
Stunted economic growth on mainland and Sino-American political challenges weighed on 2023 decline led by agricultural and semiconductor shipments.
The electric version of the motorised cargo tricycle, long used in China, has drawn interest in the United States after a social media account showed one in Dearborn, Michigan.
Taiwanese firm set to get US$6.6 billion in grants and as much as US$5 billion in loans to help build factories as Washington vies for chip prominence.
Seeking economic opportunity, Chinese merchants build bustling wholesale markets, sell Made in China goods and deal with occasional resistance from Mexican vendors.
Washington fears that Chinese cars may be able to come over the southern border with zero tariffs under the United States-Mexico-Canada Agreement.
Setting up shop in Mexico helps avoid US tariffs, but Chinese companies still must confront major concerns about labour costs, profitability and cultural differences.
‘Constructive’ conversation took place arranged around priorities that American leader ‘holds so seriously’, says national security spokesman.
Two leaders described as holding ‘a candid and in-depth exchange of views’, although Xi slammed Biden’s ‘endless stream of measures to suppress’ advanced technology transfer.
Influential congressional figures also looking at expediting legislation to strip the city’s American-based trade offices of special privileges.
DHL Global Connectedness Report sees shift as ‘less a decoupling and more a reduction of what had previously been an unusually high level of integration’.
Bipartisan support on show amid concern ‘every bit of value flowing’ to companies in the industry ‘will be used to strengthen the CCP and the PLA’.
The legislation gives China’s ByteDance six months to divest TikTok or the short video app would face a US ban.
New push by American lawmakers would give TikTok parent company ByteDance 165 days to divest, else the popular app would no longer be available on app stores.
Li Qiang tells delegation led by US Chamber of Commerce head that Washington’s ‘small yard, high fence’ approach to trade with China is not in either side’s interest.
Wang Wentao speaks with Katherine Tai on the sidelines and delivers Beijing’s ‘solemn concerns’ about Taiwan and tariffs, according to a Commerce Ministry statement.
Seventeen companies in mainland China or Hong Kong are named among more than 500 Russia-related sanctions; White House says they also aim to hold Moscow accountable for death of Alexei Navalny.
Wang and Blinken speak on the sidelines of the Munich Security Conference, which is overshadowed by the announcement of the death of Russian opposition leader Alexei Navalny in a maximum-security prison.
Multinationals still want to invest, Joerg Wuttke, president emeritus of the European Union Chamber of Commerce in China, says, but obstacles include overcapacity in manufacturing and a lack of candour from top leadership.
House panel rues ‘decades of investment’ after investigation of GGV Capital, GSR Ventures, Qualcomm Ventures, Sequoia Capital and Walden International.
World’s second-largest economy also saw its share of American imports decline to 13.9 per cent in 2023, its lowest level in 20 years.
Third meeting of Economic Working Group also covered financial cooperation within the G20 framework, industrial policies and debt issues.
