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Fitch downgrade reflects economic reality

The U.S. market reacted strongly to the Fitch rating agency downgrade but the market has the attention span of a goldfish, so the impact will probably be short-lived. A

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Saudi FM lauds growing China-Arab cooperation as business conference opens in Riyadh

Saudi Foreign Minister Faisal bin Farhan Al Saud said on Sunday that the 10th Arab-China Business Conference is an opportunity to consolidate the historical Arab-China

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China's foreign trade rises by 5.8% to 13.32t yuan in first 4 months

China's foreign trade has shown a relatively stable growth trend, with total imports and exports expanding 5.8 percent year on year to 13.32 trillion yuan ($1.94 trilli

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From TikTok fame to most searched spot in China, how a small East China city made it?

The topic "Zibo barbecue" on Douyin, the Chinese version of TikTok, was played 4.96 billion times by Monday since the city of Zibo in east China stormed the Internet fo

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China's nonferrous metal industry sees steady growth in 2022

yearyear nonferrous metal industry saw a stable performance last year with growing production profits and revenues said the China Nonferrous Metals Industry Association

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China Mobile shares rise in Shanghai trading debut

China Mobile shares gained on their Shanghai debut on Wednesday after the company raised 48.7 billion yuan ($7.64 billion) in the country's biggest public share offerin

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ByteDance rival Kuaishou shares drop after Q1 financial results

Logo atop the Kuaishou Technology headquarters in Beijing, China, February 3, 2021. /VCGKuaishou Technology shares tumbled on Tuesday after the ByteDance rival released

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'Avatar' overtakes 'Hi Mom' atop Chinese mainland box office

"Avatar" ended the weeks-long dominion of tearjerker comedy "Hi, Mom" at the Chinese box office last week (March 15-21), reeling in149.83 million yuan (about $23 millio

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Chinese roadmap by 2060 for a carbon neutral future

On 12 December, 2020, Chinese President Xi Jinping announced new 2030 climate targets via video link to the Climate Ambition Summit organized by the UN, the UK and Fran

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Chinese provinces cut COVID-19 test cost, fix $12 price ceiling

Temporary COVID-19 nucleic acid test cabins are installed in a community, in Tongzhou District, Beijing, January 26, 2021. /CGTNOver 25 of the 32 provincial-level regio

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Central China's Hubei sees tourist boom during Golden Week

The central Chinese province of Hubei, once the epicenter of the COVID-19 epidemic, has witnessed a spike in tourist arrivals during the National Day holiday.As of Tues

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Xinhua Headlines: China concludes international film festival amid market recovery

-- This year's Shanghai International Film Festival kicked off five days after China allowed cinemas in low-risk areas to reopen starting on July 20.-- With outdoor scr

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China's A-share market sees robust IPO activity in H1: PwC

Unaffected by the novel coronavirus outbreak, China's A-share market saw robust initial public offerings (IPOs) activity in the first half of the year, data from global

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Total assets of foreign banks, insurers in China top 5 trillion yuan

Total assets of foreign banks and insurers in China had exceeded five trillion yuan (about 702.2 billion U.S. dollars) amid the expansion of a two-way opening-up of the

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China central bank vows to increase counter-cyclical adjustment

The headquarters of the People's Bank of China in Beijing. /VCGChina's central bank said Sunday that it will step up counter-cyclical adjustment to support the real eco

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China's service trade falls, deficit narrows in Q1

China's service trade fell during the first quarter of the year due to the novel coronavirus epidemic, but the trade structure has kept improving with a narrowing defic