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China's social logistics rose 3.4% in 2022: industry report

trillionyuan logistics sector achieved steady growth in 2022 as the countrys social logistics totaled 347.6 trillion yuan about 50.4 trillion last year a yearonyear

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China's forex reserves expand 1.82% in January

trillionweakened foreign exchange reserves stood at 3.18 trillion at the end of January up 1.82 percent from a month earlier official data showed on Tuesday.The State

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Sri Lanka's Parliamant approves budget amid economic crisis

Sri Lanka's Parliament approved a budget Thursday that includes reforms aimed at improving the country's finances as it attempts to recover from its worst economic cris

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ChiNext companies see profit growth in first three quarters

Enterprises listed on China's Nasdaq-style ChiNext board reported growth in both profits and revenues in the first three quarters, data from the Shenzhen Stock Exchange

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China's fiscal revenue falls in first 9 months

China's fiscal revenue dropped 6.6 percent year on year during the first nine months of 2022, official data showed on Tuesday.The country's fiscal revenue amounted to a

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China boosts loan support for innovative manufacturing industry

The China Development Bank has stepped up lending support for technological innovation and high-quality development in the manufacturing sector, data showed on Tuesday.

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Top 500 Chinese companies hit 100-trillion-yuan revenue mark

The combined operating income of the top-earning 500 Chinese companies have exceeded 100 trillion yuan for the first time, according to the latest list released by the

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China's industrial profits falls 1.1% in first 7 months

Profits of China's major industrial enterprises fell by 1.1 percent year on year in the January-July period, according to official data released on Saturday.In the firs

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China's industrial profits rebound 0.8% in June

Profits of China's major industrial enterprises rebounded by 0.8 percent year on year in June, after declining over the previous two months due to COVID-19 curbs, accor

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China announces more measures to shore up small firms

The Chinese government announced new measures on Thursday to help small and medium-sized enterprises (SMEs) and self-employed individuals navigate hardships.While chair

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China's fiscal revenue up 8.6 percent in Q1

China's fiscal revenue logged a year-on-year increase of 8.6 percent in the first quarter of the year, official data showed Wednesday. Fiscal revenue amounted to 6.2 tr

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Tibet beefs up investment during 14th Five-Year Plan

A train station under construction in Tibet, November 30, 2020. /CFP Southwest China's Tibet Autonomous Region plans to invest 601.5 billion yuan (about $94.3 billion) during its 14th Five-Ye

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Biden says Democrats reached "historic" deal on spending bill

U.S. President Joe Biden on Thursday said the Democratic Party has reached an economic framework on a spending bill that includes historic investments in the country an

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Biden visits state of New Jersey to promote economic agenda

U.S. President Joe Biden visited the state of New Jersey on Monday to promote his economic “Build Back Better” agenda. He checked in with teachers and pre-K students a

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BizBeat Ep.198

02:24 The amount of renminbi bonds held by foreign institutions was 3.38 trillion yuan at the end of July. And foreign institutions have increased their holdings of yua

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China's service trade deficit narrows sharply in H1

China logged a marked drop in service trade deficit in the first half of 2021, data from the Ministry of Commerce showed Tuesday.Service trade rose by 6.7 percent year

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Jan-May: Foreign investment to China jump by 35.4%

An assembly line in east China's Jiangsu Province, May 6, 2021. /CFPForeign direct investment into China surged by 35.4 percent year on year to 481 billion yuan ($75.2