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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

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Rising Star Cities series is coming! The first stop – Ningbo

00:51 The "rising star" cities refer to Chinese mainland's cities with a GDP of 1 trillion yuan. As of the end of 2020, the number of such cities reached 23. Hosts and

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White House reduces infrastructure proposal to $1.7 trillion

FILE PHOTO: U.S. President Joe Biden. /Getty Images The administration of U.S. President Joe Biden proposed a counteroffer to its infrastructure plan that reduced the budget from $2.25 trillio

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China's FDI inflow surges nearly 40% in Jan.- Apr.

Foreign direct investment (FDI) into the Chinese mainland, in actual use, surged 38.6 percent year on year to 397.07 billion yuan ($61.45 billion) in the first four months of this year, the Ministry

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China's service trade deficit continues to shrink in Q1

China recorded a service trade deficit of 66.69 billion yuan (about 10.3 billion U.S. dollars) in the first quarter of 2021, down by 74.7 percent from the same period a year ago, data from the Minist

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China's SMEs see stable recovery

The vitality of China's small and medium-sized enterprises (SMEs) improved in the first quarter of the year as the economy further recovered from the impact of COVID-19

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U.S. President Biden and First Lady visit Virginia

Click arrows to view gallery U.S. President Biden and First Lady Dr. Jill Biden stopped at Norfolk’s Tidewater Community College and Yorktown Elementary School in Virginia

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Ex-IMF deputy: China has to carefully manage U.S.'s boom-bust cycle

02:01 Zhu Min, former deputy managing director of the International Monetary Fund, warns that Biden's $1.9 trillion stimulus package could lead to inflation, affecting global markets. G

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Q1: China's central SOEs report 220% profit growth

China's centrally-administered state-owned enterprises (SOEs) saw robust growth in their profits in the first quarter of 2021, the country's state asset regulator said Friday.The combined net profits

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China's new yuan loans reach 2.73t yuan in March, beating forecast

People's Bank of China. /CFP Chinese banks extended 2.73 trillion yuan ($416.6 billion) in new yuan loans in March, up from 1.36 trillion yuan in February, beating forecast, central bank data

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Microsoft in talks to buy AI firm Nuance Communications

NEW YORK, NY - MARCH 13: A signage of Microsoft is seen on March 13, 2020 in New York City. Co-founder and former CEO of Microsoft Bill Gates steps down from Microsoft board to spend more time on

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Biden administration disburses 25 million more stimulus payments to Americans

The Biden administration said on Wednesday that 25 million more stimulus payments worth a total of $36 billion had been sent out to Americans from the $1.9 trillion pan

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China's tourism revenue increases 228.9% during Qingming Festival

Tourists arrive at Nanjing Railway Station on the last day of China's Qingming Festival holiday on April 5, 2021. /CFP The revenue of China's tourism sector increased by 228.9 percent to 27.17

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LG Electronics to exit from loss-making smartphone business

The new dual-screen smartphone from LG Electronics is on sale in South Korea on October 6, 2020. /VCG South Korea's LG Electronics said in regulatory filing on Monday that it will end its loss

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What is in U.S. President Biden's $2.3 trillion infrastructure plan?

U.S. President Biden announced the details of his proposed infrastructure and economic recovery package, totaling over $2.3 trillion.Here's what is in the package and how t

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Profits of China's state firms rise 150% in January-February

China's state-owned enterprises see 150-percent growth in profits. /CFP China's state-owned enterprises (SOEs) registered robust growth in the first two months despite low base effects, the Mi