BEIJING – Most of the capital goods monitored by the government registered higher prices in early May compared with late April this year, official data showed on Friday. Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 42 reported rising prices during the period, seven...
In wake of new coronavirus cases in some Chinese cities and serious outbreaks in some parts of the world, officials from various cities have in recent days moved to strengthen supervision of imported frozen food to stem the spread of the COVID-19, according to media reports and industry representatives on Sunday. However, despite strict quarantine...
The COVID-19 pandemic has demonstrated the vulnerability of global supply chains, and the critical role that China plays in the supply process and production of goods from different sectors. Despite this, companies will not move the entire supply chain out of China. In a survey made by the Japan Foreign Trade Organization (JETRO) in September...
China’s consumption engine has almost completely recovered to post-pandemic levels, as shown by surging spending on items from travel products to duty-free goods during the 2021 May Day holidays, which witnessed the country’s largest population movement after last year’s National Day holidays. In Haikou, a city in South China’s Hainan Province, Chinese people made 65,400...
China’s major ports reported growth in container throughput in mid-April, data from an industrial association shows. From April 11 to 20, container throughput at China’s eight key ports increased 17.8 percent year on year, according to the China Ports and Harbours Association. Specifically, the container throughput for foreign trade rose 22.3 percent from a year...
Few things are more beautiful than taking a trip in the springtime, an experience that however has been complicated by the COVID-19 epidemic. For consumers in the world’s second-largest economy, the coming five-day May Day holidays, which some say is the first long holiday they can really enjoy outdoor trip in the best season of...
The upcoming May 10 marks the fifth China Brand Day and this year’s theme will focus on “Dual Circulation and New Consumption,” said the National Development and Reform Commission (NDRC), with an emphasis on continuously promoting China’s own brands to help form a strong domestic market. An international forum on the special day will be...
The 129th Canton Fair, one of the world’s largest trade fairs successfully ended on Saturday with a growing number of deals. More than 35 million visitors attended the event with registered buyers from 227 countries and regions hitting a new high. The Canton Fair usually takes place in Guangzhou, South China’s Guangdong Province, but this...
According to an article published by the South China Morning Post (2021), there are former auditors of inspection companies who leave their jobs to become “consultants”. The important question here is: consultants for whom? Knowing how Chinese/Asian suppliers are audited, as well as knowledge of the evaluation criteria, these “consultants” offer as part of their...
BEIJING, April 22 (Xinhua) — Southeast Asian countries, especially Singapore and Indonesia, have benefitted a great deal from China’s post-pandemic rebound, which has brought high hope to the regional economic recovery, according to a recent report by the news magazine Nikkei Asia. As most countries in the Association of Southeast Asia Nations bloc are involved...