Economy

Companies and institutions from the United States have ranked first among foreign exhibitors at the China International Supply Chain Expo for four consecutive years, from the inaugural event to this year's fourth edition, the China Council for the Promotion of International Trade said on Friday. The US business community's active participation, experts said, underscores the enduring pull of the Chinese market and the deep integration of US supply chains with China's manufactu

The People's Bank of China on Friday announced that it will carry out a 600-billion-yuan (about 87.7 billion U.S. dollars) one-year medium-term lending facility (MLF) operation on May 25, aiming to maintain adequate liquidity in the country's banking system. The central bank said this MLF operation will be conducted through variable-rate tenders with a fixed quantity, using a multiple-price auction. With a 500-billion-yuan MLF maturing this month, the move will result in a ne

China's postal industry recorded stable growth in both revenue and delivery volume in the first four months of 2026, data released by the State Post Bureau showed on Wednesday. From January to April, the postal sector handled 70.16 billion parcels, up 4.1 percent year on year. Express deliveries accounted for 64.57 billion parcels, growing 5.1 percent. A postal worker packs mail at the township branch of China Post in Chunhua township of Hunchun city, Northeast China's Jilin

China's economy posted a steady recovery in the first four months of 2026, with key indicators rebounding and new growth drivers gaining momentum as macroeconomic policies continued to take effect. During the January-April period, growth in production and supply accelerated, while market demand continued to expand. Employment and consumer prices also remained generally stable, according to data released Monday by the National Bureau of Statistics (NBS). Amid a complex interna

China opened 21 new international cargo air routes in April, adding more than 43 round-trip flights per week, according to data released by the Air Logistics Branch of the China Federation of Logistics & Purchasing on Thursday. Of the newly launched routes, 12 connect to Europe, eight with Asia, and one with North America. They involve 15 airlines, including nine Chinese carriers. The main goods transported include cross-border e-commerce products, textiles, machinery, electr

As the country's auto industry further deepens its global footprint, China's automobile exports maintained strong momentum in April, driven by steady shipments of new energy vehicles and accelerated overseas expansion by major domestic carmakers. China exported around 901,000 vehicles in April, up 74.4 percent year-on-year, including 430,000 NEVs, whose exports more than doubled from a year earlier, according to data released by the China Association of Automobile Manufacture

China's consumer price index, a main gauge of inflation, rose 1.2 percent year-on-year in April, data from the National Bureau of Statistics showed on Monday. The core CPI, which excludes food and energy prices, also increased 1.2 percent from a year earlier, data showed. On a monthly basis, the CPI climbed 0.3 percent in April, reversing a 0.7-percent decline in March and exceeding the seasonal level by 0.4 percentage points. China's producer price index (PPI), which measure

China's gold consumption edged up in the first quarter of 2026, mainly driven by the strong demand for gold bars and coins, data from the China Gold Association showed on Saturday. The country's gold consumption totaled 303.29 tonnes in the first three months of the year, up 4.41 percent year on year, according to the data. In breakdown, consumption for gold bars and coins surged 46.4 percent to 202.06 tonnes, while gold jewelry consumption fell 37.1 percent to 84.62 tonnes.

China's foreign trade maintained solid growth as coordinated policy efforts across regions and departments boosted momentum, highlighting the resilience and vitality of imports and exports, official data showed Saturday. China's foreign trade in yuan-denominated terms grew 14.2 percent year on year to reach 4.38 trillion yuan (about 639.4 billion U.S. dollars) last month, according to data from the General Administration of Customs (GAC). Exports rose 9.8 percent to 2.48 tril

China called for further strengthening of international cooperation in artificial intelligence capacity building on Tuesday at the United Nations, as rapid advances in AI expose global capability gaps. Speaking at a meeting on "AI Empowering Engineering Capacity-Building" at the UN headquarters in New York, Chen Jiachang, China's vice-minister of science and technology, said that China is promoting global AI governance within the UN framework and advancing international coope

China will roll out a fresh round of capital injections into its largest State-owned commercial banks through the issuance of special treasury bonds, a move set to significantly boost their lending capacity and strengthen support for the real economy. According to the Ministry of Finance, auctions for five-year and seven-year special treasury bonds — used to inject capital into central financial institutions — are scheduled for May 22 and June 12, marking the launch of a seco

As their global market share continues to expand, domestic robot vacuum brands are no longer seen as budget alternatives, but are increasingly setting the pace in performance and user experience in the global market. From Dreame's X50 Ultra robot vacuum being named in Time Magazine's Best Inventions of 2025 — the only robot vacuum on the list — to Chinese brands dominating Amazon's best-seller rankings, the rise of Chinese robot vacuum players is becoming increasingly visible