Economy

China's courier sector saw steady growth in May, according to an industry index released by the State Post Bureau Monday. The express delivery development index stood at 472.9 in May, up 3.1 percent from the same period last year, according to the bureau. Included in the figures, the sub-index for development scale rose 7 percent year on year, while service quality figures remained unchanged from a year earlier. The sub-index for development capacity increased 3.3 percent. In

China's foreign trade maintained steady growth momentum in May, underscoring the resilience of the wider economy and its deepening integration with global markets. The total value of goods imports and exports in yuan-denominated terms grew 16.9 percent year on year to reach 4.45 trillion yuan (about 653 billion U.S. dollars) last month, remaining above 4 trillion yuan for three consecutive months, data from the General Administration of Customs (GAC) showed Tuesday. Exports r

China has overtaken Japan as Australia's largest source of imported vehicles, driven by rising shipments from automakers such as BYD and growing demand for electric and hybrid cars. Nearly 36,000 passenger vehicles from China arrived in Australia in April, compared with about 29,000 from Japan, according to data released on Thursday by the Australian Bureau of Statistics. The figures brought Chinese vehicle imports to more than 100,000 units in the first four months of 2026,

China has unveiled an 18-point action plan to stabilize employment and raise incomes, including measures designed to shield the labor market from external shocks such as trade wars and geopolitical tensions, according to a government document released recently. The plan, titled "Action Plan for Stabilizing Employment, Expanding Capacity and Improving Quality", was approved on April 30 by the State Council's leading group on employment promotion. "Employment is the most fundam

Since the beginning of 2026, a number of small and medium-sized Chinese banks have increased their registered capital through share issuances and capital injections to enhance risk resilience and improve their capacity for sustainable development and support for the real economy. Last month, Bank of Zhangjiakou increased its registered capital by about 15 percent, from 10.56 billion yuan ($1.56 billion) to 12.15 billion yuan. Bank of Nanjing announced on May 19 that its regis

The People's Bank of China, the country's central bank, announced on Thursday that it will conduct a 500-billion-yuan (about 73.3 billion U.S. dollars) outright reverse repo operation on Friday to maintain ample liquidity in the banking system. The operation will have a fixed quantity and be carried out through interest-rate bidding, with winning bids determined at various price levels. It will have a tenor of three months, or 92 days, with a maturity date of Sept. 5, accordi

China's Ministry of Commerce said Thursday that over 100 events aimed at boosting the nation's imports are to be held in 2026, bringing more high-quality goods from around the globe to Chinese enterprises and consumers. The first overseas event will take place in Belarus on June 7, followed by another in Germany on June 11, marking the events' debut in the European Union, ministry spokesperson He Yongqian said at a press conference. The events, themed "Exports to China," will

China's airlines will slash fuel surcharges for mainland routes on tickets sold from June 5, Air China and other airlines disclosed Tuesday. The surcharge will be cut to 80 yuan (about 11.73 U.S. dollars) per segment for routes of 800 km or less, and 150 yuan for longer routes. Infants are exempt from the surcharge, while children, disabled servicemen, and disabled police officers will get a 50 percent discount. Compared with current rates, the surcharge will drop by 10 yuan

China's Ministry of Culture and Tourism, together with six other government departments, has issued a notice encouraging enterprises in the aerospace, shipbuilding, automotive and robotics sectors to develop themed visitor factories under the premises of safety and confidentiality, aiming to further expand the nation's cultural tourism formats and scenarios. The notice encourages enterprises in equipment manufacturing, consumer goods and e-commerce logistics to innovate with

China's top internet regulator has announced a two-month nationwide campaign to tackle harmful online information related to enterprises, starting Friday. The initiative aims to address the spread of infringing and malicious content about businesses, with a focus on swiftly removing such material and the accounts responsible, according to a statement from the Cyberspace Administration of China. During the campaign, internet regulators across the country will urge websites and

China's consumer market maintained stable performance in the first four months of 2026, as a raft of pro-consumption policies continued to take effect, according to the Ministry of Commerce. In April, demand for green and smart products remained robust. Data from the ministry showed that sales of smart glasses on major monitored platforms surged 5.9-fold year on year last month, while sales of handheld cameras rose 26.9 percent from a year earlier. The country's new energy ve

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