China further widens market access with new negative lists, industry catalogue
China’s National Development and Reform Commission (NDRC) and Ministry of Commerce (MOFCOM) on June 30 released revised negative lists for foreign investment market access and a revised catalogue of industries that encourage foreign investment, introducing greater opening-up measures. The two lists aimed at pilot free trade zones (FTZ) and the rest of the country, respectively. […]
China’s online retail sales top the world for 6th year
China’s online retail sales exceeded 9 trillion yuan in 2018, topping the world for the 6th year in a row, spokesperson Gao Feng said during a regular conference of the Ministry of Commerce (MOC) on March 21. The country’s online retail sales maintained a high-speed growth over the past ten-plus years, said Gao, who is […]
China rolls out new measures to further promote reform and opening up
A draft amendment to the Patent Law was passed at a State Council executive meeting held on Dec. 5. The document will be submitted to the Standing Committee of the National People’s Congress for deliberation. The amendment is expected to enhance punishment on intellectual property infringement. The move is an effort by China to further open […]
China’s actual use of FDI grows steadily in first 10 months
China witnessed steady growth in actual use of foreign direct investment (FDI) in the first 10 months of 2018, with 701.16 billion yuan (about $101 billion) used during the period, up 3.3 percent year-on-year, according to a regular press conference held on Nov.15 by China’s Ministry of Commerce (MOC). From January to October this year, […]
China’s foreign trade structure further optimized in first seven months
China’s imports and exports went up 8.6 percent year-on-year to 16.72 trillion yuan ($2.45 trillion) in the first seven months of this year, the official with Ministry of Commerce (MOFCOM) announced Tuesday quoting customs data. Exports grew 5 percent over the same period of last year to 8.89 trillion yuan while imports was up 12.9 […]
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