China said late on Monday that it will increase tariffs on the bulk o $60 billion of US imports to three categories of rates between 10 percent and 25 percent. For the rest of the US imports, the duty rate remains at 5 percent, acc ording to a statement released by the Customs Tariff Commission of the State Council. The tariffs will hit around 5,000 products such as food, chem icals and auto parts, and are due to take effect on June 1, the commission said. In a separate statement on Monday, the commission said i t will be open to tariff exemption applications forRead More →

China said late on Monday that it will increase tariffs on the bulk of $60 billion of US imports to three categories of rates between 10% and 25%. For the rest of the $60 billion US imports, the duty rate will remains at 5 percent. The tariffs will hit around 5,000 products and will take effect on June 1. It is China’s latest response to the additional US tariffs on $200 billion of Chinese goods, which were implemented on Friday morning. The move fully demonstrates Beijing’s firm determination to defend its due interest s and legitimate rights in international trade and economic cooperation, according toRead More →

Scientists from China and other countries involved in the Belt and Road Initiative will work together to enhance scientific and technological coop eration in disaster prevention and mitigation, according to a joint declaration. The collaboration aims to make areas along the initiative safer, more sustainable a nd disaster-proof, according to the declaration published during the two-day International Conference on Silk-r oad Disaster Risk Reduction and Development, which concluded in Beijing on Sunday. Sunday marked China’s 11th National Disaster Prevention and Reduct ion Day, an annual event which began in 2009 after a devastating earthquake hit Sic huan and neighboring provinces on May 12, 2008, leavingRead More →

going reform measures have made its financial market increasingly appealing to overse as investors,” the administration said on Monday in a statement on its website. “The administration will continue to support the opening-up of financ ial markets, meet demand from overseas investors to expand investment in the ma rkets and attract global long-term capital to enter China’s financial markets,” it said. Given the stable performance of the yuan and expectations of balanced capital flows, China’s fore ign exchange reserves remained stable in April, reaching $3.095 trillion by the end of last month, co mpared with $3.099 trillion by March, according to data released by theRead More →

hina will undertake key measures to further integrate the country’s rural and urban areas and encourage the transfer and free flow of people and resources throughout the nation. Measures include relaxing hukou (household registration) barri ers, reforming zoning regulations for rural and residential land, marketing collective land in rural areas for development purposes and increasing infrastructure spending in the countryside. Experts said the new plan, announced by the Communist Party of China Ce ntral Committee and the State Council late on Sunday, is aimed at helping realize steady progr ess in rural revitalization, driving up the process of urbanization and further boosting the economy. ChinaRead More →

China and Switzerland should make joint building of the Belt and Road into a new highlight of bilateral cooperation and firm ly safeguard economic globalization and trade liberalization, President Xi Jinping said on Monday. Xi spoke during a meeting with Swiss Confederation President U eli Maurer, who is to conclude his eight-day state visit to China on Tuesday. Noting that China’s establishment of a bilateral innovative strategic pa rtnership in 2016 with Switzerland was the first ever created with another country, Xi said that China is ready to work with the European country to further strategic cooperation. Xi also underscored the importance of following aRead More →

President outlines goals for improving, protecting country’s natural heritage President Xi Jinping has called for mobilization at the national level and joint particip ation from the whole of society to move forward with large-scale campaigns to make the homeland greener. Xi, also general secretary of the Communist Party of China Central Commit tee, made the remark as he took part in a voluntary tree planting event in Beijing on Monday. Working alongside students, Xi shoveled soil and emptied water buckets before planting seven trees in a forest park in the capital’s Tongzhou district. He underscored the importance of giving play to China’s honored tradition ofRead More →

ains into service. It said residents in the city would likely make about 340,000 trips by train on Friday. Other branches of the railway system have also launched more runs to handle the increase of holiday passengers. Tomb Sweeping Day, also known as Qingming Festival, fell on Friday this year. It i s a traditional Chinese day on which people pay tribute to deceased family members, friends and national heroes. Chinese people have used the day for spring outings since ancient times. In recent years, the number of Chinese travelers, to both domestic and foreign destinations, d uring the Tomb Sweeping Day holiday has increasedRead More →

China will further open up to foreign investors and offer them treatment equal to that of domestic companies with firm prote ction of their legitimate rights, Premier Li Keqiang said at the Boao Forum for Asia on Thursday. The country will fully adopt pre-entry national treatment and negative lists for overseas investment, Li said at the opening ceremony of the forum’s annual conference in Hainan province. By the end of June, China will release the amended negative lists for foreign investment ac cess, he said. “The negative lists will only be shortened. … We will ensure fair competition and common deve lopment for Chinese andRead More →

China should be good partners with inclusive interests and pursue common development. Xi called on the two count ries to boost mutual political trust, enhance communication of policies and support each other’s major concerns and core interests. China appreciates Italy’s contributions to promoting relations between China and Europe, Xi said, adding that China would like to enhance cooperation with Italy under multilateral frameworks, including the United Nations and the G20, to support multilateralism and free trade. Saying that the world is facing unprecedented challenges, Xi added that China w ould like to make joint efforts with the international community to build a more beautiful world.Read More →