China's digital economy, ranking second worldwide for many years, has become a major growth engine for the country, according to a white paper published Monday.The white paper titled 'Jointly Build a Community with a Shared Future in Cyberspace' was released by China's State Council Information Office.By 2021, the value of China's digital economy had reached 45.5 trillion yuan, accounting for 39.8% of its GDP, said the white paper.By June 2022, there were 1.05 billion internet users in China, and the internet penetration rate had reached 74.4%, read the white paper, adding ...
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American companies are pleased with the results of participation in the China International Import Expo (CIIE) and want to grow with the expo, said the U.S.-China Business Council President Craig Allen on Sunday.American companies are heavily invested in the CIIE and are pleased with the results of their investments, said the business council president in an interview with Xinhua.The CIIE, the world's first import-themed national-level expo, this year saw nearly 200 U.S. companies participate, according to Allen. 'Every company wants a little bit more floor space.''We respect t...
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China is expected to take an active role in the formation of new international economic and trade rules and standards, as part of its push for high-level opening-up, experts said.While stressing the promotion of high-standard opening-up, a report to the 20th National Congress of the Communist Party of China said the country will steadily expand institutional opening-up concerning rules, regulations, management and standards.It also said efforts will be made to accelerate the country's transformation into a trader of quality, promote the high-quality development of the Belt and Road Initiat...
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China's economy is on more solid ground in the third quarter of this year with major indicators showing positive signs of stabilization, backed by the country's efforts to balance epidemic control and economic and social development.The country's gross domestic product (GDP) grew 3.9 percent year on year to 30.76 trillion yuan (about 4.32 trillion U.S. dollars) in the third quarter, 3.5 percentage points higher than that in the second quarter, data from the National Bureau of Statistics (NBS) showed Monday.In the first three quarters, the country's GDP increased 3 percent year ...
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China's imports and exports were valued 31.11 trillion yuan ($4.29 trillion) in the first three quarters of the year, up 9.9 percent from a year ago, data from the General Administration of Customs showed on Monday.The exports increased 13.8 percent year-on-year to 17.67 trillion yuan, while the imports totaled 13.44 trillion yuan, rising 5.2 percent on a yearly basis.The trade surplus during the period reached 4.23 trillion yuan, surging 53.7 percent year-on-year.In September alone, the combined import and export value was 3.81 trillion yuan, rising 8.3 percent from a year earlier.The exp...
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