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Chinese Premier Wen Jiabao said Friday that China will deepen opening-up after it entered the World Trade Organization (WTO) a decade ago so as to bring benefits to its people and the world.
China will combine expanding import with stabilizing export in a bid to achieve a balanced growth in trade, Chinese Premier Wen Jiabao said Friday at the 110th Canton Fair held in the southern city of Guangzhou.
Inflation in China continued to ease from a 37-month high for a second month in September, but remaining inflationary pressures limit the possibility of a shift in macro-economic policy.
China opposes abuses of trade remedies and hopes that trade disputes with the United States can be resolved as soon as possible under the WTO dispute-settlement mechanism.
Chinese President Hu Jintao has urged the China Import and Export Fair, also known as the Canton Fair, to contribute more to the improvement of the country's openness to the outside world.
China's new yuan-denominated loans in September stood at 470 billion yuan ($ 73.7 billion), a drop of 131.1 billion yuan from the same month of last year, the central bank said Friday.
Washington State's Chris Gregoire will lead a delegation of US state and territorial governors on a trade mission to China next week, her office announced Thursday.
Authorities have agreed to take steps to secure financial support for major cash-strapped railway projects in the latest move to help the crippled sector.
The People's Bank of China (PBOC), the central bank, announced Friday it has just issued regulations about foreign direct investment (FDI) settled in the Chinese currency Renminbi (RMB).
The preliminary estimate of the Macao SAR's foreign exchange reserves amounted to 246.8 billion patacas ($ 30.75 billion) at the end of September, according to the figures released on Friday by the Monetary Authority of Macao.
China's stock index futures opened higher on Friday with the contract for settlement in October, the most actively traded, up 7 points to 2,659.4 points.
China needs to update its definition of luxury goods and adjust the tariffs on imported luxury goods accordingly, a senior Customs official said on Thursday.
