Business--China Economic Net

China's economy is expected to maintain stable growth in 2025, according to the Q4 2024 monetary policy report released by the People's Bank of China on Thursday.

Foreign trade grows despite headwinds2025-02-12
Continuous innovation, global expansion and industrial upgrade will empower Chinese companies to counter rising protectionism and geopolitical tensions this year, driving foreign trade growth and reinforcing China's global competitiveness, said market observers and exporters.

Tesla Megafactory in Shanghai launches production2025-02-12
U.S. carmaker Tesla's new Megafactory in Shanghai, dedicated to manufacturing energy-storage batteries known as Megapacks, launched production on Tuesday, marking a significant expansion of the company's presence in China.

China has to embrace innovation-driven future2025-02-12
China's rapid development in the electric vehicle and new energy sectors has garnered widespread attention globally. However, some economists have raised concerns about whether China can identify a sustainable pillar for its economic growth following the recent slowdown in the real estate sector.

Hong Kong's Hang Seng Index opens 0.63 pct higher2025-02-11
The Hang Seng Index gained 134.84 points, or 0.63 percent, to open at 21,656.82 points on Tuesday.

Chinese yuan weakens to 7.1716 against USD Tuesday2025-02-11
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 9 pips to 7.1716 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.

China's smart robot industry sees robust growth in 20242025-02-10
By the end of 2024, the number of enterprises in the smart robot industry in China had reached 451,700, with a total registered capital of 6.44 trillion yuan (about 880 billion U.S. dollars), according to the State Administration for Market Regulation.

Tesla's Shanghai battery Megafactory launches production2025-02-11
U.S. carmaker Tesla's new Megafactory in Shanghai, dedicated to manufacturing its energy-storage batteries Megapacks, launched production on Tuesday, marking a significant expansion of the company's presence in China.

Sales push as brands brace for tough 20252025-02-10
Right after the Spring Festival holiday, automobile markets in China have become hectic, touting new features, offering discounts and even appearing in movies to woo potential car buyers.

Green products crucial in driving increase in China's foreign trade2025-02-10
China's innovative and technology-intensive green products, ranging from electric vehicles to dual-fuel ships, will be crucial in driving the country's foreign trade growth in 2025, exporters and market watchers said.

China pushes market reform of new energy electricity pricing2025-02-10
Chinese authorities announced Sunday that the prices of on-grid electricity generated from new energy will be determined by market as the country pushes forward market reform of new energy electricity pricing.

Over 20 mln Chinese consumers apply for electronic products trade-in subsidies2025-02-10
More than 20 million consumers have applied for China's electronic products trade-in subsidies since the government launched the pro-consumption program three weeks ago, data from the commerce ministry showed Sunday.

China's second-hand vehicle transactions up 6.52 pct in 20242025-02-09
China's second-hand vehicle market recorded steady growth in 2024, with annual transactions climbing 6.52 percent year on year to over 19.61 million units, according to data released by the China Automobile Dealers Association on Saturday.

Chinese steelmaker completes delivery of hybrid diesel locomotives2025-02-09
China's first batch of hybrid diesel locomotives has been delivered, according to a report in the Science and Technology Daily on Saturday.

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