Biz China Weekly

Upgraded China-New Zealand FTA comes into effect

A protocol on upgrading the free trade agreement (FTA) between China and New Zealand took effect Thursday, aiming at further facilitating bilateral trade and investment, said China's Ministry of Commerce.A protocol on upgrading the free trade agreement (FTA) between China and New Zealand took effect Thursday, aiming at further facilitating bilateral trade and investment, said China's Ministry of Commerce.

Macro

China's tourism revenue to reach 269 bln USD in H1: CTA

China's tourism revenue will reach 1.71 trillion yuan (about 269 billion U.S. dollars) in the first half of 2022, according to the China Tourism Academy (CTA).

In-depth

Economic Watch: China embraces digital future with growing computing power

A recent industry report has highlighted China's impressive advances in computing power, ranking the country as one of the best among major economies in the field.The report comprehensively assesses the computing power, efficiency, application and infrastructure of 15 major economies.
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Economic Watch: China seeks to shield service-sector firms from pandemic shock

While enterprises in the service sector are grappling with domestic resurgences of COVID-19, China has rolled out a host of measures to keep their businesses afloat, in an effort to stabilize employment and the economy.
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Industries

China's electronic payments post steady expansion in 2021

Electronic payments handled by China's banks and non-bank payment institutions both registered rapid growth in 2021, a report from the People's Bank of China showed.

China's marine economy logs steady growth in 2021

China's gross ocean product rose 8.3 percent to over 9 trillion yuan (about 1.41 trillion U.S. dollars) in 2021, official data showed. The figure contributed 8 percent of the country's gross domestic product expansion, according to the Ministry of Natural Resources.