Chinese President Xi Jinping has called for broader study and application of the development experience of Yiwu, a city in Zhejiang Province, highlighting it as a successful model for local economic growth. He emphasized that Yiwu’s rise through its small commodities market demonstrates how regions can develop industries suitedContinue Reading
China will reduce retail prices of gasoline and diesel from Wednesday to reflect recent changes in international oil prices, the country’s top economic planner said on Tuesday. Gasoline prices will be cut by 555 yuan (about 80.91 U.S. dollars) per tonne, and diesel prices will drop by 530 yuanContinue Reading
BRICS nations accounted for 39.2% of global GDP last year, marking the highest level in the bloc’s history, according to Sputnik’s analysis of International Monetary Fund data. This places BRICS nearly 11 percentage points ahead of the G7, whose share declined to 28.3% for the first time. The gapContinue Reading
PHOTO NEWS: Jointly hosted by China’s Ministry of Commerce and the Hainan provincial government, the sixth China International Consumer Products Expo (CICPE) marks the first edition of the event since the Hainan Free Trade Port fully launched island-wide special customs operations. This year, the expo has attracted overContinue Reading
By Wang Wenzheng China’s newly revised Foreign Trade Law officially came into effect on March 1, 2026. The legislation aims to strengthen legal safeguards as China accelerates its transformation into a trader of quality. The revision reflects China’s specific conditions while aligning with international rules and practices. The revisionContinue Reading
US consumers — especially younger drivers — are increasingly open to buying Chinese-made electric vehicles, even as steep tariffs and other restrictions keep them out of the market. At least 69 percent of Generation Z car shoppers — those aged 14 to 29 — polled between Dec 29 andContinue Reading
The Zambian government has announced a three-month suspension of key fuel taxes, a move aimed at shielding citizens and businesses from rising global oil prices. The decision follows a special Cabinet meeting chaired by President Hakainde Hichilema, which focused on mitigating the economic impact of surging fuel costs, aContinue Reading
(BRNN/GSF) — At a time of deepening geopolitical uncertainty and accelerating technological change, global leaders gathering at the Boao Forum for Asia 2026 Annual Conference converged on a common answer to the question of how the world should invest in its future: work together, or fall behind alone. TheContinue Reading
(BRNN/GSF) — Online shopping has become a daily routine for people across China, spanning generations from Gen Z to the elderly. Today, the country has 976 million online shoppers, reflecting the vast scale of its digital consumer base. According to data released by China’s Ministry of Commerce, the country’sContinue Reading
Nigeria and China have signed a new framework agreement aimed at deepening economic cooperation and reinforcing the two countries’ trade collaboration, in a move seen as significant for their development priorities. The agreement was signed by Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, and China’s Minister of Commerce,Continue Reading
