Spokesman: We don’t want to see US go back on trade agreement with China

(China Watch) 2018-05-22 17:29

Foreign Ministry spokesman Lu Kang said on Monday that since China and the United States had reached an agreement on trade that was acceptable to both sides, both nations’ governments will be expected to abide by it and that “we don’t want to see any reversion by the US”.

Survey: Income gap still an issue in China

(China Watch) 2018-05-22 17:25

A new research report by Zhang Liang, a research fellow at the State Council's Development Research Center, shows incomes in China increased significantly in 2017 while the number of people who saw their salary fall was lower compared with the previous year.

Ex-ambassador: People should cheer as China, US avoid a trade war

(China Watch) 2018-05-22 17:24

Xu Yicong, the former Chinese ambassador to Cuba, said in a recent Beijing Daily article that the decision by China and the United States to avoid a trade war is in line with the development of the global economy and conducive to the global trade order.

Economist: China's decision to increase US imports is not a concession

(China Watch) 2018-05-22 13:18

China plans to increase imports from the US, which is not a concession but a reflection of the necessary adjustment of China's foreign trade policy in the new era, Long Yongtu, the former vice-minister of foreign trade and economic cooperation, said on Sunday.

DRC: 'Made in China' gaining currency among foreigners

(China Watch) 2018-05-21 09:55

Recognition of made-in-China products among foreign consumers is improving, which means domestic companies must improve the quality of their products to keep pace, according to the State Council Development Research Center.

Research chief: Policy support for digital trade needed

(China Watch) 2018-05-21 09:53

Lai Youwei, deputy director of the General Office of the State Council's Development Research Center, said he believes digital trade has become a new mode of trade thanks to the extensive application of modern information technology and the boom in the digital economy.

Overcapacity may return in heavy industries

(China Watch) 2018-05-21 09:50

Researchers with the State Council's Development Research Center examined data dating back to 2008 from the National Bureau of Statistics to compare and analyze the progress in efforts to reduce overcapacity in 16 key industries, including iron and steel, electrolytic aluminum, and coal.

Analyst: Trump's handling of China policy like "a bull in a china shop"

(China Watch) 2018-05-21 09:40

Fan Jishe, director of the Chinese Academy of Social Sciences' Strategic Studies Institute of American Studies, said that since former US president Richard Nixon's 1972 visit to China, the direction of relations between the two countries has largely been led by the United States.