China Business News

The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 52.6 in February, up from 50.1 in January, according to data from the National Bureau of Statistics. A reading above 50 indicates expansion, while a reading below reflects contraction. The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 56.3 in February, up from 54.4 in …

China’s international trade in services stood at 459.5 billion yuan (67.6 billion U.S. dollars) in January, according to the State Administration of Foreign Exchange. Services exports totaled 177.4 billion yuan last month, and services imports were at 282.1 billion yuan, resulting in a trade deficit of 104.8 billion yuan. Transport was the biggest services trade contributor, with a 143-billion-yuan trade …

China will strengthen measures ensuring the smooth flow of logistics to stabilize industrial and supply chains, according to the Ministry of Transport. The ministry will work to enhance China’s emergency response transport capacity and ensure efficient and unimpeded logistics for key materials, especially materials related to energy, food, medicines, and other daily necessities. Efforts will be made to optimize terminal …

Outbound investment of Chinese companies grew steadily in 2022, with more than 70% maintaining or expanding investment abroad, according to the survey conducted by the China Council for the Promotion of International Trade. Over 80% of the surveyed firms are optimistic about the prospects of overseas investment. The survey found that about 90% of the companies favor investment opportunities in …

China is moving to incubate its fifth batch of “little giant” firms to boost innovation and provide stronger support for the real economy. The “little giant” enterprises represent the new elite of small and medium-sized businesses that specialize in a niche market, boast cutting-edge technologies, and show great potential. The list of this new batch of firms will be published …