On May 6, 1975, China and the European Economic Community, the predecessor to today's European Union, established diplomatic relations. This historic moment opened a new chapter of friendship and cooperation
Among the reasons for the steady and mild appreciation of the RMB exchange rate, the decisive one is the stable and improving foundation of the Chinese economy
China's current economic conditions suggest that while the "reciprocal tariffs" imposed by the U.S. may cause a decline or stagnation in the country's exports to the U.S., their overall impact on the Chinese economy and foreign trade is likely to remain manageable
For China, commemorating the victory of the World Anti-Fascist War can strengthen international cooperation in upholding the multilateral trading system, promoting economic globalization and safeguarding world peace and development
On December 12, 2020, Chinese President Xi Jinping cited the ancient Chinese quote "the universe operates in silence, yet everything follows its course" while addressing the Climate Ambition Summit convened by the United Nations
The sustained and steady growth of its forex reserves echoes the sound fundamentals of the economy and will increase international confidence in the steady growth of the Chinese economy
Despite its promising prospects, this economic model also faces challenges, particularly in balancing resource utilization with environmental protection.
A recent action plan to vigorously boost consumption proposes a total of 30 policy measures including increasing incomes, reducing burdens and improving quality
The deficit-to-GDP ratio will be raised by 1 percentage point to 4 percent, pushing the total deficit to 5.66 trillion yuan ($789 billion), up by 1.6 trillion yuan ($223 billion) from last year
