China

Xi meets German chancellor, calls for achieving mutual success

BEIJING, April 16 (Xinhua) -- Chinese President Xi Jinping met with German Chancellor Olaf Scholz on Tuesday at the Diaoyutai State Guesthouse in Beijing, calling on the two sides to carry forward the distinctive characteristics of mutual benefit and win-win outcomes and achieve mutual success.

China urges Philippines to stop provocations in South China Sea

BEIJING, April 1 (Xinhua) -- China urges the Philippines to immediately stop violating China's sovereignty and its provocations on Ren'ai Jiao, and return to observing the spirit of the Declaration on the Conduct of Parties in the South China Sea (DOC), Chinese foreign ministry spokesperson Wang Wenbin said on Monday.

Xi holds talks with Indonesia's president-elect

BEIJING, April 1 (Xinhua) -- Chinese President Xi Jinping held talks with President-elect of the Republic of Indonesia and Great Indonesia Movement Party General Chairman Prabowo Subianto, who is on a visit to China, in Beijing on Monday.

Xi congratulated Prabowo on winning the election and asked Prabowo to relay sincere greetings and best wishes to President Joko Widodo.

Interview: China's victory in dispute with Australia over steel products has symbolic significance

BEIJING, April 1 (Xinhua) -- It is of symbolic and historical significance that China won the dispute with Australia at the World Trade Organization (WTO) over Australia's anti-dumping measures on steel products imported from China, an expert observed.

Agricultural Bank of China sees net profit growth of 4.2 pct in 2023

BEIJING, March 28 (Xinhua) -- Agricultural Bank of China, one of the country's four big state-owned lenders, reported net profit growth of 4.2 percent in 2023.

The bank raked in 269.8 billion yuan (about 38 billion U.S. dollars) in net profit attributable to shareholders in the period, according to its annual financial report.

Its non-performing loan ratio stood at 1.33 percent at the end of 2023, down 0.04 percentage points from the end of 2022.

According to the bank, its risk offset capability remains strong, with a provision coverage rate of 303.87 percent.

China calls for solidarity, cooperation to create better future for Asia, world

BOAO, Hainan, March 28 (Xinhua) -- China's top legislator on Thursday called for solidarity and cooperation to meet challenges and work together to create a better future for Asia and the world.

Zhao Leji, chairman of the National People's Congress Standing Committee, made the remarks during a keynote speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024, which drew more than 1,500 people from political and business circles and think tanks from more than 60 countries and regions.

China continues to harp on its claim over Arunachal Pradesh currently under Indian administration

Beijing, Mar 25 (PTI) China on Monday continued to claim that Arunachal Pradesh is part of its territory, notwithstanding India dismissing Beijing’s claim as “absurd” and “ludicrous”.

On Monday, Chinese Foreign Ministry spokesman Lin Jian reiterated China’s claim reacting to External Affairs Minister S Jaishankar's assertions on Saturday, dismissing China's repeated claims on Arunachal Pradesh as "ludicrous" and that the frontier state was a "natural part of India".

China's relay satellite Queqiao-2 enters orbit around the moon

BEIJING, March 25 (Xinhua) -- China's relay satellite Queqiao-2 has successfully performed the near-moon braking procedure and entered its circumlunar orbit, the China National Space Administration (CNSA) said on Monday.

After about 112 hours of flight, the satellite began to perform near-moon braking at a distance of about 440 km from the lunar surface at 12:46 a.m. (Beijing Time) on Monday and entered its circumlunar orbit smoothly 19 minutes later, said the CNSA.

China's non-financial ODI up 10 pct in first 2 months

BEIJING, March 21 (Xinhua) -- China's non-financial outbound direct investment (ODI) increased 10 percent year on year to 149.64 billion yuan (about 21.09 billion U.S. dollars) in the first two months of the year, official data showed Thursday.

Non-financial ODI in countries participating in the Belt and Road Initiative came in at 33.18 billion yuan during the period, an increase of 0.6 percent year on year, according to the Ministry of Commerce.

The turnover of contracted projects overseas grew 9 percent year on year to 138.06 billion yuan, the ministry said.

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