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China's Ministry of Commerce said Thursday that the two sides will resume senior-level trade talks in Washington DC in October, raising hopes of an end to the tit-for-tat trade war that continues to unnerve the global economy. The US stock market rallied Thursday in response.
China will promote industrial and consumption upgrading, fully tap into the advantages of its considerable market and give play to the underpinning role of consumption and the pivotal role of investment, according to the annual Central Economic Work Conference held in December.
China's Geely Auto and Swedish brand Volvo Cars are considering combining their businesses into a strong global company, with listings in Hong Kong and Stockholm, the two companies said late Monday.
China's accelerating development of services trade will provide huge market and rich opportunities for cooperation for countries worldwide, and boost global economic recovery as the pandemic has dealt a heavy blow to the world economy, analysts and scholars have said.
China's biggest online shopping platform Alibaba also uses Alipay as the preferred method of transactions. A number of Pakistani individuals and businesses use Alibaba to order goods and products from China.
