China Business News

China’s mobile phone shipments drop 22.6% year on year to 272 million in 2022, according to the China Academy of Information and Communications Technology (CAICT). The shipment volume of 5G mobile phones reached 214 million last year, accounting for 78.8% of the country’s total mobile phone shipments. Last year, 351 new smartphone models were released in the country, down 13.1% …

The Beijing Stock Exchange (BSE) will officially launch a market-making trading business on its stock market on February 20, 2023. The move was taken to further promote market reform and innovation, improve the market trading system, and enhance market vitality and resilience. As of Friday, February 17, a total of 15 market makers have been approved by the China Securities …

China’s banks saw a net forex settlement surplus of 2.5 billion U.S. dollars in January, according to the data from the State Administration of Foreign Exchange (SAFE). Forex purchases by banks totaled 175.3 billion dollars and sales hit 172.8 billion dollars. In January, foreign trade in goods registered a surplus of 38.7 billion U.S. dollars, up 9% over the previous …

The activities of China’s small and medium-sized enterprises (SMEs) picked up in January, as the country’s economy continued to recover steadily, according to the China Association of Small and Medium Enterprises. The Small and Medium Enterprises Development Index, calculated based on a survey of 3,000 SMEs in China, came in at 88.9 last month, reversing a downward trend. The figure …