China

Victory over poverty: China celebrates 75 years of progress – Newsad

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Victory over poverty: China celebrates 75 years of progress – Newsad

BEIJING: Since the founding of the People’s Republic of China 75 years ago, the living standards of the Chinese people have progressed from mere subsistence to moderate prosperity in all aspects. The per capita disposable income of China’s residents was only 49.7 yuan (7.1 U.S. dollars) in 1949, but climbed to 39,218 yuan in 2023, … Read more

China opposes EU tariffs on EVs, urges resolution through negotiation – Newsad

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China opposes EU tariffs on EVs, urges resolution through negotiation – Newsad

BEIJING: China’s Ministry of Commerce (MOFCOM) on Friday expressed strong opposition to the EU’s decision to impose anti-subsidy tariffs on Chinese electric vehicles (EVs), following the EU’s vote in favor of the measure. MOFCOM reaffirmed China’s firm and consistent stance, stating that China strongly opposes the EU’s protectionist practices, which it considers unfair, non-compliant and … Read more