The People's Bank of China lowered the rate of 400 billion yuan (about 59 billion U.S. dollars) worth of one-year MLF to financial institutions to 2.75 percent from the 2.85-percent rate it opted for on the previous occasion.

East China's Jiangsu Province, one of the country's economic powerhouses, saw 355 outbound investment projects in the first half of 2022, up 14.2 percent year on year, the provincial commerce department said Tuesday.

Latest data from the Ministry of Commerce showed that FDI into the nation totaled 723.31 billion yuan ($107.07 billion) in the first half of the year, surging 17.4 percent year-on-year.

The scale of China's cross-border e-commerce witnessed 18.6 percent growth to reach 1.92 trillion yuan ($290 billion) in 2021

China will work to promote WTO reform in the right direction

The ministry will also facilitate the development of new foreign trade formats like cross-border e-commerce and overseas warehouses.

So far, China has seen the establishment of more than 30,000 enterprises related to cross-border e-commerce

Over those four months, China's actual use of foreign capital increased 20.5 percent year-on-year, according to the Ministry of Commerce.

the country will also seek to bolster cross-border e-commerce

Cross-border renminbi settlements should also take a bigger share in business formats like cross-border e-commerce and procurement

China will continue to promote accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

According to the provincial department of commerce, foreign direct investment (FDI) into Hunan Province, in actual use, expanded 165.8 percent year on year to nearly 1.8 billion U.S. dollars in Q1, ranking first in central China.