China’s Digital Finance Sector Poised for Growth with New Action Plan China’s digital finance sector is set to experience significant growth, driven by continued government support and increasing interest from investors, experts say. This optimism follows the release of a new action plan aimed at promoting the high-quality development of digital finance. The plan, unveiled […]
As China faces looming tariff challenges and seeks to navigate potential economic headwinds in 2025, economists from leading investment banks predict the country has ample room to implement bolder macroeconomic adjustments. These could include additional subsidies for consumers and structural reforms, designed to support the nation’s growth amidst external pressures. In an exclusive interview with […]
China’s leading advertising enterprises and public institutions reported strong revenue growth in the first three quarters of 2024, with total revenues reaching 1.13 trillion yuan ($156.97 billion), a 6.1 percent increase from the same period last year, according to the State Administration for Market Regulation. The growth was particularly notable in internet advertising, which surged […]
In East China’s Shandong province, Juye County is helping farmers increase their incomes and promote rural vitalization by prioritizing industrial development. The county has focused on creating “doorstep” factories—small, town and village-level workshops that provide local employment opportunities. To date, Juye has invested 660 million yuan ($92.9 million) to establish 238 such workshops across 17 […]
A vast array of durable goods, from kitchen stoves to smart toilets, were on display inside a Suning chain store in Nanning, South China’s Guangxi Zhuang Autonomous Region, with vibrant stickers promising up to 20% off thanks to state subsidies. These discounts are part of China’s ambitious 300-billion-yuan ($41.7 billion) program aimed at encouraging equipment […]
Huawei Technologies Co. unveiled its much-anticipated Mate 70 smartphone series on Tuesday, calling it the “most powerful Mate ever,” signaling a major leap forward in the premium handset market. The new series is poised to directly challenge competitors like Apple, particularly in the AI-enabled features and operating systems space. The Mate 70 series introduces a […]
China is planning to increase the share of consumption in its GDP to more than 50% within the next decade as part of its strategy to shift the country’s economic growth drivers. This shift is seen as essential in light of challenges stemming from the ongoing adjustments in the property sector and growing concerns over […]
The 26th Harbin Ice and Snow World is offering a unique business opportunity with the auction of nine candied fruit sales stalls, starting at a bid price of 1 million yuan ($137,850). This auction, announced by the Harbin Auction Company, has generated significant public interest and discussion, particularly regarding the high starting bid and stringent […]
China’s sustainable development has seen steady improvement, with its sustainability index increasing by 46.8% since the assessment began, according to a recent report released at the COP29 climate conference. The index, co-released by the China Center for International Economic Exchanges (CCIEE) and the Earth Institute of Columbia University, evaluates five key areas: economic development, social […]
China’s Ministry of Industry and Information Technology (MIIT) has announced updates to industry standards for photovoltaic (PV) manufacturing, aiming to address current challenges such as the repetitive expansion of low-level production capacity and declining profitability. The revisions are designed to foster the healthy development of the PV industry, promote technological innovation, and guide more sustainable […]
