Beijing, China — China is aiming for a 5% GDP growth target for 2025, maintaining the same growth target as in 2024, according to senior economist Luo Zhiheng. Luo, the chief economist at Yuekai Securities, outlined this projection following the recent Central Economic Work Conference, where policymakers discussed the macroeconomic policies for the coming year. […]
The holiday season is set to sparkle brighter than ever with the return of Upbeat Fest 2024, an enchanting 21-day festival hosted by the Upbeat Recreation Centre, West Africa’s premier trampoline park. Taking place from December 14, 2024, to January 5, 2025, this second edition promises to transform Lagos into a hub of fun, adventure, […]
As the holiday season approaches, Chinese manufacturers are ramping up their production and shipments to Western markets, responding to the surge in demand for Christmas-themed goods and small electronics in Europe and the United States. December and January mark peak shopping periods in these regions, and Chinese exports—particularly through cross-border e-commerce platforms—have experienced significant growth, […]
In a strategic move to sharpen its focus on core business areas, Alibaba Group Holding Ltd announced on Tuesday that it will sell its department store chain Intime to Youngor, a leading textile and apparel company, for 7.4 billion yuan ($1.02 billion). This decision aligns with Alibaba’s ongoing efforts to streamline its operations and concentrate […]
China and Peru, though separated by the vast Pacific Ocean, are increasingly linked through economic cooperation, exemplified by the Chancay Port project in Peru. This deepwater port, a pivotal element of the Belt and Road Initiative (BRI), is set to transform Peru’s trading competitiveness and reshape Latin America’s economic integration with global markets, particularly with […]
China’s ambitious push to boost domestic consumption could be further enhanced if the government leverages its significant wealth and assets to directly support household incomes and social welfare, according to leading economists. The idea is to transition a portion of the State-owned capital—which currently is reinvested to generate new capital—into initiatives that stimulate consumption, particularly […]
China is set to introduce a series of new policies aimed at supercharging domestic demand as part of its efforts to address escalating external challenges, including trade tensions and global uncertainties. Analysts expect these measures to drive growth in domestic consumption, with a particular focus on ultra-long special treasury bonds targeting consumption and expanding trade-in […]
Beijing, China — Bayer Consumer Health has launched a green transportation initiative in China, replacing traditional diesel vehicles with natural gas vehicles for goods transportation along two key routes. The project, which was rolled out in November, is expected to reduce carbon emissions by up to 13%, underscoring Bayer’s commitment to sustainable practices in its […]
Beijing, China — China’s new energy industry is poised for substantial growth, with rising global demand and favorable conditions for international participation, according to a report released by the Development Research Center (DRC) of the State Council on Monday. The China Development Report 2024 highlights that the new energy sector, which includes electric vehicles (EVs), […]
Beijing, China — China’s economy continued its recovery trend in November, driven by a mix of government measures aimed at stimulating growth, according to data released by the National Bureau of Statistics (NBS) on Monday. Economists are optimistic about a steady rebound heading into 2025, with expectations that recent macroeconomic adjustments will provide strong support […]