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. […]
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 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 — 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 government is poised to adopt a more proactive fiscal policy and a moderately loose monetary stance in 2025, signaling a strategic shift to tackle ongoing economic challenges and stimulate growth, according to a senior official. This marks the first time in 14 years that China will move away from its prudent […]
At the Sino-Singapore Tianjin Eco-city Science Park, visitors are welcomed by digital humans in multiple languages, offering a blend of cultural heritage and modern technology. The center’s exhibition hall immerses guests in virtual realms using VR glasses, showcasing the intangible cultural heritage, century-old brands, and creative cultural products from the Beijing-Tianjin-Hebei region. Launched in 2023, […]
Leading entrepreneurs in China have expressed strong confidence in the ability of the country’s private enterprises to overcome challenges and capitalize on emerging opportunities, thanks to a series of government policies designed to bolster the sector. These entrepreneurs, speaking on Thursday in a People’s Daily column, emphasized the growing optimism within the private business community […]
BEIJING — As chilly weather sweeps across China, a growing number of senior citizens are taking advantage of the China-Laos Railway to escape the cold, opting for the smooth, comfortable train ride, the pleasant climate, and the affordability of neighboring Laos. For years, many elderly Chinese residents have sought refuge in the milder winter weather […]
BEIJING — Black Friday has evolved into a global phenomenon, reaching beyond U.S. borders and benefitting both American and Chinese businesses, driven by the power of cross-border e-commerce. This year’s Black Friday marked an online sales milestone in the U.S., with a record $10.8 billion in online spending on November 29, the first day of […]
The move mirrors the directive to nurture technological innovation to boost the development of new quality productive forces and the establishment of a modern industrial system, which was mapped out at a meeting of the Political Bureau of the Communist Party of China Central Committee on Monday. The meeting, which was presided over by Xi […]