The skyline of Beijing. [Photo/VCG] China’s economic growth is expected to strengthen on a sequential basis amid the latest stimulus package and with more incremental policies in the pipeline, translating into over 5 percent year-on-year growth in the fourth quarter, analysts and economists said on Sunday. They said a long-awaited policy shift is unfolding for…
Purchasers talk at a booth of tableware at the second phase of the 135th Canton Fair in Guangzhou, South China’s Guangdong province, April 23, 2024. [Photo/Xinhua] After more than 30 years of growth in East China’s Fujian province, Lin Chi-te, chairman of Zhengshi Tableware Co Ltd, wants to build his company into a century-old enterprise…
Newlyweds from across the country attend a group wedding ceremony in Hangzhou, Zhejiang province, on Sunday. [WU HUANG/FOR CHINA DAILY] More young Chinese couples are holding destination weddings and taking wedding trips instead of traditional weddings, and the just concluded National Day holiday saw high popularity of such a trend, industry players found. During the…
Two employees work in a drug research and development laboratory in Dongguan, Guangdong province. [Photo by ZHAN YOUBING/FOR CHINA DAILY] South China’s Guangdong province aims to boost annual revenue from its biopharmaceutical and health sector to over 1 trillion yuan ($141.55 billion) by 2027 from 663.8 billion yuan last year, according to an action plan…
An aerial view of a housing project under construction in Hangzhou, Zhejiang province, in June.[LONG WEI/FOR CHINA DAILY] HANGZHOU – The eastern Chinese city of Hangzhou has announced that it will reduce the minimum down payment ratio for commercial housing mortgages, becoming the country’s latest major city to further relax real estate policies. The capital…
The launch of an integrated innovation base project in Northwest China’s Xinjiang Uygur autonomous region marks a significant milestone for China’s energy sector, as Xinjiang becomes the first in China to apply second-generation direct coal liquefaction technology, said experts. With a total investment of 170 billion yuan ($24.06 billion), the project, located in Hami, Xinjiang,…
SHANGHAI – At a bustling camera store in Shanghai, young shoppers crowded around the shelves, eager to get their hands on the latest models. “My favorite influencer uses this camera to film,” said 26-year-old Li Yun while trying out a mirrorless model. “But it’s hard to get one. You have to enter a lottery and…
BEIJING – Yan Jinsheng still treasures the old dog license and pet nameplate for a dog he had raised nearly 40 years ago. “It used to cost as much as 5,000 yuan ($708.54) to get these in cities back then. Pure-breed dogs were a luxury for ordinary people,” said the 47-year-old pet enthusiast, who hails…
A residential property project is under construction in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY BEIJING – China will expand its “white list” mechanism to ensure that all eligible property projects have access to financial support. Financial institutions are required to timely disburse loans to eligible property projects and meet their reasonable financing needs, according…
BEIJING – China’s consumer prices steadied in September amid a sustained recovery of domestic demand, official data showed Sunday. The consumer price index (CPI), a main gauge of inflation, was up 0.4 percent year-on-year in September, lower from a 0.6-percent rise in August, the National Bureau of Statistics said. On a monthly basis, the CPI…