China’s GDP in 2024 reached 134,908.4 billion yuan, compared to 129,427.2 billion yuan in 2023, reflecting a nominal growth rate of about 4.23%. With real GDP growing by 5%, this suggests that overall prices saw a drop, with the GDP deflator for 2024 at 99.27.In 2024, the rise in the goods surplus accounted for 23%…
[Photo/wicinternet.org] The World Internet Conference (WIC) Digital Academy hosted a WIC·MIC (Mentor Insights Connection) event in Beijing on Jan 17, bringing together key figures from the Digital Central Axis project to explore how technology is shaping the preservation and revitalization of cultural heritage. Part of WIC·MIC’s digital culture series, the event attracted more than 60…
A view of the Chinese-built Mohammed bin Rashid Al Maktoum Solar Park in Dubai, the United Arab Emirates, in September. XINHUA DUBAI — When you drive south from Dubai toward the Mohammed bin Rashid Al Maktoum Solar Park, a dazzling light sphere resembling an artificial sun comes into view across the desert from over 20…
Swiss Re continues to see China as an attractive investment destination, as the country is still on track of robust economic growth by global standards despite rising external uncertainties, said Jerome Jean Haegeli, group chief economist of the international reinsurance provider. “We remain committed to being here (in China) for the long term, and we…
Over the past five years, China has surged ahead to become a global leader of high-level technology talent while the United States has experienced an apparent decline, underscoring a seismic shift in the global innovation landscape between two of the world’s largest economies, according to a report. Released by Dongbi Data, a Chinese technology and…
Employees inspect the Basra Natural Gas Liquids project built by China Petroleum Engineering and Construction Corporation in Basra, Iraq, in December. DUAN MINFU/XINHUA BASRA — Hussein takes a deep breath as he rolls down his car window during his morning commute, an unthinkable act just a few years ago when black smoke dominated the skyline…
Visitors gather at DHL’s booth during the seventh China International Import Expo in Shanghai in November. HU XUEBAI/FOR CHINA DAILY China’s push to strengthen foreign trade through new policies presents fresh opportunities for logistics firms like DHL to expand, with the company reaffirming its long-term commitment to the market, said DHL Group CEO Tobias Meyer.…
China’s gross domestic product expanded by 5 percent in 2024 – meeting the country’s preset annual growth target of around 5 percent, fueled by a slew of policy measures taking effect gradually last year, official data showed on Friday. The country’s annual GDP came in at 134.9 trillion yuan ($18.4 trillion) in 2024, according to…
A deliveryman for Meituan, the country’s on-demand service platform, delivers food in Beijing. [Photo provided to chinadaily.com.cn] BEIJING – Strolling down the streets of almost any city in China, one is sure to encounter a familiar sight: electric bike riders in bright yellow or blue uniforms, weaving through cars and pedestrians with bags of meals…
An L8 is among Li Auto’s vehicles displayed at the Guangzhou auto show. [Photo by Li Fusheng/chinadaily.com.cn] NANJING – Chinese new energy vehicle (NEV) manufacturer Li Auto on Friday inaugurated its first overseas research and development (R&D) center in Munich, Germany, in a milestone move signaling deepening ties between China and Germany in the burgeoning…