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Zhejiang’s tech growth underpins China’s stock market rally: PBOC governor

The rapid growth of technology and innovation-driven companies in Zhejiang province has provided key support for the recent rally in China’s stock market, the country’s central bank governor said. Pan Gongsheng, governor of the People’s Bank of China, made the remarks on Saturday while attending a deliberation with deputies from the delegation of Zhejiang province…

Global firms upbeat on China’s market

This aerial panoramic photo taken on Jan 10, 2023, shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in East China’s Shanghai. [Photo/Xinhua] China’s latest growth targets and policy priorities set out in the Government Work Report have boosted the confidence of multinational companies in the country’s economic outlook and…

Innovation key in pursuit of high-quality development

China is committed to pushing forward its high-quality development, with a focus on economic structural optimization and quality enhancement as outlined in the country’s new five-year plan, the nation’s top economic regulator said on Saturday. Zheng Bei, deputy head of the National Development and Reform Commission, made the remarks at a news conference in Beijing…

Moroccan ambassador to China: Chinese economy vital to the world economy

“If the Chinese economy goes well, the rest of the world economy will go well,” Abdelkader El ANSARI, the Moroccan ambassador to China, said in an interview with China Daily Website. He also highlighted the existing cooperation between China and Morocco in several key economic sectors and expressed his hope for more to come. Click…

Humanoid robots in training for real-world jobs

Humanoid robots perform with a child in Wuhan, Central China’s Hubei province, on Feb 24. Xiao Yijiu/Xinhua JINAN/HANGZHOU — At a “robot school” in East China’s Shandong province, dozens of humanoid robots are mimicking human engineers as they carry trays, fold clothes and fetch bottled water from the shelves, as part of their training for…

Foreign firms ride strong growth arc

A visitor tries a lung function testing device at AstraZeneca’s booth at the 8th China International Import Expo in Shanghai on Nov 7.Fan Yuqing/Xinhua A growing number of multinational corporations are deepening their roots in China amid global uncertainties, drawn by the country’s rapidly advancing innovation capabilities, the sheer scale of its domestic market, and…

Overseas visitors leave with bounty of bargains, memories

A foreign tourist who has just disembarked from a cruise ship begins her exploration in Shanghai on April 4. [Photo provided to China Daily] China, with targeted measures such as streamlining visa procedures and improving departure tax refund arrangements, has increasingly turned itself into not only a premier tourism destination but also an attractive shopping…

China eyes more balanced trade for economic resilience

China will “promote balanced trade” this year by expanding imports while stabilizing exports, a strategy that aims to turn its domestic market into development opportunities shared by trading partners worldwide, officials and economists said. “China will leverage its super-sized domestic market advantages to expand imports of agricultural products, quality consumer goods, advanced technology equipment and…

Capital mkt reforms to pick up pace

Wu Qing (center), chairman of the China Securities Regulatory Commission, at a news conference on the sidelines of the fourth session of the 14th National People’s Congress on Friday. Wang Jing/China Daily Continued efforts will be made to further improve the quality and expand the size of the Chinese capital market during the 15th Five-Year…

Capital mkt reforms to pick up pace

Wu Qing (center), chairman of the China Securities Regulatory Commission, at a news conference on the sidelines of the fourth session of the 14th National People’s Congress on Friday. Wang Jing/China Daily Continued efforts will be made to further improve the quality and expand the size of the Chinese capital market during the 15th Five-Year…