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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…

China eyes 4.5-5% growth in 2026 as flexible target anchors expectations

China has set a GDP growth target of 4.5-5 percent for 2026, a range economists say signals a more flexible policy stance that can stabilize market expectations while giving policymakers greater room to fine-tune macro measures to sustain stable growth and advance higher-quality development. Compared with the government work reports from 2023 to 2025, the…

‘AI lobster’ propels launch of localized Chinese products

An artificial intelligence-powered digital personal assistant developed by an Austria-born millennial inventor — and acquired by the United States-based company OpenAI — has taken the world by storm, sending Chinese tech giants into a scramble to launch localized versions of the open-source AI tool while prompting regulators to warn of potential security risks. OpenClaw is…

GDP growth target for 2026-2030 reflects pursuit of high-quality development: official

BEIJING — The gross domestic product growth target set by the draft outline of China’s 15th Five-Year Plan (2026-30) has fully reflected a distinct orientation toward high-quality development by embedding quantitative requirements within a qualitative framework, an official said Saturday. Zheng Bei, deputy head of the National Development and Reform Commission, made the remarks at…

Government stepping up policy support to drive economic growth

A news conference on China’s economic policies gets underway on Friday in Beijing during the fourth session of the 14th National People’s Congress, China’s top legislature. Wang Xi/Xinhua China is stepping up policies to boost domestic demand and consumption this year to ensure it achieves its 2026 growth target and starts the 15th Five-Year Plan…

Nation’s GDP target heralds steady growth

China’s aim for a GDP growth rate of at least 4.5 to 5 percent in 2026 balances the need to maintain solid expansion with a continued shift toward higher-quality development, experts said. On Thursday, Premier Li Qiang delivered the Government Work Report at the opening of the fourth session of the 14th National People’s Congress,…

41% of EU railway lines have 2 or more tracks

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China to set up national M&A fund to support venture capital investment

BEIJING – China will establish a national-level mergers and acquisitions (M&A) fund this year to further smoothen exit channels for venture capital investment and improve capital turnover efficiency, head of the country’s top economic planner said Friday. The fund is expected to guide and leverage more than 1 trillion yuan ($145 billion) of investment from…