China is navigating a critical shift in its strategy to expand domestic demand, moving beyond short-term stimulus measures to focus on structural “core levers”, including income, wealth distribution and social security, according to a senior public finance economist. “Measures to improve the consumption environment or organize promotional campaigns are helpful in the short run. But…
As the country’s biggest holiday approaches, the Chinese New Year — especially this year’s extended nine-day break — has become a critical period for consumption, offering a vital window for retailers to bolster their performance. With consumption levels reaching their peak, this period represents a strategic opportunity to capture market share and engage with consumers’…
Visitors gather at the ninth China-Russia Expo in Yekaterinburg, Russia, on July 7. LIU KAI/XINHUA Trade volume between Russia and China has exceeded the $200 billion level for three consecutive years, injecting strong momentum into economic and trade cooperation and demonstrating the deep foundation and broad prospects of bilateral ties, officials and experts said. According…
China’s digital services exports hit a record high in 2025, propelled by the rapid global expansion of technology giants in cloud computing and artificial intelligence, helping the country more than double its digital trade surplus and partially fill a long-standing gap in overall services trade. Latest data from the State Administration of Foreign Exchange showed…
While Chinese regulators and car makers are making concerted efforts along the industrial chain to shape rules for the global autonomous driving industry, executives from leading manufacturers of self-driving vehicles in the United States are busy painting Beijing’s rapid advances in the sector as a so-called direct threat to Washington’s role. During last week’s US…
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Harbin Ice and Snow World, the world’s largest ice and snow theme park [Photo/CFP] The Harbin International Ice and Snow Festival is an annual winter… Read More »Harbin’s ice and snow festival one of the biggest in the world
Chinese railway operators have intensified measures to safeguard thermal coal transport. To ensure the safe operation of heavy-load trains on the Datong-Qinhuangdao Railway, which transports some 350 million metric tons of coal each year, maintenance workshop staff members of Hudong Electric Locomotive Depot in Shanxi province have introduced a “three inspections and one verification” system,…
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