Liao Min, vice-minister of finance, Li Xianzhong, director general of the Comprehensive Department of the Ministry of Finance (MOF), and Yu Hong, director general of the Department of Finance of the MOF, attend a press conference held by the State Council Information Office (SCIO) on implementing a proactive fiscal policy for high-quality economic and social…
China will continue to expand high-level opening-up and steadily advance institutional opening-up, officials said on Monday, as the Investment Promotion Agency of the Ministry of Commerce unveiled an extensive program of domestic and overseas promotion activities for 2026. The Chinese and Foreign Investment Promotion Agencies Conference, hosted by Investment Promotion Agency in Beijing, is part…
China will continue to expand high-level opening-up and steadily advance institutional opening-up, officials said on Monday, as the Investment Promotion Agency of the Ministry of Commerce unveiled an extensive program of domestic and overseas promotion activities for 2026. The Chinese and Foreign Investment Promotion Agencies Conference, hosted by Investment Promotion Agency in Beijing, is part…
Deputy Director-General Zou Ciyong from the United Nations Industrial Development Organization (UNIDO) praises the rapid development and tremendous potential of the Indonesia Morowali Industrial Park (IMIP)—a landmark project between China and Indonesia under the Belt and Road Initiative framework. [Photo provided to chinadaily.com.cn] A senior official from the United Nations Industrial Development Organization (UNIDO) has…
China’s gross domestic product expanded by 5 percent in 2025 despite pressures, meeting the country’s preset annual growth target of around 5 percent, official data showed on Monday. The country’s annual GDP came in at 140.19 trillion yuan ($20.13 trillion) in 2025, according to the National Bureau of Statistics. For the fourth quarter of 2025,…
Participants explore exhibits at the “Thousand Museums and Porcelain Pieces” in the Digital-Intelligent Exhibition Hall in Jingdezhen, Jiangxi province, during the World Internet Conference event “Journey into Outstanding Cases – Journey into the Digital Porcelain Capital”, on Jan 15, 2026. [Photo provided to chinadaily.com.cn] The World Internet Conference organized an event themed “Journey into Outstanding…
Alexander Pollich, Porsche China CEO Porsche is reaffirming its long-term strategy in the Chinese market, emphasizing brand value over short-term sales growth amid a complex and evolving luxury auto landscape. Like most global car brands, the German sports carmaker saw its sales fall in China in 2025, faced with pressure from an increasingly competitive market…
Consumers check out an XPeng new energy sedan at a shopping mall in Wuhan, Hubei province, on Jan 14. ZHAO JUN/XINHUA China’s automobile industry set records in both production and sales in 2025, maintaining its top position globally for the 17th consecutive year, according to the China Association of Automobile Manufacturers. New energy vehicles and…
Consumers check out an XPeng new energy sedan at a shopping mall in Wuhan, Hubei province, on Jan 14. ZHAO JUN/XINHUA China’s automobile industry set records in both production and sales in 2025, maintaining its top position globally for the 17th consecutive year, according to the China Association of Automobile Manufacturers. New energy vehicles and…
BEIJING – The People’s Bank of China, the country’s central bank, announced on Wednesday that it will conduct a 900-billion-yuan ($128.35 billion) outright reverse repo operation on Thursday to maintain ample liquidity in the banking system. The operation will be carried out with a fixed quantity through interest-rate bidding, with winning bids determined at multiple…