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Experts: China’s economy expects to pick up in 2023

The skyline of Beijing. [Photo/VCG] The recent Central Economic Work Conference pointed out that the foundation of China’s economic recovery is not yet solid, and with the triple pressures of shrinking demand, supply shocks and weakening expectations still relatively large. The volatile external environment is having a deepening impact on the Chinese economy. However, the…

PDD seeks bigger role in employment market

Chinese online discounter PDD Holdings has provided a large number of job opportunities for the traditional labor force and expanded the employment space for disadvantaged groups while playing a vital role in rural vitalization and community development, a report said. Industry experts said internet platforms, as carriers of new employment forms, connect millions of small,…

Innovation key for young entrepreneurs

The 7th All-China Young Entrepreneurs Conference was held on Tuesday. [Photo provided to chinadaily.com.cn] At the 7th All-China Young Entrepreneurs Conference held on Tuesday in Hangzhou, East China’s Zhejiang province, prominent Chinese business leaders, industry experts and government officials delivered a key message to the country’s next generation of private entrepreneurs: when faced with pressure,…

Innovation behind China’s ‘egg freedom’

Staff select laying hens from chicks at Beijing Huadu Yukou Poultry Industry Co Ltd in Pinggu district, Beijing, on April 12. WEI TONG/FOR CHINA DAILY With 10,200 sets of Jing-series laying hens being exported to Tanzania on March 17, China continues its livestock and poultry contribution to the Belt and Road Initiative. The first Jing-series…

Chinese beverage, snack companies going overseas

A view of Eastroc Beverage’s sales area at a supermarket in Nanjing, Jiangsu province, in September. CHINA DAILY In 2023, Eastroc Beverage began charting a path into international markets. The company, which has built a stronghold in China’s competitive energy drinks sector, is now seeking to replicate its success abroad, eyeing markets from Southeast Asia…

Viking gearing up for ‘big’ cruise tourism wave

A Viking cruise ship docks at a port in Shanghai on March 22, 2024. By 2035, some 14 million Chinese consumers are expected to take cruise trips annually, according to a forecast by the Cruise Lines International Association. WANG GANG/FOR CHINA DAILY International cruise line Viking said it believes the growth potential of the cruise…

China likely to contribute around quarter of global growth in 2025, says IMF official

China is expected to contribute around a quarter of global growth this year, which is a “very important contribution”, said Marshall Mills, senior resident representative of the International Monetary Fund in China. In an exclusive interview with China perspectives on the sidelines of the 2025 Tsinghua PBCSF Global Finance Forum, Mills said there might be…

AI helps boost business development in China’s Yiwu

Sun Lijuan is pictured at the Yiwu International Trade Mart in Yiwu, East China’s Zhejiang province, May 20, 2025. [Photo/Xinhua] Sun Lijuan is among the first merchants to utilize artificial intelligence (AI) for foreign trade at the Yiwu International Trade Mart in Yiwu, an international hub for the production and trade of small commodities. Her…

Smart tech turns pet industry into gold mine

Visitors explore smart pet products at the Petkit booth during the 26th Pet Fair Asia held in Shanghai last year. [Photo provided to China Daily] On a typical morning in Beijing, Jiang Nan, a 35-year-old tech-savvy cat owner, doesn’t worry about feeding or cleaning up after his three feline companions. A smart feeder dispenses measured…

Guideline eyes maximizing innovation

Authorities unveiled a guideline on improving the modern corporate system with Chinese characteristics, which analysts said will help put businesses in a better position to enhance their innovation capability, and bring competitiveness more in line with shifting market dynamics. The guideline, along with the private sector promotion law passed in late April, will foster a…