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Consumers check out at a supermarket in Yangzhou, East China’s Jiangsu province, July 9, 2026. [Photo/Xinhua] China on Monday released its first five-year plan dedicated exclusively to expanding consumption, marking a significant upgrade in the top-level design for buoying domestic consumption. With consumption having grown into the primary engine of China’s economic growth, the plan…

A senior Chinese central bank official said on Wednesday that the renminbi exchange rate is expected to continue fluctuating in both directions, as a range of factors will exert both upward and downward pressure on the currency. Geopolitical tensions and uncertainties over monetary policy in major economies remain the key external factors influencing the renminbi,…

China’s economy expanded 4.7 percent year-on-year in the first half of 2026, demonstrating resilience as advanced manufacturing, robust exports and emerging growth drivers helped cushion mounting external uncertainties, official data showed on Wednesday. New growth drivers accounted for more than two-fifths of economic growth during the period, highlighting the Chinese economy’s continued transition toward innovation-led…

The China-proposed Belt and Road Initiative is demonstrating robust vitality as its westward cooperation with Central Asia deepens and its southward New International Land-Sea Trade Corridor sees surging freight volumes, creating a highly integrated trade network, experts said. The westward momentum is anchored by the ongoing implementation of an action plan for high-quality Belt and…