Visitors watch a humanoid robot football game during the 2025 World Smart Industry Expo in Southwest China’s Chongqing municipality, on Sept 5, 2025. [Photo/Xinhua] In less than two months, China has fully allocated a new 500-billion-yuan ($70.3 billion) policy-based financial instrument to propel mainly tech-driven projects and urban renewal programs, which analysts see as a…
The Recommendations of the Central Committee of the Communist Party of China for Formulating the 15th Five-Year Plan for National Economic and Social Development will not only chart the course for the country’s development over the next five years, but also provide certainty and solid opportunities for the global economy, said Gao Yunlong, chairman of…
Fishermen operate their boats through waves in a marine ranch of Dinghai bay, Lianjiang county, Fuzhou city, Fujian province, on May 27, 2025. [Photo/Xinhua] BEIJING — China’s gross ocean product totaled 7.9 trillion yuan ($1.11 trillion) in the first three quarters of 2025, which was a year-on-year increase of 5.6 percent, demonstrating the marine economy’s…
The economic partnership between Singapore and China is poised for robust growth, setting new benchmarks for regional cooperation as both nations commemorate significant anniversaries, industry experts said. Singapore has entered a new era of high-quality, future-oriented partnership with China, setting the stage for deeper collaboration in new frontiers such as digital and green economies, said…
China’s iron and steel industry reported a 1.9-fold year-on-year increase in profits in the first three quarters, showing an improvement from a year earlier, Jiang Wei, vice-chairman and secretary-general of the China Iron and Steel Association, said at a press conference on Friday. However, the sector still faces pressure to balance supply and demand, he…
The outcomes of the China-US trade talks in Malaysia demonstrated the commitment of both sides to maintain stability in one of the world’s most important economic relationships and underscored Beijing’s firm stance in safeguarding its core interests, experts said. After weeks of escalating tensions, the two countries have stepped back from the brink, suspending some…
At present, China’s monetary policy remains supportive and relatively loose, with major interest rates hovering at historic lows. The low interest rate environment is expected to persist for some time, making the high-quality development of China’s capital market particularly important. From both domestic and international experience, monetary tightening can effectively curb rising prices, but monetary…
Customers inspect a range of BYD vehicles at a store in Qinhuangdao, Hebei province, in March. CAO JIANXIONG/FOR CHINA DAILY China is strengthening its position as the global leader in electric mobility, with near-universal satisfaction among domestic users. Up to 99 percent of Chinese battery electric vehicle owners said they would consider buying another BEV…
Industrial and Commercial Bank of China announced on Monday that it will temporarily suspend certain functions of its “ruyi gold accumulation” business starting Monday, citing macro policy adjustments and internal risk management requirements. According to the bank’s statement, applications for opening new accounts, initiating accumulation plans, or withdrawing physical gold will be put on hold.…
China will introduce a series of new measures to upgrade its duty-free shop policies starting Nov 1, 2025, in a bid to boost domestic consumption and attract more foreign visitors, according to a notice released on Thursday. The notice, jointly issued by the Ministry of Finance, Ministry of Commerce, Ministry of Culture and Tourism, General…