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China unveils first batch of firms listed on SSE’s sci-tech growth tier

BEIJING — The Shanghai Stock Exchange (SSE) on Tuesday released the first batch of enterprises listed on a sci-tech growth tier on the country’s Nasdaq-style Science and Technology Innovation Board, also known as the STAR Market. The move came after the China Securities Regulatory Commission (CSRC), the country’s securities regulator, announced on June 18 this…

Nation set to cultivate new growth drivers

Editor’s note: The fourth plenary session of the 20th Communist Party of China Central Committee has adopted the recommendations for the 15th Five-Year Plan (2026-30), setting China’s development course for the next five years. China Daily is launching a new series dedicated to interpreting the plenum and the plan. China’s emphasis on the establishment of…

New five-year plan anchors certainty

The Political Bureau of the Communist Party of China Central Committee presides over the fourth plenary session of the 20th CPC Central Committee, which concluded in Beijing on Thursday. [Photo/Xinhua] China’s focus on high-quality development and opening-up in the next five years as mapped by the just-concluded fourth plenary session of the 20th Central Committee…

China, US reach initial consensus on key trade issues

  An aerial drone photo taken on Oct 24, 2025 shows Merdeka 118, the venue for the China-US economic and trade talks, in Kuala Lumpur, Malaysia. [Photo/Xinhua] China and the United States have reached preliminary consensuses on key issues including export controls, the extension of the 90-day tariff truce, fentanyl-related tariffs, the expansion of bilateral…

Profits of China’s major industrial firms up 3.2% in first nine months

A robotic arm works on the production line at Ypsomed Medical Devices Manufacturing (Changzhou) Company in the Sino-Swiss (Changzhou) International Industrial Innovation Park in Changzhou, Jiangsu province, on Sept 18, 2025. [Photo/Xinhua] BEIJING — Profits of China’s major industrial firms increased 3.2 percent year-on-year in the first nine months of 2025, official data showed Monday.…

Beijing unveils plan for International BioPark in E-Town to boost global pharma innovation

The skyline of the Beijing Economic-Technological Development Area. [Photo/VCG] Beijing has unveiled a plan for its International BioPark in the Beijing Economic-Technological Development Area, also known as Beijing E-Town, aiming to build a global hub for pharmaceutical and biotechnology innovation, local authorities said. The plan focuses on artificial intelligence, cross-disciplinary research, and regulatory innovation to…

Counter-cyclical measures should top consumption policy toolkit

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. [Photo by Gao Erqiang/China Daily] All measures to boost consumption should be prioritized following certain principles, after dividing consumption into four components — total income, primary distribution, secondary distribution and propensity to consume — and analyzing the factors influencing each part. The…

Household services consumption powers economy

CAI MENG/CHINA DAILY China is stepping up efforts to stimulate household services consumption, seeing the sector not only as a key lever for near-term growth, but also as a long-term strategy to upgrade the economic structure and meet people’s ever-growing need for improved living conditions. Boosting services consumption is about more than just spending. It…

Shanghai Hongqiao Intl CBD opens doors wider to global investors

Kong Fu’an, executive deputy director of the CBD’s administrative committee, presents Hongqiao’s investment opportunities to a global audience. [Photo provided to chinadaily.com.cn] The Shanghai Hongqiao International Central Business District (CBD), a key gateway for China’s global trade and a center for the Yangtze River Delta region, is opening its doors wider to investors and entrepreneurs.…

China’s GDP rises in Q3

A robot operates equipment on the assembly line of an automaker in Xi’an, Shaanxi province. YUAN JINGZHI/FOR CHINA DAILY China’s gross domestic product grew by 4.8 percent year-on-year in the third quarter following a 5.2 percent rise in the second quarter, the National Bureau of Statistics said on Monday. In the first three quarters, China’s…