Vehicles loaded onto containers at Yantai Port in Shandong province on July 15. [Photo/Xinhua] China’s economy showed resilience in the first half of the year, as new growth drivers gathered momentum alongside policy support and a recovery in domestic demand, although relatively weak domestic consumption and an uncertain external environment remain key challenges, a senior researcher…
A ship production base in Taizhou, Jiangsu province, on Jan 11. [Photo/Xinhua] China’s economy expanded 4.7 percent year-on-year in the first half of 2026, the National Bureau of Statistics said on Wednesday, in a sign of its resilience amid mounting external headwinds. In the second quarter, the economy grew 4.3 percent from a year earlier,…
Customers select imported goods at Jinyi Comprehensive Bonded Zone in Jindong district of Jinhua city, East China’s Zhejiang province, July 7, 2026. [Photo/Xinhua] China has set a goal of raising total retail sales of consumer goods to around 60 trillion yuan ($8.8 trillion) by 2030 and further strengthening consumption’s role in driving economic growth, according…
Customers select imported goods at Jinyi Comprehensive Bonded Zone in Jindong district of Jinhua city, East China’s Zhejiang province, July 7, 2026. [Photo/Xinhua] China has set a goal of raising total retail sales of consumer goods to around 60 trillion yuan ($8.8 trillion) by 2030 and further strengthening consumption’s role in driving economic growth, according…
Beijing is accelerating its high-level institutional opening-up by leveraging the Integrated National Demonstration Zone for Opening up the Services Sector and the China (Beijing) Pilot Free Trade Zone, driving robust economic growth and attracting significant foreign investment, officials said. Over the past five years, the Chinese capital has witnessed its GDP consecutively cross the 4-trillion-yuan…
A view of the Shanghai’s Lujiazui financial center from the Bund. [Photo by Wang Gang/For chinadaily.com.cn] China’s gross domestic product expanded by 4.7 percent to reach 69.57 trillion yuan in the first half of 2026, the National Bureau of Statistics said on Wednesday. China’s value-added industrial output, an important economic indicator, rose 5.4 percent year-on-year…
A cargo ship docks at a port in Lianyungang, East China’s Jiangsu province, on Tuesday. WANG CHUN / FOR CHINA DAILY China’s foreign trade is expected to maintain steady growth momentum in the second half of 2026, supported by a strong innovation drive and resilient market players, further reinforcing the country’s role as a source of…
HAIKOU – South China’s island province of Hainan has set the goal of banning the sale of combustion-engine cars by 2030, taking the lead in the country’s transition toward new energy vehicles (NEVs). By 2030, all newly added and replaced private vehicles, as well as all new and replacement vehicles in public service and commercial…
A passenger sits in an Etihad Rail train, the first passenger train in the United Arab Emirates, on its inaugural journey at Mohamed bin Zayed City station in Abu Dhabi on June 30. FADEL SENNA/AFP The trial operation of the United Arab Emirates’ first passenger railway, which connects Abu Dhabi and Fujairah, marked the official…
China’s foreign trade in goods rose 16.9 percent year-on-year in the first half of 2026 to 25.47 trillion yuan, according to the General Administration of Customs on Tuesday. In June alone, the country’s goods imports and exports totaled 4.78 trillion yuan, up 24.2 percent from a year earlier. Related story: China’s foreign trade surges 16.9%…