Further efforts are needed to propel the large-scale equipment upgrade and consumer goods trade-in program, so as to further unleash consumer and investment demand, said national legislators and political advisers. The strategic move, discussed during the recently concluded two sessions, is vital for expanding domestic demand and fostering the growth of the circular economy, they…
File photo shows the People’s Bank of China in Beijing, capital of China. [Photo/Xinhua] BEIJING – The China Banking Association and the All-China Federation of Industry and Commerce jointly issued a proposal on Monday, calling on the country’s banking financial institutions to use more concrete measures to enhance services for private enterprises. The proposal calls…
An employee checks an intelligent production line at a textile plant in Qingdao, Shandong province. LIANG XIAOPENG/FOR CHINA DAILY China’s sharpening focus on cultivating new quality productive forces and bolstering technological innovation will drive industrial upgrades and inject strong impetus into the country’s economic growth, while offering immense business opportunities for investors both at home…
China’s economic growth is on course to achieve its annual target of “around 5 percent” for 2025, driven by the country’s massive domestic market, robust demand from both home and abroad, and supportive policies aimed at boosting innovation and emerging industries, said Lin Shen, an associate research fellow at the Chinese Academy of Social Sciences’…
A booklet that brought together 58 Japanese business managers to share management experience, circling human resources, was released at a conference held by China International Intellectech Co Ltd in Shanghai on Friday. [Photo provided to chinadaily.com.cn] More than 320 senior managers and human resources executives from 200 Japanese companies gathered at a conference held by…
Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Xinhua] China’s central bank has signaled a measured approach to monetary easing this year, pledging to maintain ample liquidity to support economic recovery, according to a statement released on Thursday following a meeting held by the People’s Bank of…
The United States’ plan to impose substantial port docking fees on Chinese ships is likely to be passed on to the consumers in the US, according to Zhou Dequan, chief economist of the Shanghai International Shipping Institute. The US Trade Representative (USTR) on February 21 proposed hefty fees on Chinese-built vessels entering US ports to…
A salesman shows how to use a car’s central control system to a potential buyer at a 4S store in Hohhot, Inner Mongolia autonomous region, on March 5. DING GENHOU/FOR CHINA DAILY BEIJING — Vowing to make domestic demand “the main engine and anchor of economic growth”, China’s policymakers have sent fresh and firm signals…
An undated photo shows an elderly woman dining at a nursing home in Hangzhou, East China’s Zhejiang province. [Photo by Sun Yidou/For China Daily] With increasing policy support and market innovation, a more diversified and vital pension finance market is being formed in China amid rapid population aging. Pension finance, put forward as one of…
A meeting on high-quality business development and high-level opening-up in Yangpu took place at the Shanghai People’s City Practice Exhibition Hall on Friday. [Photo by He Qi/chinadaily.com.cn] A meeting on high-quality business development and high-level opening-up in Yangpu district took place at the Shanghai People’s City Practice Exhibition Hall on Friday. Certificates were awarded to…