Guests learn about a product at an exhibition during the 2026 China Smart Energy Conference in Chengdu, Southwest China’s Sichuan province, July 9, 2026. [Photo/Xinhua] China’s foreign trade grew by 16.9 percent on a yearly basis to 25.47 trillion yuan ($3.76 trillion) in the first half of 2026, according to data released by the General…
Chinese Premier Li Qiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, convenes a symposium featuring experts and entrepreneurs to seek their opinions on the current economic situation and economic work in the next stage, in Beijing, July 13, 2026. [Photo/Xinhua] BEIJING — Chinese…
Foreign tourists visit the Qilou Old Street in Haikou, South China’s Hainan province, May 9, 2026. [Photo/Xinhua] China’s economy maintained steady improvement in the first half of the year, with consumption continuing to recover and high-tech industries gathering momentum, according to data released by the State Information Center under the National Development and Reform Commission,…
An aerial drone photo taken on May 9, 2026 shows a China-Europe freight train bound for Hamburg, Germany departing from Putian Railway Station in Zhengzhou, Central China’s Henan province. [Photo/Xinhua] Despite uncertainty over global demand stemming from ongoing geopolitical conflicts, China’s exports are expected to remain a key driver of economic growth in 2026, supported…
China has unveiled its first five-year blueprint dedicated to boosting consumption, signaling a strategic shift toward making household spending a stronger engine of economic growth as the world’s second-largest economy seeks to build a more resilient and demand-driven economy by 2030, experts and business executives said. The plan, approved by the State Council, China’s Cabinet,…
China’s retail sales of consumer goods are expected to reach around 60 trillion yuan ($8.85 trillion) by 2030, with consumption playing a stronger role in driving economic growth, according to a five-year plan aimed at expanding domestic demand and boosting consumption. The plan, approved by the State Council, China’s Cabinet, on Monday, seeks to further…
Banks in Guangdong launched a cross-border remittance service earlier this month, allowing Hong Kong seniors receiving portable cash assistance to have their allowance deposited directly into mainland bank accounts, clearing a key barrier for Hong Kong retirees settling in the province. Hong Kong’s Social Welfare Department (SWD) announced last week that eligible seniors may now…
Kan Wei Jin, legal representative of DNV (China) Co Ltd, said that as a foreign enterprise that has been rooted in Changning district in Shanghai for many years, it has experienced Changning’s consistent efforts in building a high-quality business environment. “What stands out most to us is the district government’s ability to understand business needs,…
People visit the exhibition area of Digital Technology during the Fourth China International Supply Chain Expo (CISCE) in Beijing, capital of China, June 23, 2026. [Photo/Xinhua] Throughout June, I traveled from Beijing to Urumqi in Xinjiang Uygur autonomous region to cover major trade events, including the fourth China International Supply Chain Expo and the ninth…
AI Global industrial chains and structures are constantly evolving, alternating between periods of relative stability and of profound disruption. Industrial restructuring refers to periods of accelerated change, such as the one currently underway. The forces behind such restructuring can broadly be divided into two categories: geopolitical competition and technological change. The two are closely intertwined,…