Shoppers browse air conditioners at a shop in Chongqing. LIU HUI/FOR CHINA DAILY GUANGZHOU — As scorching heat waves grip the globe this summer, air conditioners are fast becoming essential household appliances, fueling a boom in sales both domestically and abroad. A local resident of Panjin in Northeast China’s Liaoning province, surnamed Dong, described the…
A view of a Kuaishou cross-border livestreamer at the seventh China International Import Expo in Shanghai in November 2024. [Photo/Xinhua] The sustained expansion of China’s trade in services will remain a key driver of the country’s broader economic growth and has emerged as a new magnet for foreign investment, said market observers and business executives.…
The financial district of Pudong New Area. [Photo by Gao Erqiang/China Daily] Additional policy stimulus may be needed later this year to reinforce the growth momentum of the Chinese economy and support employment, as July data pointed to renewed downward pressures, economists and analysts said. While extreme weather weighed on overall economic activity last month,…
Eyeing retirees’ rich experience, better time flexibility and lower hiring costs in China, companies such as McDonald’s and Universal Beijing Resort are showing stronger interest in hiring people in this demographic group, a practice long in place but recently under the spotlight again. McDonald’s China’s old recruitment poster for retired staff recently circulated online, causing…
China’s industrial production maintained its solid growth momentum in July, with value-added output from major industrial enterprises rising 5.7 percent year-on-year and 0.38 percent month-on-month, driven by strong performances in equipment manufacturing and high-tech sectors, which expanded by 8.4 percent and 9.3 percent respectively, official data showed on Friday. Figures released by the National Bureau…
Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. [Photo/Agencies] BEIJING — China has completed the issuance of 188 billion yuan ($26.35 billion) of ultra-long special treasury bonds in 2025, supporting the implementation of large-scale equipment upgrades across key sectors, the National Development and Reform Commission (NDRC) announced…
BEIJING — During last month’s third China International Supply Chain Expo (CISCE), overseas exhibitors made up 35 percent of participants — up 3 percentage points on 2024 and 9 points on the inaugural 2023 edition — with industry giants like Honeywell, GE Healthcare and Siemens already securing their spots for next year, underscoring foreign firms’…
China will offer a new loan interest subsidy for businesses in eight eligible categories of the service sector, which officials and analysts said is an innovative step to enhance service offerings and spur spending appetites that will help the country meet its annual growth targets. “With an interest subsidy ratio of 1 percent, every 1…
The signs of a bull run are slowly but steadily emerging in China’s A-share market, underpinned by ongoing structural reforms and sustained long-term capital inflows. Experts said the developing rally is expected to gain further traction on the back of policy support and a gradually improving external environment. Their remarks came on Wednesday as the…
A trainee drives an AI-driven training vehicle at the Xinlong driving school in Dongyang, East China’s Zhejiang province, July 5, 2025. [Photo/Xinhua] China’s top market regulator and the Ministry of Industry and Information Technology have issued a draft notice seeking public feedback on tighter oversight of recalls, production consistency and marketing practices for intelligent connected…