A clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] China will employ a package of targeted measures to further address local government debt this year, with a particular focus on accelerating the debt swap program, reforming local government financing vehicles and curbing the accumulation of new hidden debt, officials and analysts…
A view of the booth of Bank of China during an expo in Fuzhou, Fujian province. CHEN BIN/FOR CHINA DAILY BEIJING — Bank of China will step up financial support to bolster high-quality development of private enterprises and facilitate their overseas expansion, as the private sector serves as a key engine driving China’s economic development. The…
Volunteers celebrate the Chongyang (Double Ninth) Festival at a community in Luoyang, Henan province, on Oct 10.The Chongyang Festival is dedicated to paying respect for the elderly. HUANG ZHENGWEI/FOR CHINA DAILY When a 78-year-old quantum physics professor goes viral “dissecting “Schroedinger’s cat on short-video platform Douyin, when silver-haired models from Hangzhou, Zhejiang province, strut defiantly…
Foreign investors’ renewed interest in the Chinese market is likely to surge this year, driven by intensified policy efforts to revive domestic consumption and an innovation boom rippling through the economy, executives and analysts said. Anticipating swift implementation of the recently announced monetary and fiscal stimulus measures, they said that additional policy support may be…
CAI MENG/CHINA DAILY Looking back at 2024, Chinese equities delivered strong returns, outperforming most stock markets outside of the United States. However, it certainly didn’t feel that way last year, as Chinese shares were among the most volatile equity markets, exhibiting sharp ebbs and flows. So far this year, China has been one of the…
Engineers train a humanoid robot to gather information at a robot factory in Shanghai on Feb 18. TANG YANJUN/CHINA NEWS SERVICE China’s unswerving support for the private sector will significantly boost confidence and expectations among entrepreneurs, and revitalize the growth of the world’s second-largest economy, while motivating private enterprises to play a bigger role in driving…
This file photo shows the Shenzhen Stock Exchange in Shenzhen, South China’s Guangdong province. [Photo/Xinhua] While China is undergoing economic restructuring featured by the rapid development of new quality productive forces, the capital market will also be buoyed by emerging industries and technologies, said experts. While the US stock market tumbled for two consecutive days…
Chinese players in the electric vehicle field and related businesses are gearing up for a positive impact in the growing Australian market and beyond, with their presence keenly felt most recently in both the public and private sectors at a major industry event. At the Everything Electric show in Sydney, Chinese EV manufacturers took center…
Shoppers browse digital products offering trade-in subsidies at a store in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY China has largely scaled up its fiscal firepower toward consumption-boosting initiatives — a top priority on the country’s policy agenda for the year ahead — in order to offset sluggish homebuying appetites and possible shocks to overseas…
The Great Hall of the People in Beijing, capital of China. [Photo/Xinhua] China’s recently announced policies and development direction, including those from the two sessions, signal a new phase of high-standard opening-up marked by “mutual empowerment”, according to both domestic and multinational companies. They said on Tuesday that “mutual empowerment” is a two-way process in…