China’s A-share market surged to a fresh milestone on Monday, with total market capitalization exceeding 100 trillion yuan ($14 trillion), buoyed by robust trading activity, improving investor sentiment and sustained capital inflows. Analysts said that the rally may extend further amid accelerating reform measures by policymakers to improve returns to investors, the country’s accelerated economic…
BEIJING — Zou Lan, deputy governor of the People’s Bank of China (PBOC), the central bank, highlighted the important role of movable property financing in an article made public on Monday. Movable property financing, as an important financing method, is gradually becoming a crucial tool for enterprises, especially micro, small and medium-sized enterprises, to address…
Visitors attend the 22nd China Digital Entertainment Expo & Conference, or ChinaJoy, in Shanghai on Aug 2. XU PEIQIN/FOR CHINA DAILY Chinese electronic games are continuously thriving in global markets, and are increasingly becoming carriers of culture to promote cross-cultural understanding and exchanges as a new universal language, said industry experts during the recent 22nd China…
China has consistently provided much-needed loans to other nations across the Global South, based on their development priorities and repayment capacity, analysts said, citing recent research that counters claims portraying the country as a primary driver of so-called “debt traps” in lower-income countries. Through concessional financing aimed at supporting infrastructure and industrialization, China has helped…
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…