China may soon reinforce its commitment to stabilizing growth with bolder, innovative measures aimed at promoting a consumption-driven recovery, as weak domestic demand continues to weigh on corporate profits, said leading economists and analysts. They said such efforts would not only bolster confidence in achieving the country’s full-year growth target, but also enhance the appeal…
China will review and approve export applications for controlled items that meet the required criteria, while the United States will lift a series of restrictive measures previously imposed on China, said the Ministry of Commerce on Friday. The remarks came after China and the US reached a principled agreement during economic and trade talks held…
BEIJING – Chinese Vice-Premier He Lifeng met with Margarita Louis-Dreyfus, chairperson of the supervisory board of Louis Dreyfus Holding B.V., in Beijing on Wednesday. He, also a member of the Political Bureau of the Communist Party of China Central Committee, said that China is committed to comprehensively promoting high-quality development and is accelerating the construction…
A volunteer teacher works with students in Tielu Primary School in Langao county, Shaanxi province. [Photo provided to chinadaily.com.cn] A group of volunteer teachers in Northwest China’s Shaanxi province have been promoting rural vitalization and aiding the Ministry of Education’s efforts to narrow the urban-rural education gap. At Tielu Primary School, which is tucked deep…
BEIJING – Economic and trade teams from China and the United States have recently further confirmed the details on the framework for implementing the important consensus reached by the two heads of state during their phone talks on June 5, and consolidating the outcomes of the economic and trade talks in Geneva, a spokesperson for…
Participants attend a forum of the Summer Davos in Tianjin on Wednesday. ZOU HONG/CHINA DAILY ISTANBUL — Amid global economic headwinds and profound technological transformations, the Summer Davos Forum provides a platform for fostering dialogue on trade, innovation, and international cooperation, a Turkish expert has said. The Summer Davos Forum, also known as the Annual…
Tommy Evensen (right) and his business partner Zhao Zhiqiang on a trip in Norway in June 2023. [Photo provided to chinadaily.com.cn] A fateful phone call from a Chinese friend propelled Norwegian entrepreneur Tommy Evensen into a textile venture, kicking off his pursuit of the Chinese dream in Wuxi, East China’s Jiangsu province. Thirteen years ago,…
TIANJIN – Pet owners are splurging on smart litter boxes, blind boxes are flying off shelves overseas after going viral in China, and new tea drinks are becoming the go-to choice for young people. With continuously optimized retail efficiency and the rising spending power of young consumers, China’s consumption sector has witnessed a notable shift…
A WeRide driverless minibus is seen in Barcelona, Spain in March. DAVID ZORRAKINO/EUROPA PRESS/GETTY IMAGES Chinese autonomous driving companies are accelerating steps to expand their presence overseas and increase robotaxi fleets — a move which industry experts said will bolster the large-scale commercial application of self-driving vehicles globally. The enterprises boast relatively abundant experience in…
Premier Li Qiang and other guests attend a symposium with representatives of the foreign business community during the World Economic Forum’s Annual Meeting of the New Champions, also known as the Summer Davos, at the National Convention and Exhibition Center in Tianjin on Wednesday. ZOU HONG/CHINA DAILY Premier Li Qiang said on Wednesday that in…