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…
Oleg Deripaska, founder of RUSAL, one of the world’s largest aluminum producers, believes China’s economy will continue to be successful over the next decade and is very positive about China’s GDP projections. Having cooperated with Chinese counterparts for over 30 years, Deripaska considers China a very mature and reliable partner. Tanks to chinadaily.com.cn Please visit:…
China’s high-standard opening-up initiatives are paving the way for expanded growth opportunities for international businesses, said EY China Chairman Jack Chan recently. The remarks came after this year’s Government Work Report, released during the ongoing two sessions, said that China will further expand high-standard opening-up and actively stabilize foreign trade and investment. Chan underscored the…
A drone photo taken on Oct 17, 2024 shows the Chengdu Science City by the Xinglong Lake in Tianfu New Area, Southwest China’s Sichuan province. [Photo/Xinhua] Private entrepreneurs and deputies to the 14th National People’s Congress have given a thumbs-up to the business environment in Sichuan province. Zhong Bo, an NPC deputy and chairman of…
Senior citizens take rehabilitation training at an eldercare center in Rizhao, Shandong province. CAI YANG/XINHUA China should support capable State-owned enterprises, both centrally and locally administered, in developing community-based home care service systems, said a national legislator on Monday. SOEs have the advantages of funding, resource allocation, brand trust and industry synergy, which enable them to…
BEIJING – Improving people’s living standards remains a priority for China’s government work this year, Huang Lianghao, an official with the Research Office of the State Council, said in the latest episode of the China Economic Roundtable, an all-media talk show hosted by Xinhua News Agency. “This year’s government work report emphasizes prioritizing people’s livelihoods,”…
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CAI MENG/CHINA DAILY Almost all economists agree that a global trade war is a losing game for all, and will disrupt supply chains, inflate prices, defy the principles of comparative advantage and challenge World Trade Organization rules. Yet United States President Donald Trump sees tariffs not as an economic risk, but as a strategic tool…
A Spring Airlines aircraft lands at Shanghai Hongqiao International Airport in August. CHINA DAILY China should expand the scope of its unilateral visa-free policies and ramp up efforts in attracting foreign visitors, so as to further promote Chinese discourse and its narrative systems, said Wang Yu, president of Spring Airlines. Wang, who is also a member…