Visitors check out Alibaba Cloud services during a high-tech conference in Hangzhou, Zhejiang province, in September. LONG WEI/FOR CHINA DAILY China will expedite pilot programs to further open up its services sector in key areas such as cloud computing, biotechnology and wholly foreign-owned hospitals, as part of broader efforts to create a more favorable environment…
An exhibitor arranges coffee products on show during a China-Africa trade expo in Changsha, Hunan province. ZHANG WEI/CHINA DAILY More African agricultural products such as Ethiopian coffee beans and Tanzanian cashew nuts have appeared on the dining tables of Chinese consumers, fueled by China’s preferential tariff policies and an increasing appetite for different specialties. Benefiting from…
China will make greater efforts to anchor real estate market expectations and help the market to bottom out and recover, the State Council, the nation’s Cabinet, said on Friday. Chinese authorities have pledged to conduct a comprehensive survey of available land and ongoing real estate projects nationwide, according to a State Council executive meeting chaired…
The United States’ latest move to add tariffs on a range of imported household appliances starting later this month will prompt Chinese home appliance manufacturers and exporters to realign supply chain networks and diversify business layouts in emerging markets to navigate tariff challenges, experts said on Friday. They noted that Washington’s recent expanded tariffs on…
An employee works on a production line for low-temperature yogurt in Shenyang, Liaoning province, in September 2021. CHINA DAILY As China’s chilled yogurt market undergoes a health-focused shift, Oarmilk Greek Yogurt has stood out for its high-protein positioning, targeting mid-income families who are health-conscious and experiencing double-digit growth on a yearly basis. Founder and CEO…
China’s economy is projected to grow by 4.5 percent in 2025 and 4 percent in 2026, with fiscal policy cushioning the slowdown pressures due to global trade restrictions and uncertainty, said the latest China Economic Update of the World Bank Group. According to the update released on Friday, as global trade restrictions and uncertainty weigh…
Tourists watch a robot show at Taizhou city, East China’s Zhejiang province, May 4, 2025. [Photo/Xinhua] BEIJING – Unleashing consumption potential will help sustain economic growth in China, according to a World Bank report published in Beijing on Friday. Policy support has helped boost China’s consumption and spurred a rise in home sales in major…
China’s foreign trade grew by 2.5 percent year-on-year to 17.94 trillion yuan ($2.5 trillion) in the first five months of 2025, data from the General Administration of Customs showed on Monday. In the meantime, the country’s exports rose 7.2 percent on a yearly basis to 10.67 trillion yuan, while imports declined 3.8 percent year-on-year to…
China and other developing economies are accelerating currency cooperation and payment system integration amid waning trust in the US dollar, with experts calling it a pragmatic move that could expand in scope and scale, and inject fresh momentum into global financial stability. “Recent momentum shows China is accelerating renminbi internationalization through multilateral cooperation, further improving…
China is poised for long-term growth, led by innovation and entrepreneurship, despite macroeconomic headwinds and rising global uncertainties, according to a top management expert. “There are some current macroeconomic challenges … But as a firm believer that China creates prosperity through innovation and new technology, and given how that is evolving here in China, I…