A view of high-speed trains at the China National Railway Test Center in Beijing on July 9. ZOU HONG/CHINA DAILY BEIJING — China’s fast-evolving high-speed rail technology is not only reshaping domestic mobility, but also playing an increasingly significant role in enhancing global connectivity and driving infrastructure development, experts said at the 12th World Congress on…
China’s financing activity maintained steady momentum in the first half with further improvements in June, pointing to recovering market confidence as monetary easing takes effect, said the People’s Bank of China, the country’s central bank, on Monday. With uncertainties and challenges still lingering at home and abroad, officials and experts said that the PBOC would…
A diversified funding mechanism is needed to support China’s accelerating urban renewal efforts, as such projects typically involve sizable investments and extended timelines, with government financing and private investment working in tandem, experts have said. By the end of 2024, China’s urbanization rate reached 67 percent, with 943.5 million people living in urban areas, according…
A container vessel docks at a terminal for cargo unloading on Monday at Lianyungang Port in Jiangsu province. GENG YUHE / FOR CHINA DAILY China’s broad and balanced network of trading partners, innovative product offerings and resilient manufacturers will reinforce the country’s confidence and capacity to navigate global trade challenges in the second half of…
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China’s financing activity maintained steady momentum in the first half of the year, with further improvements seen in June, indicating a recovery in market confidence, official data showed on Monday. The country’s aggregate social financing — the total amount of financing to the real economy — reached 22.83 trillion yuan ($3.18 trillion) in the first…
The Ministry of Commerce, in collaboration with the Ministry of Science and Technology, released an updated version of the Catalogue of Technologies Prohibited and Restricted from Export on Tuesday, aiming to better align export controls with evolving technological developments and national interests. A new restricted item concerning battery cathode material preparation technologies—such as lithium iron…
The “Shopping in China” campaign not only promotes consumption but also serves as a strategic tool to enhance China’s image among international visitors, said Zhang Xiaoyan, associate dean at Tsinghua University’s PBC School of Finance. “I personally feel ‘Shopping in China’ is a pretty good campaign to raise sentiment among foreigners about what’s happening in…
China’s GDP grew by 5.3 percent year-on-year in the first half of 2025 to 66.05 trillion yuan ($9.21 trillion), showcasing a steady economic rebound backed by supportive macroeconomic policies, the National Bureau of Statistics said on Tuesday. In the second quarter, the economy rose by 5.2 percent in comparison to a year earlier after a 5.4…
BEIJING — China’s financial authorities on Monday unveiled a catalogue of green finance-supported projects, as part of efforts to strengthen green finance’s role in driving the country’s green transition in economic and social development and advancing the “Beautiful China” initiative. The 2025 edition of the catalogue, jointly issued by the People’s Bank of China (PBOC),…