Skip to content

economic

Tianjin showcases its history, culture and innovation at Summer Davos

On Thursday, foreign guests attending the Summer Davos took a boat tour along the Haihe River in Tianjin. [Photo by Lu Ruotong/for China Daily] Guests from around the world were invited to explore Tianjin through six curated designed routes to learn about the city’s history, culture and innovative development on Thursday, the final day of…

China sees increasing number of private sector entities

Staff members work at the precision engineering base of Chongqing Shunduoli Motor-vehicle Co Ltd in Beibei district of Chongqing, Southwest China, May 9, 2025. [Photo/Xinhua] BEIJING — The number of China’s private sector entities reached 185 million by the end of May, increasing 2.3 percent year-on-year, official data showed Friday. The private sector, including private…

AI digital employees set to compete on the global stage

AI digital employees are defined as the fourth employment model, representing a new form of practice of new quality productive forces, said Hu Wei, founder and CEO of Shenzhen Talent Today Information Technology Co Ltd, during the Vibrant China research and visit tour. With the help of the Huawei platform, Shenzhen, as a window to…

Financial measures to support consumption

China is expected to enhance the multi-tier financial services system to support consumption, by better coordinating financial resources and guiding financial institutions to enhance services from both the supply and demand sides, according to experts. Such efforts are aimed at meeting the diverse financing needs of both consumers and business entities, thereby expanding the supply…

Shanghai Gold Exchange launches contracts in HK

The Shanghai Gold Exchange has made a strategic move to bolster the Chinese mainland’s role in the global bullion trade by launching two new gold contracts and opening an offshore certified bullion vault in Hong Kong. According to the SGE announcement on Thursday, the move aims to better open up the gold market, diversify the…

Jan-May ODI higher on BRI support

China’s total nonfinancial outbound direct investment rose 2.3 percent year-on-year to $61.6 billion in the first five months, underscoring the nation’s sustained efforts to deepen international cooperation, said the Ministry of Commerce on Thursday. In the meantime, the country’s nonfinancial ODI in countries and regions involved in the Belt and Road Initiative reached $15.52 billion,…

China opposes deals harming its interests

A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] China firmly opposes any country entering into trade agreements with the United States that undermine Chinese interests in exchange for so-called tariff relief, the Ministry of Commerce said over the weekend. If such a situation arises, China will not accept it and will…

AIIB hailed as pioneer in intl financial governance

Premier Li Qiang interacts with guests on Thursday at the 10th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank in Beijing. Li addressed the opening ceremony of the meeting on the same day. WANG ZHUANGFEI/CHINA DAILY Premier Li Qiang said on Thursday that the Beijing-based Asian Infrastructure Investment Bank has…

China to further ramp up policy support to boost consumption, stabilize growth

People visit the 4th China-CEEC Expo & International Consumer Goods Fair in Ningbo, East China’s Zhejiang province, May 22, 2025. [Photo/Xinhua] China will continue to ramp up policy support to boost consumption and stabilize economic growth, officials and experts said in Beijing on Thursday. Amid a more complex and challenging external environment, China’s economy operated…

Beijing warns countries against signing trade deals with US that hurt Chinese interests

A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] China firmly opposes any country entering into trade agreements with the United States that compromise Chinese interests in exchange for the so-called tariff relief, said the Ministry of Commerce. China will not accept it and will take firm countermeasures to protect its legitimate…