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Greater role for SOEs sought in eldercare

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…

Improving people’s well-being remains China’s policy priority: official

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,”…

New words in the 2025 Government Work Report

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‘Wild West’ tariff threats challenge and chance

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…

Bigger scope of visa-free policy highlighted

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…

Nation takes steps targeting global trade protectionism

Export-bound vehicles await shipment at Taicang Port, Jiangsu province. JI HAIXIN/FOR CHINA DAILY Canada’s imposition of additional tariffs on Chinese goods has strained bilateral trade relations, and China reserves the right to respond decisively to any foreign tariff measures it perceives as discriminatory, experts and business associations said on Sunday. On Saturday, the Customs Tariff…

Fresh measures set to help create new growth drivers

Senior officials attend a news conference on China’s economy at the third session of the 14th National People’s Congress in Beijing on Thursday. ZHANG WEI / CHINA DAILY China is putting a priority on fostering new quality productive forces and boosting technological innovation in its economic agenda for the year, as policymakers announced on Thursday…

China imposes fresh tariffs on Canadian imports

China will impose additional tariffs ranging from 25 percent to 100 percent on certain imports from Canada starting on March 20, the Customs Tariff Commission of the State Council announced on Saturday. This decision follows the North American country’s move to levy additional tariffs on Chinese electric vehicles, steel and aluminum products in October last…

Zhejiang governor prioritizes technological innovation, industrial growth

Zhejiang province in East China will bolster the development of new quality productive forces and accelerate the construction of a modern industrial system with local characteristics, aiming to nurture new growth drivers through scientific and technological innovation, said Liu Jie, governor of Zhejiang province. Liu made the remarks at the sidelines of the ongoing two…

Jiangxi prioritizes technological and industrial innovation for economic growth

Jiangxi is actively promoting the deep integration of technological and industrial innovation, with enterprises at the forefront and market demand as the guiding force, deputies to the National People’s Congress said during an open day event of Jiangxi’s NPC delegation on Thursday. In the past year, the province launched and implemented the Pioneer 2030 Project,…