The relationship between technological change and employment expansion is an old topic, yet one that has not lessened in importance over time. When disruptive technological revolutions occur, whether job creation can ultimately outweigh job destruction remains an unresolved puzzle in economic theory. Fundamentally, the shock that technological change brings to employment is not that occupations,…
China and the European Union enjoy a deeply intertwined economic relationship, with supply chains in green energy, pharmaceuticals and high-end manufacturing tightly linked, experts said, warning that the real threat is not interdependence but Brussels’ push to “de-risk”. They called for the two sides to properly manage their differences and find more common ground through…
A visitor walks through the international healthcare consumption section of the sixth China International Consumer Products Expo in Qionghai, Hainan province, on April 16. GAO JING/XINHUA For Michael Heilig, who is from Germany’s federal association for small and medium-sized enterprises, his trip to Hainan province last week felt almost destined. His Chinese name, “Hai Li…
BEIJING – Chinese state-owned enterprises (SOEs) and state-controlled enterprises reported combined profits of more than 1.37 trillion yuan ($202 billion) in the first four months of 2026, representing year-on-year growth of 1.9 percent, latest government data showed Friday. During this period, Chinese SOEs’ total operating revenue came in at roughly 26.27 trillion yuan, down 0.5…
BEIJING — China and the European Union are discussing the establishment of a trade and investment consultation mechanism and will hold related dialogue, the Ministry of Commerce said Saturday. China has maintained smooth communication with the EU, a ministry spokesperson said in response to a media inquiry about the European Commission’s College of Commissioners orientation…
The regional GDP of Guangzhou, the capital of Guangdong province, is expected to reach about 4.5 trillion yuan ($660 billion), with a per capita GDP exceeding $30,000 by 2030, according to the city’s outline of the 15th Five-Year Plan (2026-30) for national economic and social development. “With such regional GDP growth, we will take the…
China will leverage the upcoming China-South Asia Expo as a platform to help businesses on both sides expand trade and investment in established sectors and emerging industries, accelerating regional integration and fostering inclusive growth, officials and experts said on Friday. The 10th edition of the expo, scheduled for June 11-16 in Kunming, Yunnan province, comes…
China’s wealth management funds are racing to capitalize on the booming IPO market, rapidly expanding allocations to new-share subscription strategies as they seek higher returns and stronger exposure to the country’s emerging growth sectors. Against a backdrop of narrowing fixed-income yields, the “fixed income plus IPO subscription” model is quickly becoming a favored strategy for…
A bank employee (right) inspects a tech firm in Changsha, Hunan province. LIN DAOHUI/FOR CHINA DAILY China’s financial regulator is shifting the focus of its approach to small-business lending away from aggressive loan growth targets toward higher-quality and more sustainable credit support that better aligns with the real financing needs of micro and small enterprises…
The infrastructure for what is known as the one-person company (OPC) is being built in major cities across China’s Yangtze River Delta region, with many experts saying OPCs can contribute to the national economy via new industrial growth and employment. Local governments are providing the relevant support for OPCs, from office space and funding to…