BEIJING — China initiated over 60,000 urban renewal projects in 2024 as part of its ongoing efforts to transform cities into more resilient and intelligent areas that are desirable to live in, the Ministry of Housing and Urban-Rural Development said on Tuesday. These projects drew a total investment of 2.9 trillion yuan ($404.4 billion) and…
The extended capacity of the central bank to finance listed companies’ share buybacks and shareholding increases via a lending facility will help to stabilize the stock market and facilitate companies’ high-quality development, said experts. Their comments were in response to a statement released on Sunday by the People’s Bank of China, the country’s central bank,…
China and ASEAN are forging deeper connections through record-breaking 3.3 billion yuan ($450.3 million) investment agreements signed at the Global Mayors Dialogue · Nanning, with leaders uniting to drive cooperation across trade, culture, tourism, sports, and education. Witness how these partnerships are shaping the future of regional integration. Tanks to chinadaily.com.cn Please visit: Our Sponsor
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Job seekers at a talent recruitment market in Beijing. [Photo/VCG] BEIJING – A newly released report shows that Beijing’s talent resources have steadily grown in recent years, with the number of professionals in high-end industries reaching 2.106 million as of 2023, accounting for 26.2 percent of the Chinese capital’s total talent pool. According to the…
BEIJING – China’s bank wealth management market expanded and saw more investors in 2024, industry data showed on Friday. By the end of last year, the number of investors holding wealth management products in the banking market rose 9.88 percent year-on-year to 125 million, the China Banking Wealth Management Registration and Depository Center said in…
HAIKOU – Hainan, China’s island province known for its year-round sunshine and pristine beaches, is now injecting fresh vitality into its tourism scene through high-quality performances. Hainan Governor Liu Xiaoming highlighted the growing trend of “visiting Hainan for concerts, music festivals, and brand exhibitions” in his government work report at the annual session of the…
Over the past five years, China has surged ahead to become a global leader of high-level technology talent while the United States has experienced an apparent decline, underscoring a seismic shift in the global innovation landscape between two of the world’s largest economies, according to a report. Released by Dongbi Data, a Chinese technology and…
China’s gross domestic product expanded by 5 percent in 2024 – meeting the country’s preset annual growth target of around 5 percent, fueled by a slew of policy measures taking effect gradually last year, official data showed on Friday. The country’s annual GDP came in at 134.9 trillion yuan ($18.4 trillion) in 2024, according to…
BEIJING – China’s sales of home appliances surged in 2024 under its policy-backed trade-in program, according to the Ministry of Commerce (MOC) on Saturday. Retail sales of home appliances and audio and visual equipment under the scheme reached 1.03 trillion yuan ($143.29 billion) in 2024, according to data from the National Bureau of Statistics. This…