A view of the Shanghai Yangshan deepwater port. JI HAIXIN/FOR CHINA DAILY Shanghai plans to invest about 240 billion yuan ($32.7 billion) in major projects in 2025 as part of the city’s efforts to further boost investment, Gu Jun, director of the Shanghai Municipal Development and Reform Commission, said during a news conference on Thursday.…
Shoppers seen at a supermarket in Zaozhuang, Shandong province. [SUN ZHONGZHE/FOR CHINA DAILY] As Chinese consumers have been increasingly emphasizing value for money, retailers and local governments have come up with more attractive discounts and subsidy plans this year for the Spring Festival shopping season. German supermarket chain Aldi has provided about 300 kinds of…
Shanghai officials brief the media on the city’s economic development, Jan 16, 2025. [Photo by Luo Bin/chinadaily.com.cn] Shanghai announced stable economic growth in 2024, driven by growing international trade and a revitalized consumer market, according to a news conference held by the Shanghai Municipal Government on Jan 16. The city’s total trade volume surpassed 11…
Robots seen on the assembly line of automaker FAW Group in Changchun, Jilin province. [Photo/Xinhua] China’s centrally administered State-owned enterprises will actively foster emerging industries and accelerate the modernization of traditional ones to drive economic growth in 2025, the country’s top State-owned assets regulator said on Friday. Addressing a news conference in Beijing, Yuan Ye,…
China has urged the Biden administration to stop shifting the issues of US domestic industry development onto China, vowing to take all necessary measures to safeguard its legitimate rights and interests, said the Ministry of Commerce on Friday. The Office of the United States Trade Representative announced on Thursday that it has issued its findings…
Zhecheng, a small county in Henan, produces over 30 percent of the world’s lab-grown diamonds, bringing diamond prices down from their lofty heights. What’s even more impressive is that its industrial-grade diamonds is expected to make a big impact in the semiconductor industry. So, how exactly is a diamond “grown”? Watch the video to find…
HOHHOT — In the freezing winter, on the fringes of the Kubuqi Desert in North China’s Inner Mongolia autonomous region, dedicated sand control workers are busy mending and reinforcing defenses in the form of straw checkerboards — straw placed in a checkerboard pattern on the desert surface to secure dunes. The workers are racing against…
The Biden administration has recently resorted to a series of trade restrictions targeting China, which instead of slowing China’s advancement, will only motivate the country to further strengthen its self-reliance and drive for technological innovation, officials and experts said. Washington’s heavy-handed approach to contain China’s rise, despite pushbacks from US businesses and the international community,…
A bird’s eye view of the BASF Zhanjiang Verbund site. [Photo provided to chinadaily.com.cn] Zhanjiang in Guangdong province is accelerating the construction of a modern coastal economic belt and a provincial subcenter city with high standards. Yu Gang, Party secretary of Zhanjiang, said the city would also advance cooperation with Hainan island, the country’s biggest…
BEIJING — China unveiled an action plan on Wednesday detailing subsidy measures for purchasing new smartphones and other digital products, which covers products of both domestic and foreign brands. Under the plan, individual consumers purchasing smartphones, tablets, smartwatches or wristbands priced below 6,000 yuan (about $834.6) per item will receive a subsidy covering 15 percent…