Shanghai is expected to invest 240 billion yuan ($32.74 billion) in major construction projects in 2025, according to the Shanghai Municipal Government Work Report delivered by Mayor Gong Zheng. He made the remarks during the third Session of the 16th Shanghai Municipal People’s Congress which opened on Jan 15 at the Shanghai Expo Center. The…
Supportive government policies will continue to spur domestic demand including investment to facilitate a smooth and steady path of economic recovery, an expert said on Wednesday. “Government investment has a guiding and driving effect on private capital and facilitates the entry of private capital into the market, which helps to improve overall investment efficiency,” said…
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BEIJING — The Biden administration’s sanctions, containment and suppression will not impede China’s progress, the Ministry of Commerce (MOC) said on Wednesday. Such measures, instead, will only bolster China’s confidence and capabilities in self-reliance and technological innovation, the MOC said. Under the pretext of national security, the Biden administration has intensified its trade restrictions against…
BEIJING — China’s trade in goods with Belt and Road Initiative (BRI) partner countries hit 22.1 trillion yuan ($3.07 trillion) in 2024, the Ministry of Commerce said on Wednesday. Nearly 54 percent of China’s imports came from BRI partner countries last year, as China’s super-large market has been providing development opportunities for nations around the…
BEIJING — The sales revenue of consumer goods under China’s policy-backed trade-in program has surpassed 1.3 trillion yuan ($180.85 billion), data from China’s Ministry of Commerce showed on Wednesday. Green and smart products are in high demand, with retail sales of new energy vehicles increasing more than 40 percent in 2024, according to the ministry.…
A view of the Huangpu River in Shanghai. [Photo/VCG] China will continue to relax market access, expand institutional openness and foster a more enabling business climate, in order to better attract and utilize foreign investment, especially in the face of rising global protectionism and escalating geopolitical tensions, officials and experts said on Wednesday. As persistent…
The northeastern port city of Dalian, Liaoning province, is making efforts to drive the accelerated development of its low-altitude economy. This helicopter is for sightseeing. [Photo by Wang Hua/for chinadaily.com.cn] The northeastern port city of Dalian, Liaoning province, is making efforts to drive the accelerated development of its low-altitude economy. During a conference held on…
BEIJING – China’s investment growth is expected to kick off strongly in 2025, bolstered by early project approvals and debt relief measures for local governments, an official from a think tank under the National Development and Reform Commission said Wednesday. At a press event organized by the All-China Journalists Association, Yang Ping, head of the…
A woman takes a picture of an artistic sculpture inspired by Hugo Award-winning author Liu Cixin’s sci-fi trilogy The Three-Body Problem in Jiaozi avenue, Chengdu, Sichuan province, Jan 5, 2025. [Photo/Xinhua] As China’s consumer market continues to evolve, the emotional experience and customized products are becoming an increasingly prominent trend for consumption nowadays, Xinhua reported…