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China’s growth outlook boosted by resilience

China’s economic growth, buoyed by stronger-than-expected exports and rapid artificial intelligence innovations, is expected to have remained on stable footing in the first half of the year, with major international institutions expressing growing confidence in the country’s economic outlook, economists said. While external demand for high-tech products is expected to sustain growth momentum in the…

Lanzhou Fair gathers global businesses to deepen Belt and Road cooperation

A calligraphy demonstration is staged at the South Korea Pavilion during the 32nd China Lanzhou Investment and Trade Fair in Lanzhou, Gansu province, on Thursday. [Photo by Wu Yuexuan/for chinadaily.com.cn] The 32nd China Lanzhou Investment and Trade Fair opened in Lanzhou, Gansu province, on Thursday, with Pakistan and South Korea serving as this year’s guest…

China’s CPI maintains moderate growth in June

China’s consumer inflation remained moderate in June, while factory-gate price growth accelerated for a fourth straight month, official data showed on Thursday. China’s consumer price index, a main gauge of inflation, rose 1.0 percent year-on-year in June, easing from a 1.2 percent increase in May, according to the National Bureau of Statistics. Dong Lijuan, a…

PBOC to enhance policy adjustments and targeted approach

China’s central bank has newly flagged “structural divergence” in the economy, a shift that analysts said signals a greater likelihood of proactive easing in the second half of the year to cushion downside risks as imported inflation pressures begin to ease. In a statement late on Wednesday after the second-quarter meeting of its monetary policy…

Consumer vouchers in pipeline for summer holidays

XINING — China on Wednesday launched a national summer holiday cultural and tourism consumption campaign, with more than 450 million yuan ($66 million) worth of consumer vouchers to be distributed. Organized by the Ministry of Culture and Tourism, the campaign aims to improve the supply of seasonal tourism products and services and encourage people to…

China’s CPI up 1.0% in June

Customers shop for fruit at a supermarket in Handan, North China’s Hebei province, June 10, 2026. [Photo/Xinhua] BEIJING – China’s consumer price index (CPI), a main gauge of inflation, rose 1.0 percent year-on-year in June, official data showed Thursday.The core CPI, which excludes food and energy prices, also increased 1.0 percent year-on-year, according to the…

China to accelerate innovative development of retail industry

BEIJING – Chinese authorities have issued a guideline to accelerate the innovative development of the retail industry, aiming to establish a modern retail system and cultivate a number of globally competitive retail enterprises by 2030. The guideline, released by multiple government departments including the Ministry of Commerce, outlines key tasks ranging from system planning for…

China to accelerate innovative development of retail industry

BEIJING – Chinese authorities have issued a guideline to accelerate the innovative development of the retail industry, aiming to establish a modern retail system and cultivate a number of globally competitive retail enterprises by 2030. The guideline, released by multiple government departments including the Ministry of Commerce, outlines key tasks ranging from system planning for…

China to accelerate innovative development of retail industry

BEIJING – Chinese authorities have issued a guideline to accelerate the innovative development of the retail industry, aiming to establish a modern retail system and cultivate a number of globally competitive retail enterprises by 2030. The guideline, released by multiple government departments including the Ministry of Commerce, outlines key tasks ranging from system planning for…

China to accelerate innovative development of retail industry

BEIJING – Chinese authorities have issued a guideline to accelerate the innovative development of the retail industry, aiming to establish a modern retail system and cultivate a number of globally competitive retail enterprises by 2030. The guideline, released by multiple government departments including the Ministry of Commerce, outlines key tasks ranging from system planning for…