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HK adviser confident in China’s 4.5-5% GDP growth target

A Hong Kong member of the National Committee of the Chinese People’s Political Consultative Conference expressed confidence that China will achieve its 4.5-5 percent GDP growth target. Stephen Law Cheuk-kin, who also serves as president of the Hong Kong Institute of Certified Public Accountants, said the confidence is based on the strength of key industries…

Ningxia to step up development of competitive industries

The Ningxia Hui autonomous region’s NPC deputies hold deliberation as well as open day during two sessions in Beijing on March 6. [Photo provided to chinadaily.com.cn] Northwest China’s Ningxia Hui autonomous region plans to accelerate the development of its competitive industries, focusing on advanced manufacturing, digital infrastructure and clean energy as it seeks to build…

Spring Festival holiday cheer boosts spending

Folk artists perform molten iron fireworks at a scenic area in Hengyang, Hunan province, on Feb 23. CAO ZHENGPING/FOR CHINA DAILY BEIJING — From bustling ski slopes in Heilongjiang province in China’s far northeast to booming duty-free shopping in South China’s Hainan province, the country’s record-long Spring Festival holiday saw a surge in travel, retail…

Global firms upbeat on China’s market

This aerial panoramic photo taken on Jan 10, 2023, shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in East China’s Shanghai. [Photo/Xinhua] China’s latest growth targets and policy priorities set out in the Government Work Report have boosted the confidence of multinational companies in the country’s economic outlook and…

Moroccan ambassador to China: Chinese economy vital to the world economy

“If the Chinese economy goes well, the rest of the world economy will go well,” Abdelkader El ANSARI, the Moroccan ambassador to China, said in an interview with China Daily Website. He also highlighted the existing cooperation between China and Morocco in several key economic sectors and expressed his hope for more to come. Click…

Foreign firms ride strong growth arc

A visitor tries a lung function testing device at AstraZeneca’s booth at the 8th China International Import Expo in Shanghai on Nov 7.Fan Yuqing/Xinhua A growing number of multinational corporations are deepening their roots in China amid global uncertainties, drawn by the country’s rapidly advancing innovation capabilities, the sheer scale of its domestic market, and…

Overseas visitors leave with bounty of bargains, memories

A foreign tourist who has just disembarked from a cruise ship begins her exploration in Shanghai on April 4. [Photo provided to China Daily] China, with targeted measures such as streamlining visa procedures and improving departure tax refund arrangements, has increasingly turned itself into not only a premier tourism destination but also an attractive shopping…

China eyes more balanced trade for economic resilience

China will “promote balanced trade” this year by expanding imports while stabilizing exports, a strategy that aims to turn its domestic market into development opportunities shared by trading partners worldwide, officials and economists said. “China will leverage its super-sized domestic market advantages to expand imports of agricultural products, quality consumer goods, advanced technology equipment and…

Capital mkt reforms to pick up pace

Wu Qing (center), chairman of the China Securities Regulatory Commission, at a news conference on the sidelines of the fourth session of the 14th National People’s Congress on Friday. Wang Jing/China Daily Continued efforts will be made to further improve the quality and expand the size of the Chinese capital market during the 15th Five-Year…

Capital mkt reforms to pick up pace

Wu Qing (center), chairman of the China Securities Regulatory Commission, at a news conference on the sidelines of the fourth session of the 14th National People’s Congress on Friday. Wang Jing/China Daily Continued efforts will be made to further improve the quality and expand the size of the Chinese capital market during the 15th Five-Year…