China’s upcoming stimulus program may need to be one of greater intensity than the one initiated 10 years ago in order to revive the world’s second-largest economy from a lingering downward spiral of insufficient aggregate demand, said an economist and national political adviser. Zhang Bin, deputy director of the Chinese Academy of Social Sciences’ Institute…
A shopper buys groceries at a supermarket in Qingzhou, Shandong province. WANG JILIN/FOR CHINA DAILY China will ramp up efforts to reinvigorate consumer spending and drive domestic demand across various sectors, to give a much-needed fillip to the country’s economic growth momentum in the final stretch of the year, officials and analysts said. Consumption vouchers…
A SAIC model is driven into a cargo ship headed to Europe. [Photo provided to chinadaily.com.cn] The Ministry of Commerce said on Monday that China appealed to the World Trade Organization against the European Union’s final ruling to impose countervailing measures on China-made electric vehicles. This complaint follows China’s earlier appeal to the WTO regarding…
GUANGZHOU — The 136th Canton Fair, officially known as the China Import and Export Fair, concluded on Monday in Guangzhou, South China, recording a historic high in terms of overseas buyer attendance, according to data from the organizers. As of Sunday, a total of 253,000 overseas buyers from 214 countries and regions had attended the…
A huge Bank of China poster decorates the entrance of the National Exhibition and Convention Center (Shanghai), the venue for the China International Import Expo. [Photo/China Daily] As the seventh China International Import Expo opens in Shanghai on Tuesday, Bank of China, which has been cooperating with the CIIE as its strategic partner for seven…
The China-US Financial Working Group held its sixth meeting in Washington in October and exchanged views on the economic situation and financial policies, a move experts said has sent a signal of maintaining consistent bilateral financial cooperation amid lingering uncertainties. Financial regulators of the two sides had “professional, pragmatic, candid and constructive discussions” during the…
A woman browses dairy products at a supermarket in Shanghai, Sept 22, 2023. [Photo/VCG] China’s consumer confidence registered a recovery, while Generation Z buyers, aged 18 to 25, influenced a new shift in consumption trends, according to a report by McKinsey & Company on China’s 2024 consumer trends. According to the report, over two-thirds of…
Employees of an engineering machinery manufacturer in Shandong province work on the company’s production line of loaders. [Photo/Xinhua] China’s manufacturing activity expanded last month for the first time in half a year, official data showed on Thursday, as stimulus measures boosted production and revived confidence, boding well for fourth-quarter economic momentum and the full-year growth…
Jinbao, mascot of the China International Import Expo. [Photo/Xinhua] Amid a tepid economic recovery globally, the China International Import Expo is leveraging its role as an international public good to better support least developed countries (LDCs) in accessing China’s super-sized market and further integrating into the world economy, experts and executives said. This year’s expo,…
This photo taken on Jan 2, 2024, shows a container ship named “WAN HAI 357” berthing at the Dalian port in Northeast China’s Liaoning province. [Photo/Xinhua] China’s marine economy expanded steadily last year, with a gross output of 9.9 trillion yuan ($1.39 trillion), up 6 percent year-on-year, ThePaper reported on Thursday. China’s marine economic development…