China will allocate 100 billion yuan ($15.4 billion) this year under a package of coordinated fiscal-financial policies to facilitate domestic demand expansion, Minister of Finance Lan Fo’an said on Friday in Beijing. Under the package, four targeted measures are designed for supporting private investment, while two are for boosting household consumption, Lan said, adding that…
China will continue to steadily expand high-level financial opening and help build a more equitable, inclusive, and resilient global financial governance system, Pan Gongsheng, governor of the People’s Bank of China, the country’s central bank, said on Friday. Pan made the remarks at a news conference of the fourth session of the 14th National People’s…
China expressed serious concern on Friday after the European Union released a new legislative proposal imposing restrictive conditions on foreign investment in several emerging strategic industries, warning that the measures could create investment barriers and undermine fair competition, according to China’s Ministry of Commerce. The European Commission unveiled the Industrial Accelerator Act on Wednesday, introducing…
In a strategic push to accelerate the internationalization of its commerce sector, Linyi in Shandong province is leveraging the Belt and Road Initiative to evolve from a national trading hub into a global one. “In 2025, we organized 1,667 enterprises to explore overseas markets in countries involved in the Belt and Road Initiative and hosted…
Chinese Commerce Minister Wang Wentao attends a press conference for the fourth session of the 14th National People’s Congress on economy in Beijing, capital of China, March 6, 2026. [Xinhua/Li Xin] China will expand imports of agricultural products, high-quality consumer goods, advanced technological equipment, and key components, as part of efforts to promote a more…
President Xi Jinping (center), who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, and other leaders attend the opening meeting on Thursday of the fourth session of the 14th National People’s Congress, China’s top legislature, at the Great Hall of the People in Beijing.…
Visitors check out smart watches at Huawei’s global flagship store on Nanjing Road, Shanghai, on Feb 27. WANG GANG/FOR CHINA DAILY The Spring Festival holiday has concluded, but one of the clearest consumption signals is likely to endure: the holiday spending surge was defined less by lavish feasts and luxury gifts and more by a…
China’s artificial intelligence industry has entered what could prove to be a defining phase in its competition with the United States, with leading domestic large language models now matching top-tier US systems in performance, said Yu Xianrong, head of Greater China Economics at Citi. The rapid progress in AI and broader technological innovation are among…
A worker works at an assembly line of Voyah, a Chinese NEV brand, in Wuhan, Central China’s Hubei province, April 9, 2025. [Photo/Xinhua] China’s factory activity contracted for a second consecutive month in February, official data showed on Wednesday. The official purchasing managers index (PMI) for the manufacturing sector came in at 49 in February,…
BEIJING – The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 49.5 in February, up 0.1 percentage points from the previous month, official data showed Wednesday.This reflected improved business sentiment in the non-manufacturing sector, according to the National Bureau of Statistics (NBS). A reading above 50 indicates expansion, while a reading below…