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Stimulating shopping sprees still key

China is poised to prioritize boosting domestic demand to address economic imbalances and ensure resilient growth amid external uncertainties in the coming five years, officials and policy advisers said ahead of the two sessions. As the country’s top legislature prepares to deliberate the draft development blueprint for the 15th Five-Year Plan (2026-30) period, they said…

China to rebalance growth with domestic demand boost

China is set to prioritize boosting domestic demand in the next five years to address economic imbalances and ensure resilient growth amid external uncertainties, officials and experts said ahead of the annual meetings of the nation’s top legislative and political advisory bodies. As the National People’s Congress, China’s top legislature, prepares to deliberate the development…

China to rebalance growth with domestic demand boost

China is set to prioritize boosting domestic demand in the next five years to address economic imbalances and ensure resilient growth amid external uncertainties, officials and experts said ahead of the annual meetings of the nation’s top legislative and political advisory bodies. As the National People’s Congress, China’s top legislature, prepares to deliberate the development…

China’s manufacturing PMI at 49 in February

A worker works on a wire harness production line at an electronics technology company in Suixian county of Shangqiu city, Central China’s Henan province, Jan 27, 2026. [Photo/Xinhua] BEIJING – China’s manufacturing purchasing managers’ index (PMI) eased in February due to seasonal factors, while business confidence improved and high-tech manufacturing maintained growth momentum, official data showed…

Deeper opening-up promised for steady growth

Liu Jieyi (second from right), spokesman for the fourth session of the 14th CPPCC National Committee, takes questions from reporters on Tuesday at a news conference in Beijing. ZOU HONG / CHINA DAILY China will deepen high-level opening-up and accelerate the development of free trade zones to stabilize economic growth amid rising global uncertainties, a…

Opening-up key draw for foreign investment

This undated photo shows a bird’s eye view of Qianhai of Shenzhen, Guangdong province, China. [PHOTO PROVIDED TO CHINA DAILY] China’s push to further expand opening-up will strengthen investor confidence and support economic growth by creating a more predictable business environment and broader market opportunities for foreign enterprises, said market watchers and business executives on…

Shanghai’s Changning district sees its GDP reach $42b

In 2025, the regional gross domestic product of Shanghai’s Changning district totaled 289.8 billion yuan ($42 billion). The average annual growth rate of GDP during the 14th Five-Year-Plan period (2021-25) reached 7 percent, ranking first in the city, an investment promotional meeting held in Changning on Tuesday showed. Also, according to the meeting, the district,…

Lower growth target signals China’s pivot toward domestic demand, experts say

China’s slightly lower GDP growth target of 4.5 to 5 percent for this year signals what experts view as a pragmatic adjustment that will be paired with robust policy support aimed primarily at strengthening domestic demand. In the Government Work Report submitted on Thursday to China’s top legislature for deliberation, the government outlined proactive fiscal…

Fiscal compliance efforts stepped up

The State Taxation Administration unveiled this week the outcomes of key initiatives carried out in 2025, designed to build a unified national market and support high-quality economic development via fairer tax policies. A core component of these initiatives was strict governance of unlawful tax practices tied to local investment incentives, with a disciplinary rule enforced…

China’s service sector to top 100 trillion yuan in 2026-2030: economic planner

BEIJING — The size of China’s service sector is expected to expand beyond 100 trillion yuan ($14.49 trillion) in the 15th Five-Year Plan period (2026-30), head of the country’s top economic planner said Friday. Zheng Shanjie, head of the National Development and Reform Commission (NDRC), made the remarks at a press conference on the sidelines…