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…
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 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 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…
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…
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…
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…
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,…
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…
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…