China will scale up efforts to boost consumption and foster a robust domestic market this year, the National People’s Congress, the country’s top legislature, said on Wednesday, one day ahead of the opening of its annual session. Lou Qinjian, spokesman for the fourth session of the 14th NPC, said at a news conference that the…
A Haier employee (left) addresses visitor queries during a product debut ceremony in Johannesburg, South Africa, on Feb 2. CHEN WEI/XINHUA Driven by industrial restructuring and rising demand for cost-efficient solutions in many sectors, overseas markets will continue to show a strong appetite for China’s outbound direct investment, or ODI, in 2026, especially in high-end…
Journalists work at a news conference of the fourth session of the 14th National People’s Congress, China’s top legislature, at the Great Hall of the People in Beijing on Wednesday, one day ahead of the opening of the annual session. WANG JING/CHINA DAILY China will ramp up efforts to boost consumption this year by combining…
China warned on Monday that it will take necessary measures to safeguard its business interests after the United Kingdom imposed a new round of Russia-related sanctions last week that include several Chinese companies, according to the Ministry of Commerce. A ministry spokesperson said in a statement that the UK has repeatedly imposed sanctions on Chinese…
An ongoing property project in Hengshui, Hebei province. TANG KE/FOR CHINA DAILY China’s major cities are likely to see a moderate pickup in home purchases during the traditional high season in March and April, building on momentum generated during the recently concluded Spring Festival holiday, industry insiders and analysts said. Analysts also expect policymakers to…
MA XUEJING/CHINA DAILY China is expected to unveil its annual economic growth target at the upcoming two sessions, the yearly meetings of the country’s top legislature and political advisory body, signaling a growth-oriented stance that will require more proactive fiscal support and renewed efforts to boost domestic demand, economists said. As the opening year of…
During a recent weekend, I found myself waiting in line for a limited-edition latte at Wangfujing WellTown in Beijing’s Tongzhou district. Around me, families compared shopping bags, while young groups livestreamed their “first visit”. As a reporter who has long covered macroeconomic data and policy briefings, I am used to writing about consumption in percentage…
CAI MENG/CHINA DAILY At present, China’s economic development is at a critical stage of transitioning from high-speed growth to high-quality development. As China’s per capita GDP has surpassed $12,000, the structure of household consumption is undergoing a historic transformation — from one dominated by the consumption of tangible goods to a shift toward giving equal…
China’s strategic priorities for the next five years will center on developing new quality productive forces and boosting domestic demand, according to the recently unveiled Recommendations of the Central Committee of the Communist Party of China for Formulating the 15th Five-Year Plan for National Economic and Social Development. While it is undoubtedly crucial to concentrate…
Employees work on a production line at a welding workshop of Yangzhou Hongquan Industrial Co in Yangzhou, Jiangsu province, on Saturday. Ren Fei/For China Daily China has cemented its position as the world’s second-largest economy after the country’s GDP expanded 5 percent year-on-year in 2025, surpassing the 140 trillion yuan ($20.4 trillion) threshold for the…