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Nation to build unified market

A view of the Huangpu River in Shanghai. [Photo/VCG] China will push ahead with the building of a unified national market as part of the country’s efforts to foster a more equitable and well-ordered development environment for market players, the State Council — the nation’s Cabinet — said on Friday. The imperative to adopt a…

Shanghai gears up for 7th China International Import Expo

Jinbao, mascot of the China International Import Expo. [Photo/Xinhua] Shanghai is gearing up for the upcoming 7th China International Import Expo, CCTV reported on Friday. This year’s event, scheduled from Nov 5 to 10, has received confirmation from over 70 countries and international organizations to attend the national exhibition, overtaking last year in its scale.…

Housing picks up on series of new policies

Prospective homebuyers look at a property model at a sales office in Beijing on Oct 6. [Photo/China News Service] BEIJING — As Niu Motian’s friends were enjoying gourmet dishes and showing off their new clothes during the National Day holiday, the white-collar employee in Beijing was conducting due diligence before buying something much more valuable.…

Goldman Sachs raises China economic growth forecasts

A view of Beijing’s CBD area on Aug 19, 2022. [Photo/VCG] NEW YORK – Goldman Sachs on Sunday lifted its forecasts on China’s economic growth for 2024 and 2025 on the grounds of the country’s recent pro-growth measures. China’s gross domestic products (GDP) would expand by 4.9 percent in 2024, up from an earlier forecast…

Relations with Central, Eastern European nations to grow

The sixth China-Central and Eastern European Countries Local Leaders’ Meeting which opened on Wednesday in Yantai, Shandong province, brought together more than 300 participants from Central and Eastern European countries. [Photo provided for chinadaily.com.cn] Participants at the 6th China and Central and Eastern European Countries Local Leaders’ Meeting said the China-CEEC cooperation mechanism has promoted…

HK investment plan likely to bolster capital inflow

A view of the Victoria Harbor in Hong Kong. [Photo/IC] The expansion of Hong Kong’s investment-for-residency program to include investments in residential properties, as revealed in the chief executive’s 2024 Policy Address, is expected to breathe new life into the city’s wealth management by drawing wealthy individuals and facilitating capital inflow into luxury homes, experts…

Tianjin mayor touts financial, industrial integration

The opening ceremony of the Tianjin Wudadao Forum on Sunday. [Photo provided to chinadaily.com.cn] Tianjin is committed to enhancing collaborations that will drive the deep integration of finance with industry chains, as well as intensifying efforts to establish a high-level financial innovation zone, Mayor Zhang Gong said during the Tianjin Wudadao Forum on Sunday —…

Foreign trade expected to continue steady growth momentum

Container vessels unload cargo at a terminal in Qingdao, Shandong province, in August. [Photo provided to China Daily] China’s foreign trade will maintain its steady growth for the remainder of the year, supported by the strong performance from January to September, government officials and exporters said on Monday. Aside from upgrading their products, broadening sales…

China hailed as transformative force

China’s achievements over the past 75 years have been nothing short of spectacular, said Danilo Turk, former president of Slovenia, highlighting China’s role as a transformative force on the global stage, both economically and diplomatically. Danilo Turk, former president of Slovenia. [Photo provided to chinadaily.com.cn] In a recent interview with China Daily, Turk also praised…

Bold measures to rev up Chinese economy

Turbines at Fuqing Xinghua Bay Offshore Wind Farm in Fujian province on August 8. JIANG KEHONG/XINHUA China’s economy will likely pick up pace in the fourth quarter amid a slew of bolder-than-expected stimulus measures, providing strong support for achieving its annual growth target of around 5 percent this year, economists said. As China grapples with lackluster…