Early earnings indicators from China’s banking sector point to a structural shift. Preliminary 2025 results from 11 A-share listed banks show most lenders delivering simultaneous revenue and profit growth, reinforcing evidence that the industry is moving beyond pure balance-sheet expansion toward higher-quality development. In serving the real economy, Chinese banks have responded to cyclical fluctuations…
Delivery staff pick up food packages at a restaurant in Qingdao, Shandong province. CHINA DAILY As workers in new forms of employment have grown into a major force in the country’s labor market and income growth, strengthened efforts to protect such workers are expected to significantly help standardize labor practices and bolster domestic consumption in…
Foreign tourists shop at a mall in Sanya, Hainan province, on Jan 11. GUO CHENG/XINHUA China is set to launch a nationwide campaign to ignite consumer spending during the record nine-day-long Spring Festival holiday beginning Sunday, in a concerted push to funnel festive goodwill into robust economic momentum at the start of the new year,…
BEIJING — Chinese local authorities have allocated 2.05 billion yuan (about $295.23 million) in funds to directly benefit the public through the distribution of consumption vouchers, subsidies, and cash envelopes during the nine-day Spring Festival holiday, an official said on Wednesday. The move is part of a consumption promotion campaign during the Spring Festival holiday.…
Chinese authorities are extending tax breaks for returned cross-border e-commerce export goods, a move underscoring the country’s ongoing efforts to reduce costs for e-commerce businesses and support the growth of new foreign trade models. The announcement, jointly issued by the Ministry of Finance, the General Administration of Customs and the State Taxation Administration, said that…
China has the ability to halt the decline in fixed-asset investment and push for a gradual stabilization in 2026, but it will hinge on restoring private-sector confidence and aligning investment policy more closely with structural reforms, leading economists said. The recent slowdown in investment reflects a long-term downward adjustment in the savings rate, medium-term structural…
Shoppers buy imported cherries at a supermarket in Shanghai. CHINA DAILY With the Year of the Horse just around the corner, people in Shanghai are busy stocking up on nianhuo, or New Year’s goods, that families traditionally prepare ahead of Spring Festival — including foodstuffs, clothing, home decor, and gifts for relatives and friends. Instead…
Visitors gather at the ninth China-Russia Expo in Yekaterinburg, Russia, on July 7. LIU KAI/XINHUA Trade volume between Russia and China has exceeded the $200 billion level for three consecutive years, injecting strong momentum into economic and trade cooperation and demonstrating the deep foundation and broad prospects of bilateral ties, officials and experts said. According…
China’s digital services exports hit a record high in 2025, propelled by the rapid global expansion of technology giants in cloud computing and artificial intelligence, helping the country more than double its digital trade surplus and partially fill a long-standing gap in overall services trade. Latest data from the State Administration of Foreign Exchange showed…
China and the United States have maintained “close communication at various levels” through their economic and trade consultation mechanism, exchanging views in a timely manner and addressing each other’s concerns, the Ministry of Commerce said on Thursday. He Yadong, spokesman for the ministry, made the remarks at a news conference in Beijing in response to…