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economic

HK’s role as financing hub highlighted

The Hong Kong Special Administrative Region is well-positioned to help companies from the Chinese mainland raise funds globally and expand overseas, while deepening cooperation with the mainland in sectors such as healthcare and biotechnology, said a member of the Chinese People’s Political Consultative Conference (CPPCC) National Committee, the nation’s top political advisory body. William Doo…

Growth target reflects focus on structural reform

China’s latest Government Work Report signals a shift toward securing more sustainable expansion, as policymakers lower the headline target while prioritizing structural reform and long-term stability, economists said. The report set this year’s GDP growth target at 4.5 to 5 percent, marking the first downward adjustment since 2023. Economists said the move is a pragmatic…

Growth target reflects focus on structural reform

China’s latest Government Work Report signals a shift toward securing more sustainable expansion, as policymakers lower the headline target while prioritizing structural reform and long-term stability, economists said. The report set this year’s GDP growth target at 4.5 to 5 percent, marking the first downward adjustment since 2023. Economists said the move is a pragmatic…

Slow bull likely to continue for A shares

Investors watch share prices at a securities brokerage in Shanghai. CHINA DAILY Despite headwinds in global markets due to escalated geopolitical tensions and the resulting disruptions to supply chains, foreign investors still hold a positive outlook on Chinese equities thanks to the country’s unswerving efforts on technology advances and economic stimuli. In a report released…

’26 GDP growth target ‘achievable’ on fundamentals

China’s 2026 economic growth target of between 4.5 percent and 5 percent is “necessary, reasonable and achievable”, supported by solid fundamentals, emerging growth drivers and policy support aimed at boosting domestic demand, said a renowned expert. The target aligns with the country’s medium and long-term development goals while leaving room for structural reforms and higher-quality…

Nanyang GDP hits 500b yuan mark

Employees check products at an electronics company in Nanyang, Henan province. WANG XIAOJUN/FOR CHINA DAILY Nanyang, Central China’s Henan province, is doubling down on making good use of both domestic and international markets alongside resources to seek faster development, after the city historically stepped onto the 500-billion-yuan ($75 billion) economic-scale stage, posting the second-fastest growth…

Nanyang GDP hits 500b yuan mark

Employees check products at an electronics company in Nanyang, Henan province. WANG XIAOJUN/FOR CHINA DAILY Nanyang, Central China’s Henan province, is doubling down on making good use of both domestic and international markets alongside resources to seek faster development, after the city historically stepped onto the 500-billion-yuan ($75 billion) economic-scale stage, posting the second-fastest growth…

Linyi harnesses BRI to transform profile

In a strategic move to boost the international presence of its commercial sector, Linyi in Shandong province is harnessing the Belt and Road Initiative to transform itself from a national distribution and logistics hub into a key player on the international stage. “In 2025, we organized 1,667 enterprises to explore overseas markets in partner countries…