President Xi Jinping (center), who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, and other leaders attend the opening meeting on Thursday of the fourth session of the 14th National People’s Congress, China’s top legislature, at the Great Hall of the People in Beijing.…
Visitors check out smart watches at Huawei’s global flagship store on Nanjing Road, Shanghai, on Feb 27. WANG GANG/FOR CHINA DAILY The Spring Festival holiday has concluded, but one of the clearest consumption signals is likely to endure: the holiday spending surge was defined less by lavish feasts and luxury gifts and more by a…
China’s artificial intelligence industry has entered what could prove to be a defining phase in its competition with the United States, with leading domestic large language models now matching top-tier US systems in performance, said Yu Xianrong, head of Greater China Economics at Citi. The rapid progress in AI and broader technological innovation are among…
A worker works at an assembly line of Voyah, a Chinese NEV brand, in Wuhan, Central China’s Hubei province, April 9, 2025. [Photo/Xinhua] China’s factory activity contracted for a second consecutive month in February, official data showed on Wednesday. The official purchasing managers index (PMI) for the manufacturing sector came in at 49 in February,…
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…