Shanghai will take greater efforts to make its business environment and government services better, which is conducive to building more wholesome industrial chains, said officials and company executives. The comments came during a news conference recently by the municipal government to announce the commencement of the Shanghai Global Investment Promotion Conference 2026, with a weeklong…
China will pursue a more proactive fiscal policy this year, with the projected deficit-to-GDP ratio set at around 4 percent for 2026, the same as last year, according to the Government Work Report submitted on Thursday to the national legislature for deliberation. That implies a deficit scale of 5.89 trillion yuan ($855 billion) – an…
China’s economic growth target of at least 4.5 to 5 percent this year is both a practical and proactive goal, reflecting the country’s growth potential while leaving room to navigate uncertainties, and China is fully confident of “striving for better in practice”, said a senior official on Thursday. While the external economic environment has become…
This aerial panoramic photo taken on Jan 10, 2023, shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in East China’s Shanghai. [Photo/Xinhua] Comparing the China market to a continuously expanding supersized cake, with Shanghai as the most delicious slice, Lu Shan, vice-mayor of Shanghai, said during the city’s annual…
BEIJING – China’s fiscal fund allocation is expected to reach record highs in terms of total expenditure, the scale of new government bond issuance, and central government transfer payments to local governments, Finance Minister Lan Fo’an told a press conference Friday. The country’s total fiscal expenditure is projected to surpass 30 trillion yuan ($4.35 trillion)…
BEIJING – China’s fiscal fund allocation is expected to reach record highs in terms of total expenditure, the scale of new government bond issuance, and central government transfer payments to local governments, Finance Minister Lan Fo’an told a press conference Friday. The country’s total fiscal expenditure is projected to surpass 30 trillion yuan ($4.35 trillion)…
BEIJING – China’s fiscal fund allocation is expected to reach record highs in terms of total expenditure, the scale of new government bond issuance, and central government transfer payments to local governments, Finance Minister Lan Fo’an told a press conference Friday. The country’s total fiscal expenditure is projected to surpass 30 trillion yuan ($4.35 trillion)…
BEIJING – China’s fiscal fund allocation is expected to reach record highs in terms of total expenditure, the scale of new government bond issuance, and central government transfer payments to local governments, Finance Minister Lan Fo’an told a press conference Friday. The country’s total fiscal expenditure is projected to surpass 30 trillion yuan ($4.35 trillion)…
China is poised for a strong start to its 15th Five-Year Plan (2026-30) period, with a wave of policy measures set to translate into fresh growth momentum this year, according to a leading expert. Pan Jiaofeng, president of the Institutes of Science and Development at the Chinese Academy of Sciences, expressed confidence that the world’s…
BEIJING – Measured by purchasing power parity, the scale of China’s consumer market topped the world during the 14th Five-Year Plan period (2021-2025), Commerce Minister Wang Wentao told a press conference Friday. China’s per capita GDP rose from $10,000 to over $13,000 between 2021 and 2025, while household consumption has exhibited some changes in its…