Skip to content

economic

China’s rise inspires Africa, Kenya Airways exec says

“The 5 percent growth of China is commendable,” Julius Thairu, chief commercial and customer officer for Kenya Airways, said in an interview with China Daily Website. “A lot of new airports, lots of infrastructure, upgrading of infrastructure within China, and that serves as a good example of what’s possible in Africa,” he added. Tanks to…

China, Central Asia witness deepened economic, trade ties

A drone photo shows a China-Central Asia freight train bound for Tashkent via Horgos before its departure from a railway station at Tianjin Port in North China’s Tianjin, May 20, 2025. [Photo/Xinhua] BEIJING — China and Central Asia have seen their economic and trade ties continue to strengthen with trade among them growing rapidly for…

LEGO Group brings ‘World Play Day’ to Shanghai

The World Play Day event is held from June 11 to July 27 at the West Bund Dream Center in Shanghai. [Photo provided to chinadaily.com.cn] LEGO Group celebrated World Play Day on Wednesday with key events in Shanghai, Berlin, Boston and London, as the Danish toymaker ramps up engagement in its key growth market. The…

Retail sales surge points to strong resilience

China’s retail sales rose in May at the fastest pace since late 2023, while industrial production and investment posted steady gains, signaling the strong resilience of the world’s second-largest economy amid persistent global headwinds. Analysts said the growth points to a recovery that remains on course, backed by targeted stimulus and accommodative macro policies. However,…

US may extend July 8 deadline for trade talks

NEW YORK — The United States may extend a self-defined deadline for the government to land trade deals with a big number of trading partners, President Donald Trump said on Wednesday. Trump voiced willingness to extend the deadline of July 8 in a bid to reach trade deals with its main trading partners. But he…

ASEAN tops Guangdong’s trade partners in 2025’s first five months

Dongguan in South China’s Guangdong province is a busy port on the Pearl River. [Photo provided to chinadaily.com.cn] The Association of Southeast Asian Nations, Hong Kong, and the European Union became the top three trade partners of Guangdong in the year’s first five months, with their growth rate faster than the province’s overall export and…

Chinese seaport cities see soaring port economy output in 2024

TIANJIN — Chinese seaport cities saw the added value of their port economy hit 6.7 trillion yuan (about $933 billion) in 2024, up 360.6 billion yuan over the previous year, according to a report released by an institute under the Ministry of Transport on Thursday. The report, compiled by the planning and research institute under…

China sees strong financing momentum in May

China’s financing activity maintained steady momentum in May, signaling improved market confidence, official data showed on Friday. The country’s aggregate social financing — the total amount of financing to the real economy — stood at 18.63 trillion yuan ($2.59 trillion) in the first five months of the year, up by 3.83 trillion yuan from the…

Pilot programs to see speedy rollouts

Visitors check out Alibaba Cloud services during a high-tech conference in Hangzhou, Zhejiang province, in September. LONG WEI/FOR CHINA DAILY China will expedite pilot programs to further open up its services sector in key areas such as cloud computing, biotechnology and wholly foreign-owned hospitals, as part of broader efforts to create a more favorable environment…

Surge in imports of agricultural products from Africa

An exhibitor arranges coffee products on show during a China-Africa trade expo in Changsha, Hunan province. ZHANG WEI/CHINA DAILY More African agricultural products such as Ethiopian coffee beans and Tanzanian cashew nuts have appeared on the dining tables of Chinese consumers, fueled by China’s preferential tariff policies and an increasing appetite for different specialties. Benefiting from…