China’s major stock indexes on display on a billboard in Shanghai. CHINA DAILY A slow bull run has largely been established in the Chinese mainland’s A shares and is poised to benefit from capital market reforms and economic recovery, potentially evolving into a long-term bull market, according to the Bank of China. At the same…
Wenzhou has officially joined the ranks of China’s top economic performers, with its GDP surpassing 1 trillion yuan ($143.6 billion) in 2025, thanks to its dynamic private sector, robust industrial economy and technological innovation. The announcement was made on Jan 20 at the 6th Session of the 14th Wenzhou Municipal People’s Congress, making Wenzhou the…
BEIJING – The People’s Bank of China announced on Thursday that it will conduct a 900-billion-yuan ($128.54 billion), one-year medium-term lending facility (MLF) operation on Friday, aiming to maintain ample liquidity in the country’s banking system. The central bank said the MLF operation will be carried out via a fixed-quantity, interest-rate-bidding and multiple-price-bidding method. The…
BEIJING – The People’s Bank of China (PBOC) will continue to implement a moderately loose monetary policy in 2026, and will utilize tools such as reserve requirement ratio (RRR) cuts and interest rate reductions to ensure liquidity remains sufficient, according to central bank governor Pan Gongsheng. Monetary policy will focus on promoting stable economic growth…
BEIJING – A Chinese Ministry of Commerce spokesperson on Thursday welcomed Canada’s new trade arrangements for electric vehicles (EVs) exported from China, calling them “a positive step in the right direction.” Spokesperson He Yongqian made the remarks when answering a question on the agreements on EVs and rapeseed reached between the two countries. According to…
According to an announcement from Dalian’s statistics bureau on Thursday, the city’s gross domestic product reached 1.00021 trillion yuan in 2025, up 5.7 percent year-on-year, making it the first city in Northeast China with a GDP to exceed the trillion mark. Tanks to chinadaily.com.cn Please visit: Our Sponsor
BEIJING – China’s government-backed consumer goods trade-in programs benefited 366 million purchases in 2025, boosting product sales worth a total of 2.61 trillion yuan ($373 billion) in value, government data shows. At a regular press briefing on Thursday, commerce ministry spokesperson He Yongqian said that these programs led enterprises above a designated size to see…
BEIJING – China will step up efforts to promote the high-quality development of its real estate sector, advance urban renewal, and accelerate the upgrading of the construction industry in 2026, striving to secure a good start for housing and urban-rural development during the 15th Five-Year Plan period (2026-2030), an official said. The 15th Five-Year Plan…
China voiced “grave concerns” and “firm opposition” to the European Union’s move to label certain Chinese tech firms as “high-risk suppliers” on Thursday, following Brussels mandates to restrict such suppliers from critical sectors like 5G. “We firmly oppose the EU’s discriminatory practices against Chinese enterprises and its misguided approach of politicizing and over-securitizing economic and…
An aerial drone photo taken on May 30, 2024 shows the Datong Coal Mining Subsidence Area National Advanced Technology Photovoltaic Demonstration Base in Datong, North China’s Shanxi province. [Photo/Xinhua] DAVOS, Switzerland – China has emerged as an essential actor in the global sustainability transition and is poised to play an important role in the next…