During a recent weekend, I found myself waiting in line for a limited-edition latte at Wangfujing WellTown in Beijing’s Tongzhou district. Around me, families compared shopping bags, while young groups livestreamed their “first visit”. As a reporter who has long covered macroeconomic data and policy briefings, I am used to writing about consumption in percentage…
CAI MENG/CHINA DAILY At present, China’s economic development is at a critical stage of transitioning from high-speed growth to high-quality development. As China’s per capita GDP has surpassed $12,000, the structure of household consumption is undergoing a historic transformation — from one dominated by the consumption of tangible goods to a shift toward giving equal…
China’s strategic priorities for the next five years will center on developing new quality productive forces and boosting domestic demand, according to the recently unveiled Recommendations of the Central Committee of the Communist Party of China for Formulating the 15th Five-Year Plan for National Economic and Social Development. While it is undoubtedly crucial to concentrate…
Employees work on a production line at a welding workshop of Yangzhou Hongquan Industrial Co in Yangzhou, Jiangsu province, on Saturday. Ren Fei/For China Daily China has cemented its position as the world’s second-largest economy after the country’s GDP expanded 5 percent year-on-year in 2025, surpassing the 140 trillion yuan ($20.4 trillion) threshold for the…
Visitors pause to appreciate a robotic-themed exhibition booth at the Pudong Development and Opening-up Themed Exhibition in Shanghai’s Pudong New Area, on Dec 6, 2025. [Photo/Xinhua] The Shanghai Global Investment Promotion Conference 2026, along with week-long investment activities, is scheduled to commence on March 14, local officials announced during a press conference on Saturday. Nearly…
A news conference on the business environment is held in Shijiazhuang, Hebei province on Saturday. [Photo provided to chinadaily.com.cn] North China’s Hebei province on Saturday unveiled a series of measures to further optimize its business environment, focusing on boosting consumption, stabilizing foreign trade and attracting investment, as part of its ongoing efforts to foster high-quality…
China’s Ministry of Commerce announced on Saturday that that Canadian companies will face an anti-dumping duty rate of 5.9 percent after it concluded an anti-dumping investigation into canola seed imports originating in Canada. The outcome of the probe, which was launched in December 2024, ruled that definitive anti-dumping measures would be implemented from Sunday for…
China will remove additional tariffs imposed on certain imports from Canada, following recent consultations that led to a preliminary arrangement between the two countries, the Customs Tariff Commission of the State Council announced on Friday. The move comes after Canada adjusted some of its tariff measures targeting Chinese electric vehicles and steel and aluminum products.…
Hebei province has launched a fresh push to attract businesses, vowing to create a “first-class” environment for investors at home and abroad. At a key meeting in the provincial capital, Shijiazhuang, on Tuesday, officials declared their ambition to make the business climate the region’s “golden signboard”. It’s the fourth year running that the province has…
Hebei province has launched a fresh push to attract businesses, vowing to create a “first-class” environment for investors at home and abroad. At a key meeting in the provincial capital, Shijiazhuang, on Tuesday, officials declared their ambition to make the business climate the region’s “golden signboard”. It’s the fourth year running that the province has…