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Global economy growth stabilizes at 3.2% in 2024, 2025 — OECD

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The skyline of Beijing. [Photo/VCG] PARIS – Global gross domestic product (GDP) growth is projected to stabilize at 3.2 percent in both 2024 and 2025, while inflation should continue to ease, the Organisation for Economic Cooperation and Development (OECD) said on Wednesday in its latest economic outlook. Tanks to chinadaily.com.cn Please visit: Our Sponsor

US ban on Chinese software

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[Photo/IC] China firmly opposed the United States’ plan to prohibit Chinese software and hardware in connected vehicles on American roads and called for the withdrawal of relevant restrictive measures, the Ministry of Commerce said on Wednesday. Over the years, the US has resorted to a series of protectionist measures against Chinese automotive products, including imposing…

Fitness, community bonding seen key to wellbeing

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Men shoot hoops at a park in Hefei, Anhui province, on Sept 18. [ZHAO MING/FOR CHINA DAILY] The Chinese mainland has topped the global wellbeing index, driven by a growing emphasis on fitness and community bonding, according to a recent industry survey. The Global Wellbeing Report 2024 reveals that residents on the Chinese mainland scored…

Yihai Kerry Arawana endorses Henan’s exceptional investment climate

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During the 2024 Cooperation and Exchange Conference between Henan Province and Multinational Corporations, Mu Yankui, president of Yihai Kerry Arawana Group, highlighted Henan’s unique resources and market environment for grain and oil food processing enterprises as a populous region and a major grain-producing area. He commended the local government for its swift response to corporate…

Sino-Swiss free trade agreement in upgrade negotiations

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[Photo/VCG] China and Switzerland commenced negotiations to upgrade the Sino-Swiss free trade agreement (FTA) on Monday, said the Ministry of Commerce in an online statement. During his meeting with Guy Parmelin, Swiss federal councilor and head of the Swiss Federal Department of Economic Affairs, Education and Research via a livestream, Chinese Minister of Commerce Wang…

China-ASEAN Expo further drives economic, trade cooperation

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A view of the venue for the 20th China-ASEAN Expo in Nanning, South China’s Guangxi Zhuang autonomous region. PENG HUAN/FOR CHINA DAILY NANNING – Participants at the 21st China-ASEAN Expo, which kicked off on Tuesday in Nanning, South China’s Guangxi Zhuang autonomous region, emphasized the importance of deepening economic and trade cooperation between the two…

Advanced technology, high-end equipment shine at China Transpo

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An exhibitor introduces a model of Boeing 777X aircraft at the 16th International Exhibition on Transport Technology and Equipment held in Beijing, Sept 23, 2024. [Photo/VCG] Hosted by the Ministry of Transport, the 16th International Exhibition on Transport Technology and Equipment, known as China Transpo, kicked off at Shougang Park, Shijiangshan district in Beijing on…

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Trade in services experiencing exponential growth

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Visitors check out a colored lantern at the Sichuan province exhibition stand during the 2024 China International Fair for Trade in Services in Beijing on Sept 12. ZHANG WEI/CHINA DAILY For Koh Poh-Yian, senior vice-president of FedEx Express and president of FedEx China, 2024 is undoubtedly shaping up to be a busy year. The United States-based…

China steps up efforts to boost domestic demand

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A consumer (right) learns about trade-in plans for home appliances at a store in Chongqing in July. SUN KAIFANG/FOR CHINA DAILY BEIJING — The National Development and Reform Commission (NDRC), China’s top economic planner, said Thursday that it is intensifying efforts to spur investment and consumption in its bid to bolster domestic demand. Specifically, the…

AI industry gains acceleration in East China

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A staff member of National Intelligent Voice Innovation Center demonstrates an acoustics imager to detect equipment breakdown at China Speech Valley, Hefei city, East China’s Anhui province, Sept 20, 2024. [Photo/Xinhua] China has been vigorously developing its AI industry with talent cultivation and capital input. Various new products and applications like industrial AI quality detection…