Two-thirds of China’s provincial-level governments have moderately lowered their GDP growth targets for 2026, even as they emphasized boosting domestic demand and fostering emerging industries, a move that analysts said reflects a pragmatic and proactive stance aimed at promoting high-quality development. The shift has increased the likelihood of China setting its real GDP growth target…
Three central government agencies introduced a new duty-free policy on Thursday that allows residents of the Hainan Free Trade Port to purchase imported consumer goods tax-free, a move aimed at boosting the port’s development and easing local living costs. The Ministry of Finance, the General Administration of Customs, and the State Taxation Administration jointly issued…
China’s official gold reserves rose in January despite an increase in gold prices, extending a 15th consecutive month of buying streak, as the country continued to diversify and optimize its international reserves, official data showed on Saturday. Gold reserves stood at 74.19 million ounces at the end of January, up 40,000 ounces from a month…
In a move to fend off financial risks, China clarified its regulatory stance on onshore entities’ overseas activities related to virtual currencies, including stablecoins, bringing these activities under strict oversight while reaffirming its stringent ban on such onshore activities. The People’s Bank of China, together with the China Securities Regulatory Commission and six other central…
A merchant (left) from Tashkent shows customers building materials from Guangyuan, Sichuan province at his store in the capital of Uzbekistan on Dec 12. XINHUA China became the largest trading partner of Central Asian countries in 2025, with two-way trade reaching a record amount, a shift driven by expanding cooperation and closer regional ties, experts…
Amid mounting challenges such as tariff barriers, technology restrictions and heightened geopolitical uncertainty, China-US trade is undergoing a gradual adjustment, with market watchers and business leaders saying that bilateral trade flows are showing signs of a slow recalibration and becoming more structurally complex, rather than moving toward full-scale decoupling. They noted that the growth of…
A merchant (left) from Tashkent shows customers building materials from Guangyuan, Sichuan province at his store in the capital of Uzbekistan on Dec 12. XINHUA China became the largest trading partner of Central Asian countries in 2025, with two-way trade reaching a record amount, a shift driven by expanding cooperation and closer regional ties, experts…
China will provide more robust policy support to boost the consumption of services, officials and experts said, pointing to a structural shift in domestic demand, where spending on services is increasingly becoming a primary driver of consumption. “China has put forward sector-specific measures, such as relaxing market access, removing unjustified restrictions, fostering quality market players,…
According to the unified accounting results of the regional gross domestic product of Liaoning, Dalian’s regional GDP reached 1.00021 trillion yuan ($143.4 billion) in 2025, representing a year-on-year increase of 5.7 percent at constant prices. Dalian has become the first city in Northeast China with a GDP exceeding 1 trillion yuan. “Overall, the city’s economy…
The Shanghai municipal government holds a press conference on Saturday, when the annual plenary sessions of the city’s legislative and political advisory bodies closed. [Photo by Zhou Wenting/chinadaily.com.cn] With the establishment of 6,300 new foreign-funded enterprises in the city last year — an increase of 6.8 percent — Shanghai has continued to solidify its position…