Building on existing measures that have positioned the city as a leader in 22 World Bank business environment indicators, Shanghai released its latest action plan on Sunday aimed at further accelerating the development of its world-class business environment, according to official sources. Formally known as Shanghai’s action plan to accelerate the creation of a world-class…
Shandong’s gross domestic product in 2025 is estimated to exceed 10 trillion yuan ($1.4 trillion), making it the nation’s third, and first northern, province to reach this economic milestone, Governor Zhou Naixiang said in his New Year address on Thursday. Zhou said that key indicators, including industrial output, consumption, and import-export growth, outperformed national averages…
The outlook for China’s high-quality development remains highly encouraging with the country staying firmly committed to reforms, said Asif S. Cheema, the Asian Development Bank’s country director for China. He noted that China’s development plan for the next five years underscores the government’s continued emphasis on high-quality development, including greater investment in people and efforts…
A visitor examines a rare earth iron ore exhibit at the Fifth China-Mongolia Expo in Hohhot, Inner Mongolia autonomous region, on Aug 26. DING GENHOU/FOR CHINA DAILY China is pioneering a green transformation of its rare earth industry through world-leading technological innovation, setting global standards for sustainable mineral extraction, company executives and experts said. For years,…
From the national strategy of expanding domestic demand to the global vision of mutually beneficial cooperation, the Central Economic Work Conference has charted the course for high-quality development. Guided by this vision, China’s ice and snow industry has made a remarkable leap “from scratch to excellence” in just two decades, establishing a world-class platform for…
China’s latest move to support consumer goods trade-in programs and large-scale equipment renewal in 2026 will help further stimulate consumption and upgrade industries, creating new growth drivers for the economy, said market watchers and executives of multinational companies. The government has allocated 62.5 billion yuan ($8.94 billion) in ultra-long special treasury bond funds in advance…
Customers browse the shelves for cosmetics at a CDF duty-free shopping mall in Haikou, Hainan province, on Friday. During the three-day New Year holiday, sales of duty-free goods in Hainan reached 442,000 items, a year-on-year increase of 52.4 percent, according to Haikou Customs. SU BIKUN/FOR CHINA DAILY China’s new pro-consumption drive will attract more inbound…
China’s State-owned and State-controlled enterprises demonstrated generally stable performance in the first 11 months of 2025, with revenues registering slight growth while profits experienced a modest year-on-year decline. According to official data released earlier this week, these enterprises collectively generated operating revenues totaling 75.63 trillion yuan ($10.8 trillion) during the January-November period, reflecting a 1…
SAN FRANCISCO — US electric automaker Tesla said Friday that its global vehicle deliveries in 2025 fell by around 8.6 percent year on year, marking the first time the company has been overtaken in annual electric vehicle sales by China’s automaker BYD. Tesla produced 1.655 million electric vehicles in 2025 and delivered 1.636 million, lower…
Shanghai has reported a rise in online retail spending over the New Year holiday, while street store trade remained comparable to last year. Average daily consumption in Shanghai during the three-day New Year holiday, which began on Thursday, reached 12.2 billion yuan ($1.74 billion), up 2.5 percent year-on-year, statistics released by the Consumer Market Big…