The National Development and Reform Commission has recently approved an early batch of major projects related to national strategies and safety-related capacity building for 2026, along with the central government’s budget investment plan totaling about 295 billion yuan ($41 billion) to further expand effective investment, the commission said on Wednesday. Li Chao, spokeswoman for the…
China has urged the Netherlands’ government to refrain from further moves in the wrong direction and take concrete steps to restore stability and security in global semiconductor supply chains, according to a statement issued by the Ministry of Commerce on Wednesday. In response to the Netherlands’ Minister of Economic Affairs Vincent Karremans’ recent comments to…
China will step up antitrust enforcement, rein in cutthroat competition and better develop the platform economy as part of its market regulation priorities for 2026, the country’s top market regulator said after a national work conference in Beijing. The State Administration for Market Regulation (SAMR) said the two-day meeting that ended on Monday set out…
As geopolitical tensions, climate imperatives and digital disruptions reshape the worldwide economic landscape, many have argued that globalization is in retreat. Yet such a view misses the deeper transformation underway, a senior trade expert told China Daily in an exclusive interview. Zhao Zhongxiu, president of the University of International Business and Economics. “Globalization is not…
An employee works on the assembly line of a private cane harvester manufacturer in Luoyang, Henan province. ZHANG XIYI/FOR CHINA DAILY China’s top economic regulator is expected to ramp up support for the private sector, with greater emphasis on targeted, problem-oriented policymaking to address the real challenges of enterprises, thereby stabilizing policy expectations and bolstering…
China has front-loaded 62.5 billion yuan ($8.9 billion) through the first tranche of ultra-long-term special treasury bonds to local governments, providing an early funding boost for consumer goods trade-in programs set for 2026. According to a notice jointly released by the National Development and Reform Commission and the Ministry of Finance, incentives will still be…
China’s State-owned and State-controlled enterprises demonstrated generally stable performance in the first 11 months of 2025, with revenues registering a slight growth and profits experiencing a modest year-on-year decline, according to official data released on Monday. These enterprises collectively generated operating revenues totaling 75.63 trillion yuan ($10.8 trillion) during the January-November period, reflecting a 1…
The Ministry of Commerce on Tuesday issued guidelines urging Chinese companies operating outside Chinese mainland to integrate social responsibility into their operations, support host-country development, promote green and compliant practices, and align with the Belt and Road Initiative and broader global initiatives. According to an online statement released by the ministry, the guidelines consist of…
A “double festival heartwarming season” event kicks off on Wujiang Road in Shanghai on Sunday, offering tourists an integrated experience of travel consumption and local specialty foods. CHINA DAILY BEIJING — As China’s consumption sector expands amid structural upgrades, policies designed to stimulate spending are gaining momentum to reinforce this key pillar of the world’s…
The Hong Kong Special Administrative Region is expected to post an economic growth rate above 3 percent for 2025, supported by the resilient export sector and the nascent recovery of domestic consumption, experts said. Hang Seng Bank has raised the GDP forecast from 2.5 percent to 3.2 percent for 2025, as the domestic economy is…