A shopper buys vegetables at a supermarket in Lianyungang, Jiangsu province. GENG YUHE/FOR CHINA DAILY China is accelerating its push toward a consumption-led economic model, with policymakers identifying the expansion of domestic demand as the key driver of GDP growth during the 15th Five-Year Plan period (2026-30), economists and officials said. Following the tone-setting Central…
An aerial drone photo taken on Nov 21, 2025 shows a view of the Yangpu International Container Port in Yangpu Economic Development Zone, South China’s Hainan province. [Photo/Xinhua] China will apply provisional import tariff rates lower than the most-favored-nation rates on 935 items starting on Jan 1, a move market observers and company executives said…
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China has made a key breakthrough in the evolution of its central bank’s digital currency by positioning the e-CNY as “digital deposit money”, a move experts said is set to expand its use scenarios and strengthen the country’s leadership in global CBDC exploration. People’s Bank of China Vice-Governor Lu Lei said in the central bank-affiliated…
China’s economy has moved into a phase dominated by better managing existing resources. On the one hand, the sheer size of the nation’s economy means it can no longer operate out of the spotlight. Intensified international economic and trade competition has heightened requirements for optimizing existing resources while striving for new growth drivers. On the…
An employee arranges to load the first batch of offshore goods onto a ship at Sanya Port in Sanya, Hainan province, on Dec 18. LI XUESHI/FOR CHINA DAILY On the sun-drenched sands of Sanya’s Dadonghai Beach, the rhythm of the South China Sea waves mingles with animated conversations in Russian. A couple from Saint Petersburg,…
CAI MENG/CHINA DAILY The launch of island-wide special customs operations at South China’s Hainan Free Trade Port represents a major strategic initiative by China to advance high-level opening-up in the new era. It carries profound historical significance and presents broad development opportunities. This strategy aims to build it into a prominent banner and a key…
China will continue to pursue a more proactive fiscal policy next year with enhanced precision and effectiveness, to promote an effective improvement in the quality of the economy and a reasonable expansion in its scale, while maintaining social harmony and stability, said Finance Minister Lan Fo’an. He said on Saturday that the goal is to…
The revised Foreign Trade Law will strengthen China’s legal framework for high-level opening-up, promote high-quality trade growth, and enhance protection for businesses amid rising protectionism worldwide, experts and officials said. The updated provisions, which vow to further benchmark the law against international economic rules and safeguard the multilateral trading system, will also help foster a…
China will continue to pursue a more proactive fiscal policy next year with enhanced precision and effectiveness, to promote an effective improvement in the quality of the economy and a reasonable expansion in its scale while maintaining social harmony and stability, Finance Minister Lan Fo’an said on Saturday. He said the goal is to lay…