Foreign tourists shop at a mall in Sanya, Hainan province, on Jan 11. GUO CHENG/XINHUA China’s push to expand domestic demand and improve its business environment will increasingly converge, as policymakers seek to anchor growth in consumption while maintaining the country’s appeal to foreign companies amid global uncertainty, said a foreign economist. John Quelch, executive…
An image captures the construction of the Tianjin-Weifang High-speed Railway, a key segment of China’s “eight vertical and eight horizontal” high-speed rail network. The HSR is being built by State builders such as China Railway 24th Bureau Group Corp. CHINA DAILY BEIJING — China’s provincial-level governments have unveiled their GDP targets for this year and…
The annual session of the Shanghai Municipal People’s Congress, the city’s legislative body, opens on Tuesday. [Photo provided to chiandaily.com.cn] Shanghai has set its economic growth target for this year at approximately 5 percent, with research and development spending projected to account for about 4.6 percent of the city’s total GDP, said Gong Zheng, mayor…
This aerial photo taken on Jan 29, 2026 shows a view of Zhangjiang area of the China (Shanghai) Pilot Free Trade Zone in East China’s Shanghai. [Photo/Xinhua] Shanghai has set its sights on becoming one of the world’s top three cities in terms of economic scale by the end of the decade. The aim is…
A drone photo taken on Jan 13, 2026 shows a bulk ship unload bulks at the ore terminal of Caofeidian Port Area in Tangshan Port in Tangshan, North China’s Hebei province. [Photo/Xinhua] Hebei province recorded robust foreign trade growth in 2025, with its total import and export value reaching 682.22 billion yuan ($98 billion), up…
A view of an ongoing import fair in Gakyiling Plaza Shopping Mall in Lhasa, Xizang autonomous region. PALDEN NYIMA/CHINA DAILY Lhasa, capital of the Xizang autonomous region, achieved a historic economic milestone in 2025, with its GDP hitting 109 billion yuan ($15.7 billion). “This not only marks the emergence of Xizang’s first city with a…
China has rolled out a prize invoice pilot program across about 50 cities, marking the first national-level push to revive the initiative in 36 years as Beijing seeks to stimulate consumer demand and strengthen economic momentum. The pilot, launched by the Ministry of Finance, the Ministry of Commerce and the State Taxation Administration last month,…
BEIJING — China’s State Taxation Administration (STA) said Sunday it has released an announcement to adjust and improve export tax rebate management regulations to make declaration and handling processes more convenient and efficient. The announcement integrates various export tax rebate and exemption regulations issued at different times into a unified set of administrative measures. It…
Nanshan district in Shenzhen, Guangdong province, is showing how technological innovation can lead to economic growth and turn it into a sustainable driver of development, even with limited resources. Li Xiaoning, head of the district, recently announced that it had surpassed the 1 trillion yuan ($143.7 billion) GDP benchmark for the first time last year…
How can a cherry from the Southern Hemisphere reach Chinese diners’ table in just 23 days? The magic is in the bustling trans-Pacific cold chain! Since the beginning of the 2025-2026 season, direct voyages from Chile have doubled, turning cherries from a luxury into a daily treat for Chinese families, even in lower-tier markets. This…