University students operate equipment at a workshop in Tananarive, capital of Madagascar, April 26, 2024. [Photo/Xinhua] BEIJING — China-Africa economic and trade cooperation has continued to scale new heights since the 2021 Forum on China-Africa Cooperation, delivering tangible benefits to the people of both China and Africa, said Assistant Minister of Commerce Tang Wenhong. Tang…
The expression “consolidating the foundation and boosting vitality” has been attracting market attention recently, after Chinese authorities said during a news conference that the country will stabilize economic growth in such a manner. First-half data may provide deeper insight. First, the 5 percent economic growth was achieved during a period of transitioning between old and…
Engineers of China Railway 20th Bureau Group Corp conduct elevation measurements for asphalt road markings on a section of the Ntui-Mankim Highway project in Cameroon in late July. [Photo/China Daily] It was a busy weekday morning in late August for truck driver Osman Ngoh as the Cameroonian went about guiding workers while they loaded ebony…
An aerial drone photo taken on July 3, 2024 shows a fully automated container terminal of Qingdao Port in operation in Shandong province. [Photo/Xinhua] China is taking solid steps, including accelerating the introduction of a new, shortened negative list for market access, to optimize the business environment and inject strong impetus into the economy, officials…
The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024. [Photo/CFP] China should further bolster its economy by stepping up fiscal and monetary policy support, including raising the budget deficit and effecting more cuts in the reserve requirement ratio…
A taxi driver tries out a Chinese-branded EV in Mombasa, Kenya, Aug 16, 2024. [Photo/Xinhua] In 2013, when I worked in Addis Ababa, Ethiopia, in the run-up to the launch of China Daily’s African edition, a local auto dealer told me that unlike in China, where cars are purely consumer products, Ethiopians treat them as…
A taxi driver tries out a Chinese-branded EV in Mombasa, Kenya, Aug 16, 2024. [Photo/Xinhua] Chinese and African business leaders will gather in Beijing next week to explore new avenues for deepening China-Africa industrial cooperation, paving the way for African countries to accelerate their integration into global industry and supply chains, said China’s top foreign…
Employees work on a display unit production facility in Guiyang, Guizhou province, in February. QU HONGLUN/CHINA NEWS SERVICE Despite continuous growth in China’s home appliance exports this year, the country must remain clearheaded in the face of a complex and volatile international trade environment, experts said. “Thanks to a rebound in international demand and inventory…
Cars that are part of a vehicle trade-in program are on display at an auto expo in Yantai, Shandong province. [TANG KE/FOR CHINA DAILY] China’s new round of vehicle trade-in program, initiated recently, is part of the country’s efforts to further catalyze the consumption of big-ticket items and boost economic growth in the second half,…
A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China’s Anhui province. [Photo/IC] BEIJING – For some time, certain critics have fixated on the isolated statistic of a “decline in foreign direct investment (FDI)” to undermine confidence in the Chinese…