China will scale up efforts to boost consumer spending this year by pairing measures to stimulate household spending power with pro-consumption policies, according to a government work report submitted to the national legislature for deliberation. China will formulate and implement income growth plans, rolling out a series of practical measures to boost earnings for low-income…
China will scale up efforts to boost consumer spending this year by pairing measures to stimulate household spending power with pro-consumption policies, according to a government work report submitted to the national legislature for deliberation. China will formulate and implement income growth plans, rolling out a series of practical measures to boost earnings for low-income…
China will scale up efforts to boost consumer spending this year by pairing measures to stimulate household spending power with pro-consumption policies, according to a government work report submitted to the national legislature for deliberation. China will formulate and implement income growth plans, rolling out a series of practical measures to boost earnings for low-income…
Shanghai will take greater efforts to make its business environment and government services better, which is conducive to building more wholesome industrial chains, said officials and company executives. The comments came during a news conference recently by the municipal government to announce the commencement of the Shanghai Global Investment Promotion Conference 2026, with a weeklong…
China will pursue a more proactive fiscal policy this year, with the projected deficit-to-GDP ratio set at around 4 percent for 2026, the same as last year, according to the Government Work Report submitted on Thursday to the national legislature for deliberation. That implies a deficit scale of 5.89 trillion yuan ($855 billion) – an…
China’s economic growth target of at least 4.5 to 5 percent this year is both a practical and proactive goal, reflecting the country’s growth potential while leaving room to navigate uncertainties, and China is fully confident of “striving for better in practice”, said a senior official on Thursday. While the external economic environment has become…
This aerial panoramic photo taken on Jan 10, 2023, shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in East China’s Shanghai. [Photo/Xinhua] Comparing the China market to a continuously expanding supersized cake, with Shanghai as the most delicious slice, Lu Shan, vice-mayor of Shanghai, said during the city’s annual…
Alibaba Cloud’s chief technology officer, Zhou Jingren, will take a leading role in advancing the development of Alibaba’s signature Qwen large language model, following the departure of a key technical leader as the group reshuffles responsibilities around its foundational AI strategy. In an internal email to employees on Thursday, Alibaba CEO Eddie Wu responded on…
China is accelerating the mass construction of its self-developed, third-generation nuclear power technology, Hualong One, with several key engineering milestones reached in early March. Hualong One is China’s third-generation nuclear power technology with full intellectual property rights. It is also one of the most widely accepted series of third-generation nuclear power reactors in the world.…
BEIJING – China’s fiscal fund allocation is expected to reach record highs in terms of total expenditure, the scale of new government bond issuance, and central government transfer payments to local governments, Finance Minister Lan Fo’an told a press conference Friday. The country’s total fiscal expenditure is projected to surpass 30 trillion yuan ($4.35 trillion)…