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)…
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)…
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)…
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)…
China sets 2026 development targets: GDP growth of 4.5-5 percent; over 12 million new urban jobs; CPI increase of around 2 percent; grain output of around 700 million metric tons; and a reduction of around 3.8 percent in carbon dioxide emissions per unit of GDP. Steady progress toward high-quality development! Thanks to Chinadaily.com.cn Please visit:…
Residents exercise on treadmills at a community gym in Tiantang town, Yuexi county, Anqing, Anhui province, on Nov 20. WU JUNQI/FOR CHINA DAILY While the surge in sales of smart wearables, nutritional supplements and organic food made headlines during the just concluded Spring Festival holiday, economists and policy researchers view this trend as far more…
Centrally administered State-owned enterprises (SOEs) have achieved significant breakthroughs in frontier technologies like artificial intelligence and quantum computing, said Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission of the State Council, on Thursday. Speaking on the sidelines of the ongoing annual session of the 14th National People’s Congress, China’s top legislature, Zhang…
State Grid Zhejiang Power Supply Company has rolled out customized energy solutions to help enterprises in Zhejiang to optimize costs and enhance efficiency as they ramp up production following the Spring Festival. At Ningbo Haishu Chuangsheng Electromechanical Co, for instance, staff from State Grid Ningbo Power Supply Company met with site managers to assess production…
BEIJING – Measured by purchasing power parity, the scale of China’s consumer market topped the world during the 14th Five-Year Plan period (2021-2025), Commerce Minister Wang Wentao told a press conference Friday. China’s per capita GDP rose from $10,000 to over $13,000 between 2021 and 2025, while household consumption has exhibited some changes in its…
China is poised for a strong start to its 15th Five-Year Plan (2026-30) period, with a wave of policy measures set to translate into fresh growth momentum this year, according to a leading expert. Pan Jiaofeng, president of the Institutes of Science and Development at the Chinese Academy of Sciences, expressed confidence that the world’s…