SHANGHAI — Shanghai has set a GDP growth target of around 5 percent for 2026, Mayor Gong Zheng said on Tuesday while delivering a government work report. The target follows better-than-expected economic expansion in 2025. Shanghai’s GDP grew 5.4 percent year-on-year to 5.67 trillion yuan ($814.6 billion) last year, according to the report. Lu Ming,…
SHANGHAI — Shanghai has set a GDP growth target of around 5 percent for 2026, Mayor Gong Zheng said on Tuesday while delivering a government work report. The target follows better-than-expected economic expansion in 2025. Shanghai’s GDP grew 5.4 percent year-on-year to 5.67 trillion yuan ($814.6 billion) last year, according to the report. Lu Ming,…
An aerial photo taken on Jan 19, 2026, shows a container terminal in Nanjing, Jiangsu province. Two-thirds of China’s provincial-level governments have moderately lowered their GDP growth targets for 2026, as they emphasized boosting domestic demand and fostering emerging industries, a move that analysts said reflects a pragmatic and proactive stance aimed at promoting high-quality…
Visitors view a workstation for automobile components manufacturing during the 2025 China 5G + Industrial Internet Conference in Wuhan, Central China’s Hubei province, Nov 21, 2025. [Photo/Xinhua] China’s market regulator said it accelerated efforts last year to align domestic rules with international standards, further energize business entities and promote fair competition, as part of a…
A tax free sign seen in Shanghai. YIN LIQIN/CHINA NEWS SERVICE Shanghai has seen explosive growth in both inbound passengers and their spending over the past year on account of China’s visa-free policies, and the city is making steady progress in building itself into an international consumption center due to the joint efforts of the…
An employee works at an Oppo smartphone production facility in Manaus, Brazil. ZHOU YONGSUI/XINHUA China and Brazil are moving toward easing travel between the two countries, a step analysts say could deepen one of the world’s most important South-South economic relationships. Following an announcement in late January that unveiled a decision by Brazilian President Luiz…
This file photo shows a staff member of the Bank of Communications demonstrating the use of the digital RMB wallet at the Happy Valley Beijing theme park in Beijing, capital of China. [Photo/Xinhua] BEIJING – Chinese authorities have issued guidelines on enhancing the convenience of digital services for the entry of foreigners and people from…
Chinese wind turbine giant Goldwind Science and Technology Co Ltd said on Wednesday that it will fully cooperate with the European Commission following the initiation of an in-depth investigation into its European Union operations under the Foreign Subsidies Regulation. The commission said a preliminary investigation found “indications” that Goldwind “may have been granted foreign subsidies…
On Feb 4, a group of foreign journalists made a visit to Beijing Automotive Group’s factory in Beijing. Ayoub Bechrouri, a journalist and TV host of China Arab TV, was impressed by the off-road vehicle he rode on a tour of the state-of-the-art technology. He complimented the modern technology of the vehicles made in China,…
Financial regulators from China and the UK explored the feasibility of a new connect program to facilitate two-way investment flows at the first meeting of the China-UK Financial Working Group (FWG), according to the People’s Bank of China. Co-chaired by People’s Bank Governor Pan Gongsheng and Lucy Rigby, economic secretary to Britain’s Treasury, the Beijing…