China will reduce the interest rates of various structural monetary instruments by 0.25 percentage points in order to boost lending, with the one-year interest rate on various central bank lending facilities to be lowered from the current 1.5 percent to 1.25 percent, Zou Lan, vice-governor of the People’s Bank of China, said. The minimum down…
China’s gross domestic product expanded by 5 percent to reach 140.19 trillion yuan ($20.13 trillion) in 2025, the National Bureau of Statistics said on Monday. In the fourth quarter, the economy expanded 4.5 percent from a year earlier and grew 1.2 percent from the previous quarter, the NBS said. Despite a complex domestic and external environment,…
CAI MENG/CHINA DAILY Building more homes that are safe, comfortable, eco-friendly and smart during the 15th Five-Year Plan (2026-30) period is an important measure to practice a people-centric philosophy of development and fulfill people’s aspirations for better lives. It is also a key pathway to promoting high-quality development of the construction sector and fostering new…
China’s gross domestic product expanded by 5 percent to reach 140.19 trillion yuan ($20.13 trillion) in 2025, the National Bureau of Statistics said on Monday. In the fourth quarter, the economy expanded 4.5 percent from a year earlier and grew 1.2 percent from the previous quarter, the NBS said. Despite a complex domestic and external environment,…
China’s gross domestic product expanded by 5 percent to reach 140.19 trillion yuan ($20.13 trillion) in 2025, the National Bureau of Statistics said on Monday. In the fourth quarter, the economy expanded 4.5 percent from a year earlier and grew 1.2 percent from the previous quarter, the NBS said. Despite a complex domestic and external environment,…
Driven by the sustained implementation of trade-in policies, pilot reforms in automobile circulation, and efforts to expand used car transactions, China’s used car market is gradually shifting from a fragmented, regional play into one that is heading toward nationwide circulation. The numbers tell a clear story. Data from the China Automobile Dealers Association show that…
A humanoid robot conducts box-carrying training at a data collection pre-training center for humanoid robots in Hefei, East China’s Anhui province, on Dec 4. ZHANG DUAN/XINHUA HEFEI — From robots deployed at airports and hotels to autonomous vehicles navigating city roads and quantum computing tackling complex industrial calculations, innovations in China are moving rapidly from…
A drone photo shows a fireworks show at the Harbin Ice-Snow World in Harbin, Northeast China’s Heilongjiang province, on Jan 5. LIU YANG/FOR CHINA DAILY BEIJING — As exhilarated tourists ride the 521-meter super ice slide and take photos with the spectacular ice sculptures on show in the Harbin Ice-Snow World theme park, they are…
The Asia-Pacific region is playing an increasingly important role in the global economy and is expected to contribute around 60 percent of global growth in both 2025 and 2026, said the International Monetary Fund. Asian economies such as China, Japan and India now account for three of the top five countries in the World Bank’s…
An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY The gross domestic product of Guangzhou, the capital of Guangdong province, is forecast to grow by about 5 percent in 2026, based on the expansion of emerging industries, according to Sun Zhiyang, the city’s mayor, during the annual session…