State Grid Corporation of China expects to invest 4 trillion yuan ($553 billion) in fixed assets during the 15th Five-Year Plan period (2026–2030), a 40 percent increase over the previous cycle, in order to accelerate the development of a high-quality supply chain for its new power system. The massive capital expenditure aims to align with…
Tourists visit the ancient Barkhor Street in Lhasa, capital of the Xizang autonomous region. [Photo by Palden Nyima/chinadaily.com.cn] LHASA — The regional gross domestic product of Lhasa, capital of Southwest China’s Xizang autonomous region, exceeded 100 billion yuan ($14.3 billion) for the first time in 2025, according to the city’s mayor on Wednesday. In 2025,…
People work at a durian processing enterprise in the Qinzhou comprehensive bonded zone in Qinzhou, South China’s Guangxi Zhuang autonomous region, on Jan 6. HOU CHAOBO/XINHUA NANNING — A ceremony was held on Jan 6 at Qinzhou Port, South China’s Guangxi Zhuang autonomous region, marking the arrival of Indonesia’s first container of frozen durian exported…
Visitors gather at the booth of Trip.com during an expo in Beijing in June. CHINA DAILY China is intensifying efforts to ensure fair competition in the platform economy and guide it toward healthy growth, as the country’s top market regulator launches an antitrust probe into a leading online travel agency. The State Administration for Market…
China is expected to allow more local governments to review and approve projects funded by special-purpose bonds this year, analysts said, as policymakers vow to “halt the decline in investment and promote its recovery” amid a complex external environment. The analysts’ comments came after a yearlong pilot program that granted 10 provincial-level regions greater say…
A visitor interacts with a robot equipped with intelligent dexterous hands at the 2025 World AI Conference (WAIC) in East China’s Shanghai, July 29, 2025. [Photo/Xinhua] Shanghai’s efforts to transform and upgrade its advanced manufacturing over the coming three years are expected to consolidate the city’s manufacturing capabilities, enhance industrial chain stability, and further catapult…
An aerial drone photo taken on Feb 2, 2024 shows a container vessel berthing at the smart zero-carbon terminal of Tianjin Port in North China’s Tianjin. [Photo/Xinhua] Tianjin Port’s intelligent container terminal has recently achieved fully automated and unmanned loading/unloading operations, integrating cutting-edge technologies such as Beidou navigation, 5G communications and artificial intelligence-powered transport robots.…
Driven by both policy incentives and potential healthy returns, insurance funds have shown heightened activity in the equities market. In 2025, such funds triggered mandatory stake disclosures in listed companies at their highest frequency since 2016. Financial industry professionals expect insurance funds to further ramp up their equity exposure. Zhao Ran, an analyst at CSC…
China will cut interest rates on targeted monetary policy tools and expand related quotas to spur lending in key areas and improve market expectations, underscoring policymakers’ resolve to support a solid economic start to the 15th Five-Year Plan (2026-30) period, officials and experts said. Zou Lan, vice-governor of the People’s Bank of China, said on…
BEIJING — China and Canada both support economic globalization and trade liberalization, and share extensive common interests and huge potential for cooperation in economic and trade fields, a spokesperson for China’s Ministry of Commerce said on Thursday. China is expanding high-standard opening up, proactively aligning with high-standard international economic and trade rules, and steadily advancing…