China’s manufacturing sector saw a notable rebound in December, with demand recovering and exports stabilizing, as the purchasing managers’ index climbed back above the 50-point mark for the first time since April. Data released by the National Bureau of Statistics on Wednesday showed that China’s official PMI rose to 50.1 in December from 49.2 in…
Chinese President Xi Jinping said on Wednesday that China’s gross domestic product is expected to have achieved around 5 percent growth in 2025, and he called for further efforts to ensure a strong start for the 15th Five-Year Plan (2026-30) period. Xi made the remarks when addressing an annual gathering organized by the Chinese People’s…
China’s securities regulator has refined rules governing the administrative commitment system for enforcement parties in the securities and futures market, further clarifying eligibility criteria and procedures to enhance policy effectiveness. The China Securities Regulatory Commission said on Wednesday that it has revised regulations on the system, which will take effect on Feb 1. Under the…
BEIJING — China’s total outstanding external debt stood at $2.37 trillion at the end of September, indicating overall stability in the third quarter, data from the country’s forex regulator showed on Wednesday. Its external debt scale decreased slightly, with a generally stable currency structure and optimized maturity structure, said Li Bin, deputy head of the…
A residential property project under construction in Shanghai. [Photo provided to China Daily] China has launched a pilot program for commercial property real estate investment trusts (REITs), a key step toward using market-based mechanisms to support a new model of real estate development and promote innovation in asset securitization. On Wednesday, the China Securities Regulatory…
The gold industry in the Ili Kazak autonomous prefecture of China’s Xinjiang Uygur autonomous region has seen rapid growth in the last year, emerging as the prefecture’s primary industrial driver, local officials said at a news conference in Urumqi on Wednesday. Prefecture Governor Erxat Tursunbag reported that gold output reached 6.5 metric tons in 2025,…
China will impose safeguard measures on beef imports from certain countries when volumes exceed set quotas, effective from Thursday through Dec 31, 2028, the Ministry of Commerce said in an online notice on Wednesday. The notice said the safeguard measures will be gradually relaxed at fixed intervals over the implementation period. China will apply a…
Generative artificial intelligence is driving demand for computing power while reshaping how enterprises allocate information technology budgets and procure software, a number of market research institutes have said. According to Synergy Research Group, an enterprise specializing in global technology sectors, it is estimated that global spending on cloud infrastructure services reached nearly $99 billion in…
The Envision Energy’s office building in Shanghai. [Photo/VCG] Envision Energy has connected the world’s largest standalone battery energy storage station to the grid in Inner Mongolia autonomous region, as China accelerates its transition toward an AI-driven, renewable-heavy power system. The energy storage station, featuring a massive 4 GWh capacity, was commissioned on Tuesday. Fully equipped…
BEIJING — China’s service trade maintained steady growth in the first 11 months of the year, with total imports and exports reaching over 7.2 trillion yuan (approximately $1.02 trillion), up 7.1 percent year-on-year, the Ministry of Commerce said on Wednesday. Specifically, service exports rose 13.4 percent to nearly 3.2 trillion yuan during this period, while…