BEIJING — The International Monetary Fund (IMF) on Wednesday raised its forecast for China’s economic growth in 2025 to 5 percent year-on-year, up by 0.2 percentage points from its previous estimate in October. The upgrade followed the conclusion of the IMF’s 2025 Article IV Consultation mission to China. An IMF team, led by Mission Chief…
China’s first national-level continental shale oil demonstration zone, located in Xinjiang Uygur autonomous region, has achieved its annual crude oil production target of 1.7 million metric tons ahead of schedule, its operator, China National Petroleum Corporation (CNPC) said. This major accomplishment signals a systemic breakthrough in exploiting one of the world’s most challenging unconventional resources,…
An aerial photo of a container ship docks at Shanghai Yangshan Deep Water Port, on Dec 18, 2024. [Photo/Xinhua] During the first 11 months of the year, Shanghai Port handled 50.56 million TEUs of containers, up 6.7 percent year-on-year and reaching the 50-million-TEUs target one month earlier than last year, according to data released by…
Visitors learn about a manned aircraft during the China International Digital Economy Expo 2025 in Shijiazhuang, North China’s Hebei province, Oct 17, 2025. [Photo/Xinhua] The Asian Development Bank revised up the Chinese mainland’s 2025 growth forecast, citing stronger-than-expected GDP growth in the first three quarters and new policy support, according to the December edition of…
Japanese tech company Canon Inc. [Photo/VCG] Japanese tech company Canon Inc has ceased production and operation of its printer factory in Zhongshan, Guangdong province due to declining local demand and increasingly stiff competition in the laser printer market. The company attributed the shutdown of the factory, effective Nov 21, to a shrinking global laser printer…
A staff member works at an automated parcel sorting line at an express hub of courier service provider J&T Express in Jiangning district of Nanjing, East China’s Jiangsu province, Nov 11, 2025. [Photo/Xinhua] BEIJING – China’s courier sector saw steady growth in November, according to an industry index released by the State Post Bureau on…
Merchants promote Lin Qingxuan’s products through livestreaming in Shanghai on May 14. CHINA DAILY Shanghai Forest Cabin Cosmetics Group, or Lin Qingxuan, a leading brand in China’s domestic skincare market, has filed its IPO prospectus and plans to go public in Hong Kong, amid fierce competition in the skincare oil market. On Dec 2, the…
An illustration of Nvidia’s H200 artificial intelligence chip. [Photo/VCG] Despite the United States green-lighting exports of Nvidia’s H200 artificial intelligence chips to select Chinese buyers, industry experts cautioned on Tuesday that demand in China may fall short of expectations, citing persistent cybersecurity concerns. The comments came after US President Donald Trump said the US will allow…
A Rokae robot demonstrates its automatic paint defect sanding technology to visitors during the World Smart Industry Expo 2025 in Chongqing on Sep 5. FU YUJIANGLIN/FOR CHINA DAILY BEIJING — In the heart of Guangdong province’s Shenzhen — the southern engine room of China’s tech boom — a spotless lab behind glass lacks the typical…
French exhibitors introduce their wines to a visitor during the Qingtian Imported Wine Fair in Zhejiang province on Nov 12, 2023. FU FEIYANG/CHINA NEWS SERVICE At the Qingtian Imported Wine Fair in Zhejiang province in November, the scent of oak and grapes mingled with growing business optimism. As visitors sampled wines amid the clinking of…