A worker is busy at a construction site of a residential complex under an urban renewal project in Shanghai in March 2024. FANG ZHE/XINHUA SHANGHAI — China’s property market is showing renewed signs of recovery, with both new home sales and secondhand transactions increasing, fueled in part by rising demand for high-quality housing spurred by…
PARIS — Chinese Vice-Premier He Lifeng said here on Thursday that China is willing to work with France to strengthen coordination on multilateral international affairs, and safeguard an open and cooperative international economic and trade environment. He, the Chinese lead person of the China-France High Level Economic and Financial Dialogue, made the remarks while co-chairing…
In an exclusive interview with China Perspectives, Justin Yifu Lin, former chief economist of the World Bank, likened China’s economy to an aircraft carrier, saying that no matter how fierce or turbulent the storms or waves are, it will continue to forge ahead as long as it focuses on managing its own affairs well. Tanks to chinadaily.com.cn Please visit: Our Sponsor
The booth of China Unicom shows innovative achievements of Internet 2030 in Beijing in September. CHINA DAILY Imagine piloting a drone through mist-clad mountain valleys, skyscrapers and bustling urban corridors at breathtaking speeds, all from a control station. Now envision that same drone transforming into an airborne lifesaver, delivering critical blood supplies across a metropolis in…
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] A 0.5 percentage-point reduction in the reserve requirement ratio for eligible financial institutions took effect on Thursday, with the move expected to inject roughly 1 trillion yuan ($139 billion) of long-term liquidity into China’s financial market.…
A man walks next to Russian Kaspersky stand during the GSMA’s 2022 Mobile World Congress (MWC), in Barcelona, Spain, March 2, 2022. [Photo/Agencies] Russian cybersecurity giant Kaspersky has defied broader industry challenges to post robust growth in China, citing a 20-30 percent annual revenue surge over the past five years and touting its potential in…
Tourists from Australia visit the Tiantan (Temple of Heaven) Park in Beijing, capital of China, May 1, 2025. [Photo/Xinhua] China plans to accelerate the availability of tax refund stores for eligible overseas visitors to about 10,000 shops nationwide this year, almost tripling the current number, as the country continues to boost inbound tourism and consumption,…
A robot is pictured at the 8th Digital China Summit in Fuzhou, East China’s Fujian province, April 29, 2025. [Photo/Xinhua] China’s emphasis on accelerating the development of the digital economy and advancing the concept of “Digital China” will give the country a competitive edge in strategic emerging sectors and safeguard global security, said officials and…
China will take firm measures to safeguard the legitimate interests of its companies, following the United States’ latest attempt to block the global use of Huawei Technologies’ Ascend artificial intelligence chips, the Ministry of Commerce said on Thursday. At a weekly news briefing in Beijing, ministry spokeswoman He Yongqian said that the latest US announcement…
A large screen outside a building in Shanghai shows the closing index of the Shanghai A-share market on April 9. WANG GANG/FOR CHINA DAILY While transformation of the Chinese private equity sector has been advancing for years, the process will pick up pace as the types of deals are changing and industry leaders are playing a…