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China’s TFP: the fading engine of growth

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On September 18, 2025, Peking University’s Huang Yiping put it plainly: lifting total factor productivity is the only path to high-quality growth. That part is right. The harder part is delivery. The notion that a state-planned system can “optimally” allocate land, capital, and talent strains belief. Inside the Party School, Zhang Zhanbin proposes a government…

Digital consumption prioritized as growth driver

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Shoppers browse items on sale at an ACG store in Shanghai on Feb 28. [Photo provided to CHINA DAILY] China has unveiled an array of policies to drive digital consumption, which is now widely seen by policymakers and analysts as a critical force to unlock domestic demand and facilitate the country’s transition toward a consumption-led…

China launches digital yuan center to boost cross-border trade, investment

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A visitor displays a cup of coffee purchased with China’s digital yuan, or the e-CNY, April 26, 2023. [Photo/Xinhua] The digital yuan international operation center was officially opened in Shanghai on Wednesday, marking the launch of cross-border digital payments, blockchain services and digital asset management for the e-CNY. Managed by the Digital Currency Institute under…

Lianyungang builds BRI land-sea logistics hub

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Lianyungang in Jiangsu province, East China, is shaping an international logistics model integrating land-sea transport under the Belt and Road Initiative. The synergy between Lianyungang Port, the China-Kazakhstan (Lianyungang) Logistics Cooperation Base, the Shanghai Cooperation Organization (SCO) (Lianyungang) International Logistics Park, and the China-Europe Railway Express (CR Express) train service is pivotal to this model’s…

CovationBio spends big for edge in sustainable textiles

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CovationBio and its key partners showcase their latest sustainable innovations at an intertextile trade show in Shanghai. [Photo provided to chinadaily.com.cn] Covation Biomaterials, a major producer of bio-based materials, is ramping up its commitment to meet the growing demand for sustainable textile solutions in the Chinese market. With deep roots in China, the company is…

China launches probe into Mexico’s trade, investment barriers against China

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BEIJING — China’s Ministry of Commerce announced on Thursday that it has decided to initiate an investigation into Mexico’s restrictive measures that constitute trade and investment barriers against China. The investigation became effective on Thursday, the ministry said in a statement. The restrictive measures to be probed include the Mexican government’s plans to raise tariffs…

HK stock exchange driving up NEV makers

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Visitors inspect the Jaecoo J8 SUV from Chery at the 2025 Auto World Show in Kuwait, on Sept 22. ASAD/XINHUA Automakers are flocking to Hong Kong initial public offerings in a strategic push that not only advances their global expansion but also reflects the capital market’s recognition of China’s new energy vehicle industry. These moves come…

China Southern Airlines resumes Urumqi-Dubai direct flight

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DUBAI — China Southern Airlines on Thursday resumed direct passenger flights between Urumqi, capital of Northwest China’s Xinjiang Uygur autonomous region, and Dubai in the United Arab Emirates. The route, operated by Boeing 737 aircraft, will run twice a week. Flight CZ6069 departs Urumqi on Thursday and Sunday evenings, with a flying time of about…

Chinese company begins construction of floating solar power project in Indonesia

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JAKARTA — A groundbreaking ceremony for a 60-MW floating solar power project in Indonesia undertaken by China Gezhouba Group Co Ltd under China Energy Engineering Group Co Ltd was held on Thursday, marking the commencement of construction of a green energy initiative expected to generate approximately 129 million kWh of electricity annually. The project is…