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Linyi shapes a win-win future with entrepreneurs

Linyi in Shandong province has hosted the second Linyi Entrepreneurs Convention, during which entrepreneurs took the spotlight as they discussed cooperation and future growth. Linyi’s private economy is vibrant and serves as a cornerstone in the city’s development. The city currently hosts 1.54 million market entities, ranking second in Shandong. On average, one in every…

China unveils financial measures to bolster forestry development

BEIJING — China’s central bank said on Monday it has issued a notice jointly with two other government departments, outlining 15 targeted measures to leverage financial strength to drive high-quality forestry development. The People’s Bank of China (PBOC) said that the measures, raised jointly with the National Financial Regulatory Administration and the National Forestry and…

China’s e-commerce sector posts steady growth in first 7 months

Staff members sort packages at a logistics center at the Zaozhuang branch of China Post in Zaozhuang city, East China’s Shandong province. [Photo/Xinhua] BEIJING — China’s e-commerce sector saw steady growth in the first seven months of 2025, with online sales of a variety of products showing significant growth, the Ministry of Commerce said Friday.…

Initiative on AI hailed as growth catalyst

China’s emphasis on bolstering the extensive and in-depth integration of artificial intelligence in various fields will help the nation build up new growth drivers and inject strong impetus into high-quality economic development, solidifying its position as a global innovation powerhouse, said experts and company executives. As China recognizes AI as an essential tool in nurturing…

80% of disabled people used the internet in 2024

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First section of Second Sichuan-to-East Gas Transmission Pipeline launched

China has launched the first section of the Second Sichuan-to-East Gas Transmission Pipeline, adding nearly 3 billion cubic meters of natural gas transmission capacity annually, said its operator China Oil & Gas Pipeline Network Corporation (PipeChina) on Monday. The move marks an acceleration in the construction of this strategic energy structure and promote coordinated regional…

Moves afoot to stifle vicious competition

A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] Banking associations, including those in the city of Shanghai, as well as Guangdong, Zhejiang and Anhui provinces, have launched measures to curb “involution-style” competition, targeting high-interest deposits, mortgage rebates, and auto loan kickbacks, among other practices. Since the beginning…

Private firms help Guangdong top foreign trade table

An employee works on an automated production line of coffee-making machines in Foshan, Guangdong province, on July 24. [Photo/Xinhua] Private companies in Guangdong province have played a significant role in developing foreign trade in the region. According to a statement released by the Guangdong Sub-Administration of the General Administration of Customs of China, foreign trade…

Local govts in push to boost spending on services

Tourists drawn to homestay experience in Azheke village dine at a restaurant in the Honghe Hani and Yi autonomous prefecture, Yunnan province, in February. [Photo/Xinhua] BEIJING — In a fresh move to spur consumer spending, multiple cities across China have recently rolled out new voucher programs, targeting service sectors like catering, tourism, sporting events and…

Unified, credible national carbon trading system prioritized

Workers install solar panels over a fishery pond for green energy development in Yuyao, Zhejiang province. [Photo/Xinhua] China is ramping up efforts to advance a unified and credible national carbon trading system through top-down design, as part of its broader push toward green and low-carbon development, industry experts said. On Monday, the central authorities unveiled…