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China’s consumer prices see stable growth in October

BEIJING — China’s consumer prices reported mild increases in October as the domestic demand continued to improve amid a sustained economic recovery. The consumer price index (CPI), a main inflation gauge, was up 0.3 percent year on year in October, slightly lower than the 0.4 percent rise in September, the National Bureau of Statistics (NBS)…

Nation set to further boost foreign trade

A truck loads containers at Tangshan Port, North China’s Hebei province. [Photo/Xinhua] China is making solid efforts in boosting the steady growth of its foreign trade sector, as this will give a much-needed boost to the continuous recovery and betterment of the economy, the State Council, the country’s Cabinet, said on Friday. China will ramp…

GBA trillion-yuan market fosters Sino-foreign cooperation

This undated photo shows a bird’s eye view of Qianhai of Shenzhen, Guangdong province. [Photo provided to China Daily] Foreign investors and business representatives are urged to make the Guangdong-Hong Kong-Macao Greater Bay Area an important destination for their investments and businesses in order to jointly construct and share the most open, innovative and dynamic…

2024 SCO Youth Forum promotes youth entrepreneurship

Representatives participating in the 2024 SCO Youth Campus take part in a group discussion during the 2024 SCO Youth Development Forum in Qingdao, Shandong province, on Nov 7. [Photo provided to chinadaily.com.cn] The 2024 Shanghai Cooperation Organization Youth Development Forum, themed “Cultivate and Develop New Driving Forces and New Skills,” was held on Nov 7…

From Italy to Shanghai: A food lover’s journey from vlogger to entrepreneur

Alessandro Conti recalls his journey to success in China. Arriving at 18, he has thrived in various cities, personally and professionally. Introducing authentic Italian gelato to China, he’s captivated by the market’s vibrancy. Conti sees China as an entrepreneurial haven, with Shanghai’s global allure offering boundless opportunities for young talents. Tanks to chinadaily.com.cn Please visit:…

STAR Market: a trillion-yuan innovation powerhouse

A bronze bull stands outside the Shanghai Stock Exchange building in Shanghai. [Photo/VCG] Companies listed on the Science and Technology Innovation Board (STAR Market) raised over 1 trillion yuan ($140.69 billion) since its inception six years ago. As of Nov 5, the 577 listed companies have raised 914.2 billion yuan through IPOs and 162.3 billion…

Increased local govt debt quota approved

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] China allocated 10 trillion yuan ($1.4 trillion) in new fiscal funding to replace local government hidden debt on Friday, the biggest move of its kind in recent years that analysts said will significantly mitigate financial risks…

China market supports expanding retail tourism sector

Villagers dance during a gate-opening ceremony to welcome visitors. [PHOTO BY ZHAO YUSI/FOR CHINA DAILY] As the preference of consumers shifts from pure shopping to experience-related consumption, retail tourism is embracing more opportunities, a latest report said. “Shopping is one of the six key elements in tourism. Along with their growing consumption power, consumers are…

IP takes lead in western China’s innovation surge

[Photo/VCG] BEIJING – The western regions of China have experienced remarkable economic strides in recent years, and one contributing factor to this success is the progress made in intellectual property (IP). Amidst the country’s green transformation and pursuit of high-quality growth, this once-impoverished hinterland has now taken an IP-driven development path. The China National Intellectual…

China embraces new opportunities by tapping into ‘urban mines’

TIANJIN – At a recycling plant in North China’s Tianjin municipality, scrapped cars are sent down a disassembly line. Within just 15 minutes, a vehicle is reduced to fragments that can be recycled for materials like copper, aluminum and plastic. In addition, electric vehicle batteries also undergo testing, sorting, and reassembly at this plant, with…