CAI MENG/CHINA DAILY To assess whether we can reach the annual economic growth target, we first need a reasonable analytical framework. Using the simplest expenditure method to analyze the possibility of achieving around 5 percent GDP growth in 2024, we must consider the three main components of economic growth: final consumption, capital formation, and net…
Chinese tourists prepare to board a boat for their trip from Serangan Island to Lombok Island in Denpasar, on Indonesia resort island of Bali, Jan 25, 2023. [Photo/VCG] In early March, my college classmate, who now works at a foreign trade company in Cixi, Zhejiang province, booked a two-night stay at a hotel in Singapore…
MA XUEJING/CHINA DAILY Cooperation among Regional Comprehensive Economic Partnership economies will continue to flourish and create benefits for the people of the region, a forum in South China’s Nanning, Guangxi Zhuang autonomous region, opined on Tuesday. RCEP allows the Association of Southeast Asian Nations to progress toward a new level of regional economic integration, laying…
A motherboard is displayed at Chinese telecom equipment maker ZTE Corp’s booth at PT Expo China held in Beijing, Sept 25, 2024. [Photo/VCG] PT Expo China 2024, an important telecom industry exhibition, kicked off on Wednesday at the China National Convention Center in Beijing. With focuses on cutting-edge technologies in information and communication, such as…
An ostrich-shaped robot on display at the third Global Digital Trade Expo, which opened in Hangzhou, Zhejiang province, on Wednesday. DONG XUMING/FOR CHINA DAILY Greater efforts are needed to strengthen international cooperation in digital trade and to collectively formulate international rules related to such business activity, a sector which has injected new impetus into world…
Multinational corporations will further expand their presence and investment in Henan province and participate in the province’s high-quality development, given its huge market potential and robust industrial development prospects amid China’s high-standard opening-up, global business leaders and officials said. They made the remarks at the 2024 Cooperation and Exchange Conference between Henan Province and Multinational…
CREC4 builders conduct check on equipment before swinging the world’s heaviest asymmetric curved cable-stayed bridge in Jiujiang, Jiangxi province. [SHEN JIAPENG/FOR CHINA DAILY] In the prefecture-level city of Jiujiang bordering Jiangxi province’s capital of Nanchang, State builders have completed the world’s heaviest asymmetric curved cable-stayed bridge, which has the largest swivel weight of its kind.…
The early conclusion of negotiations for version 3.0 of the China-ASEAN Free Trade Area (CAFTA) will offer both China and member states of the Association of Southeast Asian Nations expanded market access for products and services in each other’s markets, said scholars and business executives on Wednesday. With both sides committed to expeditiously concluding the…
A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] Despite near-term challenges over growth and geopolitics, the RMB is likely to increase its share in global forex reserves over the long-term. When the renminbi was included in the special drawing rights basket in 2015, expectations for a rapid rise of the…
China’s accelerated push for promoting trade-in deals for products is paying off, with significant growth in consumer spending on key goods like automobiles and home appliances, providing a solid base for continued economic recovery in the following months, said officials and experts. Although the broader economy is still facing pressure from lackluster domestic demand and…