BEIJING — China’s non-financial outbound direct investment (ODI) rose 10.5 percent year-on-year in 2024, further solidifying its position as a major player in outward investment, data released Tuesday by the Ministry of Commerce shows. Total non-financial ODI of the country amounted to $143.85 billion last year, according to data revealed at a meeting on China’s…
A view of a Pop Mart store in Changzhou, Jiangsu province, in January. HE XIAOXIAO/FOR CHINA DAILY As Spring Festival, the most significant annual celebration in the country, approaches, global and local brands have stepped up efforts to deepen emotional connections with Chinese consumers, with innovations and designs symbolizing prosperity and adaptability to not only boost…
China has solidified its position as the world’s largest producer and consumer of energy, according to a think tank. In 2024, global primary energy consumption grew by 1.9 percent compared to the previous year, with China’s consumption increasing by 4 percent, according to a report released by China National Petroleum Corp Economics and Technology Research…
DAVOS, Switzerland — China continues to be a steadfast force in advancing multilateral economic and trade cooperation worldwide, said Patrick Tsang, chief executive officer of Deloitte China, emphasizing the country’s significant contributions to global trade, investment, and the green and digital economy. “China has consistently unleashed domestic demand and created opportunities for global goods and…
A woman poses in front of a TikTok logo at the TikTok house on the opening day of the 55th annual meeting of the World Economic Forum in Davos, Switzerland, on Monday. [Photo/Agencies] United States President Donald Trump is seemingly using TikTok, a popular social media platform owned by Chinese tech company ByteDance, as a…
Chinese Vice-Premier Ding Xuexiang on Tuesday delivered a special address at the World Economic Forum Annual Meeting 2025 in Davos, Switzerland. [Photo/Xinhua] DAVOS, Switzerland — Chinese Vice-Premier Ding Xuexiang on Tuesday delivered a special address at the World Economic Forum Annual Meeting 2025 in Davos, Switzerland. The following is the full text of the speech…
The new US administration’s intention to impose massive tariffs on China and other trading partners risks undermining its commitment to fighting inflation, potentially heightening the costs for consumers in the United States while slowing US economic growth, economists and analysts said. They added that China is poised to respond to tariff uncertainties with continuous, measured…
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