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China’s GDP to grow by over 6 trillion yuan this year: economic planner

BEIJING — China’s GDP is expected to grow by over 6 trillion yuan (about $869.6 billion) this year, head of the country’s top economic planner said Friday. This economic expansion will provide solid support for employment, people’s well-being and risk prevention, Zheng Shanjie, head of the National Development and Reform Commission, told a press conference…

Chinese NEVs taking to S. Asia streets

Customs officials check export-bound NEVs at a land port in Xizang autonomous region. KUNGA LESANG/CHINA NEWS SERVICE China’s new energy vehicle exports to South Asia through Xizang autonomous region border ports have surged to new heights, with 12,938 units exported in 2025, marking an impressive 6.8 percent year-on-year growth, said Lhasa Customs. This milestone underscores…

Nation’s AI policy pulse sets tone for the world

The children’s eyes were wide, fixed on the screen. Their teacher had just asked a simple question:”What do you want to be when you grow up?” The answers came in a cheerful chorus — teacher, scientist, firefighter, astronaut. Then, with a few clicks and the quiet hum of an algorithm, the magic happened. The screen…

Foreign visitors immerse in hanfu delight

A foreign student tries on hanfu, or traditional Chinese attire, at a cultural park in Heze, Shandong province, on June 19. GUO XULEI/XINHUA At the Great Tang All Day Mall in Xi’an, Shaanxi province, a group of international visitors drew curious glances from shoppers at the bustling commercial hub during the Spring Festival holiday. Wearing…

JD founder launches yacht brand

Liu Qiangdong, founder and chairman of Chinese e-commerce giant JD, has launched an independent yacht brand, pledging 5 billion yuan ($690 million) to build a domestic manufacturing champion that seeks to challenge the dominance of European and US players in the high-end leisure vessel market. The online retail billionaire said his new brand, Sea Expandary,…

China to improve market-stabilizing mechanisms in 2026-2030: securities regulator

BEIJING — China will improve “market-stabilizing mechanisms with Chinese characteristics” during the 15th Five-Year Plan period (2026-30), said Wu Qing, chairman of the China Securities Regulatory Commission, on Friday. China will enrich the means and mechanisms of cross- and counter-cyclical adjustments, and enhance the intrinsic stability of the market, Wu told a press conference on…

China does not seek trade advantages via currency devaluation: central bank governor

BEIJING – China has no need or intention to seek competitive edges in foreign trade through the depreciation of its currency, China’s central bank governor said Friday. Pan Gongsheng, governor of the People’s Bank of China (PBOC), made the remarks at a press conference on the sidelines of the fourth session of the 14th National…

China does not seek trade advantages via currency devaluation: central bank governor

BEIJING – China has no need or intention to seek competitive edges in foreign trade through the depreciation of its currency, China’s central bank governor said Friday. Pan Gongsheng, governor of the People’s Bank of China (PBOC), made the remarks at a press conference on the sidelines of the fourth session of the 14th National…