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China’s tech hub crosses 1t yuan GDP threshold

Customers watch a robot demonstration at the inno100 flagship store in Nanshan district of Shenzhen, South China’s Guangdong province, Jan 5, 2026. [Photo/Xinhua] SHENZHEN – A small district in the southern Chinese city of Shenzhen punched above its administrative weight as its gross domestic product (GDP) last year exceeded one trillion yuan ($143 billion). Nanshan…

Beijing doubles down on ‘fashionable’ consumption

Consumers take a close look at Chinese New Year decorations at a mall in Beijing, on Jan 14, 2026. [Photo/VCG] Beijing is reshaping its commercial landscape by shifting focus from traditional retail to “fashionable consumption” driven by emotional value, immersive scenarios, and cultural fusion, according to a new industry report released earlier this month. The…

China’s international trade promotion body pledges stronger support for foreign trade in 2026

A staff member arranges products to be displayed in live-streaming at a network technology company in Moyu county, Hotan prefecture, Northwest China’s Xinjiang Uygur autonomous region, Jan 9, 2026. [Photo/Xinhua] BEIJING – China’s trade promotion system will continue intensifying efforts to stabilize foreign trade in 2026 amid a complex and challenging global trade landscape, said…

Real estate loans fall for third consecutive year, new data shows

An aerial drone photo taken on July 21, 2025 shows an urban village renovation project in Nanning city, South China’s Guangxi Zhuang autonomous region. [Photo/Xinhua] Renminbi loans to real estate related activity declined for the third consecutive year in 2025, official data showed on Tuesday, reflecting the continued adjustment in China’s property market. In its…

Global investors turn increasingly to Hong Kong to monetize rosy growth prospects

This photo taken on Feb 1, 2025 shows a city view of Hong Kong, South China. [Photo/Xinhua] HONG KONG – China’s Hong Kong has turned heads globally with its initial public offering bonanza expected to steam along in 2026, luring investors who are drooling over Chinese assets bolstered by the country’s growth prospects. The Hong…

Wind and solar lead China’s energy transformation, surpassing coal

An aerial drone photo taken on July 12, 2024 shows an experimental solar thermal power station in Yanqing district of Beijing, capital of China. [Photo/Xinhua] China’s grid-connected wind and solar capacity reached 1.84 billion kilowatts (kW) in 2025, surpassing coal power for the first time in history, according to data from the National Energy Administration…

As marriages rebound, China’s ‘sweet economy’ finds new momentum

A newly-wed couple poses for a photo after receiving their marriage certificate at the marriage registration office in Jiyuan city, Central China’s Henan province, Aug 29, 2025. [Photo/Xinhua] BEIJING – After years of decline, marriage registrations rebounded across regions in China last year, government data showed, as reforms eased long-standing registration rules and gave fresh…

CNRC submits proposal to address hurdles of Pirelli’s US expansion

China National Tire and Rubber Co Ltd, or CNRC, the controlling shareholder of Italian tire maker Pirelli, has submitted a proposal to address governance arrangements and potential regulatory concerns in the United States. The move follows an announcement last week by Camfin, Pirelli’s second-largest shareholder, that it would not renew its shareholder agreement with China’s…

China cuts 2.8t yuan in tax, fees in 2025 to support innovation, manufacturing

Staff members operate a robot to collect data in a warehouse scenario at a humanoid robot innovation center in Wuhan East Lake High-tech Development Zone, also known as the optics valley of China, in Wuhan, Central China’s Hubei province, Dec 4, 2025. [Photo/Xinhua] BEIJING – China’s tax and fee cuts as well as tax refunds…

China cuts 2.8t yuan in tax, fees in 2025 to support innovation, manufacturing

Staff members operate a robot to collect data in a warehouse scenario at a humanoid robot innovation center in Wuhan East Lake High-tech Development Zone, also known as the optics valley of China, in Wuhan, Central China’s Hubei province, Dec 4, 2025. [Photo/Xinhua] BEIJING – China’s tax and fee cuts as well as tax refunds…