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Zhejiang banks bet big on high-tech drivers

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A visitor tries on a pair of smart augmented-reality glasses at a facility of Hangzhou Lingban Technology Ltd in Zhejiang province on Oct 21. JIANG XUEQING/CHINA DAILY As China prepares its 15th Five-Year Plan (2026-30), policymakers have underscored the importance of pursuing high-quality development, advancing new quality productive forces in line with local conditions and…

China’s first deepwater oilfield sees full operation of secondary development project

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BEIJING — China National Offshore Oil Corporation announced Sunday that the secondary development project of the Liuhua Oilfield, the country’s first deepwater oilfield, has fully commenced operation. The milestone marks a major breakthrough in China’s ability to develop complex deepwater oil and gas reservoirs. Located in the Pearl River Mouth Basin, the Liuhua Oilfield is…

Calls for steps to restore stability in real estate sector

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A visitor (right) examines a real estate project model at the 2025 China International Fair for Trade in Services in Beijing on Sept 12. TANG KE/FOR CHINA DAILY As China’s real estate sector tries to gain a solid footing, experts have called for swifter and stronger steps to restore sentiment and stability, such as easing…

Balanced growth, structural reforms in focus for 2026

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Workers operate a humanoid robot to collect data in a warehouse material handling scenario at the Hubei Humanoid Robot Innovation Center in Wuhan, Hubei province, on Dec 4. XIAO YIJIU/XINHUA Economists expect China’s 2026 policy agenda to place greater weight on domestic demand and innovation-led growth, sharpening the focus on long-term expansion and rebalancing the…

Uni-themed apparel all the rage

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Chinese universities are discovering that school logo and team-related apparel, in this case, winter outerwear, is becoming hot on campuses, especially as temperatures plummet. Renmin University of China has seen brisk online sales of its newly launched branded down jackets this week. The jackets, marketed under the university’s cultural intellectual property center Renda Hongchuang, were…

Demand-led growth at top of 2026 agenda

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A drone photo taken on Nov 1, 2025 shows a view of Shenzhen Bay Culture Square in Shenzhen, South China’s Guangdong province. [Photo/Xinhua] China’s key economic meeting put “demand-led growth and building a strong domestic market” at the top of next year’s agenda, and it also called for “reasonable” growth and a solid start to…

Hainan FTP launches intl services portal

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Zeeshan Qasim Khan, a Pakistani entrepreneur, takes photos of a board listing an array of official social media accounts of the Hainan Free Trade Port International Services portal at its launch event on Monday in Haikou, Hainan province. Fu Shihong / For China Daily The Hainan Free Trade Port launched an international services portal on…

SMEs becoming major driver of trade between China and Russia

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Small and medium-sized enterprises are increasingly becoming a key driver of trade growth between China and Russia, experts said on Friday at a forum held in Nanchang, capital of East China’s Jiangxi province. The 12th China-Russia SME Cooperation Roundtable brought together more than 120 companies from both countries to explore new business opportunities. The event…

China’s economy beats expectations in 2025

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China’s economy outperformed expectations over the year, with growth momentum broadening and key risks easing, a senior official said on Saturday. Speaking at the China Economic Annual Conference in Beijing, Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, said major economic indicators beat forecasts, employment remained…

China to maintain stable economic growth in 2026

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China will strive to keep economic growth stable next year while maintaining overall stability in employment, prices and the balance of payments, a senior official said on Saturday. Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, said economic policy in 2026 will aim to keep income…