CAI MENG/CHINA DAILY The upcoming annual Central Economic Work Conference is garnering close attention because it sets the direction for next year’s economic policy. With last year’s high base in the fourth quarter and fading policy stimulus effects, the economy faces downward pressure in the final quarter of this year, which adds uncertainty to whether…
BEIJING — China’s consumer price index (CPI), a main gauge of inflation, grew at a faster pace in November, driven by rising food prices, official data showed Wednesday. The CPI rose 0.7 percent year-on-year in November, accelerating from October’s rise of 0.2 percent and marking the fastest pace of growth since March 2024, according to…
A participant boxes with a humanoid robot from Unitree Robotics during the 2025 World Internet Conference Wuzhen Summit in Wuzhen, Zhejiang province, on Nov 6. HUANG ZONGZHI/XINHUA China’s resolve to deeply integrate artificial intelligence into a wide range of fields will help the country foster new growth drivers and provide strong impetus for high-quality economic…
Great Wall Motor’s brand Haval showcases the H9 SUV at Auto Guangzhou 2025 on Nov 21. CAO YINGYING/CHINA DAILY China’s automotive market held steady in November, with domestic brands and new energy vehicles driving growth, as companies gear up for year-end targets. Seasonal demand, promotions and rising NEV adoption helped sustain momentum, said analysts. They…
A customer checks out pet costumes at a store in Caoxian county, Shandong province, on Nov 29. GUO XULEI/XINHUA JINAN — When dawn breaks, a factory in East China’s Shandong province is already humming with life. The warm, hearty aroma of freshly baked kibble swirls through the air as sacks of probiotic-enriched pet food journey…
China has intensified efforts to innovate consumption scenarios, responding to growing public expectations for a better quality of life while injecting fresh momentum into economic restructuring and the development of new quality productive forces. Unlike traditional consumption scenarios, which were largely seen as simple physical spaces for the exchange of goods, today’s “new consumption scenarios”…
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[Photo/VCG] I have covered the Singles Day shopping extravaganza, the world’s largest online promotional campaign, for eight years running, but I found a noticeable and interesting trend this year. Artificial intelligence technology is being increasingly leveraged in every aspect of the e-commerce segment. The 11-11 or Double Eleven shopping carnival was just a 24-hour event…
Eurostat has launched new experimental statistics presenting multi-country National Accounting Matrices (FIGARO-NAM). This new resource links data on production and consumption with data on income and saving, helping users understand how economic flows move between institutional sectors and how they interact with industries and products. FIGARO-NAM was developed in collaboration with the European Commission’s Joint…
In 2024, the EU had around 33.5 million enterprises, employing 164.2 million people. Those enterprises registered a net turnover of €38.7 trillion. Although large enterprises (more than 249 people employed) represented only 0.2% of the total number of enterprises in the EU’s business economy (55 000 enterprises), they generated more than half (51.3%) of the net…