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Zhejiang targets 5% annual growth in next 5 years

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East China’s Zhejiang province has made remarkable achievements in economic and social development during the 14th Five-Year Plan (2021-25) period, and is set to witness more breakthroughs in the next five years, according to the CPC Zhejiang Provincial Committee. The province’s GDP grew from 6.7 trillion yuan ($943.80 billion) in 2020 to 9 trillion yuan…

First-of-its-kind energy solution launched by Sany Group

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Dai Qinghua, director of Sany Group, and chairman of Sany Silicon Energy, (second from right), sign strategic deals with international companies and organizations in Lusaka on Nov 18. [Photo provided to chinadaily.com.cn] In its latest effort to contribute to energy transformation, Sany Group launched a first-of-its-kind green mine microgrid solution, which takes advantage of photovoltaic,…

China-ASEAN FTA 3.0 seen spurring biz

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A foreign exhibitor (left) answers visitor queries about footwear during the 22nd China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region, on Sept 17. LU BOAN/XINHUA The China-ASEAN Free Trade Area (CAFTA) 3.0 Upgrade Protocol will inject more confidence and momentum into regional and global economic growth, officials and experts said. Signed on Oct 28 in…

Shifting gears from manufacturing to green tech

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Editor’s Note: As China steps up efforts to boost domestic demand and drive consumption-led growth, foreign corporations are uniquely positioned to seize the opportunities presented by this transformative period. China Daily examines how these companies are aligning with China’s new round of high-standard opening-up policies, embracing emerging tech innovation trends and expanding their presence in…

Growing optimism leads Australian firms to further invest in China

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Visitors check out products from Australia during the eighth China International Import Expo in Shanghai on Nov 8. [Photo provided to China Daily] Almost half of Australian companies plan to increase investment in China, reflecting growing confidence in the bilateral trade and investment relationship, according to a new report released by the China-Australia Chamber of…

Sam’s Club to open 5th Beijing store

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A view of a newly opened Sam’s Club store in Yangzhou, Jiangsu province. CHEN YANG/FOR CHINA DAILY Sam’s Club, Walmart Inc’s membership retail chain, is scheduled to launch its 61st store in China on Friday (Nov 21) with a grand opening in Beijing’s Changping district — part of an aggressive push to attract affluent urban…

JD, other local retailers show offshore effect

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Shoppers overseas displayed strong purchasing power for Chinese-made intelligent tech products during this year’s Singles Day shopping carnival, driven by the robust growth of artificial intelligence, steep discounts and free shipping delivery services provided by e-commerce platforms. Chinese e-commerce giant JD showed that during the just-concluded promotional gala, sales of digital products such as smart…

Report: Firms hiring talent with green skills

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Technicians inspect wind turbine blades at a construction site in Zhangye, Northwest China’s Gansu province, on Sept 7. [WANG JIANG/FOR CHINA DAILY] Companies in China and overseas are investing in sustainability professionals to innovate, cut carbon emissions and enhance resilience, even as talent gaps and training needs present ongoing challenges, according to Linked-In’s 2025 Climate…

Chinese vice-premier calls for enhanced quality, effectiveness of foreign trade

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CHANGSHA – Chinese Vice-Premier He Lifeng has called for sustained efforts to enhance both the quality and effectiveness of foreign trade, emphasizing the need to remove bottlenecks and obstacles hindering the development of a unified national market. He, also a member of the Political Bureau of the Communist Party of China Central Committee, made the…