Part policy, part political ritual, and part for show, China has begun preparing its 15th five-year Plan (5YP). It is intended as a comprehensive blueprint for all aspects of life, from economics to lifestyle.It is primarily driven by the Party’s key priorities: control, national security, ideological guidance, and social stability. In this context, ‘social stability’…
An image shows the exterior view of the National Exhibition and Convention Center (Shanghai), a major venue for the China International Import Expo located in the Hongqiao International Opening-up Hub. [Photo/Xinhua] Shopping at the ZZER secondhand luxury consignment store in Hongqiao has become something of a habit for 27-year-old Zheng Tingting, as she travels frequently…
Foreign visitors take selfies at the iconic Temple of Heaven in Beijing on Saturday as thousands of tourists visited popular destinations in the capital and elsewhere for the May Day holiday. WANG XIN/FOR CHINA DAILY The five-day May Day holiday — from Thursday through Monday — spurred a tourism boom in the country, with scores…
Billionaire investor Warren Buffett and Apple CEO Tim Cook have joined a chorus of business leaders warning against Washington’s tariff-driven trade policies, highlighting that they are inflating costs for companies in the United States and harming economic growth. Their remarks show that even large corporations with diversified supply chains, like Apple, are feeling the strain,…
An aerial view of the construction site of Shanghai East Railway Station. [GAO ERQIANG/CHINA DAILY] For a very long time, people living in eastern Shanghai’s Pudong New Area have been yearning for a railway station. And 34-year-old Zhang Xiaolu is one of them. “It takes us at least one hour to get to Hongqiao Railway…
Staff members handle businesses related to private enterprises at the government service center of Dongsheng District in Ordos City, North China’s Inner Mongolia autonomous region, April 16, 2025. [Photo/Xinhua] China’s national lawmakers voted on Wednesday to adopt the country’s first fundamental law specifically focusing on promoting the private economy, marking a significant step in revitalizing a…
Chongqing Brewery Company, representing Carlsberg China, reports increases in sales volume and operating revenue in the first quarter of 2025. [Photo provided to chinadaily.com.cn] Introduction of multiple new products and packaging have helped Chongqing Brewery Company, a brewer based in Chongqing in Southwest China, to record increases in sales volume and operating revenue in the…
In April, the company rolled out its iconic “Share a Coke” campaign, designed to resonate with the younger generation’s desire for authentic social interactions. [Photo provided to chinadaily.com.cn] Global beverage producer The Coca-Cola Company posted first-quarter earnings for 2025, with global unit case volume up 2 percent year-on-year, driven by the markets including China. In…
Further efforts are expected to harness policy advantages to drive the growth of emerging industries and cultivate diverse trade relationships, amid challenges to boosting domestic demand and dealing with external trade tensions, experts said. Central to this endeavor is the pivotal role of nurturing specialized talent to navigate these evolving tasks, experts added. Their remarks…
Zhang Jun, chief economist at China Galaxy Securities, said during an exclusive interview with China Perspective that China’s firm response against the United States’ unwarranted tariff policy has given confidence to other countries, and encouraged many to recognize “the side of justice, or the correct side”. Despite short-term shocks, the issue of US tariff policy…