Editor's Note: This week, China kicked off the two sessions, one of the most important political gatherings annually. The event offers an important window for the outside world to understand China's development, and where the world's second-largest economy is headed and top policy priorities in 2024. What are the world's general expectations of the two […]
The construction road map for China's second domestically built large cruise ship following the Adora Magic City has been released, China Media Group reported on Wednesday, and delivery is expected in 2026. Experts said that the release of the construction roadmap shows that China's high-end manufacturing prowess in the shipbuilding sector is gradually maturing. As […]
Chinese provinces and cities are starting off strong with obtaining overseas orders in the Year of the Dragon by sending teams abroad while actively participating in international exhibitions. For instance, 35 businesses sent 67 representatives from Yiwu, capital of small commodities in East China's Zhejiang Province, to the Sourcing at Magic Show held in Las […]
China and the US have maintained communication through bilateral and multilateral channels on debt issues, and China is willing to work with all sides to continue making efforts for easing the debt of developing countries, Mao Ning, spokesperson of the Ministry of Foreign Affairs of China, said on Friday. The remarks were made in response […]
Chinese Premier Li Qiang expressed his hope that the Japanese business community will play a positive role in facilitating win-win bilateral cooperation when he met in Beijing with a Japanese economic delegation that is visiting China. Li also urged both China and Japan to work together to bring bilateral relations back to the sound development […]
Chinese airlines are gearing up to increase flights for the upcoming Chinese Lunar New Year, as the 40-day travel peak which starts on Friday, is believed to be another important window to showcase the country's economic vitality. Air China said on Tuesday that it plans to arrange 67,691 flights during the 40-day travel peak with […]
China's central bank says it will establish a credit market department.
China's luxury market is expected to grow at mid-single-digit in 2024 following an overall rebound last year, while Chinese luxury consumption is expected to reach 35-40 percent of the world's total by 2030, according to a report released by global management consulting firm Bain & Company on Thursday. In 2023, China's luxury market saw a […]
China posted a GDP growth of 5.2 percent for 2023 on Wednesday, successfully meeting last year's annual target and in line with market forecast. The world's second-largest economy is now at 126 trillion yuan ($17.67 trillion) and an official with the National Bureau of Statistics (NBS) projected that China was the world's largest growth engine […]