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Domestic travel has surged during the New Year holiday in China. Highways saw over 28 million vehicles on the last day of 2022, up from less than 20 million last Monday. Meanwhile, railways recorded over 5.5 million passenger trips. And there has been a boost in tourism, ...
BEIJING, March 15 (Xinhua) -- The Chinese government will take measures to further boost domestic consumption and unleash market potential, Premier Li Keqiang said here Friday. "There are still obstacles that constrain growth of domestic consumption. If we can resolve these problems, it will help...
BEIJING, Jan. 17 (Xinhua) -- China's economy reached its 2024 growth target despite a complex domestic and global landscape, providing much-needed certainty and confidence to the global economy. The world's second-largest economy expanded 5 percent year on year in 2024, with its gross domesti...
After a long wait of three years, China is reopening borders to foreigners, welcoming foreign investments and international travel with million cross border trips, which is expected to give a significant boost to the tourist industry and the country's gross domestic product. So let's tap into ...
Gansu in northwest China proposed to increase the number of charging facilities in rural areas to encourage the use of new energy vehicles. Xizang in southwest China said it will promote sales of automobiles, furniture and home appliances in the countryside and boost rural e-commerce development. ...
Expanded tradeins set to boost consumptionPassage 1Customers apply 1. subsidies under the tradein program in Hangzhou, Z
A global bond sell-off is deepening as investors pare Fed rate cut expectations 4 Users worried about TikTok ban appear to be downloading a different Chinese social media app 5 OpenAI CEO Sam Altman: The new No. 1 ability you need to succeed—it's not raw intelligence ...
The country is capable of mitigating any ill effects should Trump return to the aggressive form of his first term. China may feel some pressure, but it has built a multilayered economic defense involving domestic demand, fiscal policies, high-tech innovation and international cooperation. China’s...
While policymakers have initiated policy easing to boost infrastructure spending as they usually did during past cycles, a key difference is how the demand for commodities from the property sector is faring. Policymakers are now trying to stabilize the housing market, seeking to improve liquidity cond...