The data released by China's National Bureau of Statistics (NBS) on January 17 shows that the country's gross domestic product (GDP) in 2024 reached a record 134.9084 trillion yuan (about $18.77 trillion), which was 5 percent higher than the previous year. The main goals and tasks of economic...More

China's GDP expanded 5 percent to reach 61.68 trillion yuan ($8.49 trillion) in the first half of 2024, data from the National Bureau of Statistics (NBS) showed on Monday, demonstrating the resilience and innate strength of the world's second-largest economy. In the second quarter, China's GDP grew by...More

The Chinese economy may post a faster-than-5-percent growth rate for the first half of the year, exceeding a preset annual target, according to predictions made by a number of Chinese economists on Monday. A growth rate in the range of 5.1-5.4 percent was predicted for the second quarter....More

The Chinese government work report submitted on March 5 to the national legislature set an "around 5 percent" GDP growth target. This is a well-chosen target for several reasons that will be analyzed. But this target was immediately attacked in the Western media as extremely ambitious - with...More

China on Tuesday announced a defense budget draft for 2024 worth 1.66554 trillion yuan ($231.36 billion), an increase of 7.2 percent from the previous year. The moderate figure reflects China's reasonable, restrained and steady steps in national defense development, which takes factors including military modernization, external security environments...More

As 2024 Spring Festival approaches, a number of cities across the country have held exhibitions and fairs for the upcoming shopping spree, attracting numerous consumers and merchants from home and abroad to jointly celebrate one of the most important holidays in the country. "This is my first time...More

China's annual Spring Festival travel rush, also known as chunyun, kicked off on Friday, and saw tens of millions of people rush to take trains, planes and other packed vehicles to reunite with their friends and families on the first day. Red lanterns, Chinese knots and bamboo dragons...More

China's economic growth rate is expected to reach around 5 percent in 2024, reversing a continuous trend of decline in GDP growth seen since 2009, Li Daokui, director of Tsinghua University's Academic Center for Chinese Economic Practice and Thinking, told the Global Times on Saturday. "Two highlights for...More

The world economic recovery is expected to remain slow and imbalanced in 2024, with China to continue to lead global growth, a report showed on Saturday. Analysts said China's GDP growth is expected to reach about 5 percent this year, calling for stepped-up fiscal policy to further tap...More

Editor's Note: In 2023, a series of noteworthy topics have emerged in the Chinese cultural landscape. In the planning of the 2023 Cultural Gala, the Global Times will delve into nine important topics, aiming to showcase the multidimensional aspects of Chinese civilization and the diverse charms of Chinese...More

Positive factors are emerging in China, including better-than-expected economic indicators and increasingly clear signals of more policy efforts to boost growth, portending that the nation's economic recovery is most likely to cap the first year of post-pandemic rebound on a solid note and kick off 2024 on an...More

It is said that in Southwest China's Yunnan Province, spring lingers all year round, offering tourists who travel during winter a sheath of warmth as they enjoy the eco-tourism provided by local residents. Amid the soothing air of the Xishuangbanna Dai Autonomous Prefecture near the border with Myanmar,...More

China's central bank and other government agencies on Monday announced 25 measures to step up financial support for the country's private sector, including efforts to diversify financial channels for private businesses, in yet another crucial step to boost the private economy amid challenges. The latest measures came as...More

A number of Chinese economic powerhouses have released their first-quarter GDP data, and they have mapped out measures to accelerate growth and take the lead in driving the nation's overall recovery - a step signaled by the central government last year. Recent economic data showed this mechanism has...More

China will unswervingly deepen economic reform and focus on solving prominent problems faced by private enterprises in order to promote the growth of the private economy, said a leading official with the country's top economic planner, as government agencies express support for the healthy development of the private...More