Economy

China issues 25 measures to boost financial support for private firms

GT staff reporters November 30, 2023

China issues 25 measures to boost financial support for private firms

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

China releases 10-year vision, action plan for BRI, focusing on green, digital development and supply chain

GT staff reporters November 29, 2023

China releases 10-year vision, action plan for BRI, focusing on green, digital development and supply chain

China on Friday published a document entitled "Vision and Actions for High-Quality Belt and Road Cooperation: Brighter Prospects for the Next Decade," which specified the key areas and directions for Belt and Road cooperation in the next 10 years. The China-proposed Belt and Road Initiative (BRI) has injected...more

China holds first supply chain-themed expo, timely response to global needs

GT staff reporters November 29, 2023

China holds first supply chain-themed expo, timely response to global needs

The first China International Supply Chain Expo (CISCE) will kick off on Tuesday, gathering a number of Fortune Global 500 companies. The supply chain-themed expo is a timely response to the urgent needs of China and the world, aiming to promote cooperation in single fields such as trade...more

Xinjiang becomes a gateway for westward opening-up with surging agricultural produce and vehicle exports

GT staff reporters November 23, 2023

Xinjiang becomes a gateway for westward opening-up with surging agricultural produce and vehicle exports

As trains and trucks line up to run across various ports in Northwest China's Xinjiang Uygur Autonomous Region, the region is transforming from a relatively closed inland area to becoming the forefront of China's westward opening-up. Amid the soaring foreign trade in the region, vehicle and agricultural produce...more

APEC brings Chinese businesspeople stronger confidence in cooperation

GT staff reporters November 22, 2023

APEC brings Chinese businesspeople stronger confidence in cooperation

The just-ended Asia-Pacific Economic Cooperation (APEC) meetings, where Chinese leaders and industry representatives stressed the importance of openness and inclusiveness in development, brought the Chinese business community stronger confidence in cooperation in the Asia-Pacific region. Companies that had participated in the meetings said that they stand ready to...more

Experts laud BRI’s contribution to regional cooperation, development as next ‘golden decade’ starts

Ma Jingjing and Chi Jingyi November 17, 2023

Experts laud BRI’s contribution to regional cooperation, development as next ‘golden decade’ starts

The Belt and Road Initiative (BRI) injects new growth momentum into the world economy and creates vast room for global development, as it helps strengthen policy exchanges and infrastructure connectivity, and supports smooth trade and investment, industry insiders and experts said at the Financial Street Forum annual conference...more

China’s economy to keep moderate growth rate for at least 5-10 years: policy adviser

Chi Jingyi November 16, 2023

China’s economy to keep moderate growth rate for at least 5-10 years: policy adviser

China's economic growth will remain at a moderate rate for at least the next five to 10 years, Liu Shijin, former vice minister of the Development Research Center of the State Council and member of the Monetary Policy Committee of the People's Bank of China, told the Global...more

Beijing’s innovation, opening-up efforts in financial sector more attractive for foreign players: expert

GT staff reporters November 16, 2023

Beijing’s innovation, opening-up efforts in financial sector more attractive for foreign players: expert

With more than two hundred driverless logistical vehicles running in designated parks in Beijing, Yu Enyuan, CEO of Neolix, a start-up specializing in making these vehicles, expressed gratitude for the burgeoning business when looking at a huge screen which vividly displayed the busy scene in Neolix's exhibition room...more

Xiconomics in Practice: Xi-endorsed Juncao technology improves livelihoods across globe, embodies China’s commitment for greater good of humanity

Shen Weiduo in Nadi October 20, 2023

Xiconomics in Practice: Xi-endorsed Juncao technology improves livelihoods across globe, embodies China’s commitment for greater good of humanity

Editor's Note: Since 2012, China has witnessed an extraordinary economic transition, with historic achievements in all aspects of the economy from its size to quality. Such an unparalleled feat does not just happen, especially during a tumultuous period in the global geo-economic landscape and a tough phase in...more

China, EU hold ‘productive’ trade dialogue; bloc urged to take concrete steps to stop protectionism

Yin Yeping and Wang Cong October 2, 2023

China, EU hold ‘productive’ trade dialogue; bloc urged to take concrete steps to stop protectionism

Chinese and EU officials on Monday held a high-level economic and trade dialogue in person in Beijing for the first time since the COVID-19 pandemic, saying that they had held "in-depth, candid and productive" talks and reached a series of new win-win results and consensus in various areas,...more

China-ASEAN NEV industry cluster takes shape due to stronger ties, favorable policies

Shen Weiduo in Nanning September 22, 2023

China-ASEAN NEV industry cluster takes shape due to stronger ties, favorable policies

A vibrant display of new-energy products ranging from batteries to electric vehicles (EVs) at the ongoing 20th China-ASEAN Expo in Nanning, South China's Guangxi Zhuang Autonomous Region, serves as a prime example of deepening cooperation between China and ASEAN member countries in the emerging field. The exhibition hall...more

BRICS should promote cooperation to address global food safety: expert

Global Times September 11, 2023

BRICS should promote cooperation to address global food safety: expert

A Chinese expert called for the further promotion and implementation of the BRICS agricultural cooperation mechanism to better address current global food security issues at the ongoing 2023 China International Fair for Trade in Services (CIFTIS) in Beijing. With the increasing impact of trade monopolies, protectionism disrupting global...more

China sets up a bureau for private economy

Zhang Hongpei September 10, 2023

China sets up a bureau for private economy

In a significant move to further bolster the private sector, a crucial driving force for the country's economic output, China announced on Monday that it has set up a bureau specializing in promoting the private economy's development under the country's top economic planner. The latest arrangement has sent...more

China’s Q2 GDP grows 6.3% despite challenges; growth rate hard-won despite falling short of some projections

Wang Cong and Ma Jingjing July 20, 2023

China’s Q2 GDP grows 6.3% despite challenges; growth rate hard-won despite falling short of some projections

Chinese officials said on Monday China's economy expanded by 6.3 percent year-on-year in the second quarter of 2023, as they sought to project confidence in the overall positive recovery trend, while also acknowledging challenges from a complex global political and economic situation and an "unsolid" foundation for continued...more

Honduras officially joins China-proposed BRI as bilateral ties develop rapidly

GT staff reporters June 17, 2023

Honduras officially joins China-proposed BRI as bilateral ties develop rapidly

China and Honduras on Monday signed a cooperation document on jointly building the Belt and Road Initiative (BRI), vowing to strengthen coordination in their policies and development plans and deepen cooperation in various areas. The move was particularly notable, given that it came less than three months after...more