China on track for sustained growth
9 months ago

China on track for sustained growth

China Daily  

Technicians run tests on manufacturing robots at a workshop in Zhangjiagang, Jiangsu province, in February. This vast population not only offers abundant labor resources but also generates substantial consumer demand, creating a massive market advantage and providing extensive development opportunities and multiple possibilities for economic growth. China's current phase of rapid development in new industrialization, informatization, urbanization, and agricultural modernization presents massive potential for capital formation and economic growth. Opportunities in green transformation, new infrastructure construction, urban renewal, and addressing deficiencies in people's livelihoods contribute to the creation of a favorable investment environment and the realization of China's potential economic growth rate. Against a backdrop of China's significant advantages in data resources, a high labor force population, and the accelerated growth of high-level talent, the development of data infrastructure, reforms in higher education, and measures to facilitate labor and talent mobility will be advanced to optimize resource allocation, improve productivity, and enhance total factor productivity.

Education Labor Growth China Infrastructure Development Population Economic Growth Economic Potential Capital Formation Sustained Total Factor Productivity New Infrastructure Construction  economic  track  infrastructure  growth  chinas  population  education  development  china  potential  labor  sustained

History of this topic

Steps ready for stable growth of the economy
1 week, 4 days ago

Steps ready for stable growth of the economy

China Daily  

In setting priorities for its economic policy for 2025, China is emphasizing the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP ratios, the issuance of ultra-long-term special treasury bonds and interest rate cuts. The meeting reaffirmed the need to adopt a moderately loose monetary policy next year, including the rollout of rate cuts and …

Services, consumption key to China's growth
3 weeks, 4 days ago

Services, consumption key to China's growth

China Daily  

JIN DING/CHINA DAILY Editor's note: At the China-US People's Dialogue, co-hosted by the National Committee on US-China Relations and Tsinghua University's Center for International Security and Strategy, last week, Zhu Min, former deputy-managing director of the International Monetary Fund and former vice-president of the People's Bank of China, shared his insights on the future of China's economy. By aiming for …

China on track to reach growth targets
1 month, 1 week ago

China on track to reach growth targets

China Daily  

A visitor touches the finger of a mechanical hand at a booth at the 26th China High-Tech Fair in Shenzhen, South China's Guangdong province, Nov 15, 2024. China has "full confidence" that it will meet the growth targets for this year and remain the biggest engine of world economic growth, President Xi Jinping said on Friday, reaffirming Beijing's pledge to …

At the frontier of high-quality growth
1 month, 1 week ago

At the frontier of high-quality growth

China Daily  

Qingdao, as a major economic hub in China, has been vigorously advancing new quality productive forces since the beginning of this year. In the first three quarters, the value added by strategic emerging industries in Qingdao grew by 12 percent year-on-year, with the new-generation information technology industries, such as integrated circuits, new displays, and virtual reality, experiencing growth of over …

At the frontier of high-quality growth
1 month, 1 week ago

At the frontier of high-quality growth

China Daily  

New quality productive forces are giving fresh momentum to Qingdao's development Qingdao, as a major economic hub in China, has been vigorously advancing new quality productive forces since the beginning of this year. In the first three quarters, the value added by strategic emerging industries in Qingdao grew by 12 percent year-on-year, with the new-generation information technology industries, such as …

China's Growth: A Catalyst for Global Prosperity
1 month, 2 weeks ago

China's Growth: A Catalyst for Global Prosperity

China Daily  

China's growth is vital for global development, and the country will promote mutually beneficial cooperation and development to counter the zero-sum games being played by some Western economies. The expansion and structural optimization of China's economy will have a significant impact on global economic growth, with every 1 percentage point increase in China's growth rate boosting global economic growth by …

Keys to achieving China's annual economic growth target of 5%
3 months ago

Keys to achieving China's annual economic growth target of 5%

China Daily  

CAI MENG/CHINA DAILY To assess whether we can reach the annual economic growth target, we first need a reasonable analytical framework. Using the simplest expenditure method to analyze the possibility of achieving around 5 percent GDP growth in 2024, we must consider the three main components of economic growth: final consumption, capital formation, and net exports. If the expansionary policies …

China on track to reach economic growth goal
4 months ago

China on track to reach economic growth goal

China Daily  

Xu Hongcai, deputy director of the China Association of Policy Science's Economic Policy Committee delivers a speech at a news conference held in Beijing, on Tuesday. China is well poised to achieve its economic growth goal of about 5 percent this year, as the country continues to boost domestic demand, a senior expert said on Tuesday. Xu also said insufficient …

Boost to market confidence, growth momentum
4 months, 2 weeks ago

Boost to market confidence, growth momentum

China Daily  

Kids race with a robot dog during an expo in Mianyang, Sichuan province. Highlighting the country's ongoing deepening reform practices, Han said China aims to drive the transition from its traditional growth drivers to new growth drivers, providing robust support for high-quality development. In its latest efforts to spur domestic demand, China announced in late July that it would allocate …

Boost to market confidence, growth momentum
4 months, 2 weeks ago

Boost to market confidence, growth momentum

China Daily  

Kids race with a robot dog during an expo in Mianyang, Sichuan province. Highlighting the country's ongoing deepening reform practices, Han said China aims to drive the transition from its traditional growth drivers to new growth drivers, providing robust support for high-quality development. In its latest efforts to spur domestic demand, China announced in late July that it would allocate …

New economic model set to boost strength
4 months, 4 weeks ago

New economic model set to boost strength

China Daily  

China will likely pursue a new economic model to drive a smooth transition in growth engines, potentially providing an alternative solution to the global challenge of low productivity growth, according to leading economists and executives. "I think this is really very unique, what I will call the China model or China economic model," said Zhu Min, former deputy managing director …

Greater reform set to lift growth till 2029
5 months ago

Greater reform set to lift growth till 2029

China Daily  

A view of a privately owned textile company in Nantong, Jiangsu province. Greater reform to advance urbanization and reinforce the role of the market in the economy will play a pivotal role in lifting China's economic growth in the coming five years, which should be able to reach about 5 percent annually, economists and officials said on Friday. The period …

Chinese economy resilient to fluctuations
5 months ago

Chinese economy resilient to fluctuations

China Daily  

SHI YU/CHINA DAILY China's GDP grew by 5.0 percent in the first half of this year, with the second quarter growth of 4.7 percent being slightly lower than the first quarter. The GDP growth figures show not only the resilience and dynamism of the Chinese economy amid global economic uncertainties and domestic structural adjustments but also the effectiveness of government …

Chinese economy resilient to fluctuations
5 months ago

Chinese economy resilient to fluctuations

China Daily  

SHI YU/CHINA DAILY China's GDP grew by 5.0 percent in the first half of this year, with the second quarter growth of 4.7 percent being slightly lower than the first quarter. The GDP growth figures show not only the resilience and dynamism of the Chinese economy amid global economic uncertainties and domestic structural adjustments but also the effectiveness of government …

Catch-up potential, digital tech vital for growth
8 months, 2 weeks ago

Catch-up potential, digital tech vital for growth

China Daily  

CAI MENG/CHINA DAILY China's growth potential, ongoing as well as in the foreseeable future, depends on two vital factors. Currently, there are considerable gaps in developmental consumption, with the need to address unmet basic public services for nearly 300 million migrant workers in cities, being a major one. First, it is general developmental consumption based on basic public services, and …

Industrial upgrades crucial to propelling growth
9 months, 2 weeks ago

Industrial upgrades crucial to propelling growth

China Daily  

A leading economist has called for heightened focus on harnessing cutting-edge technologies and supporting small and medium-sized enterprises to foster "new quality productive forces" and propel China's economic growth. "The development of new quality productive forces not only includes fostering new industries and new impetus with disruptive and cutting-edge technologies, but also facilitating the development of future-oriented industries and strategic …

Industrial upgrades crucial to propelling growth
9 months, 2 weeks ago

Industrial upgrades crucial to propelling growth

China Daily  

A leading economist has called for heightened focus on harnessing cutting-edge technologies and supporting small and medium-sized enterprises to foster "new quality productive forces" and propel China's economic growth. "The development of new quality productive forces not only includes fostering new industries and new impetus with disruptive and cutting-edge technologies, but also facilitating the development of future-oriented industries and strategic …

Emerging industries take fresh growth path
9 months, 2 weeks ago

Emerging industries take fresh growth path

China Daily  

SONG CHEN/CHINA DAILY At a logistics port in Shenzhen, Guangdong province, a ship laden with domestically manufactured new energy vehicles, or NEVs, is set to sail for distant shores. "New quality productive forces", a concept coined recently in China, refers to advanced productivity that breaks free from traditional economic growth modes and productivity development paths to feature high-level technology, efficiency, …

China pushes for 5% GDP growth
9 months, 2 weeks ago

China pushes for 5% GDP growth

China Daily  

China aims to see economic expansion at around 5 percent for 2024, unchanged from last year, as the world's second-largest economy will leverage intensified and targeted macro policies to sustain stable growth, according to the Government Work Report released on Tuesday. The country pledged to pursue a proactive fiscal policy that will be intensified as appropriate with improved quality and …

China sets an economic growth target of around 5% but acknowledges it will not be easy to achieve
9 months, 2 weeks ago

China sets an economic growth target of around 5% but acknowledges it will not be easy to achieve

Associated Press  

BEIJING — China aims to achieve 5% economic growth this year, Premier Li Qiang said Tuesday, acknowledging that it will be a challenging goal in difficult times. In his address to the annual session of the National People’s Congress, Li outlined plans to boost spending on developing advanced technology, fortifying China’s military and supporting the economy, among many other longstanding …

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery
11 months, 1 week ago

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery

Associated Press  

HONG KONG — China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven. Officials from China’s National Bureau of Statistics said that measures including “strengthened macro regulation, and redoubled efforts to expand domestic demand, …

Economic upswing expected
11 months, 2 weeks ago

Economic upswing expected

China Daily  

A worker assembles a guitar on Thursday at a musical instrument manufacturing factory in Zaozhuang, Shandong province. SUN ZHONGZHE / FOR CHINA DAILY Despite the persistent challenges posed by a slump in the property sector and its impact on domestic demand, experts said they expect a notable economic upswing in China in 2024, fueled by a gradual recovery in services …

China: Waiting for policy tailwind
1 year ago

China: Waiting for policy tailwind

China Daily  

A pedestrian walks past the headquarters of PBOC in Beijing. Our base case is the government will likely commit to boost growth by setting a growth target at "above 4.5 percent" for 2024, moderately higher than the 4.1 percent average growth in 2022-23. While the People's Bank of China will continue to ease lending conditions, to bring about recovery in …

Consumption and innovation drive China's local GDP growth, economic upgrade
1 year, 4 months ago

Consumption and innovation drive China's local GDP growth, economic upgrade

China Daily  

Tourists buy goods at a night market stall in Xi'an, northwest China's Shaanxi Province, Aug. 10, 2023. NANJING/LHASA -- China's overall economic growth accelerated in the first half of this year as its service sector rebounded, and traditional industries achieved upgrades through innovation. CONSUMPTION-FUELED SERVICE SECTOR Culture and tourism consumption, mainly led by the accommodation and catering sector, contributed considerably …

China’s economic growth accelerates with consumption boost
1 year, 8 months ago

China’s economic growth accelerates with consumption boost

Associated Press  

BEIJING — China’s economic growth accelerated in the latest quarter as consumer flocked back to shops and restaurants following the abrupt end of anti-virus controls. But authorities cautioned that China will likely face import and export pressures in the coming months amid an uncertain international economic environment, and also warned of inadequate domestic market demand in the world’s No. Earlier …

Is China’s high-growth era over – forever?
1 year, 11 months ago

Is China’s high-growth era over – forever?

Al Jazeera  

With its population declining, China’s period of rapid growth is likely over. The growth rate that China does manage to sustain in years ahead will largely depend on how Beijing adapts to the structural challenges facing its economy and the impact of Xi’s new priorities. Pettis said GDP – used initially to measure Western economies – is not built-for-purpose for …

Policies to boost industrial economy
2 years, 7 months ago

Policies to boost industrial economy

China Daily  

SHI YU/CHINA DAILY New guideline promotes tax and fee cuts, financing support for related businesses A newly issued guideline on bolstering the industrial economy is expected to help shore up growth of the sector, which has faced continuous challenges due to the COVID-19 epidemic, and policy support is likely to forge healthier, more sustainable development in the field, experts said. …

Policies to boost industrial economy
2 years, 7 months ago

Policies to boost industrial economy

China Daily  

SHI YU/CHINA DAILY New guideline promotes tax and fee cuts, financing support for related businesses A newly issued guideline on bolstering the industrial economy is expected to help shore up growth of the sector, which has faced continuous challenges due to the COVID-19 epidemic, and policy support is likely to forge healthier, more sustainable development in the field, experts said. …

China to strengthen policy support for industrial economy
2 years, 9 months ago

China to strengthen policy support for industrial economy

China Daily  

An employee of an engine manufacturer works on a production line in Tangshan, Hebei province, in September. BEIJING -- China's Ministry of Industry and Information Technology Thursday pledged to strengthen policy support to promote stable growth of the industrial economy as challenges remained amid increasing uncertainties. It will also actively roll out more policies conducive to stabilizing growth, the MIIT …

Policies to boost industrial economy
2 years, 9 months ago

Policies to boost industrial economy

China Daily  

New guideline promotes tax and fee cuts, financing support for related businesses A newly issued guideline on bolstering the industrial economy is expected to help shore up growth of the sector, which has faced continuous challenges due to the COVID-19 epidemic, and policy support is likely to forge healthier, more sustainable development in the field, experts said. "Currently, compounded with …

Policies to boost industrial economy
2 years, 9 months ago

Policies to boost industrial economy

China Daily  

By ZHANG YUE| China Daily| Updated :2022-03-04 SHI YU/CHINA DAILY New guideline promotes tax and fee cuts, financing support for related businesses A newly issued guideline on bolstering the industrial economy is expected to help shore up growth of the sector, which has faced continuous challenges due to the COVID-19 epidemic, and policy support is likely to forge healthier, more …

Policies to boost industrial economy
2 years, 9 months ago

Policies to boost industrial economy

China Daily  

SHI YU/CHINA DAILY New guideline promotes tax and fee cuts, financing support for related businesses A newly issued guideline on bolstering the industrial economy is expected to help shore up growth of the sector, which has faced continuous challenges due to the COVID-19 epidemic, and policy support is likely to forge healthier, more sustainable development in the field, experts said. …

Opinion: What China needs to do if it wants to achieve its ambitious economic goals by 2049
3 years, 6 months ago

Opinion: What China needs to do if it wants to achieve its ambitious economic goals by 2049

CNN  

Editor’s Note: This article has been edited from its original version. China faces serious domestic challenges such as an aging population, a rural-urban divide, an underdeveloped financial system, insufficient innovation and reliance on carbon-based energy sources. Furthermore, China’s external economic relations have become contentious with a number of major partners, resulting in growing trade and investment barriers in both directions. …

China's growth helps boost global recovery
3 years, 6 months ago

China's growth helps boost global recovery

China Daily  

LI MIN/CHINA DAILY Editor's Note: In a report issued on June 8, the World Bank forecast that China's economic growth could reach 8.5 percent this year. Excerpts follow: Q1: Many international organizations believe China's economic growth could be more than 8 percent in 2021, even though the Chinese government has set the growth target at 6.5 percent. Other things have …

China's growth helps boost global recovery
3 years, 6 months ago

China's growth helps boost global recovery

China Daily  

LI MIN/CHINA DAILY Editor's Note: In a report issued on June 8, the World Bank forecast that China's economic growth could reach 8.5 percent this year. Excerpts follow: Q1: Many international organizations believe China's economic growth could be more than 8 percent in 2021, even though the Chinese government has set the growth target at 6.5 percent. Other things have …

China Sets Economic Growth Target of 'Above 6%' for 2021
3 years, 9 months ago

China Sets Economic Growth Target of 'Above 6%' for 2021

News 18  

China’s leaders set an economic growth target of “above 6 percent” for 2021 on Friday, at the opening of the country’s annual legislative session. Based on many analysts’ forecasts, China’s economy is expected to grow around 8 percent to 9 percent this year, said OCBC Bank’s head of Greater China research Tommy Xie. Apart from a growth target, China’s authorities …

New economic drivers lift growth in Shandong
4 years, 4 months ago

New economic drivers lift growth in Shandong

China Daily  

Shandong province has been ramping up efforts to foster new economic growth drivers, restructure industries and stimulate productivity, according to local officials. The province became the first comprehensive pilot zone in China to replace old economic growth drivers with new ones in January 2018. The share of the output value of high-tech industries within the total industrial output rose by …

Discover Related