China has to embrace innovation-driven future
1 month, 2 weeks ago

China has to embrace innovation-driven future

China Daily  

A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. China's entry into the new phase of economic development gives rise to several questions: Can it establish high-quality high-tech industries to sustain long-term growth? According to labor economists and digital technology experts quoted in "China 2049: Economic Challenges of a Rising Global Power" — a joint study by the National School of Development of Peking University and the Brookings Institution — AI could offset the economic drag by significantly boosting productivity. China's success in the EV sector, thanks to policy support for developing batteries and building charging stations and smart vehicles, shows how government support can enable companies to "leapfrog" into global leadership. A "Global South green development plan "could give developing countries access to affordable green technologies while reducing China's overcapacity in key industries.

Global Growth China Innovation Economic Development Chinese Development Technological  chinas  economic  development  technological  chinese  innovation  embrace  global  future  innovationdriven  china  private  growth

History of this topic

High-quality growth offers global boost
Trending News
1 week ago

High-quality growth offers global boost

China Daily  

Faced with growing external uncertainties, China's focus on advancing its high-quality development agenda will not only bolster domestic resilience but also contribute to global economic stability and prosperity, senior officials and businesses executives said at the China Development Forum 2025 in Beijing. Han Wenxiu, executive deputy director of the Office of the Central Commission for Financial and Economic Affairs, said, …

High-quality growth offers global boost
Trending News
1 week ago

High-quality growth offers global boost

China Daily  

Faced with growing external uncertainties, China's focus on advancing its high-quality development agenda will not only bolster domestic resilience but also contribute to global economic stability and prosperity, senior officials and businesses executives said at the China Development Forum 2025 in Beijing. Han Wenxiu, executive deputy director of the Office of the Central Commission for Financial and Economic Affairs, said, …

China transforming into innovation powerhouse
2 weeks ago

China transforming into innovation powerhouse

China Daily  

People discuss a quantum computer exhibited at Zhongguancun Exhibition Center in Beijing on April 28. As the nurturing of new quality productive forces gains traction in China, "In the future, we may see more similar patterns in industries such as healthcare, new materials and AI, and these efforts will provide big opportunities for foreign companies," Depoux added. Ma said that …

China set to stimulate growth amid global uncertainty
2 weeks, 6 days ago

China set to stimulate growth amid global uncertainty

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. Experts provide insights on the country's economic trends amid global uncertainties, and delve into China's evolving role as a primary driver of global growth. Below are some excerpts: Stimulating domestic demand key to stabilizing markets The Government Work Report submitted to the National People's Congress, China's …

China's innovation drive fosters new economic momentum
3 weeks ago

China's innovation drive fosters new economic momentum

China Daily  

China's ongoing national "two sessions" have sent a clear signal that the world's second-largest economy is dedicated to progress through sci-tech innovation. In its pursuit of high-quality development, China regards science and technology as the primary productive force, and relies on innovation to open up new areas in development and cultivate fresh driving forces. Domestically-developed large passenger aircraft have entered …

China has to embrace innovation-driven future
1 month, 2 weeks ago

China has to embrace innovation-driven future

China Daily  

A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. China's entry into the new phase of economic development gives rise to several questions: Can it establish high-quality high-tech industries to sustain long-term growth? According to labor economists and digital technology experts quoted in "China 2049: Economic Challenges of a Rising Global Power" — …

Focus to attract global capital that aligns with long-term growth goals
1 month, 3 weeks ago

Focus to attract global capital that aligns with long-term growth goals

China Daily  

In years gone by, global companies, crucial to China's long-term economic success, established factories in China's coastal provinces, especially Guangdong, Zhejiang and Jiangsu. This strategic focus aims to attract global capital that aligns with China's long-term growth goals. Moreover, China's commitment to environmental sustainability opens new avenues for businesses specializing in green technologies and services, aligning with global trends toward …

Focus to attract global capital that aligns with long-term growth goals
Trending News
1 month, 3 weeks ago

Focus to attract global capital that aligns with long-term growth goals

China Daily  

By Zhong Nan | China Daily | Updated: 2025-02-10 09:08 In years gone by, global companies, crucial to China's long-term economic success, established factories in China's coastal provinces, especially Guangdong, Zhejiang and Jiangsu. This strategic focus aims to attract global capital that aligns with China's long-term growth goals. Moreover, China's commitment to environmental sustainability opens new avenues for businesses specializing …

China to see stable growth in coming years
3 months ago

China to see stable growth in coming years

China Daily  

Intelligent robots work on a vehicle production line in Changchun, Jilin province, on April 24, 2024. China will continue to see stable GDP growth in the coming years as the world's second-largest economy shows strong resilience boosted by its technological and innovative capability and more supportive government policies to drive domestic demand and high-quality development, experts said on Friday. Wang …

Services, consumption key to China's growth
4 months 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 …

Sifting fact from fiction: Nation vital to progress
4 months, 2 weeks ago

Sifting fact from fiction: Nation vital to progress

China Daily  

View of Chinese-made vehicles to be exported at Yantai Port in Shandong province on Oct 14. For example, in 2023, China was the world's largest investor in clean energy technologies, production and consumption, and was also the biggest supplier of wind turbines and solar panels in the global market. It can be inferred that China has built the capacity and …

Sifting fact from fiction: Nation vital to progress
4 months, 2 weeks ago

Sifting fact from fiction: Nation vital to progress

China Daily  

View of Chinese-made vehicles to be exported at Yantai Port in Shandong province on Oct 14. For example, in 2023, China was the world's largest investor in clean energy technologies, production and consumption, and was also the biggest supplier of wind turbines and solar panels in the global market. It can be inferred that China has built the capacity and …

China's Industrial Revolution: Navigating Technological Crossroads
5 months, 1 week ago

China's Industrial Revolution: Navigating Technological Crossroads

China Daily  

China's push for new industrialization faces challenges but also new opportunities. The country's massive domestic market and active participation in global trade offer China the chance to leverage its complete industrial system and vast market size. However, China's industrial foundation remains weak, and there are gaps in the supply and industrial chains. The country must overcome key core technological barriers, …

China's modernization efforts create opportunities for world
6 months ago

China's modernization efforts create opportunities for world

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. In 1953, my grandfather led the "Icebreaking Mission", which was crucial in signing the first trade agreement between the newly founded People's Republic of China and the West. China's Belt and Road Initiative is a clear example of how the country's development is reshaping international trade routes, creating opportunities …

Innovation to power China growth
6 months, 1 week ago

Innovation to power China growth

China Daily  

Innovation capacity, the digital sector and green industries have significant potential to be major engines of China's growth, fueled by the nation's commitment to reform and opening-up, said Japanese scholars. Yangchoon Kwak, a professor at Rikkyo University's College of Economics, emphasized that green industries will be the main driver of China's future economic growth. Kiyoyuki Seguchi, research director at the …

Innovation to power China growth
6 months, 1 week ago

Innovation to power China growth

China Daily  

By Jiang Xueqing in Tokyo | China Daily | Updated: 2024-09-21 07:08 Innovation capacity, the digital sector and green industries have significant potential to be major engines of China's growth, fueled by the nation's commitment to reform and opening-up, said Japanese scholars. Yangchoon Kwak, a professor at Rikkyo University's College of Economics, emphasized that green industries will be the main …

China's new growth drivers further gain momentum: index
7 months ago

China's new growth drivers further gain momentum: index

China Daily  

A humanoid smart robot works at an auto production facility in Ningbo, Zhejiang province. BEIJING -- China's new growth drivers have gained momentum last year as the country continued efforts to foster economic vitality and encourage technological innovation, official data showed Saturday. The reading suggested that the country's new growth drivers, featured by new industries, new business forms and models, …

Chinese economy advances with steady growth momentum
7 months, 2 weeks ago

Chinese economy advances with steady growth momentum

China Daily  

The skyline of Beijing. Last month, a broad range of key indicators maintained steady expansion, with production and demand on the rise, overall employment remaining stable, and new growth drivers building up, according to the National Bureau of Statistics. Last month, retail sales of consumer goods went up 2.7 percent year on year to nearly 3.78 trillion yuan, accelerating from …

Boost to market confidence, growth momentum
7 months, 3 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
7 months, 3 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
8 months 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 …

On track to attain 2024 growth goal
8 months, 1 week ago

On track to attain 2024 growth goal

China Daily  

Two participants at the 2024 Summer Davos Forum exchange views in Dalian, Liaoning province. YAO JIANFENG/XINHUA China is on track to reach the 2024 GDP growth target of around 5 percent given the strong policy stimulus, continued recovery trend and gradual recovery in domestic demand, experts and entrepreneurs said. Despite facing challenges from a sluggish real estate market, still-weak demand …

Greater reform set to lift growth till 2029
8 months, 1 week 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 …

China's economic vibrancy strengthens the global economy
8 months, 1 week ago

China's economic vibrancy strengthens the global economy

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. These updates have provided a solid foundation for achieving China's anticipated economic targets within the current year, sending a strong signal for the international community that the stable and the long-term development trajectory of China's economy will not be changed. With the start of this year, …

China to foster stable development of the real estate market
8 months, 1 week ago

China to foster stable development of the real estate market

China Daily  

China will foster the stable and sound development of the real estate market while accelerating the growth of emerging industries and expanding domestic demand. China will make combined efforts of digesting the existing stock and optimizing the increment in the real estate sector, said Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic …

Chinese economy resilient to fluctuations
8 months, 1 week 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
8 months, 1 week 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 …

Consumer confidence important to ensuring positive economic growth
8 months, 2 weeks ago

Consumer confidence important to ensuring positive economic growth

China Daily  

Employees work at an electrical machinery manufacturer in Haian, Jiangsu province. ZHAI HUIYONG/XINHUA China's gross domestic product grew 5.0 percent year-on-year in the first half of this year, National Bureau of Statistics data show, while GDP grew 5.3 percent in the first quarter and 4.7 percent in the second quarter, showing signs of decelerating growth. The momentum of global economic …

China makes innovation new engine of growth
9 months ago

China makes innovation new engine of growth

China Daily  

SONG CHEN/CHINA DAILY Innovation is a key force driving global development and solving complex problems. As a major champion of new energy technologies, China, thanks to its emphasis on innovation, has improved energy efficiency, cut the cost of renewable energy, and reduced its reliance on fossil fuels, contributing to global environmental protection and sustainable development. Looking ahead, China continues to …

China makes innovation new engine of growth
9 months ago

China makes innovation new engine of growth

China Daily  

SONG CHEN/CHINA DAILY Innovation is a key force driving global development and solving complex problems. As a major champion of new energy technologies, China, thanks to its emphasis on innovation, has improved energy efficiency, cut the cost of renewable energy, and reduced its reliance on fossil fuels, contributing to global environmental protection and sustainable development. Looking ahead, China continues to …

Bad-mouthing China won't change trajectory of its economy
11 months, 4 weeks ago

Bad-mouthing China won't change trajectory of its economy

China Daily  

Employees work at a production facility for display units in Chongqing on March 14. In recent years, some politicians in certain Western countries have continued to try and cast a shadow over China's economy, forging and spreading various negative opinions, which actually stem from their deep-rooted zero-sum game mentality. Comprehensive analysis shows that China's economy has strong resilience and self-adjustment …

Nation's growth target seen as achievable, appropriate
1 year ago

Nation's growth target seen as achievable, appropriate

China Daily  

This aerial photo taken on June 10, 2023 shows the night view of the urban areas in Guangzhou, South China's Guangdong province. A moderately rapid growth of around 5 percent annually is both achievable and appropriate for a country at China's stage of development, a senior economist said. Jeffrey Sachs, a world-renowned professor of economics and director of the Center …

China on track for sustained growth
1 year 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 …

China will continue to make strides, and contribute to global economy
1 year ago

China will continue to make strides, and contribute to global economy

China Daily  

An aerial drone photo shows a container vessel berthing at the smart zero-carbon terminal of Tianjin Port in North China on Feb 2. In the first two months of this year, China's total retail sales of consumer goods increased by 5.5 percent year-on-year, reflecting further strengthening of its consumption momentum. In January, 4,588 new foreign-invested enterprises were established in China, …

Industrial upgrades crucial to propelling growth
1 year 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
1 year 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 …

Growth in China: The road ahead
1 year ago

Growth in China: The road ahead

China Daily  

Li Min/China Daily China's economic development has been remarkable. Over the past 25 years, China's real GDP grew by more than 8 percent a year, living standards rose dramatically, and extreme poverty was eradicated. China's success in achieving strong and sustainable growth is thus good for China and good for the global economy. China, like much of the rest of …

'Opportunity China' can spur momentum of global growth
1 year ago

'Opportunity China' can spur momentum of global growth

China Daily  

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. The Government Work Report released at the annual gathering of the country's top legislature on Tuesday has conveyed a message to foreign enterprises and investors that they should not miss the opportunities that China will continuously create in its pursuit of high-quality development. Taking into account the …

Growth in China: The road ahead
1 year ago

Growth in China: The road ahead

China Daily  

Li Min/China Daily China's economic development has been remarkable. Over the past 25 years, China's real GDP grew by more than 8 percent a year, living standards rose dramatically, and extreme poverty was eradicated. China's success in achieving strong and sustainable growth is thus good for China and good for the global economy. China, like much of the rest of …

5 reasons why China's 5% GDP growth target is in the news
1 year ago

5 reasons why China's 5% GDP growth target is in the news

Firstpost  

Analysts have been warning investors to stay away from investing in China. Goldman Sachs chief investment officer Sharmin Mossavar-Rahmani said, ‘Most people think that is not the real growth number—it was actually a lot weaker’ Premier Li Qiang addressed National People's Congress at the Great Hall of the People in Beijing on Monday. Reuters file China is still in the …

China seen as largest engine for world economic growth
1 year, 1 month ago

China seen as largest engine for world economic growth

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. China's GDP exceeded 126 trillion yuan in 2023, up 5.2 percent over the previous year, making it the largest engine of global growth. As China's growth is likely to exceed expectations, emerging Asian economies as a whole are projected by the IMF to grow by 5.2 percent …

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery
1 year, 2 months 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, …

China’s economy shows sparks of life, despite persisting weakness in troubled real estate sector
1 year, 4 months ago

China’s economy shows sparks of life, despite persisting weakness in troubled real estate sector

Associated Press  

BEIJING — China’s economy showed more signs of reviving in October as retail sales and manufacturing picked up though the property sector remained sluggish, the government said Wednesday. Disruptions to manufacturing, transport, travel and virtually every other aspect of life during the pandemic ended nearly a year ago when China’s leaders abandoned their “zero-COVID” policies aimed at preventing infections. Overall, …

Chinese market still offers huge business opportunities
1 year, 6 months ago

Chinese market still offers huge business opportunities

China Daily  

Visitors shop for durians from Malaysia at the 20th China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region, on Saturday. No wonder some fruit dealers in the Southeast Asian country said that any new fruit trend in China may bring huge business opportunities. Retail sales of consumer goods in China rose 4.6 percent year-on-year in August, 2.1 percentage points faster than …

Industry still lynchpin of future growth
1 year, 10 months ago

Industry still lynchpin of future growth

China Daily  

An employee operates a robotic arm at an AI manufacturing plant in Huzhou, Zhejiang province. XIE SHANGGUO/FOR CHINA DAILY Key meeting says shift in focus from real to virtual economy to be avoided China's latest emphasis on speeding up the construction of a modern industrial system backed by the real economy will help the country gain a competitive edge in …

Industry still lynchpin of future growth
1 year, 10 months ago

Industry still lynchpin of future growth

China Daily  

An employee operates a robotic arm at an AI manufacturing plant in Huzhou, Zhejiang province. XIE SHANGGUO/FOR CHINA DAILY Key meeting says shift in focus from real to virtual economy to be avoided China's latest emphasis on speeding up the construction of a modern industrial system backed by the real economy will help the country gain a competitive edge in …

Reforms will determine whether China can return to rapid growth
1 year, 10 months ago

Reforms will determine whether China can return to rapid growth

Live Mint  

The International Monetary Fund in its latest World Economic Outlook highlighted China’s recent rebound and said that China would contribute a third of global economic growth in 2023. China’s first-quarter gross domestic product showed an economy on the rebound following one of its worst years for growth in decades—growing by 4.5% year-on-year. Since the GFC, as fiscal stimulus rose and …

Rebound certain amid stability, economic rebalancing, says expert
2 years ago

Rebound certain amid stability, economic rebalancing, says expert

China Daily  

Robot arms make automobiles in a factory in Qingdao, East China's Shandong province on Dec 20, 2022. China's economy is poised to rebound this year while ensuring stability, with greater efforts made to embrace economic rebalancing of domestic consumption, higher-end manufacturing and green projects, said a renowned economist. "Despite a global slump, China's economy is forging ahead at a decent …

Rebound certain amid stability, economic rebalancing, says expert
2 years ago

Rebound certain amid stability, economic rebalancing, says expert

China Daily  

Robot arms make automobiles in a factory in Qingdao, East China's Shandong province on Dec 20, 2022. China's economy is poised to rebound this year while ensuring stability, with greater efforts made to embrace economic rebalancing of domestic consumption, higher-end manufacturing and green projects, said a renowned economist. "Despite a global slump, China's economy is forging ahead at a decent …

Discover Related