China economy in steady growth and reasons to be optimist
7 years, 7 months ago

China economy in steady growth and reasons to be optimist

China Daily  

A worker monitors container operation at Zhoushan port in Ningbo, Zhejiang province. China's economy grew in the first half of 2017 at an annual pace of 6.9%, which indicates a steady growth in line with the government forecast of 6.5% to 7% of growth. Given the strong rate of urbanization in China, the increasing size of its middle class, the advent of new information and communication technologies, and the need to continue dealing with the nocive effects of climate change, the drivers of economic growth are those in the service sector and in industries dealing with those themes. As stated in the report, the world economy does not depend on the growth of the United Sates economy as it has done previously, but in new growth centers, like China. In 2016, China also became the second biggest foreign direct investor in the world, becoming a direct contributor to the development of many countries by setting mines, industries and investing in the building of infrastructure.

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History of this topic

GDP showing more signs of stabilizing
5 days, 9 hours ago

GDP showing more signs of stabilizing

China Daily  

Wu Xiaoqiu, Huang Qifan and Peng Sen at a high-level dialogue on China's reform and economic prospects during the ongoing Boao Forum for Asia Annual Conference 2025. This recovery trend is irreversible," Peng Sen, president of the China Society of Economic Reform, said during a high-level dialogue on China's reform and economic prospects during the ongoing Boao Forum for Asia …

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 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 …

Country should explore strengths to consolidate base for recovery
3 weeks, 4 days ago

Country should explore strengths to consolidate base for recovery

China Daily  

Employees work on a production line of NEV maker BYD in Xi'an, Shaanxi province. This year, the economy is poised to benefit from the synergistic effects of innovation-driven growth, domestic demand expansion, private enterprise empowerment and the revaluation of Chinese assets by international capital. DeepSeek, a Chinese private artificial intelligence startup, exemplifies the breakthrough advancements in China's AI sector, even …

Ambassadors laud China's growth prospects and positive messages to the world
Trending News
3 weeks, 4 days ago

Ambassadors laud China's growth prospects and positive messages to the world

China Daily  

Khamis Mussa Omar Tanzania The two sessions are very important sessions for China. China also has its own place within the global economy. Fernando Lugris Uruguay The government of China announced that the expectation of this year's economic growth is around 5 percent, which is a very good indication for the world economy. This is a reaffirmation of China's role …

Ambassadors laud China's growth prospects and positive messages to the world
Trending News
3 weeks, 4 days ago

Ambassadors laud China's growth prospects and positive messages to the world

China Daily  

Khamis Mussa Omar Tanzania The two sessions are very important sessions for China. China also has its own place within the global economy. Fernando Lugris Uruguay The government of China announced that the expectation of this year's economic growth is around 5 percent, which is a very good indication for the world economy. This is a reaffirmation of China's role …

Ambassadors laud China's growth prospects and positive messages to the world
Top News
3 weeks, 4 days ago

Ambassadors laud China's growth prospects and positive messages to the world

China Daily  

Khamis Mussa Omar Tanzania The two sessions are very important sessions for China. China also has its own place within the global economy. Fernando Lugris Uruguay The government of China announced that the expectation of this year's economic growth is around 5 percent, which is a very good indication for the world economy. This is a reaffirmation of China's role …

Ambassadors laud China's growth prospects and positive messages to the world
3 weeks, 4 days ago

Ambassadors laud China's growth prospects and positive messages to the world

China Daily  

Khamis Mussa Omar Tanzania The two sessions are very important sessions for China. China also has its own place within the global economy. Fernando Lugris Uruguay The government of China announced that the expectation of this year's economic growth is around 5 percent, which is a very good indication for the world economy. This is a reaffirmation of China's role …

China reports steady progress in high-quality economic development
4 weeks ago

China reports steady progress in high-quality economic development

China Daily  

China is gearing up for high-quality economic development after making steady progress last year amid lingering challenges, said Liu Jieyi, the spokesperson for the third session of the 14th Chinese People's Political Consultative Conference National Committee, at a news conference on Monday. "High-quality development is the fundamental principle of the new era," Liu said, noting that in the previous year, …

Why Chinese economy can navigate global headwinds
1 month ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

Why Chinese economy can navigate global headwinds
1 month ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

Why Chinese economy can navigate global headwinds
1 month ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

Why Chinese economy can navigate global headwinds
1 month ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

Open China continues to drive global growth
1 month, 1 week ago

Open China continues to drive global growth

China Daily  

Lujiazui, Shanghai's financial center, provides a stunning backdrop to the Bund. This underscores the growing importance of the Belt and Road Initiative in strengthening trade ties and economic cooperation between China and other developing countries, consolidating the country's role as a key player in global trade and infrastructure development. While the Global South seeks access to China's vast market for …

Open China continues to drive global growth
1 month, 1 week ago

Open China continues to drive global growth

China Daily  

Lujiazui, Shanghai's financial center, provides a stunning backdrop to the Bund. This underscores the growing importance of the Belt and Road Initiative in strengthening trade ties and economic cooperation between China and other developing countries, consolidating the country's role as a key player in global trade and infrastructure development. While the Global South seeks access to China's vast market for …

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" — …

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
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 …

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 …

China's economic growth set to higher than global average
2 months, 1 week ago

China's economic growth set to higher than global average

China Daily  

By Wang Keju | chinadaily.com.cn | Updated: 2025-01-22 18:32 Ernesto Torres Cantu, head of International at Citi. "The private sector in China is truly remarkable, with business leaders who are incredibly ambitious, globally-minded, and at the forefront of technological innovation," said Ernesto Torres Cantu, head of International at Citi with China Daily. This dynamism in the private sphere is a …

Fruitful 5 percent growth is certainty that China's economy brings to world
2 months, 1 week ago

Fruitful 5 percent growth is certainty that China's economy brings to world

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. When talking about how to evaluate China's economic performance in 2024, the NBS used the term "hard-won" five times in a row, which shows that the 5 percent growth rate conveys a wealth of information. In recent years, China's annual contribution to global economic growth has consistently …

GDP growth of 5% hits target
2 months, 1 week ago

GDP growth of 5% hits target

China Daily  

CHINA DAILY China's gross domestic product expanded 5 percent in 2024, official data showed on Friday, which is in line with the country's preset target of around 5 percent and provides a solid base for stabilizing the economy this year. Economists said China's economy will likely continue to grow at around 5 percent this year if the government adopts more …

GDP growth of 5% hits target
2 months, 1 week ago

GDP growth of 5% hits target

China Daily  

CHINA DAILY China's gross domestic product expanded 5 percent in 2024, official data showed on Friday, which is in line with the country's preset target of around 5 percent and provides a solid base for stabilizing the economy this year. Economists said China's economy will likely continue to grow at around 5 percent this year if the government adopts more …

Better option for the world
2 months, 3 weeks ago

Better option for the world

China Daily  

Economic globalization has brought development opportunities to the world and improved the lives of billions of people around the globe. As the world's second-largest economy, the largest trading country and the second-largest recipient of foreign direct investment, China has contributed to and benefited from economic globalization. Amid a shifting global trade landscape, a growing number of Chinese enterprises are striving …

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 …

Steps ready for stable growth of the economy
3 months, 2 weeks ago

Steps ready for stable growth of the economy

China Daily  

Xi Jinping, general secretary of the Communist Party of China Central Committee, Chinese president and chairman of the Central Military Commission, delivers an important speech at the annual Central Economic Work Conference in Beijing, capital of China. In setting priorities for its economic policy for 2025, China is emphasizing the need to maintain stable growth, employment and commodity prices through …

Steps ready for stable growth of the economy
3 months, 2 weeks ago

Steps ready for stable growth of the economy

China Daily  

Xi Jinping, general secretary of the Communist Party of China Central Committee, Chinese president and chairman of the Central Military Commission, delivers an important speech at the annual Central Economic Work Conference in Beijing, capital of China. In setting priorities for its economic policy for 2025, China is emphasizing the need to maintain stable growth, employment and commodity prices through …

Steps ready for stable growth of the economy
3 months, 2 weeks 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 …

Foreign trade growth on steady track
3 months, 2 weeks ago

Foreign trade growth on steady track

China Daily  

A container ship leaves Qingdao Port, Shandong province. As global demand gains momentum, China's foreign trade is expected to maintain steady growth in the coming months, surpassing the usual seasonal fluctuations observed in previous years, trade experts and exporters said on Tuesday. China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period, while exports …

Nation steps up efforts to bolster import and export growth
Trending News
3 months, 3 weeks ago

Nation steps up efforts to bolster import and export growth

China Daily  

A view of a container terminal in Haikou, Hainan province, in October. In the first 10 months, China's total foreign trade value amounted to 36 trillion yuan, representing a 5.2 percent year-on-year increase, and its export share in the global market also remained largely stable. At a news conference last Friday, Vice-Minister of Commerce Wang Shouwen said China's foreign trade …

Nation steps up efforts to bolster import and export growth
Trending News
3 months, 3 weeks ago

Nation steps up efforts to bolster import and export growth

China Daily  

A view of a container terminal in Haikou, Hainan province, in October. In the first 10 months, China's total foreign trade value amounted to 36 trillion yuan, representing a 5.2 percent year-on-year increase, and its export share in the global market also remained largely stable. At a news conference last Friday, Vice-Minister of Commerce Wang Shouwen said China's foreign trade …

Already, China is Shaking The World
3 months, 3 weeks ago

Already, China is Shaking The World

China Daily  

As Bonaparte said, let China sleep for when she awakes she will shake the World. Janet Yellen was forced to complain China's economy was too big for the World to cope when the West imposed tariffs on China's EVs whining about "over-capacity" rather than actual "dumping". "Donald Trump called former US president Jimmy Carter to discuss fear China is ‘getting …

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 …

China on track to reach growth targets
4 months, 2 weeks 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 …

Bailing out China's economy has suddenly become more urgent
4 months, 2 weeks ago

Bailing out China's economy has suddenly become more urgent

ABC  

Beijing is clearly rattled. Trump's trade war timetable If Donald Trump lives up to his word, China is expected to lose its World Trade Organisation 'favoured nation status' with the US, as a first step, before imposing tariffs on the country and then, possibly, the rest of the world. "We are assuming a 60 per cent tariff hike on about …

China's Growth: A Catalyst for Global Prosperity
4 months, 3 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 …

China's Economic Stability: A Steady Beacon Amid Global Uncertainty
5 months ago

China's Economic Stability: A Steady Beacon Amid Global Uncertainty

China Daily  

China's economy remains a stabilizing force in the global economy, despite the challenges of global geopolitical rivalries and rising government debt. The country's structural reforms and high-quality development strategies have contributed to its stability and growth. China's commitment to high-quality development and its willingness to engage in global trade and cooperation remain crucial for maintaining its economic prosperity and stability …

China's High-Quality Development: A Catalyst for Global Prosperity
5 months ago

China's High-Quality Development: A Catalyst for Global Prosperity

China Daily  

China's pursuit of high-quality development is expected to continue to be a major driver of global growth. Three experts share their views on the issue, with some arguing that pure economic variables are not sufficient to make people understand and design policies on development, while others emphasize the importance of poverty reduction in achieving sustainable development.

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 …

Breakthrough potential
6 months, 4 weeks ago

Breakthrough potential

China Daily  

JIN DING/CHINA DAILY China's future economic growth offers immense opportunities for Africa's development China's contemporary relations with African countries go back to the early 1950s when it provided material and moral support for Africa's liberation struggle. In the same period, China's economic growth and China-Africa economic relations rapidly increased, and African economies experienced a growth rate of about 5 percent …

Breakthrough potential
6 months, 4 weeks ago

Breakthrough potential

China Daily  

JIN DING/CHINA DAILY China's future economic growth offers immense opportunities for Africa's development China's contemporary relations with African countries go back to the early 1950s when it provided material and moral support for Africa's liberation struggle. In the same period, China's economic growth and China-Africa economic relations rapidly increased, and African economies experienced a growth rate of about 5 percent …

Efforts to boost consumption urged
7 months ago

Efforts to boost consumption urged

China Daily  

A growing number of economists are calling on Chinese policymakers to ramp up efforts to revive consumer sentiment and stabilize expectations, in a bid to address the pressing challenges of still-weak domestic demand and to bolster the world's second-largest economy. Among the traditional trio driving China's economic development — exports, investment and consumption — the economists emphasized that boosting consumption …

Population decline won't hold China back
7 months ago

Population decline won't hold China back

China Daily  

CAI MENG/CHINA DAILY In recent years, a narrative of demographic doom has descended over China. China's shrinking total population and rising graying demographic pose numerous policy challenges that need to be addressed on an urgent basis, as policymakers grapple with issues ranging from falling fertility rates to decisions by many young couples to forgo the skyrocketing expense of raising children, …

Expert: China's economic growth boon to global economy
7 months, 1 week ago

Expert: China's economic growth boon to global economy

China Daily  

The skyline of Beijing. Thanks to effective incentive policies by the Chinese government, the country's economic growth is projected to exceed market expectations this year and be a driver for the global economy, a Brazilian economist said. China is a major driver of global economic growth that "has boosted international investor confidence and reduced international financial market volatility," Ronnie Lins, …

Expert: China's economic growth boon to global economy
7 months, 1 week ago

Expert: China's economic growth boon to global economy

China Daily  

The skyline of Beijing. RIO DE JANEIRO — Thanks to effective incentive policies by the Chinese government, the country's economic growth is projected to exceed market expectations this year and be a driver for the global economy, a Brazilian economist said. China is a major driver of global economic growth that "has boosted international investor confidence and reduced international financial …

Expert: China's economic growth boon to global economy
7 months, 1 week ago

Expert: China's economic growth boon to global economy

China Daily  

The skyline of Beijing. RIO DE JANEIRO — Thanks to effective incentive policies by the Chinese government, the country's economic growth is projected to exceed market expectations this year and be a driver for the global economy, a Brazilian economist said. China is a major driver of global economic growth that "has boosted international investor confidence and reduced international financial …

China on track to reach economic growth goal
7 months, 1 week 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 …

China reports growth in the consumer economy
7 months, 2 weeks ago

China reports growth in the consumer economy

China Daily  

chinadaily.com.cn| Updated :2024-08-15 China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by 2.7 percent year-on-year in July, up …

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