New quality productive forces to rejuvenate market
4 months, 1 week ago

New quality productive forces to rejuvenate market

China Daily  

Q5 The plenary session has stressed that reform tasks laid out at the meeting shall be completed by the time the People's Republic of China celebrates its 80th anniversary in 2029. How do you expect the new reform and opening-up measures to transform the Chinese economy in the coming five years? MADARANG: The plenum's reform measures are expected to significantly transform China's economy by 2029, with accelerated technological advancement, a more balanced economy driven by domestic consumption and an improved business environment. TAN: The new reform and opening-up measures outlined during the plenum are poised to significantly transform the Chinese economy over the next five years. By emphasizing technological innovation, market liberalization and sustainability, these measures aim to propel China toward higher-quality growth and greater resilience in the global economy.

Economy China Development Otis Chinese Market  china  productive  quality  measures  chinese  market  chinas  development  innovation  reform  transform  economy  rejuvenate  forces

History of this topic

China's economy to sustain recovery in Nov-Dec: NDRC
1 month ago

China's economy to sustain recovery in Nov-Dec: NDRC

China Daily  

Xinhua | Updated: 2024-11-19 11:20 BEIJING - China's economy is expected to maintain its recovery momentum in November and December thanks to the effectiveness of the country's policy toolkit, the National Development and Reform Commission said on Tuesday. The commission, the country's top economic planner, is working with other parties to achieve the full-year growth target, said NDRC spokesperson Li …

Will China attempt economic revival markets seek post-COVID with multi-trillion-yuan initiatives?
1 month, 2 weeks ago

Will China attempt economic revival markets seek post-COVID with multi-trillion-yuan initiatives?

Live Mint  

China is expected to unveil significant economic measures Friday at the conclusion of the National People's Congress Standing Committee meeting, aiming to revive its struggling economy, AP reported. Analysts believe China may need substantial, multi-trillion-yuan initiatives to reinvigorate growth in the world’s second-largest economy, which has yet to recover fully from the COVID-19 pandemic. Any new spending or economic boost …

Foreign firms enthusiastic about opening-up progress
3 months, 1 week ago

Foreign firms enthusiastic about opening-up progress

China Daily  

Q5 The plenary session has stressed that reform tasks laid out at the meeting shall be completed by the time the People's Republic of China celebrates its 80th anniversary in 2029. We have a firm belief in the market potential and future development of China and are encouraged by the country's shift toward a high-quality and sustainable growth model. Zheng: …

Foreign firms enthusiastic about opening-up progress
3 months, 1 week ago

Foreign firms enthusiastic about opening-up progress

China Daily  

Q5 The plenary session has stressed that reform tasks laid out at the meeting shall be completed by the time the People's Republic of China celebrates its 80th anniversary in 2029. We have a firm belief in the market potential and future development of China and are encouraged by the country's shift toward a high-quality and sustainable growth model. Zheng: …

Foreign firms enthusiastic about opening-up progress
3 months, 1 week ago

Foreign firms enthusiastic about opening-up progress

China Daily  

Q2 In your view, how will the reform and opening-up measures rolled out at the plenum help strengthen the Chinese economy and bolster its prospects of achieving modernization? In the chemical sector, the Chinese market stands as a crucial growth engine, accounting for half of the global chemical production and showing continued growth momentum. The new quality productive forces, with …

Execs sanguine on H2 business climate in China
4 months, 1 week ago

Execs sanguine on H2 business climate in China

China Daily  

Q5: The plenary session has stressed that reform tasks laid out at the meeting shall be completed by the time the People's Republic of China celebrates its 80th anniversary in 2029. Therefore, we have continuously increased our investment in China over the past two years, including $700 million to build a manufacturing and supply site in Qingdao, Shandong province, an …

New quality productive forces to rejuvenate market
4 months, 1 week ago

New quality productive forces to rejuvenate market

China Daily  

Sally Loh, executive officer of Otis Worldwide Corp and President of Otis China. MADARANG: China's new reform blueprint, outlined at the recent plenum, aims to strengthen the economy and accelerate modernization by creating a more vibrant, innovative and competitive business environment. As the first foreign tire manufacturer on the Chinese mainland since 1994, Goodyear is well-positioned to help support the …

New quality productive forces to rejuvenate market
4 months, 1 week ago

New quality productive forces to rejuvenate market

China Daily  

Q5 The plenary session has stressed that reform tasks laid out at the meeting shall be completed by the time the People's Republic of China celebrates its 80th anniversary in 2029. How do you expect the new reform and opening-up measures to transform the Chinese economy in the coming five years? MADARANG: The plenum's reform measures are expected to significantly …

Reform to boost high-quality development
4 months, 1 week ago

Reform to boost high-quality development

China Daily  

LI MIN/CHINA DAILY The third plenary session of the 20th Central Committee of the Communist Party of China last month resolved to further comprehensively deepen reform to advance Chinese modernization, marking a pivotal moment in the country's economic reform, and charting the course of the country's future development and strategic direction. The third plenary session's resolution, which outlined reform objectives …

Plenum draws clear road map to modernization
4 months, 2 weeks ago

Plenum draws clear road map to modernization

China Daily  

MA XUEJING/CHINA DAILY The third plenary session of the 20th Communist Party of China Central Committee that concluded recently vowed to further deepen reform comprehensively to advance Chinese modernization. Prior to the third plenary session, China critics in the West had been speculating on Beijing's upcoming economic policy to overcome the gloomy global outlook and boost the country's slowing economic …

China's economic vibrancy strengthens the global economy
5 months 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 continue pursuing high-standard opening-up
5 months ago

China to continue pursuing high-standard opening-up

China Daily  

China will staunchly adhere to international economic and trade rules and steadily expand institutional opening-up, in order to develop new institutions for a higher-standard open economy and translate its vast market into a significant opportunity for the world, a senior official said on Friday. Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic …

Deeper reform drives modernization
5 months, 2 weeks ago

Deeper reform drives modernization

China Daily  

Zhao Zhongxiu is president of the University of International Business and Economics. The Third Plenary Session of the 20th Central Committee of the Communist Party of China will be held in Beijing from July 15 to 18 at a time when the country has reached a critical juncture in its journey toward becoming a high-level socialist market economy. In this …

Deeper reform drives modernization
5 months, 2 weeks ago

Deeper reform drives modernization

China Daily  

Zhao Zhongxiu is president of the University of International Business and Economics. The Third Plenary Session of the 20th Central Committee of the Communist Party of China will be held in Beijing from July 15 to 18 at a time when the country has reached a critical juncture in its journey toward becoming a high-level socialist market economy. In this …

A tale of China's economic resilience should be retold
8 months, 2 weeks ago

A tale of China's economic resilience should be retold

China Daily  

Participants discuss the outlook for the Chinese economy during the Boao Forum for Asia Annual Conference 2024 in Boao, Hainan province, on Thursday. China remains a major global economic player as the world's second-largest economy. During the 1997 Asian financial crisis, the stability of the renminbi was critical to preventing risk escalation, while the 2008 global financial crisis saw China's …

A tale of China's economic resilience should be retold
8 months, 2 weeks ago

A tale of China's economic resilience should be retold

China Daily  

Participants discuss the outlook for the Chinese economy during the Boao Forum for Asia Annual Conference 2024 in Boao, Hainan province, on Thursday. China remains a major global economic player as the world's second-largest economy. During the 1997 Asian financial crisis, the stability of the renminbi was critical to preventing risk escalation, while the 2008 global financial crisis saw China's …

Bad-mouthing China won't change trajectory of its economy
8 months, 3 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 …

Reform and opening-up indispensable in pursuit of high-quality development
8 months, 3 weeks ago

Reform and opening-up indispensable in pursuit of high-quality development

China Daily  

A view of Shanghai's Lujiazui area in July 2021. Facing the unfavorable factors restricting high-quality development, and the bottlenecks and obstacles hindering economic recovery, the nation must further deepen reform and form a new type of production relations that are compatible with the development of new quality productive forces. Although economic globalization is currently encountering setbacks, with "decoupling" and "de-risking" …

Confidence, certainty and potential behind China's 2024 growth target
9 months, 1 week ago

Confidence, certainty and potential behind China's 2024 growth target

China Daily  

The skyline of Beijing. BEIJING - China has targeted its economic growth at around 5 percent for 2024, a goal that officials and experts believe is well within reach considering the country's sound economic fundamentals and supportive macroeconomic policy mix. China's exports of the tech-intensive green trio -- lithium-ion batteries, photovoltaic products, and NEVs -- amounted to 1.06 trillion yuan …

'Opportunity China' can spur momentum of global growth
9 months, 2 weeks 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 …

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories
9 months, 2 weeks ago

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories

Associated Press  

BEIJING — China has plenty of room to maneuver to attain its annual target for robust economic growth of about 5% after a strong start for the year, top economic officials said Wednesday, though they acknowledged it’s a challenge. It’s hard to fully meet needs using existing funding channels and there’s an urgent need to increase support,” he said at …

China doubles down on moves to mend its economy and fend off a financial crisis
10 months, 3 weeks ago

China doubles down on moves to mend its economy and fend off a financial crisis

Associated Press  

BANGKOK — China’s leaders launched a barrage of new policies this week to prop up languishing financial markets and rekindle growth in the world’s second-largest economy. The Chinese economy grew at a 5.2% annual pace in 2023, exceeding the government’s target, and many indicators including factory output and retail sales show signs of improvement. Premier Li Qiang chaired a meeting …

China's economy still much better than West
11 months, 1 week ago

China's economy still much better than West

China Daily  

A view of the Lujiazui area of Pudong, East China's Shanghai. And before the global economy had recovered, it faced the COVID-19-induced recession, the trade wars initiated by the US government, the near collapse of supply chains, the Russia-Ukraine conflict, and the ensuing economic sanctions, all of which have slowed the rates of growth of almost all economies. This is …

Foreign execs' view on China's economy: 2023 onward
11 months, 3 weeks ago

Foreign execs' view on China's economy: 2023 onward

China Daily  

Henrik Lienstromberg, executive director & legal representative, abat China. Q2: What's your evaluation and expectations on China's business environment as well as a higher level of opening-up? Q3: What are your expectations for China's economy in 2024? The Chinese economy has performed better than many experts expected in 2023, and we believe that the growth will stabilize in 2024. Therefore, …

Experts' takes on Chinese economy in 2023
1 year ago

Experts' takes on Chinese economy in 2023

China Daily  

Editor's note: China's economic growth has supported global economic recovery, given that China is on a steady growth path among the world's major economies this year. MA XUEJING/CHINA DAILY Worries about China's reform unwarranted China's uneven recovery this year has raised the question of whether the Chinese economy is losing steam. The decline of foreign direct investment this year has …

China's economy gaining momentum, top regulator says
1 year, 8 months ago

China's economy gaining momentum, top regulator says

China Daily  

A view of Beijing's CBD area on Aug 19, 2022. China's economy is stabilizing and gaining momentum amid a steady recovery this year, and the country has the confidence and capabilities to foster high-quality development, according to the country's top economic regulator. He said the country will also make a big push to boost the spending power, actively expand effective …

Executives share expectations for 2023 market
1 year, 10 months ago

Executives share expectations for 2023 market

China Daily  

Jan Craps, CEO and co-chair of Budweiser APAC;Wu Dongming, CEO of DHL Express China; Bijoy Mohan, executive officer and executive vice-president of LIXIL Corp; Hiroshi Hamaguchi, chairman and president of Astellas China; Wan Shiping, general manager of Aveva China. Editor's Note: China Daily is publishing interviews with senior executives of major foreign enterprises to gauge their outlook for the Chinese …

Forum: Chinese economy outlook 2023
2 years ago

Forum: Chinese economy outlook 2023

China Daily  

An employee works at a plant in Xiaoshan district of Hangzhou, Zhejiang province, on June 27. Although that might appear contradictory, it is not a contradiction to encourage appropriate housing consumption while curbing real estate speculation, since both approaches serve the general development goal of "providing all people with adequate housing". Since the principle of "housing is for living in, …

Forum: Chinese economy outlook 2023
2 years ago

Forum: Chinese economy outlook 2023

China Daily  

An employee works at a plant in Xiaoshan district of Hangzhou, Zhejiang province, on June 27. Although that might appear contradictory, it is not a contradiction to encourage appropriate housing consumption while curbing real estate speculation, since both approaches serve the general development goal of "providing all people with adequate housing". Since the principle of "housing is for living in, …

Bolder reforms to strengthen nation's market
2 years, 9 months ago

Bolder reforms to strengthen nation's market

China Daily  

Cargos are unloaded from a container ship at the container terminal of the Lianyungang Port in East China's Jiangsu province, on Jan 14, 2021. Execs, analysts, economists expect steps will benefit local and foreign biz China is poised to take bolder steps to accelerate building a strong and highly efficient domestic market, analysts and business executives said. "Strong leadership of …

Review and forecast: How execs view industry and China's economy
3 years ago

Review and forecast: How execs view industry and China's economy

China Daily  

Kitty Fok, managing director of IDC China Q1: How do you evaluate your company's performance in China as well as in the global market in 2021? The 14th Five-Year Plan from the Chinese government has given clear direction for the development of China's digital economy and digital transformation. In 2021, China's overall business environment moved in a healthy direction, intellectual …

Five key Chinese economy phrases in 2021
3 years, 11 months ago

Five key Chinese economy phrases in 2021

China Daily  

The Chinese economy showed strong resilience and a robust rebound amid COVID-19. It not only made China the only major economy worldwide with positive growth in 2020 but also injected impetus into the global economic recovery. China's economy is likely to further stabilize and achieve high-quality growth in 2021 and beyond, given favorable conditions such as a massive domestic market …

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