Consumers to play bigger role in spurring growth
2 months ago

Consumers to play bigger role in spurring growth

China Daily  

A consumer checks out Lenovo laptops in Shanghai in May. CHINA DAILY China's consumption, powered by a more proactive fiscal policy and a moderately loose monetary policy, will bring out greater vitality and play a bigger role in spurring overall economic growth this year, said officials and executives. In particular, the country's trade-in initiatives, which have contributed to a more than 1 percentage point increase in the annual growth of the country's total retail sales last year, will cover a wider range of consumer goods and offer more attractive incentives this year, Sheng said. China is likely to double the funding for its consumer goods trade-in initiatives this year, reaching 300 billion yuan, said Wang Qing, chief macroeconomic analyst at Golden Credit Rating International. In China's rapidly evolving consumer market, marked by a constant stream of new products and technologies, the key to success is not just the sheer volume of offerings, but rather the level of personalization, sophistication and relevance that companies can bring to the table, said Victor Leal Negre, senior vice-president of Greater China Grooming at Procter & Gamble.

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History of this topic

GDP showing more signs of stabilizing
1 day, 6 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 …

Income redistribution seen as urgent task
2 days, 6 hours ago

Income redistribution seen as urgent task

China Daily  

China should look beyond short-term stimulus and decisively redistribute incomes to expand consumption, especially by transferring more State-owned wealth to the social welfare system, leading economists and policy researchers said. "Policymakers have begun prioritizing bolstering domestic consumption, but a long-term structural reform framework is essential beyond short-term measures," said Chen Yuyu, director of the Peking University Economic Policy Research Institute …

Retail giants bullish on consumption rebound
2 days, 6 hours ago

Retail giants bullish on consumption rebound

China Daily  

Editor's Note: This year marks a critical milestone as China concludes its 14th Five-Year Plan. LIU: The two sessions introduce policies focused on deepening reforms and expanding high-level opening-up, especially those in line with initiatives like the 2025 Action Plan for Stabilizing Foreign Investment. As an ultra-premium New Zealand pet food brand in China, Ziwi has experienced China's open and …

Retail giants bullish on consumption rebound
2 days, 6 hours ago

Retail giants bullish on consumption rebound

China Daily  

China Daily | Updated: 2025-03-25 10:30 Q4 Driving domestic consumption is one of the top priorities for China to spur economic growth this year. LIU: China's consumption potential remains robust, driven by a growing middle-income group and policy incentives like duty-free expansion. ZHANG: With its 1.4 billion population, China's market presents unparalleled potential for baked goods industry growth. YOOVIDHYA: China's …

Retail giants bullish on consumption rebound
Top News
2 days, 6 hours ago

Retail giants bullish on consumption rebound

China Daily  

China Daily | Updated: 2025-03-25 10:30 Editor's Note: This year marks a critical milestone as China concludes its 14th Five-Year Plan. LIU: The two sessions introduce policies focused on deepening reforms and expanding high-level opening-up, especially those in line with initiatives like the 2025 Action Plan for Stabilizing Foreign Investment. As an ultra-premium New Zealand pet food brand in China, …

High-quality growth offers global boost
Trending News
3 days, 6 hours 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
3 days, 6 hours 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, …

Stay vigilant: China’s economic woes could spill over
1 week, 1 day ago

Stay vigilant: China’s economic woes could spill over

Live Mint  

As a tariff-happy America under Donald Trump puts China’s export-oriented economy on notice with trade barriers, Beijing is doubling down on efforts to stimulate domestic demand. Under it, China’s government has announced dozens of small moves aimed at easing people’s financial burden and pushing fiscally strapped local administrations to clear their dues to businesses. Beijing hopes to sustain last year’s …

Increasing consumption to drive quality growth
1 week, 1 day ago

Increasing consumption to drive quality growth

China Daily  

LI MIN/CHINA DAILY The third session of the 14th National People's Congress set China's economic agenda for 2025, with special focus on boosting demand and enhancing investment efficiency. Domestic demand can be divided into two parts: personal consumption and public consumption, with public consumption primarily focusing on public services and infrastructure development. To increase consumer spending, the central and local …

NBS: Economy on track to sustain recovery momentum
1 week, 2 days ago

NBS: Economy on track to sustain recovery momentum

China Daily  

Workers carry automotive parts on the production line of a factory in Fuzhou, Fujian province, on March 4. China's retail sales and investment growth accelerated in the January-February period, official data showed on Monday, signaling a strong start to the year and offering an early boost for the country's goal of achieving an annual growth target of around 5 percent. …

China's retail sales, investment pick up pace
1 week, 3 days ago

China's retail sales, investment pick up pace

China Daily  

China's economy continued to recover in the first two months this year as consumption and investment showed improvement, official data showed on Monday, making a steady start for 2025. China's value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - grew by 5.9 percent over the January-February period from a year earlier after a …

China's retail sales, investment pick up pace
1 week, 3 days ago

China's retail sales, investment pick up pace

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2025-03-17 10:00 China's economy continued to recover in the first two months this year as consumption and investment showed improvement, official data showed on Monday, making a steady start for 2025. China's value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - grew by 5.9 percent over …

China economy: Beijing unveils plan to boost consumption as Trump tariffs bite
1 week, 4 days ago

China economy: Beijing unveils plan to boost consumption as Trump tariffs bite

CNN  

Hong Kong CNN — China has announced a wide-ranging “special action plan” to promote domestic spending, in an effort to counter the economic impact of tariffs imposed by US President Donald Trump. The plan builds on Premier Li Qiang’s promise during a major political meeting earlier this month to ensure that the “giant ship of China’s economy” will “sail steadily …

China set to stimulate growth amid global uncertainty
2 weeks, 2 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 struggles to shake off disinflationary pressures as trade threats loom
2 weeks, 4 days ago

China struggles to shake off disinflationary pressures as trade threats loom

Live Mint  

China’s consumer prices nosedived in February, in a sign of stubborn disinflationary pressures, ending a year’s run of tepid price growth and underscoring the challenges policymakers face in stimulating domestic demand as trade tensions intensify. China’s budgetary deficit targets imply a nominal growth target at 4.9% on year, as well as an expected gross domestic product deflator—the broadest measure of …

China Consumer Inflation Drops Below Zero for First Time in Year
2 weeks, 4 days ago

China Consumer Inflation Drops Below Zero for First Time in Year

Live Mint  

-- China’s consumer inflation dropped below zero for the first time in 13 months, a reading skewed by seasonal distortions but also a reminder of persistent deflationary pressures in the economy. A clearer read on China’s inflation trajectory will emerge in March, as investors look for signs that the government’s stimulus is translating into stronger domestic demand. It’s a signal …

China says it has ‘ample’ policy tools to spur growth
2 weeks, 6 days ago

China says it has ‘ample’ policy tools to spur growth

Live Mint  

China’s finance minister said Thursday that the government has ample policy tools and flexibility to address both internal and external uncertainties, amid escalating trade tensions with the U.S. China’s central bank governor, Pan Gongsheng, said in the same press conference that the bank would cut interest rates and banks’ reserve requirement ratio at an appropriate time this year. To support …

Japanese experts highlight China's focus on stimulating consumption, growth
3 weeks ago

Japanese experts highlight China's focus on stimulating consumption, growth

China Daily  

A tourist rides a bike at a scenic area in Handan, North China's Hebei province, April 8, 2024. Japanese academics emphasized that revitalizing consumer spending is a crucial strategy, noting that China's focus on social welfare and boosting consumption as outlined in the 2025 Government Work Report reflects the country's current economic landscape. "With investment in real estate and wealth …

More consumption incentives needed
3 weeks ago

More consumption incentives needed

China Daily  

Heightened efforts are needed to allow more households in townships and counties to enjoy consumption-friendly subsidies from the consumer goods trade-in program, and reinforce the dominant position of enterprises in technological innovation, said Jia Shaoqian, chairman of Chinese home appliance manufacturer Hisense Group. "The country's consumer goods trade-in program has not only stimulated the consumer market and bolstered consumption upgrades, …

Sustaining economic growth and other takeaways from the start of China’s legislative session
3 weeks ago

Sustaining economic growth and other takeaways from the start of China’s legislative session

Associated Press  

BEIJING — China on Wednesday kicked off its annual parliamentary session, the National People’s Congress, which outlines the government’s priorities for the year. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print The main priority outlined in Li’s report was addressing “inadequate domestic demand, particularly insufficient consumption,” as well as making “domestic demand the main engine …

China's annual session opens amidst trade war and economic uncertainty
3 weeks, 1 day ago

China's annual session opens amidst trade war and economic uncertainty

Firstpost  

Pressure is mounting on Chinese policymakers to implement measures that put more money in consumers’ wallets while reducing the world’s second-largest economy’s reliance on exports and investment for development Chinese President Xi Jinping walks out at the end of the opening session of the Chinese People's Political Consultative Conference at the Great Hall of the People in Beijing, China. An …

China's consumption upgrade presenting new opportunities
Trending News
1 month ago

China's consumption upgrade presenting new opportunities

China Daily  

A consumer shops at a supermarket in Tengzhou, Shandong province, on April 11. SUN YANG/XINHUA BEIJING — Whether it's purchasing premium goods at large supermarkets, selecting the latest smart home appliances at electronics stores, or indulging in cross-border travel, China's consumer market is demonstrating recovery and ongoing upgrades. Walmart's results report for its third fiscal quarter in 2024 revealed that …

China's consumption upgrade presenting new opportunities
Trending News
1 month ago

China's consumption upgrade presenting new opportunities

China Daily  

A consumer shops at a supermarket in Tengzhou, Shandong province, on April 11. SUN YANG/XINHUA BEIJING — Whether it's purchasing premium goods at large supermarkets, selecting the latest smart home appliances at electronics stores, or indulging in cross-border travel, China's consumer market is demonstrating recovery and ongoing upgrades. Walmart's results report for its third fiscal quarter in 2024 revealed that …

Trade-in initiative to be expanded
1 month, 1 week ago

Trade-in initiative to be expanded

China Daily  

JIN DING/CHINA DAILY With boosting domestic consumption high on China's policy agenda for 2025, the country's consumer goods trade-in initiative is set to play a crucial role in driving economic growth and offsetting the impact of persistent global trade protectionism and tepid external demand, officials and experts said. The trade-in initiative implemented last year has proved effective in spurring consumer …

Household spending key to strong growth
1 month, 1 week ago

Household spending key to strong growth

China Daily  

As China navigates a decline in the property market and rising global economic uncertainties, consumption is poised to assume an even more crucial role in driving the country's economic growth this year, analysts said. According to analyses conducted using World Bank data, the average consumption rate among 10 major economies, accounting for 63 percent of global GDP collectively, stood at …

Trade-in initiative to be expanded
1 month, 1 week ago

Trade-in initiative to be expanded

China Daily  

JIN DING/CHINA DAILY With boosting domestic consumption high on China's policy agenda for 2025, the country's consumer goods trade-in initiative is set to play a crucial role in driving economic growth and offsetting the impact of persistent global trade protectionism and tepid external demand, officials and experts said. The trade-in initiative implemented last year has proved effective in spurring consumer …

Shanghai aims to play leading role in Chinese-style modernization
1 month, 1 week ago

Shanghai aims to play leading role in Chinese-style modernization

China Daily  

By WANG YING in Shanghai | chinadaily.com.cn | Updated: 2025-02-19 22:13 As part of its efforts to become a socialist, modern and international metropolis with global influence, Shanghai will strive to play a leading role in Chinese-style modernization, and make high quality development, further deepen reform and expand opening-up, promoting integrated development of scientific, technological and industrial innovation as its …

Bold steps needed to boost economy
1 month, 2 weeks ago

Bold steps needed to boost economy

China Daily  

SONG CHEN/CHINA DAILY China's economy has successfully achieved its growth target for 2024 despite facing a challenging domestic and global environment. It is encouraging news for domestic consumption and the global economy, as the world's second-largest economy remains a key driver, contributing about 30 percent to overall global economic growth. According to the National Bureau of Statistics, China's economy grew …

China builds economic fortress as US trade pressure mounts: Report
1 month, 2 weeks ago

China builds economic fortress as US trade pressure mounts: Report

Firstpost  

China is ramping up self-sufficiency in key industries like EVs, semiconductors, and AI to counter US trade restrictions, though challenges in chip production and global market tensions persist. China reduced its reliance on US farm imports Since the US and China imposed tit-for-tat tariffs in their trade war during Donald Trump’s first presidential term, Beijing has taken steps to reduce …

Chinese economy expected to rebound continuously in 2025: economist
Trending News
1 month, 2 weeks ago

Chinese economy expected to rebound continuously in 2025: economist

China Daily  

The skyline of Beijing. The Chinese economy is expected to rebound continuously in 2025 despite new variables, an economist said as reported by Chinese financial news outlet Yicai on Sunday. The unprecedented popularity of the domestic cultural and travel consumption market during the Spring Festival holiday and the emergence of DeepSeek AI model have contributed to people's confidence in the …

Raising incomes should be focus in boosting consumption
1 month, 2 weeks ago

Raising incomes should be focus in boosting consumption

China Daily  

By Zhao Jian | China Daily | Updated: 2025-02-10 09:39 Shoppers seen at a supermarket in Zaozhuang, Shandong province. To this end, China's five-year plan entering a new stage offers an opportunity for policymakers to bring changes in making development plans, with a focus shift away from industry and more toward consumption, which will involve a profound transformation in the …

Even festive spending isn't bringing cheer to sluggish Chinese economy
1 month, 2 weeks ago

Even festive spending isn't bringing cheer to sluggish Chinese economy

Firstpost  

Even as China pushes to revive consumer demand, analysts remain skeptical. Citic Securities forecasts a modest 0.3 per cent rise in consumer prices this year, with factory prices not coming up in green, but only narrowing their decline to 1.4 per cent in 2025 People wait to board trains at the Shanghai Hongqiao railway station ahead of the National Day …

Even festive spending isn't bringing cheer to sluggish Chinese economy
1 month, 2 weeks ago

Even festive spending isn't bringing cheer to sluggish Chinese economy

Firstpost  

Even as China pushes to revive consumer demand, analysts remain skeptical. Citic Securities forecasts a modest 0.3 per cent rise in consumer prices this year, with factory prices not coming up in green, but only narrowing their decline to 1.4 per cent in 2025 People wait to board trains at the Shanghai Hongqiao railway station ahead of the National Day …

CPI growth accelerates on holiday spending
1 month, 2 weeks ago

CPI growth accelerates on holiday spending

China Daily  

China's economy is showing fresh signs of recovery as consumer inflation accelerated in January due to the influence of the Spring Festival holiday, official data showed on Sunday, pointing to a gradual recovery in domestic demand. Feng said the recovery in market demand has yet to provide strong support for industrial products price growth, noting that the "timing of the …

CPI growth accelerates on holiday spending
1 month, 2 weeks ago

CPI growth accelerates on holiday spending

China Daily  

China's economy is showing fresh signs of recovery as consumer inflation accelerated in January due to the influence of the Spring Festival holiday, official data showed on Sunday, pointing to a gradual recovery in domestic demand. Feng said the recovery in market demand has yet to provide strong support for industrial products price growth, noting that the "timing of the …

China becomes largest online retail market for 12 consecutive years
2 months ago

China becomes largest online retail market for 12 consecutive years

China Daily  

A saleswoman sells dark tea bricks via live-streaming in Jiangnan town of Anhua county, Central China's Hunan province, March 26, 2024. BEIJING -- China has become the world's largest online retail market for 12 consecutive years, with online retail sales reaching 15.5 trillion yuan in 2024, the Ministry of Commerce said Friday. China's wholesale and retail industries have made steady …

China's home appliance sales surge in 2024 under trade-in scheme
2 months, 1 week ago

China's home appliance sales surge in 2024 under trade-in scheme

China Daily  

Xinhua | Updated: 2025-01-20 09:40 BEIJING - China's sales of home appliances surged in 2024 under its policy-backed trade-in program, according to the Ministry of Commerce on Saturday. Retail sales of home appliances and audio and visual equipment under the scheme reached 1.03 trillion yuan in 2024, according to data from the National Bureau of Statistics. To stimulate consumer spending …

China’s economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures
2 months, 1 week ago

China’s economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures

The Hindu  

China's economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing’s target of “around 5%” growth, helped by strong exports and recent stimulus measures. Exports expanded 7.1% in annual terms, while imports grew 2.3% The world’s second largest economy has struggled with weaker consumer spending and resulting deflationary pressures as its …

China's economy expands 5% in 2024, reaching target helped by strong exports, stimulus measures
2 months, 1 week ago

China's economy expands 5% in 2024, reaching target helped by strong exports, stimulus measures

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China's economy expanded at a …

China’s economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures
2 months, 1 week ago

China’s economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures

Associated Press  

HONG KONG — China’s economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing’s target of “around 5%” growth, thanks to strong exports and recent stimulus measures. “Particularly, with a package of incremental policies being timely rolled out, public confidence was effectively bolstered and the economy recovered remarkably,” it said. “We …

Trump worry in China: Export hubs Shanghai, Guangdong cut GDP targets over external pressure
2 months, 1 week ago

Trump worry in China: Export hubs Shanghai, Guangdong cut GDP targets over external pressure

Firstpost  

Shanghai and Guangdong, key economic powerhouses, both announced growth targets of “around 5 per cent,” down from the 5.5-6 per cent range set by several central and eastern provinces earlier this week China faces economic challenges as Trump hints at steep tariffs and other challenges. File image/Reuters China’s major exporting hubs have cut their economic growth targets for 2025, citing …

Nation's foreign trade hits new high
2 months, 1 week ago

Nation's foreign trade hits new high

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. The total value of China's foreign trade reached a record high of 43.85 trillion yuan in 2024, marking a 5 percent year-on-year growth, customs statistics showed. The country's exports amounted to 25.45 trillion yuan last year, an increase of 7.1 percent year-on-year, while imports totaled 18.39 trillion …

China’s exports in December up 10.7%, beating estimates as higher US tariffs loom
2 months, 2 weeks ago

China’s exports in December up 10.7%, beating estimates as higher US tariffs loom

Associated Press  

HONG KONG — China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. With exports outpacing imports, China’s trade surplus grew to $104.84 billion in December, and nearly $1 trillion for the year, at $992.2 billion. …

China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom
2 months, 2 weeks ago

China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom

NPR  

China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom toggle caption AP/CHINATOPIX/AP HONG KONG — China's exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. Sponsor Message China's exports are likely to …

Ample opportunities seen for foreign trade in 2025
2 months, 2 weeks ago

Ample opportunities seen for foreign trade in 2025

China Daily  

China's foreign trade, particularly exports of mechanical and electrical products, along with its resilient supply chains, will be pivotal in curbing global inflation and driving the green transformation of many countries in 2025, market analysts and exporters said on Friday. Although external risks and challenges, including increasing trade barriers and geopolitical impacts, are growing, they said there are still ample …

Can rice cookers and microwaves help save China’s economy?
2 months, 2 weeks ago

Can rice cookers and microwaves help save China’s economy?

Firstpost  

China is expanding its trade-in programme to include household appliances like rice cookers and microwaves, offering subsidies to stimulate consumer spending. File Image/Reuters China, the world’s second-largest economy, is grappling with weak consumer demand, a deepening property crisis, and high unemployment rates, all of which have slowed growth and raised fears of deflation. China expands scope of subsidies China’s trade-in …

Shandong's economic engine revs up in 2024
2 months, 2 weeks ago

Shandong's economic engine revs up in 2024

China Daily  

Shandong province has demonstrated remarkable economic resilience in 2024, achieving significant growth in both domestic consumption and international trade. In the first 11 months of 2024, Shandong province achieved a total retail sales of consumer goods of 3.4 trillion yuan, ranking third in the country. Shandong hosted high-level events such as the fifth Qingdao Multinationals Summit, and the 2024 Singapore-Shandong …

China expands consumer subsidies to boost spending as tariff risk looms
2 months, 2 weeks ago

China expands consumer subsidies to boost spending as tariff risk looms

Live Mint  

China is widening the scope of its consumer goods trade-in program this year, as Beijing intensifies efforts to convince cautious households to spend as rising external uncertainties threaten exports’ ability to prop up economic growth. The National Development and Reform Commission, China’s top economic planner, said Wednesday that the government will include more products in its home appliance trade-in program …

China expands consumer trade-in scheme to revive economic growth
2 months, 2 weeks ago

China expands consumer trade-in scheme to revive economic growth

The Hindu  

China added more home appliances to the list of products that can be used in its consumer trade-in scheme and will offer subsidies for additional digital goods this year, in an effort to revive demand in the sluggish household sector. The statement did not specify the total cost of the incentives, however, a finance ministry official said at a press …

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