Experts say more policy stimulus may be needed
The financial district of Pudong New Area. Additional policy stimulus may be needed later this year to reinforce the growth momentum of the Chinese economy and support employment, as July…
Trade in services to help drive further growth
A view of a Kuaishou cross-border livestreamer at the seventh China International Import Expo in Shanghai in November 2024. The sustained expansion of China’s trade in services will remain a…
EBL system marks leap in quantum technology
China’s first commercial electron beam lithography system (EBL), “Xi Zhi”, developed by Zhejiang University, has entered application testing, matching international precision standards and marking significant progress in domestic quantum chip…
CSSC to boost shipbuilding clout with a mega merger
A drone image shows a CSSC shipbuilding site at a yard in Qingdao, Shandong province, in May. YU FANGPING/FOR CHINA DAILY The long-anticipated share-swap merger between China CSSC Holdings Ltd…
China’s consumption market experiences five-year boom
During the 14th Five-Year Plan period (2021-25), China’s consumer market remained firmly in second place globally. Total retail sales of consumer goods rose from 39.1 trillion yuan ($5.44 trillion) in…
Heat waves a boon for ‘cooling economy’
Shoppers browse air conditioners at a shop in Chongqing. LIU HUI/FOR CHINA DAILY GUANGZHOU — As scorching heat waves grip the globe this summer, air conditioners are fast becoming essential…
Nation’s AI-backed drug market hits global stride
China’s artificial intelligence-driven drug discovery is accelerating its role as a prominent player in global biotech. Experts and industry insiders said the sector is drawing unprecedented international attention, even though…
Loans boost development in Global South
China has consistently provided much-needed loans to other nations across the Global South, based on their development priorities and repayment capacity, analysts said, citing recent research that counters claims portraying…
Culture park immerses visitors in illuminating nighttime activities
The Shanghai Expo Culture Park unveiled a night tour program in August, transforming the venue into a vibrant evening destination that combines illuminated gardens, artistic installations, and cultural activities throughout…
Qianjiang crayfish in high demand
WUHAN — At 3 am, the only sound Ding Yuankai can hear is the gentle splash of oars slicing through a pond in Qianjiang, a city in Central China’s Hubei…