Leadership sets tone for economic work

Solid steps will be taken to effectively enhance economic vitality, prevent and defuse risks and improve social expectations as part of the nation's efforts to promote reasonable economic growth in 2024, according to a key Party meeting on Friday.

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  • Economists call for more policy push

    Economists call for more policy push

    Dec 11,2023

    China's consumer prices dropped for the second consecutive month in November, indicating still-weak demand and backing the case for further policy support, including a likely reduction in the reserve requirement ratio for banks.

  • Renewable investment urged at COP28

    Renewable investment urged at COP28

    Dec 09,2023

    China is indispensable for the world's green transformation, considering the remarkable achievements the country has made in the renewables sector, international experts said on the sidelines of the COP28 United Nations Climate Change Conference in Dubai, United Arab Emirates.

  • Digital sector roadmap to aid recovery

    Digital sector roadmap to aid recovery

    Dec 09,2023

    Tech firms urged to hike investments in basic research, strategic fields China's efforts to boost its digital economy and platform companies, and speed up the integration of the digital and real economy will foster new growth drivers and inject strong impetus into the country's economic recovery amid downward pressure, experts and company executives said. Highlighting that the digital economy has become a new driver in promoting industrial upgrade, they said Chinese tech enterprises should step up investments in state-of-the-art technologies, basic research and strategic forward-looking areas, as well as further enhance their technological innovation capabilities. Fostering new growth momentum and upgrading traditional industries has been high on China's development agenda, experts noted. The remarks came ahead of the annual Central Economic Work Conference, which is usually convened in December to map out economic development priorities and set the tone for macroeconomic policy the following year. "Innovative digital technologies like 5G, artificial intelligence, cloud computing and the internet of things are finding a wide range of applications across various industries, such as manufacturing and agriculture, and speeding up integration with the real economy," said Wu Hequan, an academician at the Chinese Academy of Engineering. He said facilitating the growth of the digital economy is significant in building up new competitive edges, speeding up digital transformation, upgrading traditional industries and better serving the real economy. In the face of increasingly fierce competition, Wu called for heightened efforts to double down on indigenous innovation to make core technological breakthroughs in key fields and expand the industrial application scenarios of leading technologies. China's digital economy reached 50.2 trillion yuan ($7.01 trillion) in 2022, ranking second in the world and accounting for 41.5 percent of the country's GDP, according to a report released by the China Academy of Information and Communications Technology. The country will take solid steps to build digital infrastructure and data resource systems as well as bolster deeper integration of digital technologies with the economy, politics, culture, society and ecology, according to a plan jointly released in February by the Communist Party of China Central Committee and the State Council, the nation's Cabinet. Jiang Xiaojuan, head of the China Society of Industrial Economics and a professor at the University of Chinese Academy of Social Sciences, said digital transformation in traditional industries has become the main battlefield for the development of the digital economy. Jiang also emphasized the significance of building a data elements market system and unleashing the value of massive data resources. It is important to give full play to the role of platform enterprises in bolstering economic growth given that China has the world's largest online consumer market and the largest scale of digital infrastructure, she added. The National Data Administration said on Thursday that it will continue to disclose notable investment cases regarding platform enterprises together with other government departments, and support such enterprises to play a more active part in bolstering the development of the digital economy. The administration also highlighted the significant role platform enterprises have played in promoting economic growth, creating jobs and competing on the global stage, which will help establish a modern industrial system, and foster the high-quality development of the real economy. Xu Ran, CEO of Chinese e-commerce giant JD, said the company has invested more than 100 billion yuan in basic science and technology R&D since 2017, and is committed to enhancing the resilience and safety of supply chains by leveraging digital technologies. JD will speed up the transformation and upgrading of traditional industries and make efforts to build a modern industrial system, Xu said. China's intensified push to develop the digital economy and bolster the in-depth integration of digital and real economies will lay a solid foundation for long-term economic growth and enhance the country's core global competitiveness, said Pan Helin, co-director of the Digital Economy and Financial Innovation Research Center at Zhejiang University's International Business School.

  • Leadership sets tone for economic work

    Leadership sets tone for economic work

    Dec 09,2023

    Solid steps will be taken to effectively enhance economic vitality, prevent and defuse risks and improve social expectations as part of the nation's efforts to promote reasonable economic growth in 2024, according to a key Party meeting on Friday.

  • 99% of Americans will be financially worse-off than pre-pandemic by mid-2024: Business Insider

    99% of Americans will be financially worse-off than pre-pandemic by mid-2024: Business Insider

    Dec 08,2023

    Most Americans have depleted their excess savings accumulated during the COVID-19 pandemic, Business Insider reported on Friday, citing JPMorgan, noting that nearly everyone is likely to be worse off financially in the coming months than they were in 2019.

  • China, Singapore agree on Free Trade Agreement upgrade

    China, Singapore agree on Free Trade Agreement upgrade

    Dec 08,2023

    China and Singapore announced on Thursday that they have reached a protocol to further upgrade the China-Singapore Free Trade Agreement (CSFTA), according to news released by China's Ministry of Commerce on Thursday.

  • New prominent records of Nanjing Massacre unveil Japanese invaders' crimes

    New prominent records of Nanjing Massacre unveil Japanese invaders' crimes

    Dec 11,2023

    The Memorial Hall of the Victims in Nanjing Massacre by Japanese Invaders announced Saturday that a series of new historical materials showing the downright barbaric violence by invading Japanese troops will be unveiled.

  • Wave of respiratory illness easing

    Wave of respiratory illness easing

    Dec 11,2023

    The number of children with respiratory illness visiting hospital pediatric departments is trending downward in China, health officials said on Sunday, adding that a recent nationwide surge in respiratory disease cases had not disrupted normal healthcare services.

  • Chinese mainland travelers to Hong Kong airport will be exempted from entry permits

    Chinese mainland travelers to Hong Kong airport will be exempted from entry permits

    Dec 11,2023

    Through the Hong Kong-Zhuhai-Macao Bridge (HZMB), Chinese mainland residents can take international flights directly from Hong Kong International Airports (HKIA) without entry permit.

  • Concerns aired over illegal wildlife trade

    Concerns aired over illegal wildlife trade

    Dec 11,2023

    The astonishing scale, nature and consequences of illegal wildlife trade across the globe mean that it should be put on the agenda of the climate club, as well as biodiversity, heard a panel at COP28 on Saturday.

  • Global conference on best practice of carbon neutrality held during COP28

    Global conference on best practice of carbon neutrality held during COP28

    Dec 10,2023

    A forum on low-carbon transport and new energy vehicles attracts over 70 attendants on Dec 5, 2023 at the China Pavilion at the COP28 in Dubai, the United Arab Emirates.

  • China, Europe hold conference on innovation, clean energy

    China, Europe hold conference on innovation, clean energy

    Dec 10,2023

    The China-Europe Science and Technology Innovation Day &2023 China-Europe Clean Energy Industry Innovation Cooperation Conference was held recently in Beijing.The China-Europe Science and Technology Innovation Day &2023 China-Europe Clean Energy Industry Innovation Cooperation Conference, focusing on the fields of clean energy such as wind, solar, storage, and hydrogen, was held recently in Beijing.

  • Gu Ailing's return off to flying start as superstar shakes off injury fears

    Gu Ailing's return off to flying start as superstar shakes off injury fears

    Dec 08,2023

    The 20-year-old stomped two qualification runs in style to secure a spot in Saturday's final of the 2023-24 halfpipe World Cup season opener at Genting Resort in Zhangjiakou, Hebei province.

  • Sublime Su soars in another Shougang showstopper

    Sublime Su soars in another Shougang showstopper

    Dec 04,2023

    On Saturday, the 19-year-old sensation reigned supreme at the iconic Shougang Big Air venue, winning his second career World Cup title roared on by rousing support from the home crowds.

  • Freestyle stars dazzle at sunny Shougang

    Freestyle stars dazzle at sunny Shougang

    Dec 01,2023

    The Big Air World Cup's Beijing leg began in style on Thursday as an elite field of skiers savored the chance to perform in ideal conditions on the iconic Olympic slope at Shougang park.

  • Asian Para Games end amid high praise

    Asian Para Games end amid high praise

    Oct 30,2023

    Thrilling action, excellent arrangements and touching stories of athletes made the just concluded 4th Asian Para Games in Hangzhou, Zhejiang province, officials said, adding that its lasting legacy will benefit the host city and growth of Chinese para sports.

  • Ethiopian, Kenyan runners win golds at 2023 Beijing Marathon

    Ethiopian, Kenyan runners win golds at 2023 Beijing Marathon

    Oct 29,2023

    Ethiopian Deresa Geleta Ulfata and Kenyan Vibian Chepkirui took the men's and women's golds respectively.

  • Opening of Para Games celebrated

    Opening of Para Games celebrated

    Oct 23,2023

    China delegation parades into the Hangzhou Olympic Sports Center Stadium during the opening ceremony of 4th Asian Para Games in Hangzhou, East China's Zhejiang province on Oct 22, 2023.

  • Giant pandas Yang Guang and Tian Tian return to China after 12 years in UK

    Giant pandas Yang Guang and Tian Tian return to China after 12 years in UK

    Dec 06,2023

    Beloved giant pandas Yang Guang and Tian Tian have returned to their homeland of China after spending the past 12 years at the Edinburgh Zoo in Scotland, UK.

  • Giant pandas back to Sichuan from UK

    Giant pandas back to Sichuan from UK

    Dec 05,2023

    Tian Tian and Yang Guang returned to Chengdu, southwest China's Sichuan Province on Tuesday morning after spending 12 years in the UK. They went to Edinburgh Zoo in December 2011.

  • UK's only giant pandas set off for home

    UK's only giant pandas set off for home

    Dec 05,2023

    The United Kingdom's only giant pandas, Yang Guang and Tian Tian, headed back to China on Monday at the end of their 12-year stay at Scotland's Edinburgh Zoo.

  • Moscow residents choose name for giant panda cub born at city zoo

    Moscow residents choose name for giant panda cub born at city zoo

    Dec 04,2023

    The giant panda cub, that was born at the Moscow Zoo, will have its name chosen by the residents of Moscow, as the baby panda turns 100 days old.

  • Fans bid farewell to only giant pandas in the UK

    Fans bid farewell to only giant pandas in the UK

    Nov 29,2023

    With the only giant pandas, Yang Guang and Tian Tian, in the United Kingdom set to return to China in early December after a 12-year stay at Scotland's Edinburgh Zoo, crowds have been thronging the panda enclosure to bid them farewell.

  • U.S. keen to see pandas back

    U.S. keen to see pandas back

    Nov 19,2023

    When the U.S. White House hinted there is a chance that giant pandas could return to the country, many netizens said it was “good”, “fantastic” and “amazingly interesting.” They are eager to see pandas back again.

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