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While China prioritizes boosting consumption this year, it is equally crucial to ensure that investment, the other vital component of domestic demand, is also nurtured and scaled up, analysts said.
China has rolled out a comprehensive set of initiatives aimed at stimulating consumer demand, with a particular emphasis on enhancing household income and expanding the national trade-in program.
Vice Premier He Lifeng, who is also Chinese lead person for China-U.S. economic and trade affairs, held a video call with U.S. Trade Representative Jamieson Greer on Wednesday at the latter's request.
China expressed opposition and condemnation over the United States' placing dozens of Chinese companies on the export restriction list, vowing to take necessary measures to safeguard the lawful rights of Chinese companies.
As the trade war started by the United States continues to unfold, it is becoming increasingly clear that Washington has underestimated the strength and adaptability of China's economy.
China is mulling raising the foreign debt ceiling for high-technology enterprises while expanding the reach of policies that facilitate corporate foreign exchange management.
Beijing Academy of Artificial Intelligence, a Chinese non-profit AI institution, strongly condemned its inclusion on the US Entity List, calling the decision unjustified and urging Washington to reverse the move.
The Chinese path to modernization breaks the preconceived logic that equates modernization with Westernization, offering the world, particularly developing countries, an entirely new development paradigm, said Nguyen Minh Hoan, head of the Department of Philosophy at the Faculty of Journalism and Communication of the Ho Chi Minh National Academy of Politics, in an interview with China News Network.
China is focused on building open and shared industrial chains to embrace international cooperation, and is leveraging its growing consumption momentum to boost global demand, senior economists said.
China's economy is showing clear signs of steady recovery with a sound showing in the first two months, and is back on track for healthy, sustainable growth, bolstered by a mix of stimulus policies and meaningful reforms measures in the pipeline.
Free trade ports can drive connectivity and opening-up forward especially in a changing world where geopolitical shifts, poverty and even supply chain disruptions prevail.
China's consumption market will continue to show a stable development trend this year, fueled by the continuous efforts of various policies and measures to help expand domestic consumption, the Ministry of Commerce said on Tuesday.
Asian economies, with real GDP growth projected to be 4.5 percent for 2025, will continue to play a crucial role in driving global economic stability and growth, said a report released on Tuesday at the Boao Forum for Asia Annual Conference 2025.
Asian economy, one of the world's major growth engines, is projected to grow by 4.5 percent in 2025, with its share rising to 48.6 percent among the world's economic output measured by purchasing power parity.
Deeper regional integration — especially in terms of trade, investment and migration — has been the key driver of growth in the Asia-Pacific region for the past 20 years, but such gains are being threatened by geopolitical tensions that constrain global trade.
China's emphasis on advancing the application of fast-evolving artificial intelligence technology in a wide range of industries will inject new momentum into the country's high-quality economic growth and create enormous opportunities for multinational corporations to invest in the country.
China's Minister of Commerce on Monday met with several U.S. senior executives, including Apple CEO Tim Cook and Qualcomm President and CEO Cristiano Amon.
Chinese Premier Li Qiang has signed a State Council decree to unveil the regulation on implementing the anti-foreign sanctions law, comprising 22 articles, set to take effect on Monday.
The departments of the State Council, China's Cabinet, have the authority to conduct investigations and engage in external consultations when implementing countermeasures against foreign sanctions, according to a new regulation, which was released on Monday and was effective immediately.
China's unwavering commitment to opening-up will propel new industrialization, green growth and digital transformation, showcasing the nation's growing strength in innovation and demand-driven productivity and creating fresh opportunities for global businesses.
From 2020 to 2023, investment in manufacturing increased at an annual average rate of 33 percent, compared with less than 10 percent in the years 2010 to 2018, the report said.
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.
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.
Nurturing new quality productive forces and facilitating companies' international expansion will be key priorities for the Hongqiao International Opening-up Hub, officials said on Friday.
China will enhance consumption capacity and increase urban and rural residents' income on the basis of promoting economic growth and improving productivity, so as to ensure that consumers have more money to spend.
China will combine robust policy support and the unleashing of market forces as it strives to achieve its economic growth target of around 5 percent this year.
Premier Li Qiang said on Sunday that there are no winners in trade wars and that no country can achieve development and prosperity through imposing tariffs.
Chinese modernization offers a unique development model that integrates economic growth, social equity, and sustainable progress, scholars said at a forum on Saturday.
It only took the Chinese animation movie Ne Zha 2 six days after its March 13 opening in Malaysia to gross over 22 million ringgit ($4.97 million). The huge earnings have made it the highest-grossing film from China in the Malaysian box office, according to the social media post of TGV Cinemas, one of Malaysia's biggest cinema chains.
The People's Bank of China (PBOC) has pledged to intensify monetary policy adjustments and lower financing costs to support economic growth, according to a statement released on Friday after its first-quarter monetary policy committee meeting.
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