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NBS: Market expectations and confidence improve in November
Market expectations and confidence continued to improve in November, with more active stock and real estate markets and increased business activity expectation indices in manufacturing and service industries, said Fu Linghui, spokesperson of the National Bureau of Statistics, at a press conference Monday.
December 18, 2024
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NBS: Trade-in policy energizes consumer market
China's trade-in policy for consumer goods has been significant in driving the consumer market, with the sales of home appliances, furniture, and automobiles seeing remarkable uptick in November, according to the latest data released by the National Bureau of Statistics on Monday.
December 17, 2024
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Data for November points to steady economic rebound
China's economy showed sustained recovery in November amid a raft of government measures aimed at stimulating growth, pointing to green shoots of a steady rebound heading into 2025, economists said on Monday.
December 17, 2024
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China's economic recovery gains momentum amid sustained policy support
China's economic recovery gained momentum in November, fueled by a series of recent pro-growth policies that have contributed to an accumulation of positive factors.
December 17, 2024
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China's surveyed urban unemployment rate down in January-November
The surveyed urban unemployment rate on average in China stood at 5.1 percent in the first 11 months of 2024, down 0.1 percentage points from the same period last year, official data showed on Monday.
December 16, 2024
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China's fixed-asset investment up 3.3% in January-November
China's fixed-asset investment rose 3.3 percent year on year in the first 11 months of 2024, official data showed Monday.
December 16, 2024
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China's retail sales up 3% in November
China's retail sales of consumer goods went up 3 percent year on year in November, the National Bureau of Statistics said Monday.
December 16, 2024
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China's home price decline narrows year on year in November
The decline in the prices of commercial residential homes in China's 70 large and medium-sized cities narrowed on a year-on-year basis in November, official data showed on Monday.
December 16, 2024
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China's industrial output maintains steady growth in November
China's value-added industrial output, an important economic indicator, expanded 5.4 percent year on year in November, official data showed Monday.
December 16, 2024
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South-to-North Water Diversion Project promotes economic development, environmental protection
The South-to-North Water Diversion Project has been significant in supporting economic development and environmental protection, Vice Minister of Water Resources Wang Daoxi said at the 10th anniversary of the opening of the water diversion routes.
December 13, 2024
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Northern regions benefit from water diversion project
The South-North Water Diversion Project has in the past decade diverted 76.7 billion cubic meters of water from the Yangtze River basin to the country's drought-prone northern regions, benefiting 185 million people, according to the Ministry of Water Resources.
December 13, 2024
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China's mega water diversion project benefits over 185 million people
More than 185 million people in China have directly benefited from a massive water diversion project that has been pumping water from the water-rich south to the drought-prone north over the past decade.
December 13, 2024
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China's mega water project benefits 185 million people
China's South-to-North Water Diversion Project has transferred 76.7 billion cubic meters of water over the past decade, benefiting 185 million people and ensuring water supply for 45 large and medium-sized cities along the diversion routes.
December 12, 2024
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China issues white paper on rural road development
China's State Council Information Office on Friday released a white paper titled "China's Rural Roads in the New Era" to introduce the achievements and vision of rural road development in the new era and to share China's experience.
December 2, 2024
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China's rural road development propels rural revitalization
China has steadily promoted the development of rural transport infrastructure over the past decade, facilitating rural revitalization and contributing to global development.
November 29, 2024
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China sets goal to lower logistics costs
China aims to lower the ratio of logistics costs to GDP from 14.4% in 2023 to about 13.5% in 2027, according to a newly released action plan. This will help reduce the costs for the real economy and enhance manufacturing competitiveness, said Zhang Shixin, deputy secretary-general of the National Development and Reform Commission, on Thursday.
November 29, 2024
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Road map charted to drive down logistics costs
China has charted a clear road map to drive down logistics costs, a move that officials and analysts said is not just about enhancing the competitiveness of industries, but also about strengthening the foundation of the real economy as a whole.
November 29, 2024
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Logistics optimization to underpin economic growth in China
There is significant room to improve logistics efficiency in China, and the country has rolled out a plan to cut the ratio of social logistics costs to GDP to approximately 13.5 percent by 2027, down from 14.4 percent in 2023 and 18 percent in 2012.
November 29, 2024
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Ministry of Commerce: China open to advancing trade ties with US
China is open to dialogues with the U.S. and promoting steady and sustained development of bilateral economic and trade relations, while safeguarding its own sovereignty, security, and development interests, China International Trade Representative and Vice Minister of Commerce Wang Shouwen said at a policy briefing Friday.
November 25, 2024
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China steps up efforts to bolster foreign trade
In the face of sluggish global trade, China has introduced a series of measures to ensure steady import and export growth and help drive steady economic recovery this year.
November 23, 2024
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Foreign ministry: China implementing unilateral visa-free policy for 29 countries
China has implemented unilateral visa-free policies for 29 countries, including France and Germany, as part of efforts to boost international travel, an official with the Ministry of Foreign Affairs said on Friday.
November 22, 2024
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Official: China open to dialogue, cooperation with US to promote steady economic relations
China is ready to engage in dialogue, expand areas of cooperation and manage differences with the United States to promote steady and sustained development of bilateral economic and trade relations, China International Trade Representative and Vice Minister of Commerce Wang Shouwen said Friday.
November 22, 2024
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Central bank: China to keep yuan exchange rate basically stable
China will keep the exchange rate of the yuan basically stable at an adaptive and balanced level, a central bank official said Friday.
November 22, 2024
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China sees economic recovery, rising market confidence in October
China's economy witnessed notable recovery and a boost in market confidence in October, with active stock and real estate markets and improvements in business and consumer sentiment, said Fu Linghui, spokesperson of the National Bureau of Statistics, at a press conference Friday.
November 18, 2024
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China's manufacturing investment up 9.3% in Jan-Oct
China's investment in the manufacturing sector grew 9.3% year on year in the first 10 months. In particular, investments in equipment manufacturing and consumer goods manufacturing grew 9.1% and 15% year on year, respectively, according to the National Bureau of Statistics.
November 18, 2024
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China's retail sales of consumer goods up 4.8% in October
In October, China's total retail sales of consumer goods logged 4.54 trillion yuan (US$627.56 billion), up 4.8% year on year, 1.6 percentage points higher than the previous month, said Fu Linghui, spokesperson of the National Bureau of Statistics, on Friday.
November 15, 2024
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China's consumer market shows continued recovery in October
China's consumption gained traction in October with faster sales growth and improving consumer sentiment thanks to favorable government policies.
November 15, 2024
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China's property market shows positive changes as supportive policies take hold
China's property market displayed positive changes in October, with narrowing price declines, stronger sales and improved market sentiment, as the latest wave of pro-housing policies took effect.
November 15, 2024
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China's retail sales pick up pace in October
China's consumer market registered more rapid growth in October as the sales of household appliances, furniture and automobiles were robust thanks to the national trade-in program.
November 15, 2024
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China's fixed-asset investment up 3.4% in January-October
China's fixed-asset investment rose 3.4 percent year on year in the first 10 months of 2024, official data showed Friday.
November 15, 2024