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China's major industrial companies upbeat about business prospects
China's major industrial companies are optimistic about their business prospects with a continuous increase in their profits, Shan Zhongde, vice minister of industry and information technology, said on Thursday.
April 18, 2024
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Bolstering demand high on agenda
China is planning to bolster the economy by funding key projects, boosting consumption and tackling challenges faced by private enterprises, in a bid to hit its annual growth target for 2024, according to the country's top economic regulator.
April 18, 2024
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Output of China's high-tech zones hit 18 trillion yuan in 2023
China has made historical achievements in developing high-tech industrial zones, with its 178 national high-tech zones yielding an output of 18 trillion yuan (US$2.49 trillion) in 2023, according to the Ministry of Industry and Information Technology at a press conference Wednesday.
April 18, 2024
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China grants over 200B yuan from central budget for investment
More than 200 billion yuan (about 28.16 billion U.S. dollars) worth of central budget funds have been granted to expand effective investment so far this year, an official with the country's top economic planner said on Wednesday.
April 18, 2024
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2024 ZGC Forum to kick off on April 25
The 2024 ZGC Forum is scheduled to take place in Beijing from April 25-29, an official announced Wednesday. Featuring nearly 120 events, this year's forum will involve over 100 top experts, as well as guests from more than 100 countries and regions, to discuss sci-tech innovation.
April 18, 2024
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China to unveil major sci-tech achievements in upcoming Zhongguancun Forum
China's upcoming 2024 Zhongguancun Forum (ZGC Forum) will focus on cutting-edge fields such as artificial intelligence (AI), life sciences and new materials, and unveil a series of major scientific and technological achievements of the country, an official with the Ministry of Science and Technology said Wednesday.
April 17, 2024
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China achieves new results in high-quality development in Q1
China recorded better-than-expected GDP growth of 5.3% in the first quarter, with new results achieved in high-quality development, particularly in innovation, green development, and structural improvement in both industry and demand, Sheng Laiyun, deputy commissioner of the National Bureau of Statistics, said at a press conference Tuesday.
April 17, 2024
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China's fixed-asset investment expands 4.5% in Q1
China's fixed-asset investment (excluding rural households) rose 4.5% year on year to over 10 trillion yuan (US$1.38 trillion) in the first quarter, data from the National Bureau of Statistics showed Tuesday.
April 16, 2024
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China's industrial output grows 6.1% in Q1
China's GDP growth in the first quarter was largely driven by industry and services, Sheng Laiyun, deputy commissioner of the National Bureau of Statistics, said at a press conference Tuesday. In Q1, the value added of China's industrial enterprises above designated size grew 6.1% year on year, contributing 37.3% to GDP growth.
April 16, 2024
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China's fixed-asset investment up 4.5% in Q1
China's fixed-asset investment rose 4.5 percent year on year in the first quarter of this year, official data showed Tuesday.
April 16, 2024
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China's surveyed urban unemployment rate at 5.2% in Q1
The surveyed urban unemployment rate on average in China stood at 5.2 percent in the first quarter of 2024, down 0.3 percentage points from the same period last year, official data showed on Tuesday.
April 16, 2024
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China's resident nominal disposable income up 6.2% in Q1
China's per capita disposable income stood at 11,539 yuan (about 1,624.57 U.S. dollars) in the first quarter of the year, up 6.2 percent year on year in nominal terms, data from the National Bureau of Statistics showed Tuesday.
April 16, 2024
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China's retail sales up 4.7% in Q1
China's retail sales of consumer goods, a major indicator of the country's consumption strength, climbed 4.7 percent year on year in the first quarter of 2024, official data showed Tuesday.
April 16, 2024
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China's industrial output up 6.1% in Q1
China's value-added industrial output, an important economic indicator, went up 6.1 percent year on year in the first quarter of this year, data from the National Bureau of Statistics (NBS) showed Tuesday.
April 16, 2024
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China's gross domestic product (GDP) grew 5.3% year on year in the first quarter of 2024 to 29.63 trillion yuan (US$4.09 trillion), data from the National Bureau of Statistics showed Tuesday.
April 16, 2024
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China's GDP expands 5.3% year on year in Q1
China's gross domestic product (GDP) grew 5.3 percent year on year in the first quarter of 2024, data from the National Bureau of Statistics showed Tuesday.
April 16, 2024
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Official: Innovation and quality key for global popularity of Chinese goods
During a press briefing Friday, Wang Lingjun, vice minister of China's General Administration of Customs, disputed foreign media's "overcapacity" narrative, and said that innovation and quality are the keys to driving the global appeal of Chinese goods.
April 15, 2024
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China to increase equipment investment by 25% through 2027
China will boost investment in equipment in seven major areas, including industry, agriculture, and construction, by at least 25% for the 2023-2027 period, an official of the National Development and Reform Commission said Thursday, citing a recently issued action plan.
April 12, 2024
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China's foreign trade up 5% in Q1, hits new records
China's total import and export of goods expanded 5 percent year on year in yuan terms in the first quarter of 2024, setting new records in both scale and growth rate, official data showed Friday.
April 12, 2024
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Official: Equipment renewals create 5-trillion-yuan market in China
China's latest initiative of equipment renewals and consumer goods trade-ins will offer substantial market opportunities, with the annual demand for equipment renewal in key sectors exceeding 5 trillion yuan (US$690.91 billion), Zhao Chenxin, vice chairman of the National Development and Reform Commission, said at a policy briefing Thursday.
April 12, 2024
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Financial aid backs equipment renewal
China will offer "strong" financial support to promote the large-scale renewal of equipment and the trade-in of consumer goods, and fiscal support from the central government will focus on key areas like new energy vehicles, said officials from the country's top industry regulators on Thursday.
April 12, 2024
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Hainan eyes bigger role in nation's opening-up
Construction of the Hainan Free Trade Port is gathering momentum, said a top official of Hainan province.
April 12, 2024
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Hainan hits new records in tourist arrivals, revenue
Hainan's tourism sector witnessed a revival last year, with tourist arrivals and revenue growing by 49.9% and 71.9%, respectively, both hitting record highs. At a press conference Thursday, Vice Governor of Hainan Province Xie Jing said the recovery momentum has remained strong, transforming the once-famed "Golden Week" into an extended and thriving "Golden Season."
April 12, 2024
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China to up financial support for equipment upgrades, trade-ins of consumer goods
China will provide strong financial support for large-scale equipment renewals and trade-ins of consumer goods, an official said Thursday.
April 12, 2024
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Governor: Hainan free trade port development in full swing
Hainan, China's southern island province, is ramping up efforts to develop itself into a free trade port (FTP), securing progress in high-level opening up, provincial governor Liu Xiaoming said Thursday.
April 11, 2024
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China increases inclusive loans to micro, small firms
China has issued more inclusive loans with lower interest rates to support micro and small companies, official data shows.
April 11, 2024
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Shandong in fast lane to growth
Over the past three years, Shandong completed five new high-speed rail lines and increased the total length of the province's high-speed rail lines to 2,810 kilometers, ranking No 1 among the country's provincial-level regions.
April 11, 2024
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Shandong endeavors to foster new quality productive forces
Shandong will foster new quality productive forces through tech innovations, industrial upgrading and talent cultivation, the provincial governor said at a press conference on Wednesday.
April 11, 2024
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China's Shandong seeks high-quality, green growth
China's Shandong Province, one of the country's major economic powerhouses, is pursuing high-quality and green growth amid the modernization drive, provincial officials said Wednesday.
April 11, 2024
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China moves to make financing easier for small businesses
China has stepped up efforts to tackle the financing difficulties of small businesses, accelerating the pace at which it is building credit services platforms.
April 11, 2024