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China makes remarkable progress in developing new quality productive forces
In 2024, China made remarkable progress in developing new quality productive forces, highlighted by achievements in innovation, industrial modernization, and future-oriented industries, said Zhao Chenxin, vice chairman of the National Development and Reform Commission, at a press conference Friday.
January 6, 2025
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China makes more high-quality development progress in 2024
High-quality development, the "primary task" in building China into a modern socialist country in all respects, showed further advancements in 2024 as the world's second-largest economy saw its economic power, scientific and technological capabilities, and composite national strength continue to grow, according to the government.
January 6, 2025
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China to increase issuance of ultra-long special treasury bonds
China's policymakers will increase the issuance of ultra-long-term special treasury bonds in 2025, with a broader scope for their expenditure, the country's top economic regulator said on Friday.
January 6, 2025
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China increases openness, intl cooperation in 2024
China increased openness and international cooperation in 2024, removing restrictions on foreign investment in manufacturing, achieving foreign trade growth, and deepening Belt and Road collaboration, the National Reform and Development Commission said at a press conference Friday.
January 3, 2025
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China to increase funding support for equipment upgrades, consumer goods trade-in programs
China will significantly increase the issuance of ultra-long special treasury bonds in 2025 to support the implementation of large-scale equipment upgrades
January 3, 2025
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China's water conservancy projects create 3.15 million jobs in 2024
China implemented 47,000 water conservancy projects in 2024, with a total investment of 1.35 trillion yuan (about US$185 billion), creating employment opportunities for about 3.15 million people, said Chen Min, vice minister of water resources, on Tuesday.
December 31, 2024
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China's water conservancy investment hits record high in 2024
China invested a record 1.35 trillion yuan (about 187.8 billion U.S. dollars) in the construction of water conservancy facilities in 2024, official data showed Tuesday.
December 31, 2024
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China's passenger trips expected to reach 64.5 billion in 2024
China's rapid socioeconomic development creates massive transportation demand. The country's passenger traffic is expected to reach 64.5 billion trips in 2024, up 5.2% year on year, Vice Minister of Transport Li Yang said at a press conference on Friday.
December 31, 2024
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NBS: China's economic structure improves over 5 years
China's economic structure saw notable improvements over the past five years, marked by growth in the service sector, advancements in manufacturing, and more balanced regional development, said Kang Yi, commissioner of the National Bureau of Statistics, while presenting the results of the fifth national economic census on Thursday.
December 31, 2024
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Transport network meets growing needs
China's transportation network has met growing demand brought by the country's rapid socioeconomic development, further promoting high-quality development, a Ministry of Transport official said at a news conference on Friday.
December 28, 2024
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Transport ministry: 97% of China's expressway service areas equipped with charging piles
China has built charging piles in over 5,800 expressway service areas, covering 97% of the country's total, said the Ministry of Transport on Friday.
December 27, 2024
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China unveils data on core industries of digital economy of 2023
China had 2.92 million corporate enterprises engaged in the core industries of the digital economy, with 36.16 million persons employed as of the end of 2023, the fifth national economic census showed on Thursday.
December 27, 2024
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China revises preliminary calculation of 2023 GDP
China's gross domestic product (GDP) in 2023 was revised to 129.4 trillion yuan (about 18 trillion U.S. dollars), official data showed Thursday.
December 26, 2024
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China's 5th national economic census highlights new development vitality
China on Thursday published the results of its fifth national economic census, which showed that the country's economy has achieved progress while maintaining stability over the past five years.
December 26, 2024
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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