Engineers operate the tunnel boring machine to begin construction of the Suzhou East Tunnel in Suzhou, Jiangsu province. LIU FUCHANG/FOR CHINA DAILY After China’s GDP grew 5.2 percent last year and 5.3 percent year-on-year in the first quarter, it is expected to continue to expand at a relatively high rate over the long run. Endowed … Continue reading Technology innovation key to steady economic growth
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Financial de-risking remains key focus in future
MA XUEJING/CHINA DAILY China’s financial risks have been converging of late, but de-risking in the future will fundamentally depend on the stabilization and recovery of the economy. As the economy further improves, there will be greater room for resolving financial risks in key areas, and such risks are expected to remain within control this year. … Continue reading Financial de-risking remains key focus in future
China aims to accelerate national integrated financing credit service platform construction
A clerk counts cash at a bank in Nantong, Jiangsu province. [Photo/Sipa] China will strive to accelerate the construction of a national integrated financing credit service platform network, thereby providing more convenient financing channels for micro, small and medium-sized enterprises, especially private ones, a senior official said at a news conference on Wednesday. Such remarks … Continue reading China aims to accelerate national integrated financing credit service platform construction
Visitors to benefit from payments revamp
Visitors purchase cashmere products through mobile payment methods during the 20th China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region, in September. [Photo/China Daily] China is expected to intensify efforts to facilitate a seamless payment mechanism for foreigners and the elderly, and create a more friendly, inclusive and multichannel payment environment, said experts and business leaders. … Continue reading Visitors to benefit from payments revamp
Expert highlights innovative drivers to bolster high-quality development
Employees work at a production facility for display units in Chongqing on March 14. [Photo/Xinhua] China’s emphasis on nurturing new quality productive forces is set to inject fresh impetus into the country’s high-quality development and contribute greatly to global economic recovery, while offering enormous business opportunities for investors both at home and abroad, according to … Continue reading Expert highlights innovative drivers to bolster high-quality development
Carestream raising localization to gain larger market share
Visitors gather at the booth of Carestream Health Inc during a medical equipment exhibition in Shanghai in 2023. [PHOTO/CHINA DAILY] US-based medical equipment manufacturer Carestream Health Inc plans to localize the production of a variety of items in China this year to secure a larger market share, a senior executive said. The initiative aims to … Continue reading Carestream raising localization to gain larger market share
EVs spur global interest in battery field
A technician checks battery products at an industrial park in Yichang, Hubei province. [ZHANG GUORONG/FOR CHINA DAILY] China’s battery industry continues to enthuse foreign investors, buoyed by the country’s robust demand for electric vehicles and its leading position in battery technologies, said industry experts. Despite global economic uncertainties, China’s battery sector remains attractive to investors, … Continue reading EVs spur global interest in battery field
Prudential sees opportunities in growing middle-income group
China’s efforts to focus more on domestic consumption for sustainable and balanced economic growth, along with a fast-growing middle-income group and the shifting dynamics of its demographics, will bring massive opportunities for global insurance companies, the top executive of global insurer Prudential said. China’s economy is undergoing a transitional phase, with a stronger emphasis on … Continue reading Prudential sees opportunities in growing middle-income group