A billboard in Shanghai shows the level of the Shanghai Composite Index. [Photo/VCG] Upbeat sentiment marks the A-share market as investors’ risk appetite has further recovered amid the recently introduced stimulative policies and improving macroeconomic indicators, said experts. On Monday, the benchmark Shanghai Composite Index added 0.54 percent to close at 3171.15 points, its highest … Continue reading Risk appetite strengthens upbeat mood
Tag: economic
Swiss Re bullish about insurance market’s prospects in nation
A view of the booth of Swiss Re during an expo in Shanghai. [Photo/China Daily] China’s insurance sector is expected to double in size in the coming decade amid robust economic growth, making the country a more significant market for Swiss Re, the top executive of the global reinsurance company said. Despite concerns raised over … Continue reading Swiss Re bullish about insurance market’s prospects in nation
Swiss Re bullish about insurance market’s prospects in nation
A view of the booth of Swiss Re during an expo in Shanghai. [Photo/China Daily] China’s insurance sector is expected to double in size in the coming decade amid robust economic growth, making the country a more significant market for Swiss Re, the top executive of the global reinsurance company said. Despite concerns raised over … Continue reading Swiss Re bullish about insurance market’s prospects in nation
New quality forces crucial to industrial, tech transformation
MA XUEJING/CHINA DAILY During the first group study session held by the Political Bureau of the Communist Party of China Central Committee this year, President Xi Jinping said that, with innovation playing a leading role, new quality productive forces mean advanced productivity that is freed from traditional economic growth mode and productivity development paths; they … Continue reading New quality forces crucial to industrial, tech transformation
Technology innovation key to steady economic growth
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
China’s economic recovery gets off to a great start this year
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] China’s economic recovery has gotten off to a good start this year, laying a solid foundation for achieving annual economic targets, said Pan Gongsheng, governor of the People’s Bank of China, the country’s central bank. Addressing … Continue reading China’s economic recovery gets off to a great start this year
Fitch’s outlook on fiscal policies wrong, ministry says
A robotic arm works on a photovoltaic module production line of a new energy company in Ordos, Inner Mongolia autonomous region, on March 21, 2024. [Photo/Xinhua] Rating Agency Fitch’s sovereign credit rating methodology and indicator system have failed to effectively and prospectively reflect the positive role of China’s fiscal policies, which are properly more proactive … Continue reading Fitch’s outlook on fiscal policies wrong, ministry says
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
US-based fund to up investment, client focus
A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] US-based global investment firm Wellington Management will expand its investment and client coverage in China, a senior executive said, betting on the numerous opportunities in the Chinese market. “As we navigate through a potential new … Continue reading US-based fund to up investment, client focus
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