Household savings hit major highs across China
People visit Yu Garden during the Lantern Festival in Shanghai on Feb 5, 2023. (PHOTO / AFP) Per capita household savings exceeded 200,000 yuan ($29,342.60) in Beijing and Shanghai for […]
China’s outbound direct investment up 5.2% in 2022
This undated photo shows an aerial view of the Cauchari solar project in Argentina's Jujuy province, which was built by Chinese companies. (PHOTO / XINHUA) BEIJING – China's outbound direct […]
Bank credit extensions boost real economy
Chinese banks have stepped up the pace of credit extensions since the beginning of the year as the banking sector further strengthened efforts to bolster the real economy, experts said. […]
Shanghai continues high-tech march
Numerous new high-technology projects were launched in Shanghai's Pudong New Area on Wednesday, reflecting the metropolis' resolve to further advance innovation. A total of 88 major tech projects were unveiled […]
January box-office earnings hit record high
Movie-goers walk past a poster in a cinema in Shenyang, Liaoning province, on Jan 24. China’s box office in January exceeded 10 billion yuan ($1.48 billion). (PHOTO PROVIDED TO CHINA […]
Shanghai, Beijing and Shenzhen top cities in GDP
This Aug 19, 2022 photo shows a view of Beijing's CBD area. (PHOTO / VCG) Shanghai, Beijing and Shenzhen were the top 3 Chinese cities in terms of gross domestic […]
China’s state-owned enterprises log revenue growth in 2022
In this undated photo, employees from a subsidiary of China Shipbuilding Industry Corp install clean-energy equipment in Nantong, Jiangsu province. (PHOTO / XINHUA) BEIJING – China's state-owned enterprises (SOEs) posted […]
Finance Ministry: Fiscal revenue, expenditures up in 2022
This undated file photo shows a clerk counting cash at a bank outlet in Hai'an county, Jiangsu province. (PHOTO / CHINA DAILY) China's fiscal revenue grew 9.1 percent year-on-year in […]
China’s services trade up 12.9% in 2022
A staff member demonstrates an optical motion capture system displayed at the 2022 China International Fair for Trade in Services in Beijing, capital of China, Sept 1, 2022. (PHOTO / […]
Digital yuan boosts Chinese New Year consumption
A staff member demonstrates the payment with China's digital yuan, or the e-CNY, during the first Global Digital Trade Expo in Hangzhou, east China's Zhejiang province, Dec 12, 2022. (PHOTO […]
Spending on R&D in China hits new high
Scientists conduct a solar spectrum experiment at a Chinese Academy of Sciences' laboratory in Shanghai. (ZHANG JIANSONG / XINHUA) China spent a record 3.09 trillion yuan ($443 billion) on research […]
Digital yuan stimulates Spring Festival consumption
A staff member of the Bank of Communications Beijing Branch instructs a visitor to open a digital RMB wallet on a mobile phone, on June 16, 2021. (PHOTO / XINHUA) […]
Central SOEs record growth in revenue, profit
In this undated photo, employees from a subsidiary of China Shipbuilding Industry Corp install clean-energy equipment in Nantong, Jiangsu province. (PHOTO / XINHUA) BEIJING – China's centrally administered State-owned enterprises saw […]
A-share market shows resilience amid uncertainties
Representatives of China Railway Harbin Group of Technology Corp beat a gong at its IPO ceremony on Oct 12. The company is listed on the Shanghai Stock Exchange STAR Market. […]
MOC: RMB gains popularity in cross-border transactions
This undated file photo shows a worker counting banknotes of Chinese currency Renminbi (RMB) at a bank in Linyi, east China's Shandong province. (ZHANG CHUNLEI / XINHUA) BEIJING – The […]
Chinese yuan firms to reveal upbeat economic prospects
In this Jan 7, 2016 file photo, a resident shows China's RMB and US dollar banknotes in Qionghai, south China's Hainan province. (MENG ZHONGDE / XINHUA) BEIJING — The Chinese […]
China to waive VAT for some small-scale taxpayers in 2023
This undated file photo shows a teller counting cash at a bank in Taiyuan, Shanxi province. (ZHANG YUN / CHINA NEWS SERVICE) BEIJING – China will exempt small businesses with […]
China’s ChiNext IPOs raise nearly 180 billion yuan in 2022
BEIJING – The initial public offerings of 150 newly listed companies on ChiNext, China's Nasdaq-style board of growth enterprises, raised 179.64 billion yuan (about $26.57 billion) in 2022, data from […]
Ant’s consumer finance unit gets nod to raise $1.5b
Ant Group's booth at an expo in Hangzhou, Zhejiang province. (LONG WEI / FOR CHINA DAILY) Chinese regulators have approved tech heavyweight Alibaba's financial arm Ant Group to raise 10.5 […]
Finance minister: China to step up proactive fiscal policy
Minister of Finance Liu Kun attends an interview via video link after the opening meeting of the fifth session of the 13th National People's Congress in Beijing, March 5, 2022. […]