#GDP

  • China's port city Tianjin sees steady rise in foreign trade in Q1

    The northern Chinese port city of Tianjin saw its foreign trade surge 17.5 percent year on year to 184.9 billion yuan (about 28.5 billion U.S. dollars) in the first quarter of this year, data from Tianjin Customs showed.

    The city's imports rose 5.7 percent year on year to about 105 billion yuan and exports climbed to approximately 80 billion yuan, up 37.5 percent over the same period last year.

  • China's robust post-COVID economic growth contributes to global recovery

    As the Golden Week holiday further perked up China's economy, observers expect China to make greater contributions to global economic recovery and development.

    POSITIVE GROWTH

    The World Bank projected in a report published on its website in June that China's economy is expected to grow 1.6 percent in 2020 -- the only major economy projected to achieve positive growth -- while the global economy as a whole will contract 5.2 percent.

  • China's rural revitalization uses aesthetics to transform countryside into lands of enchantment

    In Jingyuan county, northwest China's Ningxia Hui autonomous region, vast wastelands and dilapidated houses have been transformed into ancient-style courtyards and dwellings, which buttress not only a local B&B business, but also beautify what has become an even more aesthetically pleasing rural landscape.

    Chalky walls, grey tiles and flagstone lodgings at the site are luring visitors seeking a leisurely and more poetic lifestyle.

  • China's Xinjiang helps keep BRI trade afloat despite COVID-19

    At a naan-making industrial park in Horgos in northwest China's Xinjiang Uygur Autonomous Region, workers are busy making a popular staple food.

    Unlike most of the naan made elsewhere in Xinjiang, most of the round pancake-shaped bread is made for consumers in Central Asian countries.

  • China’s newly passed Anti-Foreign Sanctions Law to bring deterrent effect against Western hegemony

    Top lawmakers in China on Thursday voted to pass the highly expected Anti-Foreign Sanctions Law, providing a comprehensive legal basis for blocking illegal foreign sanctions and preventing Chinese individuals and entities from suffering the damage resulting from such illegal sanctions. The new law will also offer sufficient legal foundation for taking an equal position with the West by imposing necessary countermeasures, Chinese legal experts said.

    The Standing Committee of the 13th National People's Congress (NPC) convened its 29th session on Monday in Beijing, which was scheduled to conclude on Thursday, and draft version of the anti-foreign sanctions law was put to review for the second time on Monday. According to the rules and procedures of the legislative body, the draft law in the agenda of the NPC Standing Committee meeting should generally be reviewed three times before being put to a vote. However, if there is consensus on all aspects of the draft law, it can be reviewed twice.

  • China’s smart manufacturing bears rich fruits

    Recently, state-owned enterprises (SOEs) directly under the central government of China displayed their innovations in high-end equipment manufacturing at an exhibition held in Beijing at the headquarters of China Railway Group Limited (CREC), showing that China’s calling card of smart manufacturing shines even brighter.

    China State Construction exhibited a prototype of its smart jacking platform, the first of its kind in the world, which caught the eyes of many visitors. The smart jacking platform, which is about four and a half stories high, has a bearing capacity of 2,000 tons and is able to withstand 14-degree hurricanes. It allows constructors to work aloft smoothly and complete a structural layer within three days.

  • Chinese, DPRK FMs exchange congratulations on 60th anniversary of China-DPRK Treaty of Friendship, Cooperation and Mutual Assistance

    Chinese State Councilor and Foreign Minister Wang Yi exchanged congratulations Sunday with DPRK Foreign Minister Ri Son Gwon on the 60th anniversary of the signing of the China-DPRK Treaty of Friendship, Cooperation and Mutual Assistance.

    In his message, Wang pointed out that the treaty is the political and legal foundation for bilateral ties and is of great significance to promoting China-DPRK friendly cooperation and safeguarding regional peace and stability.

  • Chinese, U.S. senior officials hold phone talks over trade

    Chinese Vice Premier Liu He, a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-U.S. comprehensive economic dialogue, held a phone conversation with U.S. Trade Representative Katherine Tai on Thursday morning.

  • Commentary: Anti-China bill detrimental to America's competitiveness

    The U.S. Senate on Tuesday passed an expansive bill that is apparently seeking to use an obsolete Cold-War mentality to boost America's future tech and manufacturing.

    The 2,400-plus-page bill shows Washington's growing anxiety over and ideological prejudice towards China's development, as well as its paranoia to maintain America's global technological superiority.

  • Commentary: China's space station to house more int'l cooperation

    China successfully launched the core module of its space station on Thursday, opening a new foothold for humanity in space.

    China's space station, guided by the idea of building a community with a shared future for humanity, will become a common home transcending Earthly bonds and an outpost for countries worldwide to explore the universe through cooperation.

  • Commentary: Decoding CPC leadership's path to China's economic success

    In its pursuit of bringing happiness to the Chinese people and realizing the rejuvenation of the Chinese nation, the Communist Party of China (CPC) has led the Chinese people in creating a phenomenon of rapid economic development and long-term social stability rarely seen in the world. This has become one of the most exciting success stories of this era.

    Last year, China emerged from the global headwinds to become the only major economy to register positive growth in GDP and foreign trade in goods, thanks to its effective anti-COVID-19 measures. The country's GDP increased by 2.3 percent year on year to cross the 100-trillion-yuan (about 15.49 trillion U.S. dollars) threshold, while its imports and exports of goods expanded by 1.9 percent.

  • Commentary: People: The ultimate success formula of century-old CPC

    The root cause and source of the power of a political party that has seen its membership explode from 50-plus individuals to over 95 million lies in its faith and ability to serve the people.

    In a world where the crisis of political representation is prompting a populist surge of disgruntlement across the Atlantic, the 100-year-old Communist Party of China (CPC) is upholding its time-honored philosophy of putting the people first, which is the key to both its success and its future.

  • Commentary: Twin failures of Taiwan authority's response to COVID-19

    The 74th World Health Assembly (WHA), which kicked off online on Monday, has decided not to include Taiwan on this year's agenda. The decision to exclude Taiwan once again proves that seeking "Taiwan independence" under the cover of the COIVD-19 pandemic is doomed to fail.

    Before 2016, the Taiwan region was able to participate in the WHA under a special arrangement made through cross-Strait consultations on the basis of the 1992 Consensus, which embodies the one-China principle upheld by both sides of the Taiwan Strait.

  • Commentary: Why Kissinger's secret China visit still matters 50 years later

    Fifty years ago, then U.S. National Security Advisor Henry Kissinger undertook a secret mission to Beijing, which helped lay the groundwork for U.S. President Richard Nixon's ice-breaking China visit and the eventual normalization of relations between the two long-estranged countries.

    Fifty years later, the relationship between the world's top two economies now stands at another critical juncture because of an increasingly agitated Washington.

  • CPC always puts people above everything

    As the Communist Party of China (CPC) is about to celebrate its 100th anniversary, the international society is also closely observing the world’s biggest Marxist ruling party that has gone through 100 glorious years, governed the world’s largest socialist country for over 70 years and owned 91 million members, trying to find an answer to why and how the CPC works there.

  • Digitalization injects vitality into China's real economy

    With a super SIM card and app, some Chinese smartphone users will soon be able to make phone calls protected by quantum encryption.

    Unlike traditional encryption methods that rely solely on algorithms, quantum encryption is protected by the laws of quantum physics and has ultra-high security.

  • Dividends flow from ecological improvement along Yellow River

    -- The Yellow River, meandering over 5,000 km from west to east, is called the "mother river" of the Chinese nation, as the river basin has nurtured the Chinese civilization.

    -- The ecological protection and high-quality development of the Yellow River basin has been regarded by the Chinese government as a long-term project concerning the very rejuvenation of the nation.

    -- The river basin is home to 420 million people, accounting for 30 percent of China's total population. From the plateau headwater to the estuary, increasing biodiversity and people's ever-improving living standards have been observed along with the restoration of the great river.

  • E-commerce brings profitable sales channels for Inner Mongolians

    Standing beside his profitable greenhouses, villager Xing Changqing still remembers that just five years ago, his farming business was impacted by the cheap prices of vegetables and fruits grown in his field.

    "Back then, fresh products during the harvest season were not only devalued but also hard to sell in traditional marketplaces," said Xing, 58, who lives in a village in Horqin Township, Horqin Right Wing Front Banner, north China's Inner Mongolia Autonomous Region.

  • Freedom cannot stand against rule of law

    The collapse of Apple Daily is a response to the call of justice, common aspiration, and market demand.

    Since the Hong Kong-based tabloid repeatedly violated law and morality, its operator and employees were punished by laws. Besides, its poor management also contributed a key reason for its closure.

  • Health-conscious Chinese diners bring hundred billion yuan-level market opportunities

    Light meals with low calories, low fat and high fiber have become increasingly popular on Chinese dining tables as consumers become more health-conscious.

    The total market value of Chinese meal replacement products is expected to hit 120 billion yuan ($17.4 billion) by 2022, estimated Euromonitor International, a global market consultancy.

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