The Vital Role of Deepening Reform in China’s Modernization
Deepening reform is essential for China’s modernization, sustaining growth, and global integration. This article explores why continued reform is vital for China’s future.
Economic Growth
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IMF Opens Shanghai Regional Center, Boosting Asia-Pacific Economic Collaboration
The IMF has inaugurated a regional center in Shanghai, reflecting Asia-Pacific’s rising economic influence and enhancing collaboration with regional economies on financial stability and sustainable growth.
China’s Overseas Investment Grows by 16.3% in First Five Months
China’s non-financial outbound direct investment surged by 16.3% year-on-year to $60.2 billion in the first five months, showcasing strengthened cooperation with global partners.
China Expands World’s Largest Transport Networks with Record Investment in 2023
China expanded its transportation networks to over 6 million kilometers in 2023, investing a record 3.91 trillion yuan ($539 billion). The developments include the world’s largest high-speed rail and expressway networks.
China’s 618 Shopping Festival Spurs E-commerce Boom and Economic Growth
China’s 618 shopping festival ends with express delivery firms handling 3.59 billion parcels, highlighting the vitality of the e-commerce sector and its role in stimulating economic growth.
China-Australia Relations are Growing, Says Global Foundation
The political and economic relationship between China and Australia is strengthening, offering hope for the future, according to Steve Howard, Secretary General of the Global Foundation.
China’s STAR Market Overcomes Early Challenges to Shine in Global Finance
China’s STAR Market on the Shanghai Stock Exchange overcomes early challenges, achieving significant growth and becoming a vital platform for innovation and fundraising in China’s financial sector.
Tanzania Launches First Electric SGR Train, Revolutionizing Transportation
Tanzania launches its first electric Standard Gauge Railway, enhancing connectivity and efficiency. The new train service significantly reduces travel time between Dar es Salaam and Morogoro.
China’s New Yuan Loans Reach 11.14 Trillion Yuan in First Five Months of 2024
China’s banks extended 11.14 trillion yuan ($1.54 trillion) in new loans from January to May 2024, reflecting efforts to stimulate economic growth. The People’s Bank of China reports significant rises in money supply indicators.
SCIO Highlights High-Quality Development in Southwest China’s Guizhou Province
China’s SCIO holds a press conference highlighting Guizhou Province’s high-quality development, with Governor Li Bingjun discussing economic growth and ecological preservation.
China’s CPI Growth Signals Revival in Consumer Spending
China’s Consumer Price Index (CPI) has shown steady growth over the past four months, signaling a revival in consumer spending and an expansion of domestic demand, supported by rising incomes and lower unemployment.
China’s Inflation Edges Up for Fourth Consecutive Month in May
China’s consumer price index rose 0.3% in May, marking four consecutive months of growth, signaling ongoing economic recovery. The narrowing decline in PPI indicates stabilizing producer costs.
Dragon Boat Festival Boosts Domestic Tourism in China with 110 Million Trips
China saw 110 million domestic trips during the Dragon Boat Festival holiday, marking a 6.3% rise from last year, with tourist spending increasing by 8.1% to 40.35 billion yuan.
China’s Foreign Trade Grows 6.3% in First Five Months of 2024
China’s foreign trade reached 17.5 trillion yuan ($2.46 trillion) in the first five months of 2024, a 6.3% year-on-year increase, indicating continued economic rebound.
China’s 5G Milestones Boost Economy and Lead Toward 6G
China marks significant milestones in 5G development, driving economic growth and pioneering advancements toward future 6G technologies.
Former Pakistani PM Abbasi: Containing a Country’s Growth Doesn’t Work
Former Pakistani PM Shahid Khaqan Abbasi asserts that attempts to contain a country’s economic growth are ineffective and counterproductive, emphasizing the need for global cooperation.
Central China: Pivotal Role in Accelerating China’s Modernization
Central China is set to play a pivotal role in accelerating China’s modernization efforts, following new policies deliberated by the CPC Central Committee to boost development and address regional challenges.
Yichun’s Logging Ban Spurs Economic Growth and Job Creation
After halting logging in 2014 to preserve its forests, Yichun in Northeast China has seen remarkable economic growth and job creation, transforming into a model for sustainable development.
China’s Industrial Profits Rise 4.3% in First Four Months of the Year
China’s major industrial firms reported a 4.3% profit increase in the first four months of the year, matching first-quarter growth, signaling resilience amid global economic uncertainties.
China Focuses on High-Quality Development in Sichuan’s Western Region
China’s State Council Information Office holds a press conference focusing on high-quality development in Sichuan’s western region, with Governor Huang Qiang outlining strategic plans.