Targeted moves afoot for local govt debt relief2025-03-11
China will employ a package of targeted measures to further address local government debt this year, with a particular focus on accelerating the debt swap program, reforming local government financing vehicles and curbing the accumulation of new hidden debt, officials and analysts said.
China evolving into AI "super market" driven by scale, innovation2025-03-11
The topic of artificial intelligence (AI) has stood out at meetings and press conferences during China's annual "two sessions," painting a broader picture: China is rapidly evolving into an AI "super market," with the application of frontier technology woven into the fabric of a wide range of sectors in its economy.
China's domestic demand to be unlocked amid policy shifts2025-03-10
"Consumption" appeared 32 times in China's 2025 government work report, highlighting Beijing's determination to boost domestic demand as the cornerstone of economic growth this year. This renewed emphasis reflects both concerns over economic headwinds in an uncertain global landscape and confidence in the market's untapped potential.
How China powers up consumer spending to fuel growth2025-03-08
Vowing to make domestic demand "the main engine and anchor of economic growth," China's policymakers have sent fresh and firm signals on empowering the vast number of consumers to spend, countering skepticism about the country's shift toward a consumption-driven economy.
China's inbound cruise tourism sets sail in 20252025-03-05
Tianjin and Qingdao, two major port cities in China, kicked off the new year with their first inbound international cruise ship of 2025 -- the Malta-registered Europa 2, a clear signal of the steady revival of China's cruise tourism industry.
Chinese carmakers set sights overseas2025-03-03
Chinese automakers are ramping up efforts to ship vehicles overseas, exploring growth while navigating uncertainties and policy changes in the global automotive market.
Proactive moves afoot to revive economy2025-03-03
China's policymakers will enhance countercyclical adjustments and take more steps to boost consumption, as the broader economy still faces pressing challenges from lackluster domestic demand and uncertainties from the external environment, economists said.