The State Administration for Cultural Heritage Protection of China informed about the discovery in Huainan city, located in Anhui province in East China, the largest to date ancient tomb, which belonged to the upper class of the times of the Chu kingdom, as reported by CGTN, a partner of TV BRICS. Chu is a kingdom that existed in ancient China more than 2200 years ago. Archaeologists focused on the excavation of the main vertical earthen burial pit. So they confirmed that…

China’s economic outlook remains positive as the country’s consumer spending surged in the first quarter (Q1) of 2024, signaling a strong contribution to domestic demand and overall economic growth China’s retail sales of consumer goods, a major indicator of the country’s consumption strength, climbed 4.7 percent year on year in Q1 2024, according to data from the National Bureau of Statistics (NBS). Analysts believe that the sustained growth in consumer spending is a testament to China’s economic resilience and the…

China has sped up industrial upgrading by cultivating new quality productive forces, laying a solid foundation for strengthened recovery momentum this year and beyond. The following are some figures highlighting the country’s progress in certain areas within the first quarter (Q1) of this year. EMERGING INDUSTRIES The high-tech manufacturing sector registered a growth of 7.5 percent in Q1, accelerating by 2.6 percentage points from the fourth quarter of 2023. Investment in high-tech industries has experienced robust growth, increasing by 11.4…

China’s ongoing drive to advance high-quality development will create new opportunities for enterprises, according to industry insiders who joined the fourth episode of the China Economic Roundtable, an all-media talk platform hosted by Xinhua News Agency “We started from scratch like many other small Chinese companies, but after reaching a certain size, we had to undergo a major transformation to extend the growth momentum,” said You Hongtao, chairman of Chongqing Pharscin Pharmaceutical Co., Ltd. Today the company is listed on…

China’s economic performance achieved a “good start” in the first quarter of 2024, bringing certainty to the volatile global economic landscape, according to a guest speaker at the fourth episode of the China Economic Roundtable, an all-media talk platform hosted by Xinhua News Agency. The global economic landscape will still see a year full of uncertainty, with complicated international environment, frequent geopolitical conflicts, and the trend of high inflation, high debt pressure, high interest rates and low economic growth remaining…

The Chinese economy has seen its recovery gather steam in the first quarter (Q1) of 2024, displaying strength and resilience and bringing much-needed certainty to an otherwise uncertain global economic landscape. In the first three months of the year, China’s GDP expanded 5.3 percent from one year earlier, accelerating from 5.2 percent in the previous quarter, data from the National Bureau of Statistics (NBS) showed. Acknowledging the performance as a “good start,” guest speakers at the fourth episode of the…

On 5 March, national and global spotlight turned to the Great Hall of the People in Beijing where around 3,000 deputies gathered to open the second session of the 14th National People’s Congress (NPC). Over a span of seven days, the deputies, representing all of China’s ethnic groups, regions and sectors, discussed and decided on a range of issues critical for the country’s development.  This year marks the 70th anniversary of the founding of the people’s congress system in China.…

In this year’s government work report, Chinese Premier Li Qiang pointed out that China will strive for solid progress in high-quality Belt and Road cooperation. The country will steadily advance cooperation on major projects and implement a number of “small yet smart” projects for improving the people’s well-being.  As an international public product and cooperation platform, the achievements of the Belt and Road Initiative (BRI) in the past 10 years have been noticed around the world. However, the spread of…

In Campo Grande, Brazilian President Luiz Inacio Lula da Silva personally attended the shipment of the first batch of meat products to China from the newly opened plants. This important event is part of the federal government’s strategy to expand international trade and increase export opportunities. Since the start of 2023, Brazil has been actively working to open new markets and expand trade channels. As a result of the efforts, the country has opened 105 new markets in 50 countries…

High-level opening up and policies to attract foreign direct investment (FDI) were hot topics during the annual sessions of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC) National Committee, China’s key annual political meetings commonly known as Two Sessions.  China has been one of the most popular FDI destinations over the years and has benefitted from it. However, last year, according to data from the State Administration of Foreign Exchange, China’s actual use of FDI…