China is implementing a series of targeted measures to foster a favorable environment for private enterprises and promote growth in the private sector, said an official with the country’s top economic planner. These initiatives focus on easing financing constraints, boosting investment, promoting trade, enhancing talent development and encouraging innovation, said Liu Min, deputy head of the private economy development bureau under the National Development and Reform Commission, during the latest episode of China Economic Roundtable, an all-media talk show hosted…

China is fully confident in achieving the economic growth target of around 5 percent this year as there is solid foundation, support and guarantee, Zheng Shanjie, head of the National Development and Reform Commission, told a press conference on Thursday. Describing last year’s economic performance as satisfactory, Zheng said that the Chinese economy has shown strong resilience and vitality, laying a solid foundation for this year’s development. In 2025, China will step up efforts to boost consumer spending, Zheng said.…

From winter sports to snow tourism, China is actively tapping into its ice and snow resources to create new growth drivers for the world’s second-largest economy, according to multiple officials and experts at a recent roundtable. Tourists are now more willing to pay for leisure and cultural activities related to ice and snow tourism, said Dai Bin, president of the China Tourism Academy, at the latest episode of the China Economic Roundtable, an all-media talk show hosted by Xinhua News…

Located in China’s northernmost province of Heilongjiang, Harbin Ice-Snow World, a breathtaking ice-themed park known for its dazzling ice sculptures, is now one of China’s hottest tourist destinations. During the eight-day-long Spring Festival holiday that ended Tuesday, over 610,000 trips were made to the park. Daily trips on Saturday exceeded 100,000, setting a new record for single-day attendance. Since opening its doors this season, the park has received over 2.66 million visits. The ice and snow tourism fervor is not…

9 passenger plane of China Southern Airlines during a flight training mission in Dongying, Shandong Province, on 12 September 2024 (CNS) At the 15th Airshow China, held in Zhuhai, Guangdong Province, from 12 to 17 November 2024, China Southern Airlines, in collaboration with the Global Sustainable Transport Innovation and Knowledge Centre and Airbus, presented a report on the development of sustainable aviation fuel (SAF).  The report shows the significant potential of the Chinese SAF market, which has distinct advantages in…

China will significantly increase the issuance of ultra-long special treasury bonds in 2025 to support the implementation of large-scale equipment upgrades and consumer goods trade-in programs, said a government official at a press conference held in Beijing on Friday. Yuan Da, deputy secretary-general of the National Development and Reform Commission (NDRC), said the government would expand the scope of areas eligible for funding support, including electronic information, production safety and agriculture facilities. Consumers will receive subsidies to purchase three categories…