News
Capital market diversifying households' asset allocation
3+ hour, 1+ min ago (344+ words) China's A-share market has opened 2026 on a positive note. Record turnover, buoyant sentiment and a sharp rally in technology-related segments have propelled the Shanghai Composite Index to above 4,100 points, a 10-year high. Global investment bank UBS sees MSCI China Index's…...
American consumers paid higher prices in December for food and rent
10+ hour, 33+ min ago (692+ words) Americans paid more for consumer goods at the end of the year, with data released by the Bureau of Labor Statistics showing prices were 2.7 percent higher in December compared with December 2024, driven by stubborn inflation and the cost of housing....
European banks slam attacks on Fed boss
12+ hour, 51+ min ago (425+ words) The heads of several European central banks have joined criticism of United States President Donald Trump's administration over its threat to indict Federal Reserve Chair Jerome Powell. With lawmakers from Trump's Republican Party, including members of the Senate Banking Committee,…...
Economy remains stable, resilience set to persist
2+ day, 12+ hour ago (260+ words) Against the backdrop of subdued growth expectations across most major economies, the alignment between external upgrades and domestic policy direction points to a shared judgment that China's economy remains broadly stable, with its resilience set to persist. As the drag…...
Boosting investment, consumption twinned tasks
3+ day, 16+ hour ago (286+ words) Editor's note: Boosting domestic demand is high on China's economic agenda for the next five years. Wang Yiming, vice-chairman of the China Center for International Economic Exchanges, spoke to People's Daily about what should be done to stimulate both investment…...
China's consumer inflation hits nearly three-year high
6+ day, 10+ hour ago (413+ words) China's consumer inflation accelerated at its fastest pace in nearly three years in December, while the decline in factory-gate prices narrowed, official data showed on Friday. The country's consumer price index, the main gauge of inflation, rose by 0.8 percent year-on-year…...
Balanced trade — China's unremitting pursuit
1+ week, 5+ day ago (600+ words) A range of preferential trade policies newly enacted by Chinese authorities have sent an unequivocal message that China means business when it comes to boosting imports and pursuing balanced trade, which has multiple far-reaching influences that benefit the world. As…...
Spending of 1.4b consumers: China's new domestic demand engine
1+ week, 6+ day ago (125+ words) Spending of 1.4b consumers: China's new domestic demand engine'China Daily Spending of 1.4b consumers: China's new domestic demand engine As global demand slowed and trade frictions intensified, China made it a priority to fully unleash the potential of its ultra-large domestic market....
RMB's trending dollar ratio reflects rising confidence in country's assets
2+ week, 1+ day ago (421+ words) On Thursday, the offshore renminbi strengthened past the 7.0 level against the dollar for the first time since September 2024. As of Monday, the offshore renminbi had appreciated by about 4.5 percent against the dollar this year, the biggest gain since 2020. These gains,…...
HK growth seen edging above 3% for 2025
2+ week, 2+ day ago (405+ words) The Hong Kong Special Administrative Region is expected to post an economic growth rate above 3 percent for 2025, supported by the resilient export sector and the nascent recovery of domestic consumption, experts said. Hang Seng Bank has raised the GDP forecast…...