Chinese Premier Li Qiang on Thursday stressed the importance of leveraging the stability and long-term growth of the domestic economy to cushion against global uncertainties, and of promoting the country's steady, long-term growth and high-quality development.

Chinese lawmakers are deliberating a draft of the country's first law specifically focusing on the private sector's development and protection, aiming to bolster the private economy through legal norms amid strategic reforms to optimize the business environment.

The International Monetary Fund (IMF) uses three key criteria to distinguish advanced economies from emerging markets and developing economies: per capita income level, export diversification and integration into the global financial system.

The idea of "new quality productive forces" stems from the urge to move beyond traditional economic growth paths and pursue high-tech, high-quality development. By using new quality productive forces to upgrade its industries, China is also creating new opportunities for foreign capital to grow. This can be understood through three key dynamics.

BEIJING, Oct. 14 (Xinhua) — An unusually strong statement from China's finance ministry, announcing the "strongest debt relief measures in recent years", has garnered significant attention both domestically and internationally.

China's latest efforts to promote trade-ins of home appliances will further stimulate consumer spending appetites, bolster consumption recovery and inject strong momentum into the country's economic growth, experts said.

"The EU's temporary anti-subsidy tariffs on Chinese EVs hinder mutually beneficial cooperation and obstruct the green and low-carbon transition," Schumann warned.

An aerial drone photo taken on June 20, 2024 shows a view of Purog Kangri Glacier in Shuanghu County, Nagqu, southwest China's Xizang Autonomous Region. (Xinhua/Tenzin Nyida)

The 20th Communist Party of China (CPC) Central Committee issued a communique at the end of its four-day third plenary session, which concluded Thursday.

Specialized courts play big role in advancing high-quality development

CHONGQING, May 23 (Xinhua) — A record high of 196 major projects were signed at the 6th Western China International Fair for Investment and Trade, which kicked off on Thursday, with projects from 12 countries and regions to be established in the western region of China.

Shanxi is promoting an industrial transformation campaign to upgrade its traditional coal mining and related heavy industries, as well as to diversify its economy by fostering emerging industries.

BEIJING, March 21 (Xinhua) — A Chinese central bank official said Thursday that the country had ample monetary policy space and options, and there was still room for further reserve requirement ratio (RRR) cuts.

The increase was driven by factors including exchange rate fluctuations and rising asset prices, according to the State Administration of Foreign Exchange (SAFE).