The Five-Year Plans for National Economic and Social Development, or the Five-Year Plans (FYP) in short, are a series of social and economic initiatives issued since 1953 in China to map the direction of future development, in which industrial restructuring serves as an indispensable part. ...[More]
It's not only restaurants and bars that have been taking advantage of Shanghai's new nighttime economy to boost revenues and recover from COVID-19. Exploring more diversified ways to profit, the bookstores are joining in by offering late-night reading desks for study and some printed entertainment as well. ...[More]
At the beginning of May, ships around the world sounded their horns as a gesture of support for hundreds of thousands of seafarers trapped at sea as a result of the COVID-19 pandemic. ...[More]
China's government departments' budgets for purchasing real estate have been slashed this year, including a 40 percent downsizing for investment, according to a statement released by the National Government Offices Administration on Wednesday. ...[More]
China will substantially reduce the negative list for foreign investment market access by the end of June and will release the negative list for cross-border services trade by the end of December, according to a document released by the State Council, China's cabinet, on Thursday. ...[More]
Dozens of vendors gathered along a 100-meter-long street in the Longquanyi District of Chengdu, southwest China’s Sichuan province, on the evening of May 29, standing behind booths or stalls and selling everything from clothes and shoes to fruits and local snacks. ...[More]
Shen Xiang, who is in charge of poverty alleviation work in the Xide county of Southwest China's Sichuan Province, turned on his computer at 9 am on Sunday and began a normal day of work, checking processes and new work guidelines from a superior administrative unit. ...[More]
China's autonomous driving industry is accelerating growth as the COVID-19 epidemic has increased market demand for driverless technology. ...[More]
China will set up a special transfer payment mechanism to ensure that newly increased fiscal funds this year will directly benefit businesses and people. ...[More]
Funds raised through special fiscal measures should be used to stabilize economic growth and ensure the smooth operation of primary-level governments and businesses, Finance Minister Liu Kun said on Monday. ...[More]