In recent years, there has been an influx of online fast-fashion retailers, including Shein and Temu. According to more than 10 fast-fashion industry sources, the polluting e-commerce brands have upended the global air cargo industry, increasingly using limited air cargo space to attract more consumers with rapid transit and delivery times. An investigation, which sourced … Read more
This photo taken on February 21, 2024, shows an employee working on a new energy vehicle assembly line at a BYD factory in Huai’an, in China’s eastern Jiangsu province. | Photo Credit: AFP As the annual meeting of China’s Parliament approaches next month, its leaders are facing the greatest pressure in almost a decade to … Read more
Addressing China’s top group on systemic reform, President Xi Jinping has called for the country to stay laser-focused on breaking down institutional impediments that stand in the way of nationwide modernisation efforts. And some China-watchers say Monday’s meeting could also signal that preparatory work is well under way for the 20th Central Committee’s reform-themed third … Read more
In January this year, for the first time in more than 14 years, China’s consumer prices fell at their steepest pace. According to official data published by the National Bureau of Statistics, the consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023. The steep drop in January … Read more
BEIJING: China has replaced the head of its securities regulator, the official Xinhua news agency said on Wednesday (Feb 7), as policymakers struggle to stabilise the country’s main stock indexes after a plunge to five-year lows. The cabinet removed Yi Huiman as chairman of the China Securities Regulatory Commission (CSRC), replacing him with Wu Qing, … Read more
Top priorities will include party discipline and cohesion, according to a statement issued after the meeting, though “high-quality development” was also emphasised. National security and upholding unity under the party and central government’s leadership remain the most crucial goals, while other matters such as youth employment and economic rejuvenation seem to rank lower, observers and … Read more
HIDDEN GEMS AND INSTAGRAM-WORTHY ATTRACTIONS Social media has played a big role. Entertained by the “southern potatoes,” a nickname given to tourists wrapped in layers of winter clothes, locals offered visitors free rides across the city. The government installed small, warm houses as well as an artificial moon above a local Russian Orthodox Church, to provide … Read more
The world’s second-largest economy is widely expected to again aim to achieve GDP growth of around 5 per cent for this year, after having posted 5.2 per cent year-on-year growth in 2023. During a symposium on Wednesday to solicit opinions on the drafting of the annual work report, Li and Executive Vice-Premier Ding Xuexiang heard … Read more
The president’s chief of staff has urged propaganda officials to talk up China’s economic prospects, part of efforts to boost public confidence amid a slowdown. Cai Qi made the remarks at an annual gathering of the nation’s propaganda chiefs in Beijing on Wednesday, state news agency Xinhua reported. “[We should] continue to strengthen positive publicity … Read more
But new industries had to be ready before older ones were phased out so the country’s economic recovery could be consolidated and long-term economic stability reached. 11:11 The reasons behind China’s high youth unemployment rate The reasons behind China’s high youth unemployment rate Throughout the address carried by all state broadcast media, the president painted … Read more
