BEIJING, March 6 (Xinhua) -- China will cut reserve requirement ratios (RRRs) and interest rates when appropriate this year in line with domestic and international economic and financial conditions as well as the performance of financial markets, the country's central bank governor said Thursday.
The average RRR for China's financial institutions now stands at 6.…
China will soon establish a national venture capital guidance fund in a bid to help innovative enterprises grow stronger, more competitive, and larger, Zheng Shanjie, head of the National Development and Reform Commission (NDRC), said at a press conference during the ongoing two sessions on Thursday.
Zheng made the remarks while elaborating the top economic planner's next steps to implement the tasks outlined in the Government Work Report submitted to the National People's Congress for deliberation on Wednesday.…
China has sufficient fiscal policy tools and ample flexibility to effectively respond to potential domestic and external uncertainties, Minister of Finance Lan Foan said at a news conference on Thursday.
China has opted for a more proactive fiscal policy this year, aimed at achieving annual targets and strengthening the drivers of medium and long-term development, Lan said during the ongoing annual session of the National People's Congress, the country's top legislature.…
BEIJING, March 6 (Xinhua) -- China will maintain exchange rate flexibility while strengthening expectation guidance and resolutely guarding against the risk of exchange rate overshooting, Pan Gongsheng, governor of the People's Bank of China, told a press conference on Thursday.…
Qinghai province has successfully reconciled power grids with bird conservation, thereby enhancing the local ecology in the process, says Wu Xiaojun, a deputy to the 14th National People's Congress, who is also Party secretary of Qinghai, at an open panel discussion in Beijing on Thursday.
Birds like nesting on trees.…
BEIJING, March 6 (Xinhua) -- The Chinese central government has sufficient reserve tools and policy space to address potential internal and external uncertainties, Finance Minister Lan Fo'an told a press conference Thursday.…
BEIJING, March 6 (Xinhua) -- President Xi Jinping on Thursday visited national political advisors attending a joint group meeting at the third session of the 14th National Committee of the Chinese People's Political Consultative Conference.
Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, joined the discussion of political advisors from the China Democratic League, the China Association for Promoting Democracy, and the sector of education.…
Jiang Yuanxun, a deputy to the National People's Congress, the nation's top legislature, has called for advancing the construction of a greater tea area in Wuyi Mountains, a UNESCO World Heritage Site with stunning scenery, rich culture, and famous tea in Fujian province, to promote the high-quality development of tea industry in the province.
Jiang, who is also the founder of Zheng Shan Xiao Hong Red Tea Industry Cooperative in Wuyishan city in Fujian province, said that in recent years, thanks to favorable policies from the Party and government, the Wuyi Mountains National Park has been well protected and developed.…
As the world grapples with geopolitical turbulence and economic uncertainty, China's commitment to innovative, open and sustainable development will not only advance its own prosperity but also contribute to a more interconnected and resilient world, said Nepal's Ambassador to China Krishna Prasad Oli.
Speaking after attending the opening of the third session of the 14th National People's Congress on Wednesday, Oli praised China's strategic priorities for 2025, as outlined in the Government Work Report, reinforcing its role as a driver of global growth.…
As China convenes its annual "two sessions" - the gatherings of the National People's Congress (NPC) and the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's legislative process has once again drawn global attention.
In China's legislative system, the NPC and its Standing Committee serve not only as the lawmakers but also as conduits for public sentiment.…
China's commitment to high-quality development and its efforts to foster "new quality productive forces" should contribute significantly to the government's common prosperity agenda, a goal that, if achieved, would be a "big win" for the world, according to an emeritus professor at Oxford University.
James Crabbe, a supernumerary fellow of Wolfson College, Oxford University, whose research spans biomedical and environmental sciences, has collaborated with Chinese scientists for two decades, loves reading Chinese literature, and follows the country's societal and economic development.…
BEIJING, March 5 (Xinhua) -- China's 2025 GDP growth target of around 5 percent, alongside the measures the country will implement to meet this goal, demonstrates its confidence and prowess in securing new achievements in high-quality development.
The world's second-largest economy will sustain its encouraging momentum and remain a key anchor in an uncertain global economic landscape.…
As China's top legislature and top political advisory body convene this week for their annual sessions, the global spotlight shifts to Beijing. The "two sessions" — the annual meetings of the National People's Congress (NPC) and the National Committee of the Chinese People's Political Consultative Conference (CPPCC) — commenced on March 5 and March 4, this year, respectively, providing a crucial insight into the nation's policy directions.…
China's policymakers are widely expected to roll out a potent one-two punch during the country's ongoing annual political event, in order to stimulate consumption, as tepid domestic demand and escalating US tariffs weigh on the recovery momentum of the world's second-largest economy, said national legislators, political advisers and economists.
To bolster the economy, the government is expected to set the country's deficit-to-GDP ratio at the highest level yet in the Government Work Report, which will be reviewed and deliberated by the National People's Congress during the two sessions, the annual meetings of China's top legislative and political advisory bodies, they added.…
China's economic fundamentals are stable, with many advantages, strong resilience and great potential, despite changes in internal and external environments and some challenges in economic operations, said Liu Jieyi, spokesperson for the third session of the 14th Chinese People's Political Consultative Conference (CPPCC) National Committee, China's top political advisory body, at a press conference on the session on Monday, one day before its annual session.
The remarks were made in response to a media question regarding views on the country's economy, with some claiming that the foundation for China's economic recovery is not yet solid.…
"Establishing a unified standard for psychological health education and promoting the standardization of psychological health education, such as standardizing curriculum settings, teacher staffing, and screening and assessment criteria, will all be included in my proposal regarding the psychological health education of primary and secondary school students," Mei Hing Chak, a member from Hong Kong Special Administrative Region (HKSAR) of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), told the Global Times on Monday, ahead of the third session of the 14th National Committee of the CPPCC.
Mei Hing Chak, also known as Zhai Meiqing, president of Heung Kong Group, told the Global Times on Monday that through her work and investigations, she found that the issue of primary and secondary school students' psychological health is becoming increasingly severe, with problems such as anxiety and bullying occurring from time to time, posing a threat to teenagers' healthy development and social stability.…
National political adviser Hu Jiangmei attends a meeting of national political advisers from ethnic minority groups at the third session of the 14th National Committee of the Chinese People's Political Consultative Conference in Beijing, March 6, 2025. (Wang Jing/chinadaily.…
A group meeting of deputies from the delegation of Guizhou Province is held at the third session of the 14th National People's Congress (NPC) in Beijing, capital of China, March 6, 2025. (Xinhua/Xu Bingjie)
A group meeting of deputies from the delegation of Guizhou Province is held at the third session of the 14th National People's Congress (NPC) in Beijing, capital of China, March 6, 2025.…
BEIJING, March 5 (Xinhua) -- China's economy maintained overall stable operation with progress in 2024, with the main goals and tasks for its economic and social development successfully accomplished, according to a government work report submitted Wednesday to the national legislature for deliberation. China targets an economic growth rate of around 5 percent in 2025, according to the report, which also outlines an array of other key development goals for this year, including a surveyed urban unemployment rate of around 5.…
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National political advisor Yang Yang speaks at a meeting of national political advisors from sports sector at the third session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) in Beijing, capital of China, March 5, 2025. (Xinhua/Yin Gang)
National political advisor Tao Luna speaks at a meeting of national political advisors from sports sector at the third session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) in Beijing, capital of China, March 5, 2025.…
Wu Xiande, a deputy to the 14th National People's Congress (NPC), speaks during a meeting of the delegation of Fujian Province at the third session of the 14th NPC in Beijing, capital of China, March 5, 2025. NPC delegations held meetings to deliberate the government work report on Wednesday afternoon.…
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The 14th National People's Congress (NPC), China's national legislature, opened its third session on March 5, 2025 at the Great Hall of the People in Beijing.
Premier Li Qiang delivered a government work report at the meeting.…
Chen Wei, chairman of YuCun, stresses the need for continuous technological innovation and its deep integration with industry. She calls for establishing long-term investment mechanisms and a fair market environment to support technology-driven enterprises, aiming to contribute to the development of China's digital economy.…
Chinese Premier Li Qiang delivered the government work report at the opening meeting of the third session of the 14th National People's Congress in Beijing on March 5.
Here are some key points from the report:
-- China targets economic growth of around 5 percent in 2025
-- Aiming to create over 12 million new urban jobs in 2025
-- Setting CPI growth target of around 2 percent for 2025
-- Adopting a more proactive fiscal policy.…
Yeung Tak Bun, Hong Kong deputy to the 14th National People's Congress, highlights the pivotal role of DeepSeek in lowering barriers to innovation. He emphasizes the potential for enhanced collaboration between Hong Kong and the mainland, leveraging its unique strengths to drive growth and development in the Greater Bay Area.…
Mark this date! March 4, 2025.
It is the date of the opening of this year's "Liang Hui", or "two sessions" in English.…
As China's annual "two sessions" approach, we interviewed locals and foreigners in Beijing to find out what topics they are most concerned about. "Two sessions" refers to the annual meetings of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC).…
Kenneth Fok Kai-kong, a deputy from Hong Kong to the National People's Congress (NPC), told Global Times in a group interview that he was "deeply touched" after listening to the government work report delivered at the third session of the 14th NPC. He stated that Hong Kong Special Administrative Region (SAR) will better utilize the advantages of "one country, two systems" to serve the overall development of the country, connect with the world in various fields, and play a bridging role.…
At 7 am on Feb 28, as the first group of tourists arrived at the peaks in the Huangshan Mountain Scenic Area, Hu Xiaochun, a deputy to the National People's Congress, put on a thick cotton coat, slung his tool bag over his shoulder, and headed toward an iconic pine on the Yuping Peak.
The ancient pine, over 1,000 years old, extends its branches on one side, resembling an outstretched arm welcoming visitors, hence its name Yingkesong, or the Guest-Greeting Pine.…
An aerial drone photo shows the construction site of the Huajiang Grand Canyon Bridge in Southwest China's Guizhou, Jan 14, 2025. (Photo/Xinhua)
The Huajiang Grand Canyon Bridge in Guizhou province, set to become the world's tallest bridge, is 95 percent complete, with installation of the bridge deck panels expected to finish by mid-March, a deputy to China's top legislature said during the ongoing two sessions.…
Huang Maoxing, a deputy to China's National People's Congress from Fujian province, has called for greater efforts to align domestic economic and trade practices with global standards, laying a solid foundation for a new open economic system.
Huang, who is also vice-president of the Fujian Academy of Social Sciences in Fuzhou, has submitted suggestions to the top legislature's annual session every year since 2018.…
Residents sit with community workers in a neighborhood square to discuss the problems they face in their daily lives in Nanning, Guangxi Zhuang autonomous region, in May. (Li Shurong/Xinhua)
After her suggestions related to new energy vehicles were addressed last year, national legislator Cao Jingfang plans to continue advocating for the people's interests in the automotive sector again this year.…
Zhang Junping, a community official with 20 years of experience, took on her role at Shanghai Kangcheng, the largest apartment complex in Shanghai, 13 years ago.
Through her unwavering dedication and the leadership team's efforts at the residential compound, the community, which accommodates 280 residential buildings and around 40,000 residents, has thrived as a place where inhabitants can quickly come together to work for a common goal.…
Editor's Note:
China's national "two sessions," the annual meetings of China's top legislature, the National People's Congress (NPC), and the top political advisory body, the National Committee of the Chinese People's Political Consultative Conference (CPPCC), are set to convene in Beijing this week. As a key political event shaping the country's policy direction, the annual sessions provide a prime opportunity for observers to gain a unique vantage point to witness the country's democracy in action.…
A visitor experiences an industrial internet system at the 2019 International Conference on Industrial Internet in Qingdao, Shandong province. (Photo/Xinhua)
Further efforts should be made to optimize the financing environment for China's high-tech manufacturing sector, said Li Dongsheng, founder and chairman of Chinese consumer electronics maker TCL Technology Group Corp.…
BEIJING, March 6 (Xinhua) -- China will cut reserve requirement ratios (RRRs) and interest rates when appropriate this year in line with domestic and international economic and financial conditions as well as the performance of financial markets, the country's central bank governor said Thursday.
The average RRR for China's financial institutions now stands at 6.
China will soon establish a national venture capital guidance fund in a bid to help innovative enterprises grow stronger, more competitive, and larger, Zheng Shanjie, head of the National Development and Reform Commission (NDRC), said at a press conference during the ongoing two sessions on Thursday.
Zheng made the remarks while elaborating the top economic planner's next steps to implement the tasks outlined in the Government Work Report submitted to the National People's Congress for deliberation on Wednesday.
China has sufficient fiscal policy tools and ample flexibility to effectively respond to potential domestic and external uncertainties, Minister of Finance Lan Foan said at a news conference on Thursday.
China has opted for a more proactive fiscal policy this year, aimed at achieving annual targets and strengthening the drivers of medium and long-term development, Lan said during the ongoing annual session of the National People's Congress, the country's top legislature.
As the world grapples with geopolitical turbulence and economic uncertainty, China's commitment to innovative, open and sustainable development will not only advance its own prosperity but also contribute to a more interconnected and resilient world, said Nepal's Ambassador to China Krishna Prasad Oli.
Speaking after attending the opening of the third session of the 14th National People's Congress on Wednesday, Oli praised China's strategic priorities for 2025, as outlined in the Government Work Report, reinforcing its role as a driver of global growth.
NPC delegations hold meetings to deliberate government work report/
Political advisors from sports sector meet at third session of 14th National Committee of CPPCC/
Ministers give interviews after NPC opening meeting/
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Press center opens for China's annual "two sessions"
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An NPC deputy's persisting bond with senior citizens through caregiving
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Minzhu Village's path to grassroots democracy
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China's State Council completes handling of proposals, suggestions in 2024
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