The economy

Tencent ramps up efforts to develop new infrastructures

Since Tencent first announced its strategic upgrading and restructuring in 2018, the tech giant has been working to develop new infrastructure projects, so as to “embrace the industrial internet while maintaining its roots in the consumer internet.”

China's solid economy still intact, says NDRC official

China has the capability, confidence and determination to continuously promote steady, healthy and sustainable economic development despite disruptions from the COVID-19 outbreak, the nation's top economic regulator said on Friday.

China to enhance financial support to ensure employment

China's central government will set aside 53.9 billion yuan (about 7.6 billion U.S. dollars) of employment subsidies this year amid efforts to ensure employment, according to a draft budget report submitted Friday to the national legislature for deliberation.

Central gov't to support HK, Macao in developing economies, improving living standards

The Chinese central government will support the country's Hong Kong and Macao special administrative regions in developing the economies and improving living standards, said a government work report submitted Friday to the national legislature for deliberation.

China's 'two sessions' to secure nation's 'Xiaokang' victory

​China on Thursday raised the curtain for its annual political high season after an over-two-month postponement as the country has turned the tide on the COVID-19 epidemic.

New infrastructure spending may reach 17.5 trln yuan

​China's investment in new infrastructure such as 5G networks and data centers may reach 17.5 trillion yuan (about 2.47 trillion U.S. dollars) for the 2020-2025 period as local regions ramp up spending in the sector, Shanghai Securities News reported Thursday.

China to facilitate int'l e-commerce forex settlement

China announced Wednesday eased rules on foreign exchange settlement and purchases amid efforts to support cross-border e-commerce and other new trade industries.

China pushes for regular prevention, accelerating economic recovery

Chinese authorities on Wednesday called for efforts to improve regular prevention and control measures to prevent COVID-19 from rebounding and accelerate the resumption of life and work.

China's economic, social fundamentals remain stable

​The fundamentals of China's economic and social development have remained stable despite unprecedented impact of the COVID-19 epidemic, a spokesman for the annual session of the country's top political advisory body said Wednesday.

China to steadfastly advance opening up: Spokesperson

China will unwaveringly advance reform and opening up and ease market access, a spokesperson for the annual session of the country's top political advisory body said Wednesday.