BEIJING, March 17 (Xinhua) -- On March 5, Chinese President Xi Jinping re-emphasized the necessity for the country to put into practice the new development philosophy, calling it the path that must be taken to develop China into a strong nation in the new era.'As long as we apply the new development philosophy in full, in the right way and in all fields of endeavor, accelerate efforts to create a new development pattern, promote high-quality development and speed up strengthening our country's science and technology capacity, we will definitely be able to consistently improve the compe...
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BEIJING, March 16 (Xinhua) -- The financial stability and development committee under China's State Council held a meeting on Wednesday, urging measures to keep the country's major economic indicators within an appropriate range and maintain stable operation of the capital market.The meeting was presided over by Vice Premier Liu He, also head of the committee and a member of the Political Bureau of the Communist Party of China (CPC) Central Committee.Concrete actions must be taken to bolster the economy in the first quarter, the meeting said, noting that monetary policy should take the...
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BEIJING, March 16 (Xinhua) -- China continued to see a generally stable housing market in February, with home prices in 70 major cities showing slight month-on-month increases, official data showed Wednesday.New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- rose 0.5 percent month on month in February, compared with a 0.6-percent increase registered in January, according to data from the National Bureau of Statistics (NBS).Prices of second-hand homes in the four cities gained 0.5 percent, up 0.4 percentage points from the growth in January.New home prices...
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BEIJING, March 15 (Xinhua) -- China is leading the world in building infrastructure of 5G networks, and especially utilizing the technology in factories, coal mines, shipyards and warehouses, said an article published by The Wall Street Journal on Sunday.'The country is widely seen as being out front in the deployment of localized, high-powered 5G networks in sprawling industrial sites, which aim to use the technology to help automate labor-intensive or dangerous industrial processes, and hopefully boost productivity,' said the article.'These sites include 5G coal mines with remote...
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WASHINGTON/CHICAGO, March 14 (Xinhua) -- The Chinese economy is in 'excellent shape,' and the China-proposed Belt and Road Initiative (BRI) has lived up to its expectations, an economist told Xinhua recently.During a virtual interview, Khairy Tourk, a professor of economics at the Chicago-based Illinois Institute of Technology, said China's economic growth target of around 5.5 percent for 2022 is 'very realistic' and that there is a possibility that China might overshoot the number, 'judging by the country's past record of predicting future growth rates.''We...
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