Economy

Three Chinese ministries on Friday issued a two-year action plan to stabilize growth of the light industry, which is less capital-intensive and more consumer-oriented manufacturing of smaller consumer goods and…

The Undersea Data Center (UDC), the largest of its kind in the world, in Sanya, South China's Hainan Province, has been operating soundly for eight months since it entered commercial…

After a pause in June, the US Federal Reserve resumed its interest rate hikes on Wednesday and lifted its benchmark interest rate by 25 basis points to the 5.25-5.50 percent…

Interim hardships won't alter long-term growth: experts Major Chinese industrial enterprises reported smaller profit declines in June compared with the previous month, showing that the manufacturing sector is improving along…

World's first commercial onshore SMR to be ready by end-2025 The Linglong One, a multi-functional small modular and pressurized-water nuclear reactor (SMR), will be ready for operation in South China's…

The IMF said on Tuesday that China's underperforming recovery is dragging down the global economic recovery, despite keeping its forecast for China's GDP growth unchanged. While the IMF maintained its…

Chinese companies ramp up innovations to deflect assault The US Senate on Tuesday backed a bill that requires US companies to report their investments in certain Chinese technology sectors, including…