A milestone for China and world economy

Aerial photo taken on Aug. 27, 2019 shows cargo ships at a wharf of Wenfeng port in the China (Hebei) Pilot Free Trade Zone Caofeidian area in north China's Hebei Province. (Xinhua)

With its GDP approaching 100 trillion yuan (14.55 trillion U.S. dollars) and GDP per capita exceeding 10,000 U.S.dollars last year, China has marked a new economic milestone that also bears great significance to the rest of the wor ...

China's Retail Sales up 8 percent in 2019

China's retail sales of consumer goods, a major indicator of consumption growth, rose 8 percent year on year in 2019, the National Bureau of Statistics (NBS) said Friday. Sales of the consumer goods totaled some 41.16 trillion yuan (about 5.99 trillion U.S. dollars) last year. In December, the indicator rose 8 percent year on year. Retail sales in rural areas rose 9 percent, outpacing the 7.9-percent expansion in urban ...

Several economic indicators signal positive outlook

hina's economy has shown positive changes in production, consumption, market expectations and prices, indicating that the world's second-largest economy is stable and resilient in the face of headwinds and is laying a solid foundation to counter downward pressure, officials and experts said.

In December, the country's growth in industrial output, retail sales and foreign trade accelerated. Surveys of p ...