New productive forces reshape China's economic landscape
State-of-the-art intelligent connected vehicles, bleeding-edge quantum computers and futuristic industrial robots -- these are some examples of where China aspires to seek new sources of growth amid economic challenges.
Macro
Chinese provinces plan to support emerging, future industries in 2024
Numerous Chinese provinces have mapped out blueprints to beef up support for tech-intensive industries and foster new growth momentum or "new productive forces" that feature innovation, high-quality and advanced productivity.
In-depth
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Economic Watch: China's travel boom buoys global expectations
Looking ahead, 2024 will be a big year for China's tourism industry, which will enter "a new prosperous cycle," according to the China Tourism Academy.
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Economic Watch: Gold sales boom before Spring Festival despite price hike
Chinese people traditionally open their wallets before or during the Spring Festival, buying costly items such as gold to convey good wishes for the new year. Sales figures indicate that the gold consumption frenzy has not been prevented by gold price hikes.
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Industries
Chinese carmaker FAW Group reports robust sales in January
China's leading automaker FAW Group Co., Ltd. reported surging vehicle sales in January, getting the company off to a good start for 2024.
McDonald's seeks to expand in lower-tier cities in China
Global fast food chain McDonald's seeks to continue its expansion and plans to open 1,000 restaurants in China in 2024, according to Bloomberg News.
