n  Says China fully stalled debt servicing of US$1.3 billion, would give new loans to under-developed states BEIJING, China – Chinese President Xi Jinping has called for global partnership in fighting Covid-19 challenge, promoting digital economy, strengthening the global governance through UN-centered international system and pursue more inclusive development; and improving the governance architecture for economic globalization. Addressing the …

CHINA ECONOMIC NET BEIJING, China – Beijing administration will develop high-end, precision and sophisticated industries with stronger efforts to achieve a modern economic system, Mayor Chen Jining said here. An action plan for the development of the 5G industry will be implemented, Chen said in his government work report delivered at the ongoing annual session of the municipal people’s congress. …

Big Data Valley to complete by 2020 58 excellent big data enterprises installed; big data enterprises reached 1632, annual prime operating revenue of reached RMB 100 billion in mere one year   GUIYANG, China – Amid tensions souring between world’s two major economic giants, China is fast implementing its plan to turn Guiyang, once an ignored and underdeveloped town, into …

Innovation is taking Chinese economy to new highs