Three inland provinces were the mainstay of rising domestic consumption in China during the first three months of this year and the momentum is set to continue on the back of friendly policies, tax reforms and steps to boost innovation, officials said.
The Chinese economy is projected to grow steadily this year, with full-year GDP growth rate likely to reach 6.4 percent year-on-year, investment bank JPMorgan said on Tuesday.
China is stepping up its efforts to develop the industrial internet to foster new growth drivers and promote high-quality economic development, officials from the Ministry of Industry and Information Technology said on Tuesday.
"New first-tier cities" like Hangzhou in Zhejiang province, Chengdu in Sichuan province and Nanjing in Jiangsu province have become popular destinations for talent in the past three years, a new report said.
China's gold market is one of the most transparent and regulated on the globe and should be the model of what the rest of the world should look up to, said industry experts.
Gold consumption in China reached 286.93 metric tons during the first quarter, up 0.69 percent year-on-year, against the backdrop of cuts in gold production by China planned for the first six months of this year, according to the China Gold Association.
Editor's Note: The Second Belt and Road Forum for International Cooperation was held in Beijing from April 25 to 27. China Daily interviewed top business executives from well-known multinational companies for their views and suggestions on the initiative.
Activity in China's services sector further improved in April, with exports rising at a fast clip, a private business survey showed on Monday, pointing to healthy momentum for the rest of the year.
China's burgeoning e-commerce sector received a "fresh" boost from the longer-than-usual May Day holidays, with millennials and high-quality brands being the growth boosters.
China has officially started a program to export used vehicles, which analysts said will help meet growing demand for mobility and transport in emerging markets and speed up the country's efforts to improve its secondhand vehicle trade system.
China's efforts to reduce the barriers for hukou or household registration will encourage the free flow of people in the nation, and should not be construed as attempts to ease curbs on the real estate sector, the country's top economic regulator said on Monday.
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