Chinese consumers' spending on dining, hotels and entertainment has surged more than 60 percent in the past three years because of increased overseas travel, a report said on May 14.
China will keep trying to boost imports as it seeks to achieve a trade balance, a senior trade official said on May 14.
In a departure from their predecessors, a new generation of Chinese migrant workers is showing a greater preference for working in manufacturing rather than in the construction industry.
Chinese domestic brands have penetrated their home market more fully than foreign competitors but have done less well overseas, a study found.
Container throughput at major Chinese ports has been on the upswing since March, indicating that foreign trade will keep growing in the months ahead and meet the government's targets this year, an industry expert says.
Retail markets in China in the first quarter have seen growth slow to 6.1 percent compared with 10.4 percent a year ago, showing that consumers are getting more selective in their daily purchases and purchase volumes are staying stagnant, according to Kantar Worldpanel, a global market research institution.
China has about 10.2 million units of empty housing, and that number could rise by 3 to 4 million a year, according to Credit Lyonnais Securities Asia Ltd.
Commercial banks should set mortgage rates at "reasonable" levels and grant housing loans more quickly, especially for first-time buyers, the People's Bank of China says.
Twin 280-meter towers, seeming to grow taller by the day at a construction site in Kashgar, are expected to transform the ancient trading hub in Xinjiang Uygur autonomous region.
Xianu Mijit's house is an intriguing mix of old and new.
"In the shadow of China's recent sharp export declines, Chinese companies need to attach more importance to upgrading their products and building brands."
Food and beverages Tighter rule on infant formula imports
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