Chinese President Xi Jinping called employment a ‘most basic livelihood concern’, pledging to make youth employment a top policy priority.
China’s Ministry of Industry and Information Technology on Friday laid out a plan to make breakthroughs in emerging industries while preserving traditional manufacturing as a foundation.
Consumer trends could also reflect challenges for foreign brands that are trying to cash in on China’s huge middle class.
Report by China’s National Audit Office finds a wide range of problems in areas including social security benefits, credit allocation and local debt management.
Lottery ticket sales in China have surged, with many stores running out of stock, as young people seek a short cut to wealth amid the uneven post-pandemic economic recovery.
Zheng Xinli, a former researcher with China’s Communist Party, has advocated for robust incentives to spur consumption and buoy the country’s service sector, part of a plan to build up new economic growth drivers.
US has opened investigations into solar panel products from Southeast Asia to block a well-trodden tariff workaround used by Chinese manufacturers.