China’s latest catchphrase to describe its development is “new productive forces”. The term, coined by President Xi Jinping during his nationwide tour last year, is set to be enshrined in party documents and government policy blueprints in the coming years,...
Its last such evaluation was for 2020, when Korea was at 80.1 per cent and narrowly eked out China at 80 per cent.The rankings are evaluated every two years by reviewing academic papers and patents in 11 areas, including construction...
A proposal to double China’s tax-free allowance to 10,000 yuan (US$1,389) per month would “dare people to spend”, according to delegates at the ongoing “two sessions”, with boosting consumption seen as “key to a sustained economic rebound” this year.National People’s...
The first phase of the facility, which will be able to hold 6,000 cars when fully completed, is scheduled to be ready by the end of the year, Lam said in a radio interview.Secretary for Transport and Logistics Lam Sai-hung...
Tsang, who left the government in 2017, also argued Hong Kong must find revenue sources other than bond issuance to cover government spending and warned that the city had entered an “era of structural fiscal deficits”.Financial Secretary Paul Chan has...
The figure was then expected to range from HK$95 billion to HK$135 billion annually for the subsequent four years.The proposal aims to plug a shortfall in public finances, which are only expected to achieve a surplus in 2027-28.The deficit will...
In a reference to the American economist Walt Rostow’s stages of growth theory, the article said China is “in what Rostow calls a stage of high mass consumption, and the Chinese market has huge development potential and global appeal”.The previous...
The pure electric version of the C10 starts at 128,800 yuan (US$17,897), 17.3 per cent lower than the presale price of 155,800 yuan in January. It has a driving range of 410 kilometres.Robotic arms assemble cars at Leapmotor’s factory in...
“We have four models to sell in Hong Kong ranging from about HK$500,000 to HK$2 million. After the new tax regime is implemented in April, we’ll have only one model that allows buyers to enjoy the tax incentives,” salesman Chan...
The C919 narrowbody passenger plane and the ARJ21 regional jet, both produced by Comac, are being flown and displayed as part of a two-week marketing campaign that kicked off in Vietnam on Tuesday. Comac also intends to carry out flight...
