China's Q3 economy picks up pace, reinforcing role as global growth engine
China's GDP grew 4.5 percent year on year in the third quarter, higher than the second quarter's reading of 4.3 percent, supported by fast-growing new drivers and fresh policy support.
Macro
China grants approval to Citi for wholly-owned securities company in opening-up push
China's securities regulator on Friday approved Citigroup's plan to establish a wholly-owned securities company in the country, the latest step in the country's broader push to open the financial sector wider to foreign institutions.
In-depth
Economic Watch: China's "city of the future" builds hub for AI-powered one-person companies
The Chinese government issued an action plan in June for the growth of platform-economy enterprises, calling for accelerated cultivation of AI-powered OPCs. This month, the government proposed in another document to expand AI-related employment and create new models of employment and entrepreneurship in the AI sector.
moreEconomic Watch: China-Europe freight train trips top 140,000 as land corridor gains ground
The China-Europe freight train service passed 140,000 cumulative trips on Thursday, a milestone that underscores its role as a reliable logistics corridor for Eurasian trade, especially as geopolitical tensions and disruptions to traditional shipping routes challenge global supply chains.
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Markets
Overseas buyer attendance at first phase of China's Canton Fair hits record high
The first phase of the 140th China Import and Export Fair, also known as the Canton Fair, concluded its in-person exhibition on Monday, with overseas buyer attendance reaching a record high.
Payments rise as China's major shopping promotion season starts
China is seeing a spike in online payments as various online shopping platforms kick off the annual "Double 11" shopping festival.
