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Greater role for SOEs sought in eldercare

Senior citizens take rehabilitation training at an eldercare center in Rizhao, Shandong province. (Cai Yang/Xinhua) China should support capable State-owned enterprises, both centrally and locally administered, in developing community-based home care service systems, said a national legislator on Monday.

Shaanxi seeks collaboration of institutes, enterprises

Deputies from the delegation of Shaanxi province hold a meeting during the third session of the 14th National People's Congress in Beijing on Thursday. (Feng Yongbin/China Daily) Deputies from Shaanxi province to the National People's Congress have called for strengthening the role of enterprises as key drivers of innovation and deepening collaboration with local universities to advance the province's science and technology industries.

Targeted moves afoot for local govt debt relief

China will employ a package of targeted measures to further address local government debt this year, with a particular focus on accelerating the debt swap program, reforming local government financing vehicles, and curbing the accumulation of new hidden debt, officials and analysts said. With the debt-relief package — a multipronged adjustment to ease local government financing pressure — the country is better positioned to pursue the broader agenda of fostering economic stability and progress, they added.

China’s low-altitude economy set to take off in 2025, fueled by policy support

This photo taken on Nov. 13, 2024, shows exhibits related to low-altitude economy at Airshow China in Zhuhai, south China's Guangdong Province.

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