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© Provided by Xinhua China has changed from being the factory of the world to being the largest marketplace in the world.CHICAGO, Nov. 2 (Xinhua) -- Wh

China's plan to expand and modernize its transport network will boost connectivity, the allocation of global resources, and trade across the globe, experts have said.   China recently unveiled a program called the "Global 1-2-3 Logistics Circle" to expand the country's strength in the transport sector over the next 15 years, setting long-term goals for the industry to develop a modern, high-quality and comprehensive national transport network.   The aim is for one-day domestic delivery of goods in China, two-day delivery from neighboring countries, and three-day delivery to major global cit...

2021-03-11 06:35:30 GMT2021-03-11 14:35:30(Beijing Time) Xinhua English CHICAGO, March 10 (Xinhua) -- The recent huge amount of debt-funded stimulus on the U.S. economy is far out of proportion for the economy's need and would result in an overheating of the economy, a U.S. scholar said here in an interview with Xinhua on Wednesday. "The total U.S. fiscal stimulus has surpassed the gross domestic product (GDP) of Germany, and its last stimulus alone represents nine percent of America's GDP in 2019. That is more than the U.S. economy can absorb productively," said Khairy Tourk, professo...

Sharp increases in China’s retail sales volume during the Lunar New Year holiday week in February indicates that China has become a linchpin of not only the global supply chain but also global consumer spending, said a US scholar. China saw strong holiday spending nationwide, including by rural households and in tier-3 and tier-4 cities, ...

Sharp increase in China's retail sales volume during its Lunar New Year week indicates that China has become not only a linchpin of the global supply chain but also a linchpin of global consumers spending, a U.S. scholar has said.