In 2021-2024, the contribution of domestic demand to China's economic growth averaged 86.4%.

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Source: People's Republic of China – State Council News

BEIJING, July 9 (Xinhua) — China's economy maintained an average annual growth rate of 5.5 percent from 2021 to 2024, with domestic demand contributing 86.4 percent to the country's economic growth, Yuan Da, secretary-general of the National Development and Reform Commission (NDRC), said at a press conference on Wednesday.

Yuan Da noted that during the above-mentioned period, the contribution of consumption to China's economic growth averaged 56.2 percent, which is 8.6 percentage points more than during the 13th Five-Year Plan period (2016-2020). -0-

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China's Ministry of Commerce Adds 8 Taiwanese Business Entities to Export Control List /detailed version-1/

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Source: People's Republic of China – State Council News

BEIJING, July 9 (Xinhua) — China's Ministry of Commerce on Wednesday announced it has added eight economic entities from the Taiwan region of China to an export control list.

The entities intentionally collaborated with separatist forces advocating for "Taiwan independence," a ministry spokesman said.

The decision was made to protect national sovereignty, territorial integrity, as well as peace and stability in the Taiwan Strait, and in accordance with Chinese laws and regulations, the spokesman said.

The export of dual-use items by these 8 economic entities will be prohibited, the ministry representative said, stressing that no exporter should violate the above-mentioned control measures. -0-

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Three killed in Houthi attack on cargo ship in Red Sea

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Source: People's Republic of China – State Council News

Aden, Yemen, July 9 (Xinhua) — Three sailors were killed and two others were wounded when Yemeni Houthi militants attacked a Liberian-flagged cargo ship in the Red Sea, a Yemeni navy spokesman told Xinhua on Tuesday.

The official, speaking on condition of anonymity, said Houthi militants attacked the Greek-owned vessel Eternity C at 20:00 local time /1700 GMT/ on Monday in the Red Sea, just hours after the group claimed responsibility for the sinking of another ship, the bulk carrier Magic Seas.

The official said Houthi militants boarded the Eternity C in an attempt to seize the vessel, sparking violent clashes with the ship's crew that left three sailors dead and two others wounded.

The collision caused significant damage to the ship's turret, leaving the vessel adrift and the surviving crew members forced to abandon ship, the official said.

The latest incident was the second major attack since the Houthi group claimed to have sunk the Magic Seas, also a Liberian-flagged vessel.

The Magic Seas was carrying about 17,000 metric tons of ammonium nitrate, a chemical commonly used in the production of fertilizers and explosives, a Yemeni official said.

Houthi military spokesman Yahya Saria said on Monday that the attack on the Magic Seas was in response to the shipowner's "repeated violations" of a Houthi ban on entering Israeli ports.

The Houthi group has so far made no statements or comments regarding the Eternity C attack. –0–

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China's economy is capable of withstanding any external shocks – Premier of the State Council of China

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Source: People's Republic of China – State Council News

RIO DE JANEIRO, July 9 (Xinhua) — China's economy is fully capable of withstanding any external shocks and achieving long-term stable growth, Chinese Premier Li Qiang said on Tuesday.

Speaking at a symposium for Chinese-invested enterprises operating in Brazil, Li Qiang said that since the beginning of this year, the Chinese economy has withstood the pressure and maintained a stable and positive dynamic.

Symposium participants included heads of local branches of Bank of China, Great Wall Motor, State Grid, Goldwind Sci

After listening to the speeches, Li Qiang noted that in recent years, Chinese enterprises have accelerated their pace of entering the international market and improved their international operations capabilities, playing an increasingly important role in stimulating the domestic economy.

Li Qiang said the first half of the year showed China's economic growth was resilient, with domestic demand buoyant and innovation highlights.

Noting that China's economy will always provide firm support to Chinese companies operating overseas, the premier said the government will provide enterprises with better services and guarantees, strengthen the establishment of various mechanisms and platforms for economic and trade cooperation, and improve the overseas one-stop service system.

Li Qiang added that more active policy support will be provided in areas such as policy advice, financing, credit insurance and security to create a better environment for enterprises and promote their development.

The current global economic and trade landscape is undergoing profound changes due to the rise of unilateralism and protectionism, as well as increasing trade and investment barriers, the Prime Minister noted. At the same time, a new wave of technological revolution and industrial transformation is underway, creating both challenges and opportunities for businesses, he added.

Li Qiang expressed hope that Chinese companies can adapt to this trend and take proactive actions. They should build strong brands, strengthen planning, and enhance the global competitiveness of the "Made in China" and "Created in China" brands, he added.

It is important to deeply explore local markets, providing consumers with more products and services in line with market demand, Li Qiang said. He said Chinese companies should use Brazil as a platform to enter the wider Latin American market and strive for greater development.

The Premier noted that Chinese enterprises should respect local laws, regulations and cultural traditions, operate in accordance with legal requirements, actively fulfill social responsibilities and strive to build a responsible image.

The symposium participants said that Chinese enterprises will give full play to their strengths and characteristics, expand cooperation, effectively respond to various challenges, take root locally, and remain committed to operating in accordance with laws and regulations.

They also promised to continue to expand their presence in areas such as finance, energy, agriculture and scientific and technological innovation, maintain a positive image of Chinese enterprises abroad, promote closer economic and trade ties between China and Brazil as well as other Latin American countries, and achieve win-win results. –0–

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China's energy consumption per unit of GDP fell 11.6 percent in the first four years of the 14th Five-Year Plan

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Source: People's Republic of China – State Council News

BEIJING, July 9 (Xinhua) — China's energy consumption per unit of GDP fell by 11.6 percent in the first four years of the 14th Five-Year Plan (2021-2025), Zheng Shanjie, head of the National Development and Reform Commission (NDRC), said Wednesday.

According to Zheng Shanjie, the reduction in this figure is equivalent to reducing carbon dioxide emissions by 1.1 billion tons, which is almost 50 percent of the total carbon dioxide emissions in the European Union in 2024.

"China's actions have fully demonstrated its capacity as a responsible country," Zheng Shanjie said.

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China's CPI rose 0.1 pct in June 2025 /detailed version-1/

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Source: People's Republic of China – State Council News

BEIJING, July 9 (Xinhua) — China's consumer price index (CPI), a key measure of inflation, increased 0.1 percent year on year in June 2025, the National Bureau of Statistics (NBS) said Wednesday.

In particular, last month the CPI rose 0.1 percent year-on-year in urban areas but fell 0.2 percent year-on-year in rural areas.

On a monthly basis, June's CPI fell by 0.1 percent, the data showed.

According to the State Statistical Service, in the first half of this year, the CPI in the country decreased by 0.1 percent compared to the same period last year. -0-

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China's economic growth estimated to exceed 35 trillion yuan during 14th Five-Year Plan period: official

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Source: People's Republic of China – State Council News

BEIJING, July 9 (Xinhua) — China's economic growth is estimated to exceed 35 trillion yuan (4.89 trillion U.S. dollars) during the 14th Five-Year Plan period (2021-2025), Zheng Shanjie, head of the National Development and Reform Commission (NDRC), said at a press conference on Wednesday. -0-

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D. Trump signals new sanctions against Russia

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Source: People's Republic of China – State Council News

LOS ANGELES, July 8 (Xinhua) — U.S. President Donald Trump said on Tuesday that he has approved sending additional weapons to Ukraine and is considering imposing new sanctions on Russia.

“We are sending some defensive weapons to Ukraine, and I have approved that,” Trump said during a cabinet meeting at the White House.

He also expressed dissatisfaction with Russian President Vladimir Putin. “I am not happy with Putin. I can tell you that right now,” Trump said, noting that Russian and Ukrainian soldiers are dying in the thousands.

Trump says he is considering supporting a bipartisan Senate bill that would impose sweeping sanctions on Russia. –0–

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60 Palestinians killed in Israeli strikes on Gaza – sources

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Source: People's Republic of China – State Council News

GAZA, July 9 (Xinhua) — At least 60 Palestinians, including six freed prisoners and a medical worker, were killed in Israeli airstrikes and shelling in the Gaza Strip on Tuesday, Palestinian sources said.

Six people were killed in Israeli shelling of two tents housing displaced persons in Khan Younis in southern Gaza and the town of Al-Zawayda in the central part of the enclave, Gaza Civil Defense spokesman Mahmoud Bazal told Xinhua.

Hamas said in a press statement that the six were prisoners released from Israeli jails and deported from the West Bank to Gaza.

According to M. Bazal, in western Gaza City, an Israeli airstrike on a Palestinian gathering in the Rimal area killed six people, including two children and two women, while an Israeli airstrike on a house in the Tal al-Hawa area killed four, including a baby.

Five people were killed in an Israeli airstrike on a house in al-Tuffa in eastern Gaza City. Three others were killed when an Israeli drone bomb hit a residential neighborhood in the al-Zeitoun neighborhood in southern Gaza City, Bazal said. He said two people, including a child, were killed in Israeli bombing of the al-Tuffa and Sheikh Radwan neighborhoods.

A car bombing in the city of Deir el-Balah in the heart of the Palestinian enclave killed two more people, he added.

Meanwhile, the Nasser Medical Complex said in a brief press statement that 25 Palestinians had been killed since dawn on Tuesday in separate airstrikes on the al-Mawasi area in western Khan Younis.

According to Palestinian medical sources, a medical worker was also killed while on duty as a result of Israeli shelling in the same area.

Six Palestinians, including three children, were killed in Israeli shelling near a US-backed aid distribution centre in the northern town of Rafah in the southern enclave, sources said.

The Israeli side has not yet commented on these incidents. –0–

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8th Cross-Strait Youth Development Forum to Be Held in Zhejiang Province

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Source: People's Republic of China – State Council News

BEIJING, July 9 (Xinhua) — The 8th Cross-Strait Youth Development Forum will be held in east China's Zhejiang Province from July 10 to 15, Chen Binhua, spokesperson for the Taiwan Affairs Office of the State Council, said Wednesday.

Hong Xiuzhu, former chairman of the Kuomintang Party and chairman of the board of directors of the Taiwan-based China Qingyan Peace and Education Foundation, will attend the forum, Chen Binhua said. -0-

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