China has prohibited the foreign acquisition of the Manus project and ordered the parties involved to unwind the deal, the office overseeing the country’s foreign investment security review mechanism said on Monday. The decision was issued by the office under the National Development and Reform Commission, which stated that it barred the investment in accordance…
Over 360 exhibitors are showcasing latest products at the 16th China International Road Traffic Safety Products Expo held from April 22 to 24, 2026. [Photo provided to chinadaily.com.cn] The 16th China International Road Traffic Safety Products Expo closed on Friday in Nanjing, capital of Jiangsu province, highlighting the growing role of AI and intelligent systems…
An aerial image shows a wind farm off the coast of Fujian province on Jan 13. LI SHANCHUAN/XINHUA China secured stable domestic oil and gas supply in the first quarter, effectively cushioning external shocks from global geopolitical tensions, including conflicts in the Middle East, according to authorities. Output of crude oil and natural gas from…
Resale prices for a Labubu-themed refrigerator have surged to nearly twice its retail price even before its official debut, as collectible toy maker Pop Mart pushes deeper into consumer categories to expand business scope. Listings on Chinese secondhand marketplace Xianyu show the limited-edition fridge priced as high as 10,000 yuan ($1,465), compared with an official…
BEIJING — The number of overseas visitors claiming China’s instant tax refund surged 12.96-fold within one year after the policy’s nationwide rollout, the State Administration of Taxation said Monday. During the same period, both the sales of tax refund-eligible goods and the total instant tax refunds jumped 9.35-fold year-on-year, official data showed. As an upgrade…
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China’s Ministry of Culture and Tourism launched the nationwide 2026 May Day Culture and Tourism Consumption Week at a media briefing in Beijing on Monday,… Read More »China launches 2026 May Day Culture and Tourism Consumption Week
A Li Auto showroom is seen at the Huaxi Live Wukesong complex in Beijing in March 2026. [Photo by Li Fusheng/chinadaily.com.cn] Li Auto has signed partnership agreements with distributors in the Middle East and expanded its footprint in Asia Pacific, as the company steps up its global growth strategy. At a ceremony in Beijing on…
A new US listing registration by the Chinese securities regulator — the first in four months — signals that compliant channels for Chinese firms seeking to go public in the United States remain open, with authorities still in place to facilitate qualified listings, sources and experts said. The registration comes alongside the first penalty case…