Three central government agencies introduced a new duty-free policy on Thursday that allows residents of the Hainan Free Trade Port to purchase imported consumer goods tax-free, a move aimed at boosting the port’s development and easing local living costs. The Ministry of Finance, the General Administration of Customs, and the State Taxation Administration jointly issued…
China’s photovoltaic industry is poised to enter a higher phase of quality-oriented growth, driven by a strategic transition from a price-based competition to a paradigm in which leading enterprises leverage their core advantages in technology and scale to maintain global competitiveness, said industry experts. As the sector prepares to bid farewell to export tax rebates,…
China’s official gold reserves rose in January despite an increase in gold prices, extending a 15th consecutive month of buying streak, as the country continued to diversify and optimize its international reserves, official data showed on Saturday. Gold reserves stood at 74.19 million ounces at the end of January, up 40,000 ounces from a month…
Meituan, a major Beijing-based delivery and lifestyle services company, said on Thursday it has agreed to buy 100 percent of the China business of fresh-food, instant-retail platform Dingdong Maicai for an initial consideration of about $717 million, as the company looks to bolster its position in China’s fast-growing same-day grocery segment. The transaction, which was…
In a move to fend off financial risks, China clarified its regulatory stance on onshore entities’ overseas activities related to virtual currencies, including stablecoins, bringing these activities under strict oversight while reaffirming its stringent ban on such onshore activities. The People’s Bank of China, together with the China Securities Regulatory Commission and six other central…
A merchant (left) from Tashkent shows customers building materials from Guangyuan, Sichuan province at his store in the capital of Uzbekistan on Dec 12. XINHUA China became the largest trading partner of Central Asian countries in 2025, with two-way trade reaching a record amount, a shift driven by expanding cooperation and closer regional ties, experts…
Amid mounting challenges such as tariff barriers, technology restrictions and heightened geopolitical uncertainty, China-US trade is undergoing a gradual adjustment, with market watchers and business leaders saying that bilateral trade flows are showing signs of a slow recalibration and becoming more structurally complex, rather than moving toward full-scale decoupling. They noted that the growth of…
A merchant (left) from Tashkent shows customers building materials from Guangyuan, Sichuan province at his store in the capital of Uzbekistan on Dec 12. XINHUA China became the largest trading partner of Central Asian countries in 2025, with two-way trade reaching a record amount, a shift driven by expanding cooperation and closer regional ties, experts…
Sony Group Corp raised its annual operating profit forecast for fiscal year 2025 on Thursday, following a 22 percent year-on-year increase in third-quarter operating profit. The Japanese tech giant reported steady performance in the third quarter of the 2025 business year, with sales reaching 3.71 trillion yen ($26.5 billion), a 1 percent year-on-year increase, and…
China will provide more robust policy support to boost the consumption of services, officials and experts said, pointing to a structural shift in domestic demand, where spending on services is increasingly becoming a primary driver of consumption. “China has put forward sector-specific measures, such as relaxing market access, removing unjustified restrictions, fostering quality market players,…