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Tech applications spur private firms’ rise

An aerial drone photo shows a photovoltaic farm as part of the Ningxia-Hunan ±800 kV ultra-high voltage direct current transmission project in Zhongwei, Northwest China’s Ningxia Hui autonomous region, June 29, 2025. [Photo/Xinhua] BEIJING — The life span of a standard photovoltaic cable is usually 15 years. However, it was only 8 years on western…

‘Vehicles plus supply chain’ key to Chinese automakers going global

BYD vehicles bound for Brazil await shipment in Lianyungang, Jiangsu province. [WANG CHUN/FOR CHINA DAILY] As Chinese automakers evolve from manufacturing hubs to global rule-setters, leveraging their mature intelligent new energy vehicle supply chains to empower local industries abroad becomes an important path to going global, experts have said. Zhang Yongwei, vice-president and secretary-general of…

Green, healthy lifestyle revolution boosts China’s consumer market

Tourists visit an alley in Yuzhong district, Southwest China’s Chongqing municipality, June 8, 2025. [Photo/Xinhua] BEIJING – With policy support and improving environmental awareness and growing health consciousness of the public, a green and healthy lifestyle revolution is gaining momentum in China, driving the growth of eco-friendly and healthy industries and unlocking new economic potential.…

China grants $3.08b QDII quota in financial opening move

BEIJING – The State Administration of Foreign Exchange has recently granted a total of $3.08 billion in investment quotas to eligible Qualified Domestic Institutional Investors (QDII) to meet the demand for overseas asset allocation, it said Monday. The move aims to further support QDII institutions in conducting cross-border investment activities in compliance with laws and…

Handset vendors expanding international sales

Visitors check out Honor’s booth at Mobile World Congress 2025 in Barcelona, Spain, on March 3. ZHAO DINGZHE/XINHUA Chinese smartphone vendors are ratcheting up resources to expand their presence overseas, despite external challenges, as they bet on the international market as key to building up their global brand cachet. Honor Device Co Ltd, for example,…

China-Laos Railway sees 8.8% cargo growth H1 2025

An international cargo train of China-Laos Railway is pictured at Wangjiaying West Station in Kunming, Southwest China’s Yunnan province, on Jan 2, 2025. [Photo/Xinhua] VIENTIANE – The China-Laos Railway transported 3 million tons of cargo in the first half of 2025, marking an 8.8 percent increase compared to the same period last year, the local…

Expert: China could consider consumption vouchers in the services sector

Jiang Zhao, associate researcher at the Chinese Academy of International Trade and Economic Cooperation, said during an exclusive interview with China Perspectives that the consumer goods trade-in policy has significantly boosted the growth of goods consumption. In the future, promoting service consumption through the distribution of consumption subsidies could serve as a key policy lever.…

China rolls out 10% tax credit for foreign investors reinvesting dividends

BEIJING – China’s finance, taxation, and commerce authorities on Monday unveiled a tax incentive granting foreign investors a 10 percent corporate income tax credit on direct domestic investments funded by dividends from Chinese resident companies. The measure, which takes effect from Jan 1, 2025 through Dec 31, 2028, allows unused credits to be carried forward…