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People at risk of poverty or social exclusion in 2024

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China works to ensure fair competition for all market players

BEIJING — China’s newly adopted private sector promotion law underscores the country’s commitment to fostering an equitable competitive environment for all market participants, according to an official of the country’s top economic planner. Speaking on the latest episode of China Economic Roundtable, an all-media talk show hosted by Xinhua News Agency, Liu Min, deputy head…

151 004 multinational enterprise groups in EU and EFTA

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Wumart renders assistance to exporters

Shoppers browse products at Wumart’s renovated store in Beijing on Friday. WANG HAIXIN/FOR CHINA DAILY Wumart Group, a leading retailer based in Beijing, has begun introducing the first assortment of products sourced from exporting enterprises in its retail channel as part of a larger effort by retailers across the country to reduce inventory pressure on…

MPI strongly opposed to Pirelli board move

Marco Polo International Italy (MPI), a subsidiary of China’s Sinochem Holdings Corp Ltd, issued a statement expressing its deep disappointment and strong opposition regarding an assessment by Italian tire maker Pirelli’s board of directors concerning the company’s control structure. Pirelli’s board announced on Monday that it no longer has a controlling shareholder. MPI, however, contends…

Foreign visitors impressed by easier sales tax refunds

Foreign tourists shop at the Silk Street Market in Beijing on April 20. China unveiled a set of measures on Sunday to further optimize its departure tax refund policy. [CHINA DAILY] Anna Lanny, a 26-year-old tourist from Russia, was delighted to receive her tax refund on the spot after making purchases recently at the upmarket…

Shipping expands from Guangzhou to west coast of S. America

A container vessel loads cargo at Nansha Port in Guangzhou, Guangdong province, on Tuesday as the port launched its first direct shipping route to the west coast of South America. [QIU QUANLIN/CHINA DAILY] A shipping vessel docked at the Phase II Terminal of the Nansha Port in Guangzhou, the capital of Guangdong province, on Tuesday,…

Concept stores eye consumption bounce

The world’s first ‘Beijing gifts’ coffee concept store was unveiled on Tuesday. [ZHANG WEI/CHINA DAILY] Beijing is accelerating its transformation into a global consumption center by creating a globally attractive retail environment, with the city launching the world’s first “Beijing gifts” coffee concept store on Tuesday, as part of China’s latest moves to spur domestic…

Nation pledges to further bolster digital endeavors

A time tunnel effect is displayed at Guizhou province’s big data demonstration center in Guiyang. [Photo/Xinhua] China will ratchet up efforts to speed up the construction of digital infrastructure and deepen reforms related to the market-oriented allocation of data elements, while advancing the building of a “Digital China”, as the innovation of digital technologies has…

Macro measures to counter difficulties

An overseas buyer visits a porcelain area of the 137th China Import and Export Fair in Guangzhou, Guangdong province, April 23, 2025. [Photo/Xinhua] China’s economy will likely stabilize for the rest of the year despite mounting global uncertainties, economists said on Monday, adding that stronger macroeconomic adjustments and deepened reforms are needed to counter external…