Banks in Guangdong launched a cross-border remittance service earlier this month, allowing Hong Kong seniors receiving portable cash assistance to have their allowance deposited directly into mainland bank accounts, clearing a key barrier for Hong Kong retirees settling in the province. Hong Kong’s Social Welfare Department (SWD) announced last week that eligible seniors may now…
Kan Wei Jin, legal representative of DNV (China) Co Ltd, said that as a foreign enterprise that has been rooted in Changning district in Shanghai for many years, it has experienced Changning’s consistent efforts in building a high-quality business environment. “What stands out most to us is the district government’s ability to understand business needs,…
People visit the exhibition area of Digital Technology during the Fourth China International Supply Chain Expo (CISCE) in Beijing, capital of China, June 23, 2026. [Photo/Xinhua] Throughout June, I traveled from Beijing to Urumqi in Xinjiang Uygur autonomous region to cover major trade events, including the fourth China International Supply Chain Expo and the ninth…
AI Global industrial chains and structures are constantly evolving, alternating between periods of relative stability and of profound disruption. Industrial restructuring refers to periods of accelerated change, such as the one currently underway. The forces behind such restructuring can broadly be divided into two categories: geopolitical competition and technological change. The two are closely intertwined,…
China’s second-quarter GDP deflator is likely to turn positive for the first time in more than three years, sending the clearest signal yet that the country’s price dynamics are improving, helping support corporate earnings and consumer confidence, analysts and executives said. The GDP deflator is a tool that is used to measure price changes of…
China will host the 2026 APEC Digital and AI Ministerial Meeting in Chengdu, Sichuan province, on July 23. [Photo provided to chinadaily.com.cn] China will host the 2026 APEC Digital and AI Ministerial Meeting in Chengdu, Sichuan province, on July 23, bringing together ministers from the Asia-Pacific’s 21 economies as artificial intelligence emerges as a key…
As part of China’s efforts to strengthen credit-based financial regulation and guard against financial risks, the National Financial Regulatory Administration issued trial regulations on the management of the list of entities with serious credit violations. The rules will take effect on Oct 1. An official at the NFRA said China’s top financial regulator formulated these…
A foreign tourist records with a Chinese-brand pocket camera at the Temple of Heaven Park in Beijing, May 2, 2026. [Photo/Xinhua] Foreign visitors to China are venturing well beyond the country’s gateway cities, with shopping hubs, border cities and inland destinations attracting growing numbers of overseas travelers as expanded visa waiver policies continue to boost…
China will impose a temporary ban on the export of helium under relevant provisions of its Foreign Trade Law, according to a statement issued by the Ministry of Commerce on Friday. Jointly announced by the Ministry of Commerce and the General Administration of Customs, this decision will take effect immediately and subsequent adjustments will be…
The People’s Bank of China said on Wednesday that it will continue to apply an appropriately accommodative monetary policy, following the latest quarterly meeting of its monetary policy committee, where the committee deliberated on the policy direction for the coming months. The country’s central bank will strengthen counter and cross-cyclical adjustments, better leverage the dual…