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Businesses upbeat over Sino-US tariff respite

This photo taken on April 30, 2025 shows trucks at a cargo dock of Qingdao Port in Qingdao, East China’s Shandong province. [Photo/Xinhua] Business groups and economists have welcomed the tariff adjustment measures announced by China and the United States on Monday, expressing the hope that the 90-day triple-digit tariff respite will allow both countries…

Trade event to fuel cooperation between Linyi, Uzbekistan

A Linyi-Uzbekistan economic and trade fair was held on May 11 in Tashkent, Uzbekistan, serving as an important exchange platform for trade and enterprise representatives from both sides. During the fair, Linyi in East China’s Shandong province introduced a comprehensive digital service platform of the Linyi Trade City. In addition, several cooperation agreements involving procurement,…

China charging ahead in computing power

A futuristic model of an intelligent connected vehicle is on display at the 8th Digital China Summit in Fuzhou, Fujian province, on April 28. WANG WANGWANG/FOR CHINA DAILY At the 8th Digital China Summit held in Fuzhou, Fujian province, from April 29 to 30, the spotlight shone brightly on China’s accelerating artificial intelligence revolution. A robotic…

RRR cut to spur further monetary easing

Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Xinhua] China’s upcoming reduction in the reserve requirement ratio to zero for certain financial institutions has potentially unlocked substantial scope for further monetary easing, with another cut to the RRR likely in the second half of the year, analysts…

Services consumption to underpin economic growth

Tourists visit the Puyuan Fashion Resort in Puyuan town of Tongxiang city of Jiaxing, East China’s Zhejiang province, May 12, 2025. [Photo/Xinhua] As external uncertainties continue to escalate, consumption, particularly in the services sector, is poised to assume an increasingly important role in underpinning the Chinese economy this year, analysts said. A high-level meeting convened…

Mutual benefit, respect should guide trade talks

Fair and equality-based negotiations for mutual benefit and with mutual respect should be the basis for solving trade disputes between China and the United States, said a senior expert. In an exclusive interview with China Daily, Zhu Guangyao, former vice-minister of finance, said Sino-US economic and trade relations not only matter for the two nations…

Nation strengthens control to stop illegal outflow of strategic minerals

China has announced that it will strengthen control over the export of strategic minerals “every step of the way”, with a particular focus on cracking down on the smuggling of these critical resources and enhancing customs inspections at ports. All departments and local authorities should intensify the tracking of strategic mineral flows, enhance interagency information…

China, US agree to de-escalate trade tensions

Shipping containers are seen at the port of Oakland in Oakland, California, US, May 12, 2025. [Photo/Agencies] China and the United States announced a series of tariff adjustment measures on Monday aimed at easing trade tensions between the world’s two largest economies, according to a joint statement issued by both governments in Geneva, Switzerland. Trade analysts…

China’s digital boom sparks new high-skill careers

Students learn about recruitment information during a campus job fair held at Qinghai College of Architectural Technology in Xining, Northwest China’s Qinghai province, April 23, 2025. [Photo/Xinhua] TIANJIN – New digital technologies are giving rise to a kaleidoscope of novel job positions across China, unlocking fresh economic growth opportunities while easing concerns that AI advancements…

Small businesses record five-year high growth in mainland

This photo taken from Jingshan Hill on Aug 12, 2024 shows the skyscrapers of the central business district (CBD) on a sunny day in Beijing. [Photo/Xinhua] The performance of small business in the Chinese mainland hit a five-year high in 2024, largely driven by technology and innovation, according to a new survey by CPA Australia,…