China has prioritized safeguarding the safety and well-being of its citizenry in recent years. The State Council Information Office said the 60-and-above population exceeded 310 million by end-2024, accounting for 22 percent of its citizenry. To address the expansion of the senior demographic, the recommendations for formulating the 15th Five-Year Plan (2026-30) — adopted at…
BEIJING — China will move faster to establish a data property rights registration system, as part of the efforts to promote the use of data and unlock its value, according to the National Data Administration (NDA). The NDA said it will draw on the experience of registration systems in other fields, actively solicit opinions from…
Shoppers browse digital products offering trade-in subsidies at a store in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY China will step up efforts to boost domestic demand through targeted consumption stimulus, expand service-sector spending, and push ahead with retail and distribution reforms in 2026, said the country’s top commerce official. Speaking at a national commerce…
China will begin phasing out value-added tax export rebates for photovoltaic products from April 1, the finance ministry announced in a joint statement with the State Taxation Administration on Friday. Export rebates for battery products will be cut from 9 percent to 6 percent between April and December, before being fully scrapped from Jan 1,…
BEIJING — China will advance the opening-up of its services sector in nine additional pilot cities, according to a statement released by the Ministry of Commerce on Friday. The nine cities — Dalian, Ningbo, Xiamen, Qingdao, Shenzhen, Hefei, Fuzhou, Xi’an and Suzhou — will be tasked with implementing 159 pilot measures, targeting key areas of…
BEIJING — China announced on Friday that it will change export tax rebates for a range of products, including photovoltaic and battery products. The announcement, jointly issued by the Ministry of Finance and the State Taxation Administration, said that export tax rebates for the value added tax of photovoltaic products will be canceled starting from…
Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China. [Photo/Xinhua] With China’s central bank having signaled readiness to flexibly implement cuts to the reserve requirement ratio and interest rates, analysts pointed to the rising necessity and possibility of front loading monetary easing measures this year to kick off a…
Shanghai’s continued efforts to improve its business environment are conducive to creating a vibrant ecosystem for technological innovation, which serves as a key growth engine for the city’s high-quality economic development, said officials and company executives. Their comments were made following the new action plan that the municipal government rolled out on Jan 4 to…
A clerk counts cash at a bank in Nantong, South China’s Jiangsu province. [Photo/Sipa] BEIJING – Some 10.1 trillion yuan ($1.43 trillion) was raised by over 2,300 enterprises through debt financing instruments on China’s interbank market last year, data from the National Association of Financial Market Institutional Investors showed. This marks the second consecutive year…
An aerial view of the Yangshan Port in Shanghai, on July 26, 2025. [Photo/Xinhua] Shanghai’s continued efforts to improve its business environment are conducive to creating a vibrant ecosystem for technological innovation, which serves as a key growth engine for the city’s high-quality economic development, officials and company executives said. A new action plan developed…