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China has made a key breakthrough in the evolution of its central bank’s digital currency by positioning the e-CNY as “digital deposit money”, a move experts said is set to expand its use scenarios and strengthen the country’s leadership in global CBDC exploration. People’s Bank of China Vice-Governor Lu Lei said in the central bank-affiliated…
China’s economy has moved into a phase dominated by better managing existing resources. On the one hand, the sheer size of the nation’s economy means it can no longer operate out of the spotlight. Intensified international economic and trade competition has heightened requirements for optimizing existing resources while striving for new growth drivers. On the…
An employee arranges to load the first batch of offshore goods onto a ship at Sanya Port in Sanya, Hainan province, on Dec 18. LI XUESHI/FOR CHINA DAILY On the sun-drenched sands of Sanya’s Dadonghai Beach, the rhythm of the South China Sea waves mingles with animated conversations in Russian. A couple from Saint Petersburg,…
CAI MENG/CHINA DAILY The launch of island-wide special customs operations at South China’s Hainan Free Trade Port represents a major strategic initiative by China to advance high-level opening-up in the new era. It carries profound historical significance and presents broad development opportunities. This strategy aims to build it into a prominent banner and a key…
China will continue to pursue a more proactive fiscal policy next year with enhanced precision and effectiveness, to promote an effective improvement in the quality of the economy and a reasonable expansion in its scale, while maintaining social harmony and stability, said Finance Minister Lan Fo’an. He said on Saturday that the goal is to…
The revised Foreign Trade Law will strengthen China’s legal framework for high-level opening-up, promote high-quality trade growth, and enhance protection for businesses amid rising protectionism worldwide, experts and officials said. The updated provisions, which vow to further benchmark the law against international economic rules and safeguard the multilateral trading system, will also help foster a…
China will continue to pursue a more proactive fiscal policy next year with enhanced precision and effectiveness, to promote an effective improvement in the quality of the economy and a reasonable expansion in its scale while maintaining social harmony and stability, Finance Minister Lan Fo’an said on Saturday. He said the goal is to lay…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING — China’s finance ministry has pledged to expand fiscal expenditure in 2026 to ensure a solid start to the country’s 15th Five-Year Plan period (2026-30). China will implement a more proactive fiscal policy next year, Finance Minister Lan…
In 2025, China Daily’s Grow with China series released nearly 100 videos, engaging in insightful conversations with over 90 executives from multinational corporations, including 25 global CEOs. The discussions spanned multiple industries such as manufacturing, technology, transportation, healthcare, exhibitions, and entertainment. In 2026, we invite you to join us in capturing the pulse of global…