Several hundred people lined up at a supermarket in Haikou, Hainan province, on Thursday to buy imported durians being sold at almost half their usual price, shortly after the launch of the island province’s special customs operations. A staff member at Wanghao Supermarket said the durians sold out within an hour of going on sale,…
China’s top market regulator revised its rules on anti-competitive agreements, setting clearer marketshare thresholds under which certain vertical agreements will not be prohibited, the State Administration for Market Regulation said on Friday. Under the new rules, vertical agreements that fix or restrict resale prices will not be prohibited if the operator’s marketshare in the relevant…
The first CIIE U-Fair, an extension of the China International Import Expo for individual consumers, kicked off in Shanghai on Friday. [Photo by Shi Jing/chinadaily.com.cn] The first CIIE U-Fair, an extension of the China International Import Expo for individual consumers, kicked off in Shanghai’s National Exhibition and Convention Center on Friday. Dubbed a “mini CIIE”, the…
China should steer its next phase of economic development toward stronger domestic demand while pressing ahead with deeper income distribution reform and more decisive technological breakthroughs, as policymakers seek to rebalance growth drivers amid still-weak domestic demand and intensifying global competition, economists said. The shift, they said, requires coordinated moves to raise household incomes and…
An aerial drone photo taken on Nov 21 shows Yangpu International Container Port in Yangpu Economic Development Zone, Hainan province. PU XIAOXU/XINHUA The rollout of island-wide special customs operations and expanded duty-free policies at Hainan Free Trade Port will significantly boost its attractiveness among global investors, encouraging foreign companies to increase long-term commitments of capital…
A German-funded enterprise has successfully completed its full establishment in Hainan province, leveraging the province’s streamlined digital business system. With all prepared materials submitted electronically, the approval was completed within seconds. Siemens Energy (Hainan) Co Ltd received its business license in Danzhou on Thursday following this automated procedure. Cross-border funds are now settled in two…
Adhering to an innovation-driven approach and accelerating the cultivation and expansion of new growth drivers was identified as one of the key economic tasks for 2026 during the recently convened Central Economic Work Conference. The conference has emphasized the importance of innovating science and technology-oriented financial services. It is expected that in the next stage,…
Companies and institutions began receiving benefits on Thursday as the Hainan Free Trade Port began its island-wide special customs operations. Siemens Energy became the first foreign-invested enterprise to register, receiving its business license at the Yangpu administrative service center in Danzhou. The company simultaneously broke ground on a new gas turbine assembly base and service…
Tourists interact with parading performers at the Harbin Ice-Snow World in Harbin, Northeast China’s Heilongjiang province, Dec 17, 2025. [Photo/Xinhua] China’s latest efforts to boost consumption and expand domestic demand will shore up consumer confidence and stimulate economic growth as the nation prioritizes the building of a robust domestic market to navigate rising external…
China has urged the European Union to immediately stop its unreasonable actions against Chinese companies operating within the bloc and use the Foreign Subsidies Regulation investigation tool prudently, said the Ministry of Commerce. Speaking at a weekly news briefing in Beijing on Thursday, He Yadong, spokesman for the ministry, said China noted that the European…