BEIJING – China’s fiscal revenue dipped 1.6 percent year-on-year to nearly 4.39 trillion yuan ($611.59 billion) in the first two months of the year, according to data from the Ministry of Finance released on Monday. The central government collected nearly 1.95 trillion yuan in fiscal revenue, down 5.8 percent year-on-year, while local governments collected nearly…
High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. [Photo by Gao Erqiang/China Daily] A total of 21 new projects were secured during the Shanghai Global Investment Promotion Conference 2025 held on Tuesday, marking the beginning of the week-long “Invest in Shanghai” series of business soliciting activities. The new projects covered…
A truck loads containers at Tangshan Port, North China’s Hebei province. [Photo/Xinhua] BEIJING – The General Office of the State Council has issued guidelines aimed at further strengthening trade policy compliance with World Trade Organization (WTO) rules, amid the country’s greater efforts to push forward opening-up. Compliance assessment should be a necessary prerequisite of the…
BEIJING – China’s central bank on Monday said that it will issue 450 billion yuan ($62.5 billion) of one-year medium-term lending facility (MLF) loans on Tuesday, with adjusted rules. Starting this month, the MLF will undertake operations that utilize fixed-quantity, interest-rate bidding and a multiple-price bidding method, the People’s Bank of China said in a…
China is on track to meet its 2025 growth target, with the economy expected to expand by 5 percent annually, given its continued recovery, a raft of stimulus measures, blossoming emerging industries, and gradual rebound in demand, an expert on economic policy said. Sun Xuegong “China is accelerating its shift toward a technology — and…
China should look beyond short-term stimulus and decisively redistribute incomes to expand consumption, especially by transferring more State-owned wealth to the social welfare system, leading economists and policy researchers said. Now is the time to act, they said, with the latest consumption stimuli, such as the trade-in programs, creating a window to plan for long-term…
HANGZHOU – A major manufacturing city in East China’s Zhejiang province has kicked off its 2025 global trade promotion initiative in a bid to boost exports, amid rising trade protectionism and weakening demand in key global markets. As the first step of this endeavor, a delegation of 55 companies from the city of Jinhua, home…
Shoppers browse digital products offering trade-in subsidies at a store in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY BEIJING — China’s efforts to spur consumer spending are off to a strong start this year, with government subsidy measures driving a surging demand in digital products, the Ministry of Commerce said on Thursday. Since the program’s…
Export-bound vehicles await shipment at Taicang Port, Jiangsu province. JI HAIXIN/FOR CHINA DAILY China Development Bank has rolled out a robust set of measures to provide strong financial support for businesses in the country’s foreign trade sector this year. The bank has been leveraging a wide array of financing instruments, including project loans, syndicated loans,…
An aerial drone photo shows a view of Yangpu International Container Port in the Yangpu Economic Development Zone in Danzhou, South China’s Hainan province, Jan 11, 2025. [Photo/Xinhua] China has set its sights on exploring new frontiers for opening-up, with education and culture being the next areas of focus, which senior executives said are windows…