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German brands bet on Shanghai with inaugural ‘Discover Germany’ market

The “Discover Germany 2025 – German Brand Week” opens at the historic The Bund · City Hall Plaza in Huangpu district, Shanghai. [Photo provided to chinadaily.com.cn] The “Discover Germany 2025 – German Brand Week”, organized by the AHK Greater China, began on Oct 23 at the historic The Bund · City Hall Plaza in Huangpu…

China to open market wider during the 15th Five-Year Plan period

A drone photo taken on Sept 16, 2025 shows a vessel docking at Taicang Port in East China’s Jiangsu province. [Photo/Xinhua] China will take the initiative to open its market wider during the 15th Five-Year Plan period (2026-30), Commerce Minister Wang Wentao said at a news conference on Friday. “Our openness will take into account…

Govt expects over $1t of market space addition in five years

It is preliminarily estimated that around 10 trillion yuan ($1.4 trillion) of market space will be added in China over the next five years, unleashing tremendous development momentum and bringing significant benefits to people’s livelihoods, said Zheng Shanjie, head of the National Development and Reform Commission. At a news conference held by the Central Committee…

Shanghai’s Baoshan posts strong growth during 14th Five-Year Plan period

Shanghai’s Baoshan district saw higher-quality economic growth during the 14th Five-Year Plan period (2021-25). [Photo provided to chinadaily.com.cn] Shanghai’s Baoshan district saw higher-quality economic growth during the 14th Five-Year Plan period (2021-25), with 2024 GDP exceeding 210 billion yuan ($29.5 billion) and industrial output reaching 260 billion yuan, officials said on Thursday at a news…

Chinese Vice-Premier He Lifeng to have trade talks with US in Malaysia on Oct 24-27

Chinese Vice-Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, will lead a delegation to Malaysia from Oct 24 to 27 to hold economic and trade consultations with the US side, China’s Ministry of Commerce announced Thursday.The two sides will hold consultations on important issues in…

Shanghai’s foreign trade up 5.4% in Jan-Sept

SHANGHAI — Shanghai’s imports and exports totaled 3.34 trillion yuan ($470.7 billion) in the first three quarters of 2025, up 5.4 percent year-on-year, local customs authorities said on Wednesday. The growth rate increased by 0.9 percentage points compared to the Jan-Aug period. Exports in the first nine months climbed 11.3 percent to 1.48 trillion yuan,…

China to fully leverage the advantages of its domestic market

Tourists visit the Dunhuang Book Center in Dunhuang, Northwest China’s Gansu province, Oct 11, 2025. [Photo/Xinhua] China will fully leverage the advantages of its massive domestic market, making it a prime test ground for global innovation and turning the vast market into a shared opportunity for the world, Commerce Minister Wang Wentao said on Friday.…

‘Grow With China’ event showcases Shanghai’s rise as an economic powerhouse

Foreign business leaders and experts speak at the “Grow with China” CEO roundtable, which was jointly held by the Foreign Affairs Office of the Shanghai Municipal People’s Government and China Daily in Shanghai, Oct 20, 2025. [Photo by Gao Erqiang/China Daily] At the forefront of China’s reform and opening-up, Shanghai is spearheading the world’s second-largest…

Leading luxury goods group sees signs of recovery in China

A view of The Louis, which was launched in Shanghai earlier this year. CHINA DAILY LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury goods group, has reported revenue of 58.1 billion euros ($67.7 billion) for the first nine months of 2025, up 1 percent year-on-year, buoyed by improving demand in China. The modest uptick offers…

China’s digital finance push reshapes capital markets

China’s accelerating drive of finance digitalization is shifting from technology-driven innovation to deepening institutional reforms, with digital assets expected to redefine the logic of capital market operations, said experts participating at a high-level forum in Beijing on Saturday. The push — highlighted at a parallel session of the 2025 Tongzhou Global Development Forum — reflects…