Skip to content

economic

Summit to foster deep ties in digital tech

The 2025 World Internet Conference Wuzhen Summit is expected to create an open platform for international exchanges and cooperation in digital technologies, while helping the global community to seize opportunities brought on by a new round of scientific and technological revolution to benefit humanity, the event’s organizer said on Friday. The summit is scheduled to…

Online platforms file initial tax info

More than 4,100 domestic and overseas online platforms, including major players such as Pinduoduo, Ele.me, Didi, and international cross-border marketplaces have submitted their first round of detailed tax-related information under a new reporting regulation effective this month, China’s top tax authority told China Daily on Thursday. The State Taxation Administration said the reporting process, which…

Forum eyes world supply chain reshaping

China’s accelerating digital transformation is evolving from an internal modernization drive into a global economic force, increasingly shaping the structure and resilience of world supply chains. “Enterprises must adopt a ‘top-down and grounded’ vision,” said Yao Jianming, professor at Renmin University’s Business School. “‘Top-down’ means influencing entire industries and national systems, while ‘grounded’ means addressing…

Export controls on rare earths a legitimate move, China says

China’s implementation of export controls on rare earths is a legitimate move to improve its export control system, ensure national security and interests, and honor its international non-proliferation obligations. Responding to a media inquiry saying that certain European companies have had to suspend production while waiting for Chinese government’s green light of their rare earth…

China to boost panda bond issuance, integrate investment channels

China will encourage more overseas institutions to issue panda bonds and integrate cross-border investment channels to attract foreign participation in its onshore market, as part of the country’s ongoing efforts to foster a sound environment for using the renminbi, said the People’s Bank of China, the country’s central bank. “We will encourage and support more…

Investors should look at long-term opportunities in China’s evolving capital market, analysts say

Although China’s three major stock indexes fell on Friday, analysts said investors should look beyond short-term market fluctuations and focus instead on high-quality companies with sustainable earnings growth, aiming to capture the long-term opportunities in China’s evolving capital market. The Shanghai Composite Index dropped 1.95 percent to 3,839.76, while the Shenzhen Component Index declined 3.04…

China’s proactive fiscal policy maintains strong momentum

China’s proactive fiscal policy has maintained strong momentum in the first three quarters, with fiscal revenue seeing a steady recovery, according to the latest official data released by the Ministry of Finance on Friday. In the first three quarters, the country’s general public budget revenue reached 16.39 trillion yuan ($2.25 trillion), up 0.5 percent year-on-year.…

Tax shift seen as boost to consumption

People attend a flag-raising ceremony marking the 76th anniversary of the founding of the People’s Republic of China at Tian’anmen Square in Beijing, capital of China, Oct 1, 2025. [Photo/Xinhua] As China prepares its next five-year economic blueprint, economists widely expect the world’s second-largest economy to start relocating the point of collection of its largest…

China grants market access to 15 food categories from 10 BRI countries

Women dressed in traditional attires pose for a group photo in front of the Belarusian National Football Stadium, a landmark project built with Chinese support, in Minsk, Belarus, June 7, 2025. [Photo/Xinhua] China’s General Administration of Customs on Wednesday granted market access to 15 categories of food products from 10 countries, including South Africa and…

Banks, insurers better services for tech players

Sebastian Goyon visits a DJI store at APM Mall in Beijing, capital of China, July 2, 2025. [Photo/Xinhua] Under the guidance of financial regulators, Chinese banks and insurance companies are tailoring services to the needs of technology enterprises, offering targeted solutions such as “loans plus direct equity investment”, intellectual property pledge financing, and patent insurance.…