HAIKOU — Recently, Sunrise Fuel (Hainan) Co Ltd completed a cross-border transaction settlement with an overseas client through its EF account in less than two hours in South China’s Hainan province. It is a speed that would have been unimaginable in the past. “With the EF account, we can handle cross-border settlements entirely online through…
The State Administration for Market Regulation, China’s top market regulator, unveiled on Saturday draft antitrust compliance guidelines for internet platforms, offering clearer direction for both domestic and global tech firms operating in the world’s largest digital market. The draft, which will open for public feedback by the end of November, is the latest sign that…
China’s economy is showing signs of stabilizing while structural upgrading accelerates, with economists highlighting growing momentum from digital consumption, high-tech manufacturing and services, alongside expectations of continued policy support as the country prepares for the next five-year plan. Despite some softening in October indicators, they said underlying fundamentals remain resilient and new growth drivers are…
[Photo/VCG] China and the European Union should deepen mutual trust and meet each other halfway to expand economic and trade cooperation in advanced manufacturing and new energy despite rising uncertainties, market watchers and experts said. They called for China and the EU to build innovative dialogue mechanisms, jointly support multilateralism and free trade, and uphold…
China is innovating very fast while maintaining an admirable long-term vision, Veolia CEO Estelle Brachlianoff said, noting that China has impressed the world in green energy, where the pace of technological development has been “impressive”. In an exclusive interview with China Daily, Brachlianoff said Veolia is looking forward to seeing how 15th Five-Year Plan (2026-30)…
China has urged the Dutch government to demonstrate a genuine willingness to cooperate with the nation and promptly put forward substantive proposals to resolve the issues regarding Nexperia, a Chinese-owned semiconductor company based in the Netherlands, said the Ministry of Commerce on Thursday. Speaking at a weekly news conference in Beijing, ministry spokesman He Yadong…
China’s tax authorities have disclosed six recent cases involving individuals who failed to declare overseas income, as part of a wider effort to strengthen compliance among residents with cross-border earnings. Tax bureaus from cities like Beijing and provinces including Fujian, Guangdong and Sichuan recently made public a series of guidance and rectification cases, urging residents…
Wu Qing, chairman of the China Securities Regulatory Commission, visited Paris and Rio de Janeiro from Monday to Thursday, meeting with local financial regulators and institutional investors to advance bilateral cooperation and promote the opportunities in China’s capital market. During the visit, Wu held bilateral meetings with leaders from the Autorité des Marchés Financiers, France’s…
A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] BEIJING — China’s yuan-denominated loans rose 14.97 trillion yuan ($2.11 trillion) in the first 10 months of the year, central bank data showed on Thursday. Of the total, household loans grew 739.6 billion yuan, while loans to enterprises and public institutions increased…
China would benefit from fine-tuning its fiscal system, moving the focus of taxation from factories to consumers, a move analysts say would help dismantle local protectionism and accelerate the development of a unified national market. Currently, value-added taxes — the largest source of tax revenue — are collected where goods and services are produced, said…