BEIJING — China urges the United States to immediately rectify its wrongdoing and cease its unreasonable suppression of Chinese companies, a Ministry of Commerce spokesperson said on Monday. The spokesperson made the remarks in response to a media inquiry on the US Department of Commerce’s announcement of a new rule that expands its “entity-list” export…
BEIJING — China will introduce a new policy-based financial instrument worth 500 billion yuan (about $70.3 billion), as part of the country’s efforts to improve financial services for the real economy and boost effective investment, a spokesperson for the National Development and Reform Commission (NDRC) said on Monday. The funds will be used to replenish…
BEIJING — The Ministry of Industry and Information Technology announced on Monday that it has granted China Mobile a license to operate satellite mobile phone service. This means that the three major mobile phone service providers — China Mobile, China Telecom and China Unicom — are now all licensed to provide direct-to-cell satellite coverage for…
China is doubling down on consumer lending as a policy lever to stimulate spending, while simultaneously tightening safeguards to prevent the buildup of financial risks. The government’s recent rollout of fiscal subsidies for personal consumption loans reflects a push to ease borrowing costs and unlock household demand, but regulators and banks are also moving to…
A staff member (right) introduces credit card business for the elderly to a visitor during the International Exhibition of Senior Care, Rehabilitation Medicine and Healthcare Shanghai 2025 in Shanghai on June 11. CHINA DAILY China’s credit card sector is facing mounting headwinds, with outstanding balances, transaction volumes and profitability trending downward in the first half of…
A drone photo shows a view of the Qinzhou Port in Qinzhou, South China’s Guangxi Zhuang autonomous region, on Sept 16. ZHANG AILIN/XINHUA NANNING — Through the New International Land-Sea Trade Corridor, ASEAN products — from Vietnamese and Indonesian rubber, to Cambodian rice and Thai coconuts — are steadily making their way into China. Meanwhile, Chinese…
Image Generated by AI Accelerating the institutional opening-up of China’s capital market at a high level is the only path toward achieving high-quality development of the capital market. It is necessary to establish the notion that “post-border rules are more important than border opening”, benchmark against international high-standard rules, comprehensively identify institutional weaknesses in China’s…
Visitors at the IFA 2025, the world’s leading trade fair for consumer electronics, experience smart glasses at the booth of a Chinese company, on Sept 5, 2025. [Photo/VCG] Chinese enterprises venturing abroad are not only a key driving force in advancing economic globalization, but also face increasingly complex structural risks and challenges amid their transformation…
China’s economy is showing signs of stabilizing amid robust policy measures and notable industrial recovery, analysts said on Sunday. They expect the recovery momentum to extend into the fourth quarter, keeping the country on course to meet its annual growth target of around 5 percent, with authorities likely to ramp up fiscal and monetary measures…
With a theme “Digital Trade, Global Connectivity”, the 4th Global Digital Trade Expo — held in Hangzhou starting Sept 25 — gathers 1,671 exhibitors and over 40,000 professional attendees from around the world, seeking opportunities in digital trade. [Photo provided to chinadaily.com.cn] Yuhang, a district in Hangzhou, East China’s Zhejiang province, is introducing a unique…