The container terminal at Taicang Port. [Photo provided to chinadaily.com.cn] Taicang Port has reported a performance boost in the first eight months of the year after achieving a cargo throughput of 199 million tons, representing a 7.9 percent increase over the same period last year. The port also saw a rise in foreign trade cargo,…
Executives from Hesai Group attend the company’s listing ceremony at the Hong Kong bourse on Tuesday. LAM YIK/BLOOMBERG/GETTY IMAGES The Hong Kong equity market has demonstrated notable resilience in recent quarters, with average daily turnover for the first eight months of 2025 surging to HK$248.3 billion ($32 billion), a 132 percent increase compared with the same…
Measures promoting reforms for market-based allocation of technological and data elements in the Guangdong-Hong Kong-Macao Greater Bay Area will further ignite innovation vitality and unleash its industrial advantages, experts said. The remarks were made following the launch of comprehensive pilot reform plans to push forward with market-based allocation of production factors across 10 key regions.…
BEIJING — China’s government debt ratio is within a reasonable range and risks are manageable and under control, Finance Minister Lan Fo’an said on Friday. By the end of 2024, China’s government debt ratio stood at 68.7 percent, Lan said at a press conference on the country’s fiscal reform during the 14th Five-Year Plan period…
BEIJING — Chinese authorities have issued a work plan to support Beijing for piloting the World Trade Organization e-commerce agreement, according to the Ministry of Commerce on Friday. The plan, jointly issued by five government bodies including the ministry, outlines 41 measures in five key areas to boost trade digitalization, improve data governance, optimize digital…
Zhu Guangyao, former vice-minister of finance. [Photo by Wang Jing/chinadaily.com.cn] China’s intensified efforts to protect intellectual property rights (IPR) will help facilitate the cultivation of new quality productive forces and create immense business opportunities for multinational companies amid external challenges and uncertainties, experts and business leaders said at a high-level forum on Friday. They said…
China will roll out a series of targeted measures to encourage private enterprises to invest with confidence and achieve satisfactory returns, the State Council, the country’s Cabinet, said on Friday. Dedicated measures will be employed to address the pressing concerns facing private businesses, including expanded market access and better government service, according to the State…
Mexico’s planned tariff increases could backfire on its own economy, with analysts warning on Friday that the move may drive up costs for domestic industries and dampen foreign investor confidence. As media reports indicated that Mexico plans to raise import tariffs on about 1,400 items — such as vehicles, toys and steel products — from…
China has sufficient headroom to maneuver fiscal policies in the future, in order to position the world’s second-largest economy well for forestalling risk and stimulating growth, Finance Minister Lan Fo’an said on Friday. “The fundamentals of China’s economy remain sound, which provide a solid foundation for the stable and sustainable operation of the country’s fiscal…
With just under 100 days to go until Dec 18, when Customs operations at the Hainan Free Trade Port will be completely independent island-wide, Hainan is witnessing a surge of interest from leading private enterprises. Prominent business leaders, including Yu Minhong, chairman of New Oriental, Liu Yonghao, chairman of New Hope Group, Li Shufu, chairman…