The outcomes of the China-US trade talks in Malaysia demonstrated the commitment of both sides to maintain stability in one of the world’s most important economic relationships and underscored Beijing’s firm stance in safeguarding its core interests, experts said. After weeks of escalating tensions, the two countries have stepped back from the brink, suspending some…
At present, China’s monetary policy remains supportive and relatively loose, with major interest rates hovering at historic lows. The low interest rate environment is expected to persist for some time, making the high-quality development of China’s capital market particularly important. From both domestic and international experience, monetary tightening can effectively curb rising prices, but monetary…
Customers inspect a range of BYD vehicles at a store in Qinhuangdao, Hebei province, in March. CAO JIANXIONG/FOR CHINA DAILY China is strengthening its position as the global leader in electric mobility, with near-universal satisfaction among domestic users. Up to 99 percent of Chinese battery electric vehicle owners said they would consider buying another BEV…
Industrial and Commercial Bank of China announced on Monday that it will temporarily suspend certain functions of its “ruyi gold accumulation” business starting Monday, citing macro policy adjustments and internal risk management requirements. According to the bank’s statement, applications for opening new accounts, initiating accumulation plans, or withdrawing physical gold will be put on hold.…
China will introduce a series of new measures to upgrade its duty-free shop policies starting Nov 1, 2025, in a bid to boost domestic consumption and attract more foreign visitors, according to a notice released on Thursday. The notice, jointly issued by the Ministry of Finance, Ministry of Commerce, Ministry of Culture and Tourism, General…
Villagers try the tap water as they move to their newly-built houses at Zimgag village of Dingri county, Shigatse city, Southwest China’s Xizang autonomous region, Aug 15, 2025. [Photo/Xinhua] The Xizang autonomous region recorded a GDP of 207 billion yuan ($29 billion) in the first three quarters of this year, representing a 7.1 percent year-on-year…
China’s transformation from a “fast follower” to a global technology leader is likely to attract a new wave of foreign investment over the next decade, said Howard Davies, chair of the International Advisory Council of the China Securities Regulatory Commission. “I think it’s likely that (foreign) investor interest in China will grow over the next…
As all eyes are on the high-level engagement between China and the United States, the US business community has voiced strong support for long-term stability in the world’s most consequential economic relationship, as the partnership with China remains “enormously important” for US companies. Having the direct involvement of both countries’ presidents — which may pave…
Share – WeChat Customers shop at a duty-free store in Haikou, South China’s Hainan province, Nov 1, 2025. The island province of Hainan broadened the scope of its offshore duty-free goods by adding two new goods categories, namely pet supplies and portable musical instruments. After this adjustment which took effect on Saturday, the island’s offshore…
As the world’s attention turns to whether higher-end chips from US semiconductor company Nvidia can gain better access to the Chinese market, experts are calling for more efforts to build mutual trust between China and the United States to address broader issues related to semiconductors, experts said. The comments came after US President Donald Trump…