Lujiazui, Shanghai’s financial center, forms a perfect backdrop to Shanghai’s Bund. [Wang Gang/For China Daily] China is taking steps to establish a well-functioning and sustainable regulatory mechanism for enterprise-related fees aimed at anchoring expectations of market players of all types and boosting their confidence in future growth, the State Council, the country’s Cabinet, said on…
A saleswoman (left) addresses consumer queries about a washing machine at a shopping center in Hohhot, Inner Mongolia autonomous region, on March 5. [DING GENHOU/FOR CHINA DAILY] China’s latest push to boost consumption — a top priority on the country’s policy agenda for the year ahead — is expected to shore up consumer confidence, unleash…
Ma Tonggui, a deputy to the 14th National People’s Congress. [Photo provided to chinadaily.com.cn] North China’s Shanxi province, the largest coal producer in the country and host to several carbon-intensive industries, aims to curb its carbon emissions to meet the national carbon peak and neutrality goals by upgrading China’s first zero-carbon airport. Taiyuan Wusu International…
The skyline of Beijing. [Photo/VCG] Top foreign CEOs will flock to China to attend the annual China Development Forum in Beijing, Reuters reported on Monday. Major attendees include executives of Qualcomm, FedEx, Siemens, BMW, Saudi Aramco, Rio Tinto, Nestlé, Mercedes-Benz, AstraZeneca, Estée Lauder, Citadel, Standard Chartered, KPMG, and Deutsche Bank, according to the report citing…
High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. [Photo by Gao Erqiang/China Daily] The Shanghai municipal government revealed several efforts to stabilize foreign investment during a news conference held on March 20 for the upcoming Shanghai Global Investment Promotion Conference 2025. 1. Introduce policies more precisely (1) Release the policy…
The high-quality development of the service industry in Shanghai should aim for better serving technology advancement and boosting consumption, according to a new guideline released by the municipal government. Made up of 31 detailed measures, the new guideline, released on Monday, said that the service sector should further consolidate its role as an economic driver,…
CAI MENG/CHINA DAILY The “reciprocal” tariff strategy is an iconic move by US President Donald Trump in his administration. According to Kevin Hassett, director of the US National Economic Council, trading partners of the United States are charging tariffs “two or three times the amount the US is charging” — which is apparently not true,…
The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024. [Photo/VCG] China has fleshed out policy steps to shore up consumer spending, with a focus on increasing people’s income and expanding the consumer goods trade-in program, after the country…
The skyline of Beijing. [Photo/VCG] BEIJING – From the latest government work report to a series of policy measures introduced by top government bodies, China’s unwavering commitment to reform and opening up has created development opportunities and strengthened the confidence of foreign investors. China’s policy directions and support measures are both “clear” and “practical,” with…
The skyline of Beijing. [Photo/VCG] BEIJING – China’s Commerce Minister Wang Wentao said the country’s trade policies toward trading partners, including the European Union, have consistently been stable, and welcomed European companies to increase their investment in China. Wang made the remarks on Monday during a meeting with Airbus CEO Guillaume Faury, according to a…