BEIJING – China will roll out its departure tax refund policy in Jilin province from Sept 1, the Ministry of Finance said on Wednesday. The policy allows overseas tourists to claim back value-added tax on eligible purchases made at designated tax refund stores before leaving the country. Eligible regions can adopt the policy after filing…
BEIJING — Li Chenggang, China international trade representative with the Ministry of Commerce and vice-minister of commerce, visited the United States and held talks with US officials and business representatives from Aug 27 to 29 local time, the ministry said on Saturday. He met with officials from the US Department of the Treasury, the US…
China’s top trade negotiator urged closer dialogue and cooperation with the United States during his talks in Washington earlier this week, calling for joint efforts to ensure stable and sustainable growth in bilateral economic ties, said the Ministry of Commerce in a statement on Saturday. Li Chenggang, China’s international trade representative and vice-minister of commerce,…
China’s energy sector has experienced unprecedented growth during the 14th Five-Year Plan (2021-25) period, solidifying its position as a global leader in renewable energy and contributing significantly to global decarbonization efforts, said officials and industry experts. The speed and scale of China’s renewable energy capacity expansion during the past five years were “unprecedented”, Wang Hongzhi,…
Residents, business owners and government representatives discuss community issues at a meeting on Aug 28 in Taishan People’s Community Service Center in Putuo district, Shanghai. [Photo by Luo Bin / chinadaily.com.cn] Shanghai has made significant efforts to improve its community-level business environment, creating a dynamic atmosphere in local neighborhoods, according to the Shanghai Municipal People’s Government…
A view of the booth of Yum China at the third China International Supply Chain Expo in Beijing in July. CHINA DAILY Fast-food brand Subway’s recently opened store in Shanghai marked its 1,000th outlet in China, with the restaurant chain on track to reach its target of 4,000 stores in the country in the next…
As consumer demand becomes more diverse in China, export-oriented companies are shifting their focus to the home market for new opportunities. Market watchers said these companies — backed by government policies promoting deeper integration between domestic and overseas trade — are increasingly pivoting toward the home market to tap both the vast potential of China’s…
Customers visit a Massimo Dutti store at a shopping center in Tianjin on Aug 26. CHINA DAILY Massimo Dutti, sister brand of Zara and the high-end unit of Spanish fashion group Inditex, is maintaining steady growth in China with two new store openings in July in Xi’an, Shaanxi province, and Tianjin. China remains a strategic…
Tourists from Australia pose for photos at the Tiantan (Temple of Heaven) Park in Beijing, May 1, 2025. [Photo/Xinhua] BEIJING — China will continue to promote inbound consumption, a crucial area for expanding domestic consumption, amid surging sales revenue from tax refund shops for foreign tourists in the country, the Ministry of Commerce said on…
A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] BEIJING — Local governments in China issued new bonds worth over 3.31 trillion yuan ($465.78 billion) in the first seven months of this year, data from the Ministry of Finance showed on Thursday. Of the total, general-purpose bond issuance came in at…