A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] Since the start of the year, China has continued to optimize its credit structure, channeling more financial resources into technology, green development, inclusive finance, eldercare and the digital economy. A report from the People’s Bank of China — the nation’s central bank…
A residential property project under construction in Shanghai. [Photo provided to China Daily] Shanghai on Monday eased homebuying restrictions beyond its Outer Ring Road, a move experts said will bolster the housing market ahead of the traditional peak season. To better meet homebuyers’ essential and diversified housing needs while promoting stable, healthy development of the…
[Photo/VCG] China’s fiscal policy is moving away from its traditional focus on enterprise and production toward new priorities — addressing household needs, strengthening the social safety net and stimulating consumer demand, said an expert. While the newly introduced childcare subsidy has captured public attention for its direct financial impact, the broader significance of the policy…
Hamad Sayah Al Mazrouei, undersecretary of the Abu Dhabi Department of Economic Development. Abu Dhabi is stepping up efforts to strengthen its economic partnership with China in areas ranging from artificial intelligence to advanced manufacturing, as the largest emirate in the United Arab Emirates aims to diversify beyond oil and position itself as a global…
An aerial drone photo taken on June 16, 2025 shows a logistic drone flying in Wuhan, Central China’s Hubei province. [Photo/Xinhua] Since the beginning of this year, China has continued to optimize its credit structure, further increasing support for sectors such as technology, green development, inclusive finance, elderly care, and the digital economy. A report…
China will take multipronged steps, including fiscal, tax and financial policies, to unleash greater domestic demand potential, the State Council — the country’s Cabinet — said on Friday. Policymakers should optimize the implementation mechanism of the consumer goods trade-in program to better leverage its role in expanding domestic demand, according to the State Council executive…
China is confident of creating a more unified, fair and innovative market during the upcoming 15th Five-Year Plan (2026-30) period, thanks to an improved business environment, upgraded quality standards and enhanced regulation on online platforms over the past five years, the country’s top market regulator said on Friday. China’s business environment has continued to improve…
While the A-share market has recently hit multiple new records, foreign investors remain optimistic about its performance in the coming months, increasing their exposure to Chinese equities in anticipation of further capital inflows and structural opportunities. The benchmark Shanghai Composite Index gained 1.45 percent on Friday to close at 3,825.76 points, its highest level in…
BEIJING — Chinese authorities have unveiled a set of interim rules to strengthen the control and management of rare earth mining, smelting and separation. The interim rules, made public on Friday, were jointly issued by the Ministry of Industry and Information Technology, the National Development and Reform Commission and the Ministry of Natural Resources. Taking…
BEIJING — China’s central bank and foreign exchange regulator began soliciting public opinions on Friday regarding a draft regulation designed to strengthen supervision of the interbank foreign exchange market and enhance its role in serving the real economy. The draft regulation, jointly issued by the People’s Bank of China and the State Administration of Foreign…