The 2025 Cross-border Financial Services Forum takes place at the Shanghai Convention and Exhibition Center of International Sourcing in Putuo district on Tuesday. [Photo by Li Junfeng/chinadaily.com.cn] The 2025 Cross-border Financial Services Forum was held at the Shanghai Convention and Exhibition Center of International Sourcing in the city’s Putuo district on Tuesday. Aimed at helping…
The Chinese yuan has strengthened steadily against the US dollar this year, with the offshore yuan gaining over 2 percent year-to-date. Economists attribute the increase to both external and domestic drivers. Globally, the US economy has been weighed down by high interest rates and trade policy uncertainties, weakening the dollar index. Meanwhile, domestically, China’s resilient…
Following the latest round of economic and trade talks between China and the United States in Stockholm, Sweden, last month, multinational corporations across sectors are reinforcing their commitment to the Chinese market, reflecting growing optimism for mutually beneficial bilateral cooperation. Business leaders highlighted China’s vast consumer base, resilient supply chains and drive for industrial upgrading…
Fast-evolving artificial intelligence is expected to foster new consumption growth drivers and inject strong impetus into China’s consumer market as this cutting-edge digital technology is spearheading a technological revolution and industrial transformation to drive economic growth, said experts and company executives. They said that commercial use of AI in e-commerce and home appliances will not…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING – China’s fiscal revenue edged up 0.1 percent year-on-year to over 13.58 trillion yuan ($1.9 trillion) in the first seven months of the year, said the Ministry of Finance on Tuesday. The central government collected over 5.85 trillion…
An aerial drone photo shows a newly-built residential complex in Feixi county of Hefei, East China’s Anhui province. [Photo/Xinhua] BEIJING – Stepping into a model apartment, a homebuyer surnamed Liu was immediately struck by the bright, open layout. Right at the entrance, a small garden seamlessly flowed into the dining area and kitchen, creating a…
An aerial view of the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone. [Photo provided to chinadaily.com.cn] Six major frontier projects were newly landed in Shanghai’s Lin-gang New Area on Tuesday, when this part of the China (Shanghai) Pilot Free Trade Zone celebrated its sixth anniversary. With combined investment value exceeding 40 billion…
China’s tax revenue saw a steady uptick in July, rising 5 percent year-on-year to reach about 1.8 trillion yuan ($250.9 billion), marking a continued rebound after recovering from a decline in April, data from the Ministry of Finance showed on Tuesday. For the January-July period, total tax revenue amounted to about 11.1 trillion yuan, down…
Sanfu classical craft furniture has been presented as a national gift to foreign leaders since 2014. [Photo by Xu Jiayi/chinadaily.com.cn] Founded in 1996, Fujian Sanfu Classical Furniture Co Ltd is a leading manufacturer of mahogany furniture and has been recognized by the Ministry of Industry and Information Technology as one of China’s top brands. Since…
As China’s stock market buzzes with excitement, reaching a decade-high on Monday, banks are taking a cautious turn. Since early August, more than a dozen banks, from rural lenders to national giants, have tightened rules on credit card fund usage, emphasizing that borrowed money should support consumer spending, not speculative investments. On Aug 1, Shaanxi…