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…
On June 19, people visited the outdoor exhibition hall of the 6th Qingdao Multinationals Summit. XINGHUA XINHUA — Robotic arms hum while workers move with precision through Taiho Kogyo Corp’s workshop in Yantai, East China’s Shandong province, as engine and compressor bearings roll off the production line, not only for automakers like Toyota and Volkswagen,…
Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China. [Photo/Xinhua] China’s monetary conditions are likely to remain reasonably accommodative in the coming months, continuing to support credit expansion while contributing to steadier capital market expectations, analysts said on Monday. They said that the focus of the People’s Bank of…
China’s A-share market surged to a fresh milestone on Monday, with total market capitalization exceeding 100 trillion yuan ($14 trillion), buoyed by robust trading activity, improving investor sentiment and sustained capital inflows. Analysts said that the rally may extend further amid accelerating reform measures by policymakers to improve returns to investors, the country’s accelerated economic…
BEIJING — Zou Lan, deputy governor of the People’s Bank of China (PBOC), the central bank, highlighted the important role of movable property financing in an article made public on Monday. Movable property financing, as an important financing method, is gradually becoming a crucial tool for enterprises, especially micro, small and medium-sized enterprises, to address…
Visitors attend the 22nd China Digital Entertainment Expo & Conference, or ChinaJoy, in Shanghai on Aug 2. XU PEIQIN/FOR CHINA DAILY Chinese electronic games are continuously thriving in global markets, and are increasingly becoming carriers of culture to promote cross-cultural understanding and exchanges as a new universal language, said industry experts during the recent 22nd China…
China has consistently provided much-needed loans to other nations across the Global South, based on their development priorities and repayment capacity, analysts said, citing recent research that counters claims portraying the country as a primary driver of so-called “debt traps” in lower-income countries. Through concessional financing aimed at supporting infrastructure and industrialization, China has helped…