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This panoramic aerial photo taken on Jan 10, 2023 shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in East China’s Shanghai. [Photo/Xinhua] Shanghai’s stepped-up efforts to aid fundamental scientific research are crucial to support the development of pioneering technologies and companies specializing in emerging industries, which is conducive to…
This photo taken on May 8, 2024 shows a roll-off ceremony of the 6 millionth car produced by BMW Brilliance Automotive (BBA) in Shenyang, Northeast China’s Liaoning province. [Photo/Xinhua] NANJING — For Franz Decker, a senior executive at BMW Group, China’s rapid advances in artificial intelligence (AI) represent a crucial engine of the auto giant’s…
Chinese authorities have jointly released a key guideline on strengthening financial support for new industrialization, elevating the country’s coordinated efforts to support manufacturing upgrade and advance new quality productive forces. Under the guideline, the country aims to develop a financial system by 2027 that is generally mature in supporting the high-end, intelligent and green development of the manufacturing sector. The…
China has unveiled detailed guidance on a new tax credit policy aimed at encouraging foreign investors to reinvest their profits in the country, as it steps up efforts to stabilize foreign capital inflows and boost long-term investment amid rising global economic uncertainties. The State Taxation Administration released a new notice clarifying how foreign investors can…
The benchmark Shanghai Composite Index gained 0.96 percent to close at 3617.60 points on Tuesday. CHINA DAILY Rising interest in Chinese assets both at home and abroad reflects investor confidence in the development of emerging industries and ongoing capital market reforms, said experts. The benchmark Shanghai Composite Index gained 0.96 percent to close at 3617.60…
China’s childcare subsidy, set at a standard 3,600 yuan ($501) per year for each child under the age of three, is expected to provide financial relief for families, potentially boosting household consumption, analysts said. This people-centric approach to policymaking is likely to foreshadow further increases in public spending on areas that directly benefit households, such…
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] BEIJING — Buoyed by stronger-than-expected economic performance and steered by policy continuity and certainty, China is accelerating through the home stretch of the 14th Five-Year Plan (2021-2025) to lay a solid foundation for future high-quality development. The first half of 2025 highlighted China’s…
BEIJING — As innovation and design emerge as new engines of growth, China’s manufacturing sector is undergoing a shift from scale-driven expansion to value-oriented transformation. In the first half of 2025, robust output in high-tech sectors, ranging from 3D printing and smart home appliances to personalized electric vehicles, highlighted the rise of smart manufacturing, where…
A taxation bureau official (left) answers a taxpayer’s queries in Fuzhou, capital of Fujian province. [Photo/Xinhua] China is stepping up the enforcement of a long-standing policy requiring residents to pay personal income tax on gains accruing from overseas investments, which industry experts said reflects improved access to cross-border financial data and a broader effort to…