BEIJING — China’s producer price index (PPI), which measures costs for goods at the factory gate, went down 2.9 percent year-on-year in August, the National Bureau of Statistics (NBS) said Wednesday.The decline narrowed by 0.7 percentage points from the previous month, marking the first such narrowing since March this year and suggesting an improvement in…
People attend the celebrations marking the 75 years of diplomatic relations between China and Switzerland co-hosted by the Chinese People’s Association for Friendship with Foreign Countries and the Switzerland’s embassy in China, held in Beijing, on Aug 27, 2025. [Photo/Xinhua] This year marks the 75th anniversary of diplomatic ties between China and Switzerland — a…
MA XUEJING/CHINA DAILY China’s latest push to urge rational competition and regulate the promotional activities of major food delivery platforms will help maintain normal market order, ensure fair competition, and promote the healthy, orderly and sustainable development of the platform economy, experts said. They emphasized that these platforms should shift their focus from providing massive…
A view of the Yangshan Port in Shanghai. [Provided to China Daily] Shanghai’s total import and export value jumped 3.4 percent year-on-year to 2.55 trillion yuan ($360 billion) in the first seven months of the year, reflecting the city’s economic resilience against the global headwinds in tariff policies, said local officials. The data was released…
A foreigner uses an Alipay code on his mobile phone to buy coffee in Shanghai. CHINA DAILY BEIJING — Chinese online payment clearinghouse NetsUnion and card payment giant China UnionPay reported robust growth in online payments during July and August, a high season for tourism and consumption, central bank data showed Sunday. During the past…
Women from the Miao ethnic group in Liuzhi special district in Guizhou province don their ethnic costumes to attend a gathering in May. CHINA DAILY Twenty eight years ago, John Gjestrum, a Norwegian who was a board member of the International Committee of Museology, traveled to Liuzhi special district in Guizhou province to plant a…
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BEIJING — The number of tax refund stores catering to foreign visitors in China had exceeded 10,000 by the end of August, data from the State Taxation Administration showed on Wednesday. In the first eight months of the year, the number of tourists claiming tax refunds jumped 247.8 percent year-on-year, while sales of tax-refundable goods…
Containers are piled up at Nansha Port in Guangzhou, Guangdong province, in April. [Photo/China News Service] Guangdong’s private enterprises witnessed steady growth in import and export volume in the first eight months of the year, according to data released on Wednesday by Guangdong Customs, demonstrating their increasingly important role in the province’s foreign trade development.…
Chinese lawmakers conducted the first review of a draft revision to the Enterprise Bankruptcy Law on Monday, as part of the nation’s intensified efforts to refine its fundamental market economy frameworks. The draft revision, submitted to the ongoing session of the Standing Committee of the National People’s Congress, China’s top legislature, comprises 16 chapters and…