China has introduced a new policy that enables foreign visitors to claim departure tax refunds for purchases as low as 200 yuan ($27) per day at the same store, significantly reducing the previous threshold of 500 yuan. This is part of the country’s latest move to optimize the departure tax refund policy for foreign visitors.…
A drone photo taken on April 6, 2025 shows tourists interacting with black-tailed gulls on the coastal of a wildlife park near Xixiakou village, Rongcheng city, East China’s Shandong province. [Photo/Xinhua] China is likely to announce additional stimulus policies, including extra fiscal support, targeted monetary easing and stronger consumption-boosting initiatives, to put its economic growth…
The 2025 Malaysia China Linyi Product Exhibition, held from April 25 to 26 in Kuala Lumpur, the capital of Malaysia, saw fruitful results, attracting over 500 buyers from Malaysia and generating more than $80 million in on-site transactions. Exhibitors and buyers spoke highly of the event, calling it a key platform for future business growth…
China’s market regulator said it is closely monitoring CK Hutchison’s planned port asset sales and warned the company and its partners not to bypass antitrust scrutiny. The State Administration for Market Regulation said in a statement to China Daily on Sunday that the regulator is “highly concerned” about the transaction and will conduct a review…
BEIJING – China has further shortened its market access negative list, which specifies fields that are off-limits to both domestic and overseas market entities, the National Development and Reform Commission (NDRC) announced on Thursday. The new version of the market access negative list reduced the number of items from 117 to 106, a decrease of…
A visitor studies a robot dog at an artificial intelligence experience store in Nanjing, Jiangsu province, in August. DONG FANGXU/FOR CHINA DAILY In a major shift in China’s luxury retail landscape, Deji Plaza in Nanjing, Jiangsu province, achieved record-breaking sales of 24.5 billion yuan ($3.35 billion) in 2024, surpassing both long-time champion SKP Beijing and…
Sports influencer Xu Xingyu hikes in the countryside around Beijing in July. CHINA DAILY The Chinese market continues to attract attention from global outdoor sports brands, with three leading entrants making recent market debuts. US outdoor equipment and backpack brand Gregory; Spanish trail running shoe brand NNormal, co-founded by legendary athlete Kilian Jornet; and Swedish…
This photo taken on April 25, 2025 shows a vehicle displayed at the booth of GAC Group at the 21st Shanghai International Automobile Industry Exhibition in East China’s Shanghai. [Photo/Xinhua] SHANGHAI — The 21st Shanghai International Automobile Industry Exhibition (Auto Shanghai 2025) has drawn nearly 1,000 companies from 26 countries and regions and quickly become…
On April 25, during the Shanghai Forum 2025, global experts convened to address governance challenges posed by rapidly advancing AI technologies. “Not every country is going to be a military superpower or an AI superpower, but every country needs to be an AI governance superpower,” said Eric Richardson, president of INHR. Tanks to chinadaily.com.cn Please…
Y.B. Tuan Weng San (center), speaker of the Malaysian Selangor State Legislative Assembly, visits the Malaysia China Linyi Commodity Exhibition on April 25. [Photo by Yang Fan/for to chinadaily.com.cn] More than 5,000 international purchasers are gathering in Kuala Lumpur, capital city of Malaysia, to explore trade cooperation opportunities at the Malaysia China Linyi Commodity Exhibition…