China’s high-quality development, underpinned by openness, innovation and inclusive growth, is bringing heightened certainty to a world grappling with mounting economic and geopolitical uncertainties, officials and experts said on Friday during the Global Civilizations Dialogue Ministerial Meeting in Beijing. They made the remarks at one of the parallel subforums of the two-day meeting, called “Inter-civilization…
A taxation bureau official (left) answers a taxpayer’s queries in Fuzhou, capital of Fujian province. [Photo/Xinhua] Chinese tax authorities are stepping up efforts to ensure residents declare and pay taxes on overseas income, as part of broader efforts to enhance cross-border tax transparency and bring China’s enforcement in line with international standards, industry experts said…
Containerships dock at a port in Shanghai on Sunday. JI HAIXIN/FOR CHINA DAILY China’s 2025 growth target of around 5 percent remains achievable despite major trade disruptions, while a sustained recovery will hinge on structural reforms to bolster consumer confidence and unlock long-term growth potential, said a renowned expert. “As long as tariffs stay at…
Chinese tax authorities are stepping up efforts to ensure households declare and pay taxes on overseas income, as part of a broader initiative to enhance cross-border tax transparency and bring China’s enforcement in line with international standards, industry experts said in an exclusive interview with China Daily on Thursday. They made the comments as earlier…
Beijing and Washington have been engaging in discussions at multiple levels to address each other’s concerns in the economic and trade realms, the Ministry of Commerce said on Thursday. He Yongqian, spokeswoman for the ministry, made the remark in response to media reports that US Commerce Secretary Howard Lutnick and other senior US trade officials…
China’s central bank has unveiled a series of new measures to expand the Bond Connect program linking the country’s interbank bond market with global markets via Hong Kong, allowing more onshore institutional investors to participate — a major move designed to strengthen the special administrative region’s role as a global offshore renminbi hub. The measures…
Chinese mainland internet heavyweights have accelerated steps to apply for stablecoin licenses in Hong Kong as the city’s Stablecoins Ordinance will come into effect on Aug 1. This, industry experts said, is a significant step that will lower cross-border transaction costs and improve the efficiency of international payments. Christopher Hui, secretary for Financial Services and…
An aerial drone photo taken on Feb 2, 2024 shows a container vessel berthing at a container terminal of Tianjin Port in North China’s Tianjin. [Photo/Xinhua] China’s safety net — woven from robust domestic consumption, upgraded supply chains, and responsive policy levers — ensures that Beijing is well positioned to withstand Washington’s ever-broadening trade war…
Visitors look at Chinese agricultural products during the ninth China-Russia Expo in Yekaterinburg, Russia. LIU KAI/XINHUA China-Russia trade is expected to experience sustained growth in the coming years, as the two countries have more room to advance cooperation in green energy, infrastructure development, logistics and advanced manufacturing, said analysts and exporters. They noted that growing demand…
Chinese and Zambian personnel pose in front of harvested crops, showcasing the achievements and friendship from the cooperation. [Photo provided to chinadaily.com.cn] China’s top market regulator stepped up its efforts to promote agricultural standardization in Zambia, as part of its broader push to strengthen people-to-people ties and boost the quality of agricultural production under the…