Following the latest round of economic and trade talks between China and the United States in Stockholm, Sweden, last month, multinational corporations across sectors are reinforcing their commitment to the Chinese market, reflecting growing optimism for mutually beneficial bilateral cooperation. Business leaders highlighted China’s vast consumer base, resilient supply chains and drive for industrial upgrading…
Fast-evolving artificial intelligence is expected to foster new consumption growth drivers and inject strong impetus into China’s consumer market as this cutting-edge digital technology is spearheading a technological revolution and industrial transformation to drive economic growth, said experts and company executives. They said that commercial use of AI in e-commerce and home appliances will not…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING – China’s fiscal revenue edged up 0.1 percent year-on-year to over 13.58 trillion yuan ($1.9 trillion) in the first seven months of the year, said the Ministry of Finance on Tuesday. The central government collected over 5.85 trillion…
An aerial drone photo shows a newly-built residential complex in Feixi county of Hefei, East China’s Anhui province. [Photo/Xinhua] BEIJING – Stepping into a model apartment, a homebuyer surnamed Liu was immediately struck by the bright, open layout. Right at the entrance, a small garden seamlessly flowed into the dining area and kitchen, creating a…
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…