China has determined that brandy imported from the European Union has been sold at unfairly low prices — or dumped — but will accept minimum price commitments proposed by EU businesses, the Ministry of Commerce said on Friday. In its final ruling on the anti-dumping investigation, published on its website, the ministry concluded that “imported…
China Duty Free Group opens its 7th Hainan Duty-Free Shopping Festival in Sanya on July 4. [Photo provided to chinadaily.com.cn] Duty-free shopping in Hainan province has surged since a major policy overhaul in 2020, with sales hitting 195.8 billion yuan ($27.3 billion) over the past five years, customs data shows. The boom follows the province’s…
Liu Qiao, dean of Peking University’s Guanghua School of Management, said in an exclusive interview with China Daily that “bold innovations” in fiscal policy could hold the key to addressing weak consumer confidence. New policy tools worth considering in the second half of the year, Liu said, include fiscal transfers or cash subsidies for low-income…
A view of the financial center of Shanghai’s Pudong New Area. WANG GANG/FOR CHINA DAILY BEIJING – China will replicate 77 pilot measures from the China (Shanghai) Pilot Free Trade Zone (FTZ) in other FTZs and across the country, among efforts to align with high-standard international economic and trade rules and advance high-level institutional opening-up,…
Jason Ding China’s economy is expected to gain momentum and meet its annual growth target of around 5 percent this year, buoyed by stimulus policy measures and technological innovation, said Jason Ding, managing partner of consultancy Bain & Co Greater China. The key drivers of China’s economic growth come from its large-scale manufacturing, green transition,…
Lujiazui, Shanghai’s financial center, forms a perfect backdrop to Shanghai’s Bund. [Wang Gang/For China Daily] China ranks fourth in terms of its global financial competitiveness this year, following the United States, United Kingdom and Japan, with China’s rank one place higher than last year, according to a new report released at the Digital Finance Forum…
Chen Deqiu Underpinned by resilient domestic demand, emerging technological drivers, and a deepening commitment to institutional opening-up, China remains on track to achieving the around 5 percent growth target for this year, a renowned economist said. “Looking ahead to the full year, I believe that China has the confidence and capacity to meet the around…
China will take countermeasures to safeguard its interests and firmly oppose any attempt to reach a trade deal that harms China’s interests, the Ministry of Commerce said on Thursday. He Yongqian, a spokeswoman for the ministry, made the remarks at a news conference, responding to questions about the trade deal the United States reached with…
Employees from State-owned China Railway Construction Corp’s 24th bureau operate a drone to conduct on-site construction checks in Shanghai. CHINA DAILY The Yangtze River Delta railway network reported a record 455 million passenger trips in the first half, with a daily average of 2.51 million travelers — a 4.6 percent year-on-year increase. China Railway Shanghai…
The Experimental Advanced Superconducting Tokamak (EAST) developed by the Hefei Institutes of Physical Science of CAS in Hefei, Anhui province, Jan 15, 2025. [Photo/Xinhua] HEFEI — Residents of Hefei say the city has two suns — one suspends in the sky and the other lies in an industrial park in the city’s suburb. Hefei, capital…