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China, Peru boost cooperation through smart city exchanges

An exchange and matchmaking event focused on deepening digital economy cooperation between China and Peru has been successfully held. [Photo provided to chinadaily.com.cn] An exchange and matchmaking event focused on promoting cooperation in fields like digital economy, science and technology, industry and investment between China and Peru was successfully held by Beijing Shichuang Yida Technology…

Proactive policy sees China issue record number of government bonds

China’s government bond issuance reached a historic high in the first half of the year, as the country’s policymakers have pursued a more proactive fiscal policy, the Ministry of Finance said on Friday. Tang Longsheng, deputy director of the treasury payment center, told a press conference that China issued 7.88 trillion yuan ($1.1 trillion) worth…

China’s tax-paying business entities exceed 100 million by June

BEIJING — As of the end of June this year, the number of tax-paying business entities in China had exceeded 100 million, representing a net increase of 30 million since the end of 2020 and underscoring the market dynamism and resilience, according to a press conference on Monday. Tanks to chinadaily.com.cn Please visit: Our Sponsor

‘U-shaped’ pattern in economic growth

The view of Shanghai’s CBD is seen in this photo. [Photo/VCG] In recent years, China’s economic growth has exhibited a “U-shaped” pattern, with strong momentum in the first quarter, slight pressure in the second, growing downward pressure in the third and a rebound in the fourth. This trend is largely driven by slower domestic momentum…

Stimulating consumption a three-tier challenge necessitating coordinated plan

[Cai Meng/China Daily] If China advances these three dimensions in a coordinated manner — boosting consumption propensity, restructuring consumption patterns and activating consumer groups — the country could theoretically add around 25.5 trillion yuan ($3.56 trillion) in new consumption over the next five years. Against the backdrop of an all-round effort to expand domestic demand…

Conference emphasizes need to bolster cross-border AI governance

Two key outcomes — the “Global AI Governance Rules Map 2025” and “Global AI Governance Regulation Collaboration Research Platform” — were launched at the 2025 World Artificial Intelligence Conference (WAIC) in Shanghai on Sunday. [Photo provided to chinadaily.com.cn] Two key outcomes — the “Global AI Governance Rules Map 2025” and “Global AI Governance Regulation Collaboration…

China, US gear up for pivotal trade talks

As high-ranking negotiation teams from China and the United States gear up for the third round of trade talks, set to begin soon in Sweden, analysts said Beijing will arrive with a clear and consistent message: Equal dialogue and mutually beneficial cooperation is the only path forward. The meeting, following talks in Geneva in May…

China-ASEAN trade through Zhuhai Port crosses $3b in H1

The value of imports and exports between China and ASEAN through the Zhuhai port of the Hong Kong-Zhuhai-Macao Bridge grew rapidly in the first half of 2025. [Photo provided to chinadaily.com.cn] The Hong Kong-Zhuhai-Macao Bridge, a mega cross-sea project in the Guangdong-Hong Kong-Macao Greater Bay Area, has played an increasingly crucial role as an economic…

China’s industrial profits down 1.8% in H1

A drill site of Sinopec’s Shengli Oilfield in Dongying, Shandong province. WANG GUOZHANG/FOR CHINA DAILY BEIJING — Profits of China’s major industrial firms dropped by 1.8 percent year-on-year in the first half of 2025, official data showed Sunday. Industrial firms with an annual main business revenue of at least 20 million yuan ($2.8 million) saw their…

Vice-premier to hold trade talks with US in Sweden

Beijing and Washington are set to hold the third round of trade talks in Sweden, a positive development that analysts said will not only help the world’s two largest economies steady their ties, but also inject much-needed certainty into the global economy. Vice-Premier He Lifeng will be in Sweden from Sunday to Tuesday to hold…