China’s service sector has sharpened its international competitiveness, with knowledge-intensive service exports recording robust growth, the Ministry of Commerce said on Thursday. China’s service exports jumped 15 percent year-on-year to 985 billion yuan ($136 billion) in the first four months, propelled by a rapid expansion of knowledge-intensive services, which now account for more than half…
A passenger views her photos on the camera of a photographer on the Train Y783 in Northeast China’s Heilongjiang province, Jan 25, 2026. [Photo/Xinhua] BEIJING — China will further promote the integrated development of its railway and tourism sectors and implement more measures to expand service consumption, according to a government document made public on…
A taxation official (left) explains tax regulations to a merchant in Huaian, Jiangsu province. ZHAO QIRUI/FOR CHINA DAILY China’s market entities continued to demonstrate improving tax and social security payment credit performance in 2026, with the number of creditworthy businesses steadily increasing and more companies actively repairing their credit records, said the State Taxation Administration.…
China’s marine economy continued to make progress in high-quality development in 2025, with a key development index rising 2.2 percent year-on-year to 128.8, according to the 2026 China Ocean Economic Development Index released on Wednesday by the Ministry of Natural Resources. Compiled by the National Marine Data and Information Service, the index uses 2015 as…
Shoppers check out Thai durians at a grocery market in Nanning, Guangxi Zhuang autonomous region, on May 12. YU XIANGQUAN/FOR CHINA DAILY China’s opening-up efforts are injecting momentum into bilateral trade with Thailand, especially for premium Thai exports such as durian and cosmetics, a leading Thai business representative has said. Confident that China will emerge…
After China’s central government raised the proportion of after-tax profits that State-owned enterprises must remit to the State, a growing number of provinces are following suit, aiming to ease widening fiscal revenue-expenditure gaps and free up more funds for social welfare and livelihood programs. The moves come as local governments face mounting fiscal pressures from…
A customer shops in the fruit aisle at a supermarket in Lianyungang, Jiangsu province, on Wednesday. GENG YUHE/FOR CHINA DAILY China’s factory-gate inflation grew in May at the fastest year-on-year rate since July 2022, even as consumer inflation remained moderate, adding to signs of strengthening reflation momentum and improving supply-demand dynamics across the industrial sector,…
China released a national report detailing its progress in implementing the United Nations’ New Urban Agenda, sharing practical experience and policy innovations in poverty eradication, urbanization, and improving living environments as part of its commitment to the 2030 Sustainable Development Goals. The report, titled Promoting High-Quality Urban Development Towards the United Nations 2030 Agenda for…
In an era of mounting global uncertainties, China and Brazil should move to fortify their economic partnership, with senior officials from both countries pledging on Tuesday to deepen financial cooperation and jointly inject stability into a volatile world economy. Their remarks came during the 12th China-Brazil Financial Subcommittee Meeting of the China-Brazil High-Level Coordination and…
This photo shows the Trade in Services Exhibition area during the eighth China International Import Expo (CIIE) in East China’s Shanghai, Nov 9, 2025. [Photo/Xinhua] BEIJING — China’s services trade expanded 4.9 percent year-on-year in the first four months of 2026, with exports of travel and knowledge-intensive services reporting particularly strong growth, according to data…