BEIJING – The total value of China’s marine economy surpassed 10 trillion yuan ($1.4 trillion) in 2024 — a first in the country’s history, Zheng Shanjie, head of the National Development and Reform Commission, said on Wednesday. Zheng unveiled the data at a press conference, where he presented achievements in social and economic development during…
New vehicles from the Japanese auto makers Honda and Subaru are seen at a parking lot in the Port of Richmond, as trade tensions escalate after US President Donald Trump said he would impose a 25 percent tariff on goods from Japan and South Korea starting on Aug 1, at the bay of San Francisco,…
BEIJING – China’s Ministry of Commerce said Saturday that it has accepted price undertakings from 34 European Union (EU) brandy producers in the final ruling of an anti-dumping investigation into brandy imports from the EU. These companies will not be subject to anti-dumping duties when exporting to China, provided they meet the agreed terms, an…
China’s accelerated efforts to build a unified national market will not only eliminate domestic market barriers, but also open broader opportunities for foreign investors, as the country deepens market-oriented reforms and high-standard opening-up, experts said on Monday. “Building a unified national market is not just critical to smoothing out domestic circulation, but is also key…
Editor’s note: The State Council Information Office invited five representatives from the Customs department on Thursday to share their frontline stories of safeguarding the country’s borders and facilitating high-quality growth. Ye Wei, deputy director of the Office of Beilun Customs, Ningbo Customs District Ningbo Zhoushan Port is showcasing the strength of a world-class seaport, with…
Employees check lifting equipment at Tianjin Port. [Photo/Xinhua] China’s efforts to replicate pilot measures from the China (Shanghai) Pilot Free Trade Zone in more FTZs and other parts of the country will further promote trade liberalization, while providing stronger support for the growth of foreign businesses, said government officials on Friday. According to a State…
BEIJING — China’s Ministry of Commerce on Friday announced the final ruling of its anti-dumping investigation into brandy imports from the European Union (EU), saying that it will impose anti-dumping measures on these imports for a period of five years, effective Saturday. The investigation found that brandy imported from the EU involves dumping, posing an…
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…