Tourists from Australia visit the Tiantan (Temple of Heaven) Park in Beijing, capital of China, May 1, 2025. [Photo/Xinhua] China plans to accelerate the availability of tax refund stores for eligible overseas visitors to about 10,000 shops nationwide this year, almost tripling the current number, as the country continues to boost inbound tourism and consumption,…
China will take firm measures to safeguard the legitimate interests of its companies, following the United States’ latest attempt to block the global use of Huawei Technologies’ Ascend artificial intelligence chips, the Ministry of Commerce said on Thursday. At a weekly news briefing in Beijing, ministry spokeswoman He Yongqian said that the latest US announcement…
A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] BEIJING — China issued 10.06 trillion yuan ($1.39 trillion) in new yuan-denominated loans in the first four months of 2025, central bank data showed on Wednesday. At the end of April, outstanding yuan loans amounted to 265.7 trillion yuan, up 7.2 percent…
With China and the United States agreeing to de-escalate trade tensions, European companies are urging both sides to resolve differences through constructive engagement and refrain from actions that could disrupt global trade and investment activities, said the European Union Chamber of Commerce in China. While the chamber is encouraged by the tariff adjustment measures announced…
A new report assessing the investment environment of countries in Latin America has been released, providing support for Chinese enterprises to go global and help promote high-quality bilateral development. Latin America has abundant natural resources, vast market capacity and diverse social structure, which boasts significant development potential in the medium and long-term, said the report…
This photo taken on April 30, 2025 shows trucks at a cargo dock of Qingdao Port in Qingdao, East China’s Shandong province. [Photo/Xinhua] Business groups and economists have welcomed the tariff adjustment measures announced by China and the United States on Monday, expressing the hope that the 90-day triple-digit tariff respite will allow both countries…
A Linyi-Uzbekistan economic and trade fair was held on May 11 in Tashkent, Uzbekistan, serving as an important exchange platform for trade and enterprise representatives from both sides. During the fair, Linyi in East China’s Shandong province introduced a comprehensive digital service platform of the Linyi Trade City. In addition, several cooperation agreements involving procurement,…
A futuristic model of an intelligent connected vehicle is on display at the 8th Digital China Summit in Fuzhou, Fujian province, on April 28. WANG WANGWANG/FOR CHINA DAILY At the 8th Digital China Summit held in Fuzhou, Fujian province, from April 29 to 30, the spotlight shone brightly on China’s accelerating artificial intelligence revolution. A robotic…
Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Xinhua] China’s upcoming reduction in the reserve requirement ratio to zero for certain financial institutions has potentially unlocked substantial scope for further monetary easing, with another cut to the RRR likely in the second half of the year, analysts…
Tourists visit the Puyuan Fashion Resort in Puyuan town of Tongxiang city of Jiaxing, East China’s Zhejiang province, May 12, 2025. [Photo/Xinhua] As external uncertainties continue to escalate, consumption, particularly in the services sector, is poised to assume an increasingly important role in underpinning the Chinese economy this year, analysts said. A high-level meeting convened…