China and the United States have recently confirmed detailed arrangements for implementing the important consensus reached during the phone call between the two heads of state on June 5, and for consolidating the outcomes of their economic and trade talks in Geneva, the Ministry of Commerce said on Friday. In response to media reports that…
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BEIJING – The State Administration of Foreign Exchange has recently granted a total of $3.08 billion in investment quotas to eligible Qualified Domestic Institutional Investors (QDII) to meet the demand for overseas asset allocation, it said Monday. The move aims to further support QDII institutions in conducting cross-border investment activities in compliance with laws and…
BEIJING – China’s finance, taxation, and commerce authorities on Monday unveiled a tax incentive granting foreign investors a 10 percent corporate income tax credit on direct domestic investments funded by dividends from Chinese resident companies. The measure, which takes effect from Jan 1, 2025 through Dec 31, 2028, allows unused credits to be carried forward…
People visit the 3rd Tianjin International Shipping Industry Expo in Tianjin, North China, June 12, 2025. [Photo/Xinhua] Fueled by diverse application scenarios and strong innovation momentum, China has emerged as a prime destination for foreign investment, underpinned by broad strategic advantages amid profound shifts in the global economic landscape, said heads of foreign corporations. Highlighting…
A robot on display at the 20th China International Small and Medium Enterprises Fair in Guangzhou, Guangdong province. CHINA DAILY China has now cultivated over 600,000 high-tech and innovative small and medium-sized enterprises, positioning them as central engines for high-quality growth and global industrial resilience, officials and experts said. Minister of Industry and Information Technology Li…
China has unveiled new guidelines to optimize the evaluation of science and technology achievements, promoting scientific innovation that aligns with key national strategies. The revised guidelines, issued by the Ministry of Science and Technology on Monday, stipulate that the national science and technology awards shall adhere to the national strategic orientation, focusing on the global…
An aerial view of Xiamen’s coastline on March 25, 2025. [Photo/VCG] Xiamen, a city of Fujian province on China’s southeastern coast, is committed to developing itself into a regional financial center, the city’s senior official has said. A meeting with financial institutions, held in Beijing on Saturday, heard that the city is accelerating efforts to…
A staff member (right) introduces the household appliances trade-in program to people in a Suning store in Jiaxing, Zhejiang province, on June 2. JIN PENG/FOR CHINA DAILY BEIJING — Though lesser-known globally, China’s provincial-level economic powerhouses, including Guangdong, Jiangsu, Shandong and Zhejiang, wield influence rivaling the world’s top 20 economies. The country’s top 10 economic giants,…
CAI MENG/CHINA DAILY This year, China’s economy continues to demonstrate strong inertia and resilience in maintaining stable growth and quality enhancement. Amid internal and external pressures, China’s macroeconomic policies have been characterized by proactive and well-targeted measures to bolster domestic demand, industrial upgrading and structural optimization, propelling the economy toward higher-quality and more sustainable growth.…