A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] China’s fiscal revenue decline narrowed in the first five months, with tax revenue continuing to recover steadily and certain industries maintaining solid tax contributions, according to the latest official data released by the Ministry of Finance on Friday. China’s…
China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. [Photo/Xinhua] China and the European Union have agreed to make joint efforts, based on the principle of mutual benefit, to lay a solid foundation for advancing this year’s key bilateral agenda, said the Ministry of Commerce. They also agreed to promote the sound,…
Consumers discuss details about a cell phone with an assistant at a shopping mall in Shushan district, Hefei, Anhui province, April 26, 2025. [Photo/VCG] China’s consumer products trade-in policy will remain unchanged this year, and different regions’ overall progress of using the subsidies is in line with expectations. The subsequent fund will be allocated in…
Shoppers browse digital products offering trade-in subsidies at a store in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY BEIJING — China has reaffirmed its support for the national consumer goods trade-in program, ensuring continued funding to sustain the government subsidy payment throughout 2025. The program, a key part of the country’s broader strategy to stimulate…
A woman takes selfie with art toys in a new Pop Mart offline store in Bangkok, Thailand, July 5, 2024. [Photo/Xinhua] Dongguan, Guangdong province, a manufacturing hub for the global toy industry, is undergoing a transformation to make more collectible and designer toys, driven by domestic demand and international appeal. From contract manufacturing to original…
Containers are loaded onto a China-Vietnam freight train at Nanning International Railway Port in Nanning, capital of South China’s Guangxi Zhuang autonomous region. [Photo/Xinhua] NANNING — At a fully automated production line in South China’s Guangxi Zhuang autonomous region, cans of energy drinks rolled off conveyors, destined for shelves across China. Operated by Thai conglomerate…
China will further streamline the approval process for compliant rare earth export applications, said the Ministry of Commerce on Thursday. [Photo/Xinhua] China will further streamline the approval process for compliant rare earth export applications as part of broader efforts to maintain the stability of global industrial and supply chains, said the Ministry of Commerce on…
A view of Shanghai Pudong Development Bank in Shanghai. CHINA DAILY With Shanghai’s strong links to the Chinese mainland market and Hong Kong’s status as a global financial gateway, the two cities’ differentiated strengths form a uniquely complementary partnership that could drive China’s rise as a global financial powerhouse, according to Zhang Weizhong, chairman of Shanghai…
CAI MENG/CHINA DAILY The Global South has soared since the 1980s. As developed economies’ share of global GDP declines, emerging markets have seen their proportion rise from approximately 15 percent to 42 percent. In purchasing power parity terms, emerging markets collectively surpassed developed economies as early as 2008, while BRICS overtook the G7 in around…
Jee Hoong Tan, the hotel manager at Sindhorn Kempinski Hotel Bangkok, underscored the pivotal role Chinese tourists play in Thailand’s hospitality sector, noting that “30 percent of our customers are from China,” solidifying China as the primary source of customers for his hotel. Tan further highlighted their tailored menus, recruitment of Mandarin-speaking personnel, and the…