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Pet market recovery signals economic rebound

A man carries a pet cat by Huangpu River in Shanghai on April 5.[TANG YANJUN/CHINA NEWS SERVICE] China’s pet industry recovered strongly in 2024, with the urban consumption market for pet dogs and cats surpassing 300.2 billion yuan ($41.1 billion), up 7.5 percent year-on-year, according to the 2025 China Pet Industry White Paper recently released…

Britain sees expo as springboard to local mkt

This photo taken on April 10, 2025 shows the Hainan International Convention and Exhibition Center, the main venue of the upcoming fifth China International Consumer Products Expo (CICPE) in Haikou, Hainan province. [Photo/Xinhua] British businesses are seizing the spotlight as the United Kingdom takes center stage at the 5th China International Consumer Products Expo in…

MOC: US’ tariffs on certain Chinese exports as high as 245%

A drone photo taken on April 8, 2025 shows a view of a container terminal of Tianjin Port in North China’s Tianjin. [Photo/Xinhua] China has taken note of the accumulation of various tariffs imposed by the United States, which have reached as high as 245 percent on certain Chinese exports, a clear indication of the…

China, Vietnam sign MOU to deepen cooperation on market competition

This photo taken on April 9, 2025 shows a view of Long Bien Bridge, a historic bridge across the Red River, in Hanoi, Vietnam. [Photo/Xinhua] China and Vietnam signed a memorandum of understanding (MOU) to strengthen bilateral cooperation in the field of market competition, the State Administration for Market Regulation said on Wednesday. The MOU…

Chinese investors boost growth in Malaysia

Workers process palm oil imported from Malaysia on a production line at the factory owned by COFCO Corp at the China-Malaysia Qinzhou Industrial Park in the Guangxi Zhuang autonomous region on June 13, 2024. ZHANG AILIN/XINHUA Mazlim Husin, chief commercial officer of Kuantan Port, has personally seen how Chinese investments have transformed Kuantan — the…

China’s per capita disposable income up 5.5% in Q1

People enjoy a meal at a restaurant in a historical block in Nanhu district of Jiaxing city, East China’s Zhejiang province. [Photo/Xinhua] BEIJING — China’s per capita disposable income increased by 5.5 percent year-on-year in nominal terms in the first quarter (Q1) of 2025, official data showed on Wednesday. The country’s per capita disposable income…

HK bourse shines as US-listed Chinese firms may return home

Hong Kong Exchanges and Clearing is pictured. [Photo/VCG] Financial analysts say the anticipated return of an unknown number mainland companies to the Hong Kong capital market for listings will enhance the city’s capital-raising role and will further propel trading volume of the city’s stock exchange. “We note that the capital raising of American Depository Receipts…

Guangzhou offers new subsidies to boost spending

An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY Guangzhou, capital of Guangdong province, has put in place trade-in subsidies for compatriots from Taiwan and the Hong Kong and Macao special administrative regions as well as foreign nationals, in order to further spur and expand consumption. The move…

Giant domestic mkt hedge against tariffs

  This photo taken on April 10, 2025 shows the Hainan International Convention and Exhibition Center, the main venue of the upcoming fifth China International Consumer Products Expo (CICPE) in Haikou, capital of South China’s Hainan province. [Photo/Xinhua] As the complexity, severity and uncertainty of the external environment continue to intensify, China’s foreign trade has…

Inclusive AI governance for all: WIC releases report on AI governance

The World Internet Conference (WIC) released its report on Governing AI for Good and for All — Empowering Global Sustainable Development at the Asia-Pacific Summit in Hong Kong on April 14‌. Focusing on AI governance and sustainable development, the report presents the global progress, current developments, and existing issues in AI for sustainable development, with…