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China building more diversified, innovative financial system

Pan Gongsheng, governor of China’s central bank, provided a comprehensive overview of the evolving characteristics of the country’s financial structure and changes in financing data in his keynote speech at the 2026 Lujiazui Forum on June 17. Examining the issue from the perspectives of China’s transition to a new stage of economic development, industrial upgrading…

Safeguards in pipeline for e-commerce

China proposed amendments on Saturday to its e-commerce law that would, for the first time, build a solid legal basis for taking reciprocal countermeasures against foreign entities that impose discriminatory restrictions on Chinese e-commerce companies. The draft amendments, which were jointly released by the State Administration for Market Regulation and the Ministry of Commerce, represent…

Legoland Shanghai draws big crowds in 1st year

Legoland Shanghai Resort celebrated its 1st anniversary on July 5 by smashing a global record. The park welcomed over 2 million visitors in its debut year. John Jakobsen, chief strategic portfolio development officer at Merlin Entertainments, noted that the turnout exceeded expectations, adding: “We have never seen guests as satisfied and positive with the experience as they have…

Exoskeleton donation shows ‘warmth of technology’

When a major fire broke out in Tai Po, Hong Kong, last year, Hypershell, rooted in the Guangdong-Hong Kong-Macao Greater Bay Area, donated 200 units of exoskeleton equipment and dispatched a technical support team to the frontline. A testament to the renowned “Shenzhen speed” of innovation and “warmth of technology” in action. Tanks to chinadaily.com.cn…

China introduces draft amendments to protect platform companies going global

China released on Saturday draft amendments to its e-commerce law for public consultation, introducing new measures to support platform companies expanding overseas and protect their interests in international markets. The draft revisions, jointly released by the State Administration for Market Regulation and the Ministry of Commerce, are open for public comment until Aug 4. The…

China, UK step up services trade cooperation

Chinese Commerce Minister Wang Wentao and United Kingdom Secretary of State for Business and Trade Peter Kyle co-chair the 15th meeting of the China-UK Joint Economic and Trade Commission in London on Thursday. They exchanged in-depth views on trade, investment and regional and multilateral cooperation. [Photo provided to China Daily] China and the United Kingdom’s…

CSRC mulls doubling fast-track refinancing cap to bolster innovation

China’s securities regulator is seeking public feedback on a package of proposed refinancing rule changes, including plans to raise the ceiling for fast-track small refinancing, as part of efforts to strengthen the capital market’s support for innovation-driven companies. The China Securities Regulatory Commission said on Friday that it is revising refinancing rules for listed companies…

China unveils plan to boost circular economy

BEIJING — China’s National Development and Reform Commission (NDRC) said Friday that it has released a plan to advance the development of the country’s circular economy during the 15th Five-Year Plan period (2026-30). By 2030, a circular economy system covering production, consumption, recycling and utilization will be further optimized, with the resource recycling industry’s output…

‘Shanghai Summer’ Intl Consumption Season to attract more inbound travelers

Shanghai’s Party secretary announced the commencement of the 2026 “Shanghai Summer” International Consumption Season. [Photo by Shi Jing/chinadaily.com.cn] The 2026 “Shanghai Summer” International Consumption Season, which has entered its third edition this year, will come up with more new scenarios and further improve its services to attract more inbound travelers, officials and industry experts attending…

AI-related positions driving campus recruitment

Artificial intelligence capabilities are becoming increasingly essential for China’s graduating students, as AI-related positions jumped nearly 50 percent year-on-year and now account for almost four in every 10 campus recruitment openings, according to a new industry report. The report, released by Chinese recruitment platform Maimai, showed that the number of campus recruitment openings grew 3.56…