As the world grapples with rising unilateralism and protectionism, China said multilateralism is the inevitable solution to the challenges facing the world and the country’s door to the outside world will only open wider. It has also been reiterated that China’s policies to attract foreign investment have not changed and will not change. Speaking at…
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People take photos with blooming flowers in Chaoyang district of Beijing on April 5, 2025. [Photo/Xinhua] China’s consumption boomed during Qingming Festival, also known as Tomb-Sweeping Day, running from Friday to Sunday, the Beijing Daily reported on Monday. The Qingming Festival holiday is expected to bring about 790 million cross-regional trips in China, an increase…
Investors gather at a counter of the Shanghai Stock Exchange in Shanghai. [Photo provided to China Daily] Chinese stocks ended lower Monday, with the benchmark Shanghai Composite Index down 7.34 percent, at 3,096.58 points. The Shenzhen Component Index closed 9.66 percent lower at 9,364.50 points. The ChiNext Index, China’s NASDAQ-style board of growth enterprises, fell…
US President Donald Trump shows an executive order on “reciprocal tariffs” at the Rose Garden of the White House in Washington, DC, the United States, on April 2, 2025. [Photo/Xinhua] The latest round of sweeping tariffs from the United States will impact many European companies’ supply chain operations in China and other parts of the…
A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] BEIJING — China’s foreign exchange reserves have remained above $3.2 trillion for 16 straight months, official data showed Monday. The reserves amounted to $3.24 trillion at the end of March, up by $13.4 billion, or…
MUFG China is hitting a “sweet spot” as Chinese companies accelerate to expand their footprint in the Asian market, making China-related business increasingly crucial to the Japanese banking group’s layout in the region, said an executive. “We’ve been helping more and more of our clients operate and grow their business in this region in the…
An aerial photo taken on March 4, 2025 shows a vessel about to dock and unload containers at Qinzhou Port in Qinzhou, South China’s Guangxi Zhuang autonomous region. [Photo/Xinhua] Based on rough estimates, if the United States ends the duty-free “de minimis” treatment of low-value imports from China, each US household is projected to face…
People take photos with blooming flowers in Chaoyang district of Beijing on April 5, 2025. [Photo/Xinhua] Qingming Festival, or Tomb-Sweeping Day, fell on April 4 this year. It is a traditional Chinese festival during which people pay tribute to the dead and worship their ancestors. The holiday also provides a short break for China’s residents…
Consumers browse toys at a Jellycat counter in Shanghai on Jan 20. CHINA DAILY A normal-sized plush toy retails for around 50 yuan ($6.9) on average in China. However, a 31-centimeter version plush toy from London-based toymaker Jellycat is priced at 399 yuan or more, and flies off the shelves the moment it becomes available. These…