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Leaders’ visits offer view of China’s future

[Photo/Xinhua] Humanoid robots performing martial arts, robotic dogs demonstrating their agility and robots dancing to foreign folk music have become some of the more unusual scenes on foreign leaders’ trips to China this year. Behind the eye-catching moments is a broader trend: China’s vast market and technological strength are drawing visiting leaders beyond formal talks…

Guangdong RCEP tariff concessions grow 32 percent for second straight year

Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] Tariff concessions at Guangdong import and export ports rose by more than 32 percent for the second consecutive year in 2025, as the province marks the third anniversary of the full implementation of the Regional Comprehensive Economic Partnership…

Shanghai deepens push as global asset management hub

Shanghai unveiled an ambitious blueprint to strengthen its position as a global asset management hub, setting a target of 55 trillion yuan ($8.12 trillion) in assets under management by 2030 — equivalent to one-third of the national total — as it seeks to enhance the global allocation and risk management functions of renminbi-denominated assets. The…

100 trln yuan govt debt seen as controllable

China’s outstanding government debt has likely topped the 100 trillion yuan ($14.8 trillion) mark, though despite the scale, experts said the overall risk remains “safe and controllable” as the debt burden is moderate by global standards and funded projects are mainly quality assets. According to the People’s Bank of China, the country’s central bank, the…

Shanghai streamlines services to attract biz

Shanghai’s continued efforts to integrate government services and improve efficiency will enhance its appeal to market entities at home and abroad while supporting the city’s high-quality development, officials and business executives said. The municipal government recently unveiled an action plan containing 26 measures aimed at deepening the integration of government services across administrative departments and…

New Chinese trade secret regulations take effect

China brought new trade secret regulations into force on Monday that explicitly extend legal protection to data and algorithms for the first time. The move marked broader efforts of China to strengthen safeguards for digital assets amid growing competition in artificial intelligence and advanced technologies. The new rules, issued by the State Administration for Market…

Beijing launches first online departure tax refund store

Beijing launched the country’s first online departure tax refund store and introduced centralized refund services at selected hotels on Tuesday, the latest in a series of moves to make tax refunds more convenient for overseas travelers and boost inbound consumption, the Beijing Municipal Tax Service said. The online store — available on JD, one of…

China services trade fair to debut support zone for firms expanding overseas

A glance at the Shougang Park, the permanent venue of the China International Fair for Trade in Services. [Photo provided to chinadaily.com.cn] BEIJING — China’s flagship services trade fair will add a dedicated area this year for companies seeking support in expanding overseas, Beijing authorities said on Monday. The 2026 China International Fair for Trade…

Overseas investment regulation acclaimed

China’s latest move to regulate outbound investment will bolster high-level opening-up, expand international investment cooperation and better safeguard the legitimate rights and interests of Chinese companies operating overseas, said market watchers and business leaders. On Monday, a new regulation on outbound investment was unveiled by the State Council, China’s Cabinet, which will take effect on…

Stabilizing Asia-Pacific economic, trade foundation

CAI MENG/CHINA DAILY The global economic and trade landscape is undergoing profound restructuring, with geopolitical tensions becoming increasingly complex and a new round of technological revolution and industrial transformation gathering pace. As challenges such as climate change and demographic shifts become increasingly intertwined, Asia-Pacific Economic Cooperation economies face a shared imperative — to build a…