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China firmly opposes US’ restrictive trade moves

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[Photo/IC] The Ministry of Commerce said on Thursday that China has expressed strong dissatisfaction and resolute opposition to the United States Section 301 investigation, which proposes to impose restrictive measures on China’s maritime, logistics, and shipbuilding sectors. At a press conference, He Yadong, a ministry spokesperson, said the US Section 301 investigation is a blatant…

China to lower asset threshold for HK, Macao institutions investing in mainland insurers

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A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – The National Financial Regulatory Administration (NFRA) on Wednesday announced that China will lower the asset requirement threshold for Hong Kong and Macao financial institutions to invest in mainland insurers, as part of its efforts to deepen opening-up in the…

China’s tax policies invigorate private economy

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[Photo/VCG] BEIJING – China’s tax cuts, fee reductions and tax refunds aimed at supporting sci-tech innovation and the manufacturing industry benefited privately-owned market entities and stimulated the country’s private sector in 2024, official data showed on Wednesday. Total tax cuts, fee reductions and tax refunds resulting from these supportive policies amounted to approximately 2.63 trillion…

China to speed up airport customs clearance of high-tech, medical goods

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BEIJING – Chinese authorities announced Wednesday that the country would accelerate airport customs clearance for special goods, such as high-tech equipment and raw materials, certain medicines, medical devices and biological products. The move aims to further boost international air transport development and facilitate trade and personnel exchanges, according to a joint statement from the General…

‘Debut economy’ boosts China’s consumption vitality

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In China’s southern tech hub Shenzhen smartphone maker Oppo last week unveiled its latest flagship product — a foldable Find N5 notable for its slimness and lightness. [Photo/VCG] SHENZHEN – In China’s southern tech hub Shenzhen smartphone maker Oppo last week unveiled its latest flagship product — a foldable Find N5 notable for its slimness…

China’s market regulator assures industry leaders of fair market environment

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The skyline of Beijing. [Photo/VCG] The State Administration for Market Regulation, China’s top industry regulator, held a symposium on fair competition with executives from seven major companies, including energy and internet leaders, on Tuesday. Participants included Trina Solar, JA Solar, LONGi, Alibaba Group, JD, BAIC Group and Mercedes-Benz Group. Led by SAMR Deputy Director Meng…

Shanghai strengthens IP protection for foreign enterprises

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Tourists gather at the downtown area of Shanghai. [WANG GANG/FOR CHINA DAILY] BEIJING – Shanghai, a metropolis hosting over 75,000 foreign enterprises, is committed to providing equal intellectual property (IP) protection for international innovators as part of its efforts to foster a fair business environment, according to the local IP authority on Tuesday. The city…

A glimpse of Beijing World of Robots

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A robot from Galbot operates in an unattended scenario at the Beijing World of Robots in Beijing, Feb 24, 2025. [Photo/Xinhua] The Beijing World of Robots is located in the robotics industrial park in Beijing’s Yizhuang and serves as a comprehensive robot exhibition center, showcasing the latest achievements in robotics industry.  Tanks to chinadaily.com.cn Please…

China should further ease market entry to boost consumption, economist says

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Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] China can further ease the market entry to services consumption sectors while relaxing relevant price restrictions as part of efforts to create a new policy paradigm that prioritizes boosting consumption, which in turn drives investment, said a senior…

China sees robust growth in loans to small, micro firms

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Employees work on the production line of a high-tech company in Tianjin. [Photo/Xinhua] BEIJING — Official data showed that China saw robust growth in the outstanding sum of loans to small and micro companies by the end of 2024 amid government efforts to encourage inclusive financing. By the end of the fourth quarter (Q4) of…