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…
Shein and Temu logos are seen in this illustration taken on Aug 22. [Photo/Agencies] The Trump administration’s latest tariff policy to cancel tax exemptions on low-value packages from China will disrupt the international trade order and increase costs for US consumers, according to Chinese industry associations and experts. The policy to end the de minimis…
China fired off a sweeping package of robust countermeasures on Friday — including a 34 percent tariff hike and rare earth export controls — in response to the latest round of sweeping tariffs adopted by the administration of United States President Donald Trump. More forceful and precise counterstrikes are still in Beijing’s pocket if Washington…
The DuPont’s logo. [Photo/VCG] The State Administration for Market Regulation, China’s top market regulator, announced on Friday night that it has launched an investigation into DuPont China Group, a subsidiary of the US firm DuPont, for suspected monopolistic practices in violation of China’s Anti-Monopoly Law. The move came as China launched on Friday at least…
Investor sentiment worsened after US President Donald Trump announced that the United States would implement “reciprocal tariffs” on imports from multiple countries, sparking concerns over a potential economic downturn for not only the US but other economies too. Government leaders of Japan, the Republic of Korea and Australia have called for responsive measures while analysts…
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] Despite the aggressive “reciprocal tariff” policy announced by the White House, senior economists believe that China’s strong domestic consumption potential and its people-centric investment strategies are well-positioned to offset the risks posed by these tariff hikes. “While the Chinese economy faces challenges, the…
People learn about a bionic humanoid robot at the Zhongguancun International Innovation Center during the 2025 Zhongguancun Forum Annual Conference in Beijing, capital of China, Mar 27, 2025. [Photo/Xinhua] BEIJING – The recently released 2024 annual reports of China’s listed banks highlight the diverse dynamics of China’s economic development, as banks, serving as the primary…
Nanjing, Jiangsu province, recently eased restrictions on property sales, which experts and market insiders said will help unleash local demand for housing purchases. The city government said on Monday that commercial residential properties can be traded with real estate ownership certificates, removing the restriction on property sales that required a minimum three-year holding period for…
BEIJING – China has expedited efforts to improve its social credit system and build a creditworthy society as part of the country’s broader push to advance a market-oriented economy. The country has made progress in areas such as credit information sharing and the enforcement of penalties against bad-faith actions, as part of efforts to strengthen…