Further improving the business environment is high on Shanghai’s agenda, as it helps the city better achieve its high-quality economic growth target, officials and industry experts said. All the 150 reform measures included in the business environment improvement action plan 7.0, which was released in February 2024, were completed by the end of last year,…
View of a Louis Vuitton store in Hangzhou, Zhejiang province, in October. LONG WEI/FOR CHINA DAILY Luxury brands are increasingly embracing adaptability and steadiness in the Chinese market, positioning themselves for sustainable growth amid evolving consumer preferences and a cautiously optimistic economic environment, according to the latest industry analysis. Top performers such as Moncler, Jaeger-LeCoultre,…
Electric bicycle riders don thick clothing on their way to work in Shanghai in November. CHINA DAILY BEIJING — China’s Ministry of Commerce and four other departments on Thursday announced new policies for the electric bicycle trade-in program for 2025. Individuals who trade in their old electric bicycles and purchase eligible new models will qualify…
Yin Liwu, a technician in Southwest China’s Yunnan province, conducts safety checks in his factory. [Photo provided to chinadaily.com.cn] Amid the country’s call for cultivating more highly-skilled workers and master craftsmen to boost its talent development, more youth are joining the rank to enhance their caliber. Shen Yingyin, a research at Soochow University in Jiangsu…
China’s non-financial outbound direct investment (ODI) surged 10.5 percent year-on-year to $143.85 billion in 2024, according to data from the Ministry of Commerce released on Sunday. China’s investment in the economies of the Association of Southeast Asian Nations grew by 12.6 percent on a yearly basis last year, primarily directed toward Singapore, Indonesia and Thailand,…
A stall selling bronze wares from Pakistan at the imported goods fair inside the Gakyiling Plaza Shopping Mall in Lhasa, Xizang autonomous region on Thursday. PALDEN NYIMA/CHINA DAILY An imported products fair kicked off on Thursday in Lhasa, the capital of the Xizang autonomous region, featuring non-staple Russian food, medicine from Thailand, Nepalese handicrafts, bronze…
A clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – China’s local governments issued new bonds worth 4.72 trillion yuan ($658.25 billion) in 2024, data from the Ministry of Finance showed Friday. Of the total, special bond issuance came in at 4.02 trillion yuan, while the issuance of general bonds…
People attend the World Economic Forum (WEF) annual meeting in Davos, Switzerland, on Jan 23, 2025. [Photo/Xinhua] Scientific and technological innovation and artificial intelligence have become new growth points in the world economy. To that effect, promoting intelligence-related industries is one of the focal points of discussions at the 2025 World Economic Forum Annual Meeting.…
A view of the Huangpu River in Shanghai. [Photo/VCG] BEIJING – China’s Ministry of Commerce will boost opening-up and ease market access in 2025, it said on Thursday. After all foreign investment restrictions in the manufacturing sector have been lifted, the opening-up of the services industry will be advanced steadily, promoting pilot programs in fields…
[Photo/VCG] China has launched a multiyear plan to ensure a continuous inflow of additional long-term funds into the A-share market, with the aim of providing direct support for the steady performance of the world’s second-largest stock market, officials said on Thursday. Analysts said the measures, potentially pumping in around 1 trillion yuan ($137.2 billion) of…