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Shanghai business environment praised by Japanese companies

A booklet that brought together 58 Japanese business managers to share management experience, circling human resources, was released at a conference held by China International Intellectech Co Ltd in Shanghai on Friday. [Photo provided to chinadaily.com.cn] More than 320 senior managers and human resources executives from 200 Japanese companies gathered at a conference held by…

PBOC signals measured path for monetary easing

Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Xinhua] China’s central bank has signaled a measured approach to monetary easing this year, pledging to maintain ample liquidity to support economic recovery, according to a statement released on Thursday following a meeting held by the People’s Bank of…

Hefty port entrance fees likely pass on to consumers in the US

The United States’ plan to impose substantial port docking fees on Chinese ships is likely to be passed on to the consumers in the US, according to Zhou Dequan, chief economist of the Shanghai International Shipping Institute. The US Trade Representative (USTR) on February 21 proposed hefty fees on Chinese-built vessels entering US ports to…

How China is lifting consumer spending to boost its growth

A salesman shows how to use a car’s central control system to a potential buyer at a 4S store in Hohhot, Inner Mongolia autonomous region, on March 5. DING GENHOU/FOR CHINA DAILY BEIJING — Vowing to make domestic demand “the main engine and anchor of economic growth”, China’s policymakers have sent fresh and firm signals…

More diversified, vital pension system sought to ensure smoother golden years

An undated photo shows an elderly woman dining at a nursing home in Hangzhou, East China’s Zhejiang province. [Photo by Sun Yidou/For China Daily] With increasing policy support and market innovation, a more diversified and vital pension finance market is being formed in China amid rapid population aging. Pension finance, put forward as one of…

Shanghai’s Yangpu launches business development meeting

A meeting on high-quality business development and high-level opening-up in Yangpu took place at the Shanghai People’s City Practice Exhibition Hall on Friday. [Photo by He Qi/chinadaily.com.cn] A meeting on high-quality business development and high-level opening-up in Yangpu district took place at the Shanghai People’s City Practice Exhibition Hall on Friday. Certificates were awarded to…

Feel-good spending set to unlock China’s huge consumer potential

Customers purchase goods at a Pangdonglai store in Xuchang, central China’s Henan province, Aug. 22, 2024. [Photo/Xinhua] Editor’s note: China is evolving into a consumption-driven economy. As it strives to revitalize consumption, the focus has shifted beyond price competition to tailored innovation, where personalized demand fuels premium-quality supply and shapes new consumption landscapes. At this…

Vitality of private sector high on agenda

A solar-panel component production line at a private company in Shizuishan, Ningxia Hui autonomous region. YUAN HONGYAN/FOR CHINA DAILY Private enterprises, buoyed by China’s advancing modernization drive, voiced optimism regarding the future trajectory of the private sector economy despite challenges, during the recently concluded two sessions. The comments aligned with the key priorities detailed in the…

Campaign launched against illegal financial businesses and crimes

China’s police and financial authorities have launched a six-month-long joint campaign to crack down on illegal financial businesses and crimes. The Economic Crime Investigation Department of the Ministry of Public Security and the Investigation Bureau of the National Financial Regulatory Administration held a meeting on Friday, rolling out plans for the campaign. The campaign called…

AI labeling to fight spread of fake info

Chinese authorities issued guidelines on Friday requiring labels on all artificial intelligence-generated content circulated online, aiming to combat the misuse of AI and the spread of false information. The regulations, jointly issued by the Cyberspace Administration of China, the Ministry of Industry and Information Technology, the Ministry of Public Security, and the National Radio and…