CAI MENG/CHINA DAILY Almost all economists agree that a global trade war is a losing game for all, and will disrupt supply chains, inflate prices, defy the principles of comparative advantage and challenge World Trade Organization rules. Yet United States President Donald Trump sees tariffs not as an economic risk, but as a strategic tool…
A Spring Airlines aircraft lands at Shanghai Hongqiao International Airport in August. CHINA DAILY China should expand the scope of its unilateral visa-free policies and ramp up efforts in attracting foreign visitors, so as to further promote Chinese discourse and its narrative systems, said Wang Yu, president of Spring Airlines. Wang, who is also a member…
Export-bound vehicles await shipment at Taicang Port, Jiangsu province. JI HAIXIN/FOR CHINA DAILY Canada’s imposition of additional tariffs on Chinese goods has strained bilateral trade relations, and China reserves the right to respond decisively to any foreign tariff measures it perceives as discriminatory, experts and business associations said on Sunday. On Saturday, the Customs Tariff…
Senior officials attend a news conference on China’s economy at the third session of the 14th National People’s Congress in Beijing on Thursday. ZHANG WEI / CHINA DAILY China is putting a priority on fostering new quality productive forces and boosting technological innovation in its economic agenda for the year, as policymakers announced on Thursday…
China will impose additional tariffs ranging from 25 percent to 100 percent on certain imports from Canada starting on March 20, the Customs Tariff Commission of the State Council announced on Saturday. This decision follows the North American country’s move to levy additional tariffs on Chinese electric vehicles, steel and aluminum products in October last…
Zhejiang province in East China will bolster the development of new quality productive forces and accelerate the construction of a modern industrial system with local characteristics, aiming to nurture new growth drivers through scientific and technological innovation, said Liu Jie, governor of Zhejiang province. Liu made the remarks at the sidelines of the ongoing two…
Jiangxi is actively promoting the deep integration of technological and industrial innovation, with enterprises at the forefront and market demand as the guiding force, deputies to the National People’s Congress said during an open day event of Jiangxi’s NPC delegation on Thursday. In the past year, the province launched and implemented the Pioneer 2030 Project,…
The recent rally in Chinese equities still has legs as the ongoing two sessions have reinforced upbeat investor sentiment about the adoption of artificial intelligence leading to more capital inflow and further stock revaluations, said global asset managers and investment banks. Meng Lei, China equity strategist at UBS Securities, said on Friday that he expects…
Cai Qiang, a deputy to the 14th National People’s Congress addressing the media on the sidelines of the ongoing two sessions at the Great Hall of the People in Beijing, on March 8, 2025. [Photo by Zhang Wei/chinadaily.com.cn] Hainan Free Trade Port will begin independent customs operations this year and further upgrade its preferential tax…
Guo Yufeng, a national political advisor and the deputy general manager of Phytium Technology, a Chinese chipmaker, said that large model applications are indivisible with computing power support. As computing resources are still scarce, he suggested allocating computing power to areas that can generate practical output and improve efficiency to avoid waste of resources. Tanks…