Li Yunze, head of the National Financial Regulatory Administration of China, gives an interview after the opening meeting of the third session of the 14th National People’s Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 5, 2025. [Photo/Xinhua] China will guide its banking and insurance sectors to channel…
China will introduce new policies to strengthen the supervision of the platform economy to foster a healthier market and support platform firms to play a bigger role in competing globally, said the country’s top market regulator at the sidelines of the ongoing two sessions on Wednesday. Luo Wen, head of the State Administration for Market…
Many enterprises are accessing AI large language model platforms after DeepSeek, a Chinese AI startup, released its DeepSeek R1 large model in January, said Yang Chengzhang, member of the CPPCC National Committee and chief economist of Shenwan Hongyuan Securities, during an interview. He stated that the country should take science and technology as the driving…
The opening meeting of the third session of the 14th National People’s Congress (NPC) is held at the Great Hall of the People in Beijing, capital of China, March 5, 2025. [Photo/Xinhua] China has set a growth target of “around 5 percent” for 2025, the same as last year’s figure, as the world’s second-largest economy…
China will impose tariffs ranging from 10 percent to 15 percent on imports from the United States, the Customs Tariff Commission of the State Council announced on Tuesday. This decision follows the US government’s announcement on Monday of an additional 10 percent tariff on all Chinese exports to the US, citing fentanyl-related concerns. The US…
China is accelerating the revising and finalization of a draft law aimed at promoting the growth and protection of private enterprises, the National People’s Congress, the country’s national legislature, said at a news conference on Tuesday, one day ahead of the opening of its annual session. Lou Qinjian, spokesman for the third session of the…
The essence of China-US economic and trade relations is mutual benefit and win-win cooperation, said Lou Qinjian, spokesman for the third session of the 14th National People’s Congress, at a news conference in Beijing on Tuesday. Since the establishment of diplomatic ties 46 years ago, bilateral trade between the China and the US has grown…
HONG KONG — The Second Agreement Concerning Amendment to the Mainland and Hong Kong Closer Economic Partnership Arrangement Agreement on Trade in Services (agreement II) was implemented on Saturday, allowing Hong Kong to accelerate its integration into the overall national development. The agreement II further opens up the services market of the Chinese mainland to…
Employees work on a production line of NEV maker BYD in Xi’an, Shaanxi province. [YUAN JINGZHI/FOR CHINA DAILY] China’s emphasis on cultivating new quality productive forces through scientific and technological innovation, reiterated by President Xi Jinping, will drive industrial upgrades, give strong impetus to high-quality economic growth and enhance the country’s core competitiveness globally amid…
A drone view shows shipping containers from China, at the China Shipping (North America) Holding Company Ltd facility at the Port of Los Angeles in Wilmington, California, February 4, 2025. [Photo/Agencies] China firmly opposes the United States’ latest threat to impose an additional 10 percent tariff on Chinese imports next week, vowing to take necessary…