As the global economic recovery faces significant headwinds amid rising geopolitical risks, China is doubling down on high-standard opening-up, offering multinational corporations something that has become increasingly scarce: market stability, policy predictability and a vast consumer base, officials and experts said. “The global economy is undergoing profound adjustments, and the uncertainty around the recovery is…
A view of the port area of Binhai New Area in Tianjin. XINHUA Over the past decades, Binhai New Area, a coastal area of Tianjin, has transformed from a patch of saline-alkali wasteland into a modern, eco-friendly district, and is now shaping a new growth model centered on green development, officials said. “Binhai has become…
More than 350 foreign executives from 36 countries and regions have confirmed attendance at the upcoming seventh Qingdao Multinationals Summit, which will kick off in Qingdao, Shandong province, on June 15, Wen Nuan, vice-governor of the province, said on Tuesday. The two-day summit, jointly hosted by the Ministry of Commerce and the Shandong Provincial Government,…
China’s basic medical insurance coverage remained stable at over 1.3 billion people in the first quarter of this year, with contribution revenues reaching 598.1 billion yuan, up 5.3 percent year-on-year, according to data from the State Taxation Administration. Latest tax figures showed that the number of employed people paying basic medical insurance premiums stood at…
A livestreamer (center) promotes tea sales during an expo in Beijing last week. CHINA DAILY A month-long live e-commerce shopping gala kicked off on Saturday in the capital’s Fengtai district, aiming to invigorate the consumer market by seamlessly integrating online shopping with cultural, tourism and entertainment experiences. The event was officially launched at an international…
China is becoming a deeply aging society at an unprecedented pace. By the end of 2025, the country’s population aged 60 and above had reached 323 million, accounting for 23 percent of the total population. It is projected that the elderly population will grow at an average annual rate of 3.6 percent during the 15th…
The 2026 Asia-Pacific Economic Cooperation Ministers Responsible for Trade Meeting concluded on Saturday in Suzhou, Jiangsu province, after helping forge broad consensus among participating economies on economic and trade cooperation, government officials and business executives said. Speaking at a news conference after the meeting, Commerce Minister Wang Wentao said that representatives from APEC economies, APEC…
NANJING — The 2026 APEC Ministers Responsible for Trade Meeting that concluded Saturday in China’s Suzhou has actively sought the broadest common ground for all parties to participate in economic and trade cooperation, China’s Commerce Minister Wang Wentao said. Participants of the meeting, including representatives from 21 APEC economies, APEC observers, the World Trade Organization…
China saw the actual use of foreign direct investment in high-tech industries surge 20.3 percent year-on-year to 116.33 billion yuan ($17.12 billion) in the first four months of 2026, accounting for 40.4 percent of the country’s total FDI, data from the Ministry of Commerce showed. Meanwhile, the share of FDI flowing into high-tech industries rose…
As competition between China and the United States increasingly centers on technological and industrial capabilities, China should focus on leveraging its strengths of a super-large market while accelerating institutional reforms to enhance innovation capacity, said a senior economist. The remarks came as China and the US agreed to build a relationship of “constructive strategic stability”.…