China rolled out a plan on Monday to stabilize foreign investment this year, signaling the country’s determination to achieve high-level opening-up in the face of rising global protectionism, analysts said. The plan, adopted at the State Council executive meeting chaired by Premier Li Qiang, outlined more practical and effective measures to both retain existing and…
US President Donald Trump [Photo/Agencies] US President Donald Trump said on Sunday that he will announce 25 percent tariffs on all steel and aluminum imports into the country on Monday, which analysts said will make it even harder for the White House to tame persistent inflation. The ongoing trade war initiated by the United States…
Customers dine at a restaurant in Shanghai, Feb 4, 2025. [Photo/VCG] Given the clear success of last year’s consumption vouchers, Shanghai will continue to issue vouchers in the areas of dining, tourism, movies, and sports this year to boost consumption, an official announced at a municipal news conference held on Monday. Zhu Min, director of…
A view of the Parliament of Kazakhstan and the Presidential Palace is seen in Astana, capital of Kazakhstan. CHINA DAILY A Chinese business delegation organized by the China Council for the Promotion of International Trade (CCPIT) departed on Monday for Kazakhstan to engage in economic and trade exchange activities, according to information released by the…
The skyline of Beijing. [Photo/VCG] The Chinese economy is expected to rebound continuously in 2025 despite new variables, an economist said as reported by Chinese financial news outlet Yicai on Sunday. The unprecedented popularity of the domestic cultural and travel consumption market during the Spring Festival holiday and the emergence of DeepSeek AI model have…
US President Donald Trump [Photo/Agencies] United States President Donald Trump said on Sunday that he will announce 25 percent tariffs on all steel and aluminum imports starting on Monday, a move which analysts warn could make it harder for the White House to tame inflation. The ongoing trade war initiated by the US shows no…
BEIJING – Foreign visitors in China experienced a smoother, more convenient travel environment during this year’s Spring Festival, thanks to improvements to the country’s mobile payment systems. The latest data from the People’s Bank of China shows that the volume of transactions made by international tourists during the Chinese New Year holiday, which ran from…
Shoppers seen at a supermarket in Zaozhuang, Shandong province. [SUN ZHONGZHE/FOR CHINA DAILY] For China, boosting consumption has become as important a task as enhancing innovation and competitiveness. Policymakers have taken the expansion of consumption to unprecedented heights on the development agenda, reflecting the urgency of figuring out solutions for Chinese consumers to maintain strong…
Consumers inspect mobile devices in a shopping mall in Ji’an city, Jiangxi province, Feb 7, 2025. [Photo/IC] BEIJING — More than 20 million consumers have applied for China’s electronic products trade-in subsidies since the government launched the pro-consumption program three weeks ago, data from the commerce ministry showed Sunday. Some 20.09 million consumers applied for…
The projects, with a total investment of 147.1 billion yuan ($20.72 billion), are expected to generate an output value of 129.6 billion yuan in the following years. [Photo provided to chinadaily.com.cn] Huangpu district in Guangzhou, Guangdong province, has commenced construction on 117 projects following the signing of 35 additional contracts on Friday. The projects, with…