BEIJING — The promulgation of China’s private sector promotion law is timely and of great significance, said Yang Heqing, head of the economic law department of the Legislative Affairs Commission of the National People’s Congress (NPC) Standing Committee. Chinese lawmakers voted to adopt the private sector promotion law after a draft version was submitted for…
BEIJING — China’s newly adopted private sector promotion law underscores the country’s commitment to fostering an equitable competitive environment for all market participants, according to an official of the country’s top economic planner. Speaking on the latest episode of China Economic Roundtable, an all-media talk show hosted by Xinhua News Agency, Liu Min, deputy head…
Foreign tourists shop at the Silk Street Market in Beijing on April 20. China unveiled a set of measures on Sunday to further optimize its departure tax refund policy. [CHINA DAILY] Anna Lanny, a 26-year-old tourist from Russia, was delighted to receive her tax refund on the spot after making purchases recently at the upmarket…
A time tunnel effect is displayed at Guizhou province’s big data demonstration center in Guiyang. [Photo/Xinhua] China will ratchet up efforts to speed up the construction of digital infrastructure and deepen reforms related to the market-oriented allocation of data elements, while advancing the building of a “Digital China”, as the innovation of digital technologies has…
An overseas buyer visits a porcelain area of the 137th China Import and Export Fair in Guangzhou, Guangdong province, April 23, 2025. [Photo/Xinhua] China’s economy will likely stabilize for the rest of the year despite mounting global uncertainties, economists said on Monday, adding that stronger macroeconomic adjustments and deepened reforms are needed to counter external…
Business executives engage in interactions during the 2025 Suzhou Global Investment Promotion Conference in Suzhou, Jiangsu province. [Photo/China Daily] Foreign investment in Jiangsu province’s Suzhou is gaining strong momentum as offshore enterprises further deepen their presence, drawn by the city’s dynamic economy, favorable policies and vibrant innovation ecosystem, said senior executives and industry experts. “The…
China is preparing to roll out a series of incremental policy measures to stabilize the overall economy, with policymakers signaling stronger fiscal, monetary and consumption-boosting initiatives on Monday as part of its larger drive to reinforce recovery amid external headwinds. “We will continue to enhance policy research, ensure sufficient contingency plans, refine the policy toolkit…
Shenzhen University, with eight billionaire alumni, including Tencent founder and CEO Pony Ma Huateng, listed in Forbes’ list of the World’s Billionaires in 2018 and whose wealth totals 593.5 billion yuan, tops Chinese universities in billionaire alumni generating most wealth. According to a list released by cuaa.net, a third-party university evaluation and consulting research institution,…
The new action plan to further improve the facilitation of cross-border financial services provided in Shanghai will help facilitate Chinese companies’ overseas outreach, which is in turn conducive to the maturity of the cross-border financial sector, said experts. Made up of 18 detailed policies, the action plan aims to improve services concerning cross-border settlements, exchange…
Chinese Manufacturing Enterprises Association released the top 200 Chinese manufacturers with comprehensive strength for the year 2023. Among them, SAIC Group has emerged as the leader along with Amer International Group and China FAW Group securing the second and third positions. The rankings also included other major names in China’s manufacturing sector, such as Huawei,…