China’s general public budget revenue, the sum of tax revenue and non-tax revenue, reached about 4.42 trillion yuan ($639.8 billion) in the first two months of this year, up 0.7 percent year-on-year, according to the Ministry of Finance on Thursday. Of this, the country’s tax revenue amounted to 3.64 trillion yuan, an uptick of 0.1…
China and the United States have agreed to study the establishment of a cooperation mechanism to promote bilateral trade and investment, and to continue leveraging existing consultation frameworks, according to the Ministry of Commerce. The ministry’s announcement came after Chinese and US delegations held candid, in-depth, and constructive exchanges in Paris from March 15 to…
Robots work at a production line at a welding workshop of Hongquan Industrial Co Ltd in Yangzhou city, East China’s Jiangsu province, Feb 28, 2026. [Photo/Xinhua] China is well positioned to achieve a solid start to the 15th Five-Year Plan (2026-30) despite lingering economic pressures, supported by stronger policy backing and the rapid development of…
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A visitor looks at AI-enabled robots at the booth of Hisense during an expo in Las Vegas. ZENG HUI/XINHUA The fundamental complementarity between the Chinese and US economies offers a solid foundation for pragmatic cooperation, but realizing this potential requires mutual efforts, a senior trade expert told China Daily in an exclusive interview. Noting that…
As officials from China and the United States wrapped up one-and-a-half days of economic and trade talks in Paris on Monday, some US experts described the outcome as a modest but meaningful step toward greater stability in bilateral economic relations. According to Xinhua News Agency, the two sides addressed issues of mutual concern, including tariff…
China is well positioned to sustain steady growth over the next five years, underpinned by rapid advances in technological innovation, a deepening shift toward green and low-carbon development, and continued improvements in people’s livelihoods, an official of the Asian Development Bank, or ADB, has said. The country has set an economic growth target of 4.5…
China’s trial program offering incentives via issued invoices is beginning to boost consumption, with 230 million participants and total prize money of 1.85 billion yuan ($260 million) as of March 12, according to latest data from the State Taxation Administration (STA). In an effort to promote consumer spending, three central departments launched a six-month pilot…
China’s monetary policy is set to remain on an easing path to support growth and domestic demand as the United States Federal Reserve held rates steady amid rising oil prices driven by geopolitical uncertainties in the Middle East, officials and analysts said. Potential oil prices-led inflationary pressures facing China’s economy are manageable and will be…
An aerial drone photo taken on Jan 14, 2026 shows cargo ships loading and unloading containers at a container terminal in Xiamen, Southeast China’s Fujian province. [Photo/Xinhua] China will expand its pilot cities for a cross-border trade facilitation campaign to 45 in 2026, up from 25 in 2025, the General Administration of Customs said on…