BEIJING – China on Wednesday expressed strong dissatisfaction and firm opposition after the US Department of Defense placed some Chinese research institutions on a sanctions list, the Ministry of Commerce said. China will take necessary measures to safeguard the legitimate rights and interests of Chinese research institutions and ensure a sound environment for normal scientific…
BEIJING – China’s outbound direct investment (ODI) across all industries reached 596.42 billion yuan ($86.53 billion) during the first six months of 2026, representing an increase of 3.8 percent year-on-year, official data showed Tuesday. China’s domestic investors engaged in non-financial direct investment in 6,867 overseas companies across 144 countries and regions, with the investment value…
As progress on nearly 20 percent of the United Nations Sustainable Development Goals has regressed, the “Olive Leaf Initiative”, powered by the Three-Body Computing Constellation, will open innovation resources to help advance the UN SDGs, said Wang Jian, an academician of the Chinese Academy of Engineering, director of Zhejiang Lab and founder of Alibaba Cloud.…
A performer dances at the Hetou Old Street scenic area in Fengnan district, Tangshan, North China’s Hebei province, July 15, 2026. [Photo/Xinhua] With weak domestic demand still weighing on growth, China is likely to intensify policy efforts to boost investment and consumption in the coming months, economists said ahead of a highly anticipated mid-year meeting…
A tax official (left) in Huaian, Jiangsu province, helps a merchant with tax regulations. ZHAO QIRUI/FOR CHINA DAILY China’s economy has demonstrated a stable and positive trajectory at the start of the 15th Five-Year Plan (2026-30) period, characterized by robust growth in the real economy, emerging industries and green development, said the State Taxation Administration.…
Responding to the massive hype surrounding the so-called “China’s excess capacity” narrative in Western circles, officials and experts said that it only politicizes trade, deflects attention from structural economic problems at home and acts as a cover for protectionist measures. They said that China’s modern industrial development represents “China Opportunity 2.0” for the global economy,…
China welcomed a World Trade Organization panel report that backed its claims against Turkiye’s restrictions on vehicle imports from China, the Ministry of Commerce said on Tuesday. The panel found the measures inconsistent with WTO rules, an official from the ministry’s department of treaty and law said in a statement. Since 2023, Turkiye has introduced…
China has called for a comprehensive, objective and fair view of capacity issues, warning that protectionism would pose long-term risks to global growth, according to a document released by the Ministry of Commerce on Tuesday. Titled “China’s Position on the So-called Excess Capacity Issue”, the document was issued to clarify relevant facts and set out…
BEIJING – China’s tax revenue rose 4.9 percent from a year earlier to more than 10 trillion yuan (about $1.47 trillion) in the first half of 2026, supported by an improving economy and a recovery in factory-gate prices, tax authorities revealed Tuesday. The figure, which excludes import value-added tax, consumption tax, customs duties and tonnage…
BEIJING – China-Europe freight trains have made more than 130,000 trips and transported goods with a total value exceeding $520 billion, latest official data showed Tuesday. By June 2026, the loaded container ratio of the China-Europe freight trains had remained at 100 percent for 46 consecutive months. In terms of transport efficiency, the full journey…