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Travelers line up for departure tax refunds at Shanghai Pudong International Airport. CHINA DAILY Core measures of the upgraded version 2.0 departure tax refund policy, including a fully paperless process and a random inspection system for small amounts, were officially rolled out earlier this month, allowing inbound travelers to immediately experience seamless efficiency. “Previously, processing…
China has urged the Netherlands to foster a fair, transparent and predictable business environment for Chinese companies investing in the country and maintain the stability of semiconductor industrial and supply chains, the Ministry of Commerce said in a statement on Wednesday. Commerce Minister Wang Wentao called for efforts to properly resolve business disputes between the…
The International Monetary Fund’s World Economic Outlook update, which was released on Wednesday, projected global growth at 3 percent this year, down from an average of 3.5 percent between 2024 and 2025, with a few economies, including China, emerging as bright spots. The negative impact of the United States and Israel’s war with Iran on…
In the first half of 2026, operating hours at the Shanghai Synchrotron Radiation Facility increased 16 percent year-on-year. [Photo by Li Jing/chinadaily.com.cn] Shanghai is stepping up efforts to open its network of major scientific research facilities to companies as China seeks to strengthen basic research and accelerate the commercialization of advanced technologies. The city has…
In the first half of 2026, operating hours at the Shanghai Synchrotron Radiation Facility increased 16 percent year-on-year. [Photo by Li Jing/chinadaily.com.cn] Shanghai is stepping up efforts to open its network of major scientific research facilities to companies as China seeks to strengthen basic research and accelerate the commercialization of advanced technologies. The city has…
Ride-hailing driver at work, May 14, 2026. [Photo/VCG] China is stepping up efforts to improve access to credit for millions of gig workers, with Ding Xiangqun, minister of the National Financial Regulatory Administration, saying the regulator will encourage financial institutions to develop dedicated, inclusive financial products for new employment groups, such as truck drivers, ride-hailing…
The central government unveiled a raft of new measures to consolidate and develop the Hong Kong Special Administrative Region into an international financial center, including increasing the annual investment quota for the southbound Bond Connect from 500 billion yuan ($73.5 billion) to 800 billion yuan and considering issuing central bank bills in the SAR on…
China’s economy has shown resilience so far this year in the face of global energy supply shocks, underpinned by strong high-tech investment and robust exports, said the latest China Economic Update of the World Bank Group. According to the update released on Tuesday, the world’s second-largest economy is expected to expand 4.4 percent in 2026,…
As China-Japan relations remain strained over Japanese Prime Minister Sanae Takaichi’s erroneous remarks on Taiwan and her administration’s accelerated military buildup, Japan’s economy is increasingly feeling the pinch, with critical mineral exports from China plunging, supply chains buckling under pressure and billions in potential GDP losses looming, experts said. What is truly pushing Japanese businesses…