BEIJING — Chinese regulators on Friday released the latest list of domestic systemically important banks, consisting of 21 lenders. Among these are six State-owned commercial banks, 10 joint-stock commercial banks and five urban commercial banks, according to the list released by the People’s Bank of China and the National Financial Regulatory Administration. The regulators divided…
Net inflows of foreign direct investment to China quadrupled in 2025 according to balance-of-payments data, official figures showed on Friday, signaling a structural improvement in inbound investment and renewed confidence in China’s long-term growth prospects. Preliminary balance-of-payments data from the State Administration of Foreign Exchange showed that China recorded an increase of $76.5 billion in…
China can reasonably target nominal GDP growth of around 5 percent during the 15th Five-Year Plan (2026-30) period, a pace that would support its 2035 goal of reaching the per capita GDP level of moderately developed economies, according to a renowned economist. “Aiming for such a target will require a shift toward higher-quality growth, stronger…
An aerial view shows skyscraper clusters in Lujiazui, a cutting-edge financial center and bustling commercial district in Shanghai, on Aug 23. LI JUNQIN/FOR CHINA DAILY China’s asset management industry is entering a decisive new phase, pivoting away from breakneck expansion toward quality-driven growth and refined operations. This shift, analysts said, will lay the foundation for…
Skyscrapers at Victoria Harbour are illuminated by the afternoon sun. ANDY CHONG/CHINA DAILY Hong Kong’s appeal as a world hub for asset and wealth management continues to strengthen, with the number of single-family offices in the special administrative region seeing robust growth in the past two years. Senior government officials and industry experts said the…
The First Senior Officials’ Meeting and Related Meetings are held in Guangzhou from Feb 1 to 10, 2026. [Photo/Xinhua] Amid an uneven and fragile global economic recovery, stronger economic ties within the Asia-Pacific region can help sustain business growth by keeping markets open, stabilizing supply chains and boosting trade and investment in 2026, said market…
China will begin levying countervailing duties on certain dairy products imported from the European Union starting Friday, the Ministry of Commerce announced on Thursday, issuing its final determination after an 18-month investigation. The duties, set at rates ranging from 7.4 percent to 11.7 percent depending on the product category and exporter, will remain in force…
BEIJING — China will impose countervailing measures on certain dairy products imported from the European Union (EU) for a period of five years starting on Friday, the Ministry of Commerce said on Thursday. According to the final ruling announced by the ministry, company-specific duty rates range from 7.4 percent to 11.7 percent. At the request…
A shop owner arranges Qipao, a traditional Chinese dress for women, at a shop in Qilihe district of Lanzhou, Northwest China’s Gansu province, on Jan 6, 2026. [Photo/Xinhua] BEIJING – Chinese authorities have rolled out a series of policy measures to unlock consumption potential during the Spring Festival holiday, as domestic demand remains a key…
Shoppers buy goods at a supermarket in Zaozhuang, Shandong province. SUN ZHONGZHE/FOR CHINA DAILY China’s consumer prices rose for a fourth straight month in January, while the decline in producer prices continued to narrow, signaling a gradual recovery in domestic demand as policymakers step up efforts to cushion external uncertainties and secure a solid start…