China will expand its instant tax refund for purchases by overseas tourists nationwide in a move to boost inbound travel and consumption, the State Taxation Administration said on Tuesday. The service, which allows foreign visitors to receive tax rebates immediately after buying, rather than upon departure, was previously piloted in cities including Beijing, Shanghai, Guangzhou,…
BEIJING — China’s State-owned Assets Supervision and Administration Commission of the State Council said on Tuesday it fully supports central State-owned enterprises in expanding share purchases and buybacks to safeguard shareholders’ rights and consolidate market confidence. Tanks to chinadaily.com.cn Please visit: Our Sponsor
A US cargo ship docks at the Qingdao Port, Shandong province. [Photo by Yu Shaoyue/For China Daily] The United States will likely experience more pain from retaliatory tariffs than China, said Steve Cochrane, chief Asia-Pacific economist at Moody’s Analytics during an interview with CCTV News on Monday. He explained that while the US is China’s…
A pedestrian passes the Shanghai Stock Exchange in Pudong New Area. WANG GANG/FOR CHINA DAILY China has launched its own version of a “stock market stabilization fund” as the country’s central bank vowed to provide funding support for the Central Huijin Investment Ltd to increase holdings in the A-share market, analysts said. On Tuesday, the…
This photo taken from Jingshan Hill on Aug 12, 2024 shows the skyscrapers of the central business district (CBD) on a sunny day in Beijing. [Photo/Xinhua] The Ministry of Finance has said it deeply regrets and firmly disagrees with Fitch Ratings’ decision to downgrade China’s sovereign credit rating, describing the move as “biased” and “failing…
UN Secretary-General Antonio Guterres (L) speaks during a press conference at the UN headquarters in New York, on Feb 28, 2025. [Photo/Xinhua] UNITED NATIONS – UN Secretary-General Antonio Guterres warns that “nobody wins in a trade war,” his spokesman said on Friday. Amid widespread opposition, US President Donald Trump on Wednesday signed an executive order…
As the world grapples with rising unilateralism and protectionism, China said multilateralism is the inevitable solution to the challenges facing the world and the country’s door to the outside world will only open wider. It has also been reiterated that China’s policies to attract foreign investment have not changed and will not change. Speaking at…
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People take photos with blooming flowers in Chaoyang district of Beijing on April 5, 2025. [Photo/Xinhua] China’s consumption boomed during Qingming Festival, also known as Tomb-Sweeping Day, running from Friday to Sunday, the Beijing Daily reported on Monday. The Qingming Festival holiday is expected to bring about 790 million cross-regional trips in China, an increase…
Investors gather at a counter of the Shanghai Stock Exchange in Shanghai. [Photo provided to China Daily] Chinese stocks ended lower Monday, with the benchmark Shanghai Composite Index down 7.34 percent, at 3,096.58 points. The Shenzhen Component Index closed 9.66 percent lower at 9,364.50 points. The ChiNext Index, China’s NASDAQ-style board of growth enterprises, fell…