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Consumption promotion discussed at Shanghai finance salon

Lujiazui district in Shanghai on Jan 14, 2025. [Photo/Xinhua] Concerted efforts should be made by regulators, financial service providers and retailers to promote more consumption, attendees at Shanghai’s second Lujiazui Finance Salon heard on Wednesday. Hu Haozhong, executive vice-president of the card payment giant China UnionPay, said that integrated efforts from various parties are now…

Chinese firms maintain steady momentum in outbound investment in 2025: survey

BEIJING – Outbound investment by Chinese companies grew steadily in 2025, with nearly 80 percent of surveyed firms maintaining or expanding their investments abroad, according to a report by the China Council for the Promotion of International Trade. Covering over 1,200 Chinese companies engaged in outbound investment, the survey reveals that nearly 90 percent are…

Latest AML rules to lift security

China’s latest rules on anti-money laundering (AML) special preventive measures mark a key milestone in safeguarding national and financial security, while further aligning the country’s regulatory framework with advanced international standards to strengthen cross-border enforcement, experts said. Compared with routine anti-money laundering supervision, they stressed that the special measures will play a forceful, indispensable role…

Standard Chartered optimistic about China’s economy

A drone photo taken on Jan 2, 2026 shows a view of a terminal of a subsidiary of Tianjin Port Holdings Co Ltd at Tianjin Port in North China’s Tianjin. [Photo/Xinhua] Having seen the resilience, vitality and transformation of China’s economy, Standard Chartered is optimistic about the country’s economic prospects and its market potential, said…

Xinjiang sees steady growth in 2021-25

Tourists buy souvenirs at a shop near a scenic spot in Xinjiang. SUN ZHENSONG/FOR CHINA DAILY The economy of Northwest China’s Xinjiang Uygur autonomous region expanded at a steady clip during the 14th Five-Year Plan period (2021-25), with fixed-asset investment and foreign trade growth among the highest in the country, officials said. According to a…

China’s tech hub crosses 1t yuan GDP threshold

Customers watch a robot demonstration at the inno100 flagship store in Nanshan district of Shenzhen, South China’s Guangdong province, Jan 5, 2026. [Photo/Xinhua] SHENZHEN – A small district in the southern Chinese city of Shenzhen punched above its administrative weight as its gross domestic product (GDP) last year exceeded one trillion yuan ($143 billion). Nanshan…

China’s international trade promotion body pledges stronger support for foreign trade in 2026

A staff member arranges products to be displayed in live-streaming at a network technology company in Moyu county, Hotan prefecture, Northwest China’s Xinjiang Uygur autonomous region, Jan 9, 2026. [Photo/Xinhua] BEIJING – China’s trade promotion system will continue intensifying efforts to stabilize foreign trade in 2026 amid a complex and challenging global trade landscape, said…

Global investors turn increasingly to Hong Kong to monetize rosy growth prospects

This photo taken on Feb 1, 2025 shows a city view of Hong Kong, South China. [Photo/Xinhua] HONG KONG – China’s Hong Kong has turned heads globally with its initial public offering bonanza expected to steam along in 2026, luring investors who are drooling over Chinese assets bolstered by the country’s growth prospects. The Hong…

China cuts 2.8t yuan in tax, fees in 2025 to support innovation, manufacturing

Staff members operate a robot to collect data in a warehouse scenario at a humanoid robot innovation center in Wuhan East Lake High-tech Development Zone, also known as the optics valley of China, in Wuhan, Central China’s Hubei province, Dec 4, 2025. [Photo/Xinhua] BEIJING – China’s tax and fee cuts as well as tax refunds…