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…
China will deepen high-quality capital account opening and improve the diversified investment and use of the country’s foreign exchange reserves in the next five years, as part of broader efforts to sharpen its financial strength, a senior official said. In an article published by Qizhi magazine, Zhu Hexin, head of the State Administration of Foreign Exchange,…
A worker is seen on an LED production line at an electronics company in Zigui county, Central China’s Hubei province, Jan 27, 2026. [Photo/Xinhua] BEIJING – China’s economy accelerated its transition toward innovation-led and green development during the 14th Five-Year Plan period (2021-2025), according to tax invoice data released on Wednesday. High-end manufacturing showed robust…
A bustling foreign trade container terminal with constant truck and vessel movements at Shanghai Port on Jan 14. LONG WEI/FOR CHINA DAILY China has vowed to raise imports along with its consumption-boosting initiatives, translating its massive market into a stable engine for global trade and a thriving destination for foreign businesses, senior economists and business…
A staff member provides departure tax refund service for a tourist from Russia at a shopping center in Beijing, capital of China, April 30, 2025. [Photo/Xinhua] A sharp rise in departure tax refunds for overseas visitors helped drive a rebound in inbound consumption in China in 2025, as a broad set of policies aimed at…
Customers pick out special purchases for Spring Festival at a supermarket in Kaifeng, Henan province, on Jan 25. LI JUNSHENG/FOR CHINA DAILY China will weigh more efforts toward stimulating service consumption, optimizing consumer goods trade-in policies and tapping the spending power of smaller cities, to further unleash the consumption potential of 1.4 billion people, the…
China’s top tax authority said on Wednesday that a total of 33.1 trillion yuan ($4.6 trillion) in taxes and fees were collected in 2025, meeting the government’s annual revenue target. The State Taxation Administration highlighted that key tax relief measures, aimed at backing technological innovation and the manufacturing sector, resulted in more than 2.8 trillion…
Choi Yong-ho, CEO of South Korean entertainment technology company Galaxy Corporation, highlighted three pillars of China’s market resilience: technological innovation, a challenge-ready spirit, and a supportive environment for entrepreneurs. He told China Daily that the country holds a leading position in robotics and AI, backed by a talented younger generation. Galaxy plans to deepen its…
China expressed hope that the Finnish government would play an active role in promoting the European Union to exercise prudence in using trade and economic restrictive tools, China’s top commerce official said on Monday during a meeting with Finnish Prime Minister Petteri Orpo. Commerce Minister Wang Wentao said that Finland should work with China to…
Senior executives and institutional delegates from more than 50 British companies will accompany United Kingdom Prime Minister Keir Starmer on his official visit to China from Wednesday to Saturday, the Ministry of Commerce said. The delegation is set to include representatives from UK’s competitive sectors, including finance, pharmaceuticals, manufacturing, culture and creative industries, reflecting the…