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BEIJING – China will carry out pilot projects to levy environmental protection tax on volatile organic compounds (VOCs) starting Jan 1, 2027, as the country moves to strengthen air pollution control, according to the Ministry of Finance (MOF) on Friday. The MOF, the State Taxation Administration and the Ministry of Ecology and Environment jointly issued…
At the 2026 World Internet Conference Digital Silk Road Development Forum in Xi’an, Cao Yanlin, director of the Medical and Health Legal Research Office of the Institute of Medical Information at Peking Union Medical College, highlighted how China’s open-source large language models are set to bridge the digital divide. Noting that all China’s large models…
This photo taken on July 23, 2026 shows a themed installation of the 2026 APEC Digital and AI Ministerial Meeting in Chengdu, Southwest China’s Sichuan province. [Photo/Xinhua] CHENGDU – The 2026 APEC Digital and AI Ministerial Meeting has adopted a ministerial statement with all parties agreeing to jointly promote digital and AI technologies to empower…
From left to right: Henry Han, group senior vice-president of ABB and president of ABB Robotics in China; Cissy Wang, general manager of CSL China; Kais Marzouki, chairman and CEO of Nestle Greater China Region; Joy Fan, president and CEO of The Estee Lauder Companies China. [Photo/China Daily] Editor’s note: After the release of China’s first-half economic data,…
BEIJING – The People’s Bank of China on Thursday announced that it will carry out a 500-billion-yuan ($73.6 billion) one-year medium-term lending facility (MLF) operation on Friday, aiming to maintain ample liquidity in the country’s banking system. The central bank said this MLF operation will be conducted through variable-rate tenders with a fixed quantity, using…
Beijing’s Huairou district reported first half GDP growth of 7.1 percent year-on-year, highlighted by a more than 20 percent surge in the new materials sector, a 100 percent revenue jump in leasing and business services and its approval as a municipal-level future industry pilot zone. Ma Tianbiao, director of the district’s development and reform commission,…
Li Lecheng, China’s minister of industry and information technology, addresses the 2026 APEC Digital and AI Ministerial Meeting in Chengdu, Sichuan province, on Thursday. CHINA DAILY China stands ready to deepen cooperation with other APEC economies in the digital economy and artificial intelligence sectors, and to actively promote joint standards-setting, rulemaking and industrial development, said…
The continued two-way opening-up of the Chinese capital market has further fueled Standard Chartered’s confidence in China, which will be translated into the bank’s deepening participation in renminbi internationalization and expansion of its offshore finance, wealth management and outbound corporate businesses, said the bank’s top executives. Bill Winters, group chief executive of Standard Chartered, cited…
People shop for smartphones and other consumer electronics eligible for the Chinese government’s trade-in subsidies at a retailer in Zaozhuang, East China’s Shandong province, Feb 21, 2026. [Photo/Xinhua] BEIJING – China’s consumer goods trade-in programs generated 1.1 trillion yuan ($161.9 billion) in sales in the first half (H1) of 2026, benefiting 150 million consumers, official…