BEIJING — China and Canada both support economic globalization and trade liberalization, and share extensive common interests and huge potential for cooperation in economic and trade fields, a spokesperson for China’s Ministry of Commerce said on Thursday. China is expanding high-standard opening up, proactively aligning with high-standard international economic and trade rules, and steadily advancing…
China’s move to tighten export controls on dual-use items to Japan is intended to curb attempts at “remilitarization” and nuclear ambitions, the Ministry of Commerce said on Thursday, urging Tokyo to reflect seriously on its actions and rectify its wrongdoings. “The measures China has taken toward Japan are attributable to Japanese Prime Minister Sanae Takaichi’s…
Zhanjiang, a coastal city in Guangdong province, has been promoting a development strategy focused on what local officials describe as “Four Green plus One Blue Industries”, covering green steel, petrochemicals, energy, food production, and the marine economy. At a news conference in Guangzhou on Thursday, Zhanjiang Mayor Li Yongyi said the city had made progress…
An employee at a bank counter in Nantong, East China’s Jiangsu province, counts renminbi and US dollars. [Photo/China Daily] China will roll out nationwide policies to facilitate centralized cross-border cash management by medium-sized multinational companies, while stepping up reforms on foreign exchange administration for both direct and securities investment, an official said, as part of…
A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] China’s financing activity maintained steady momentum in 2025, with financial aggregates rising relatively quickly, driven by lower financing costs and improved structures, official data showed on Thursday. The country’s aggregate social financing — the total amount of financing to the real economy…
Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China. [Photo/Xinhua] China still has room for cuts in the reserve requirement ratio and interest rates this year, with a firm yuan performance and stabilizing bank net interest margins providing the scope, said Zou Lan, vice-governor of the People’s Bank of…
BEIJING – Chinese authorities on Wednesday announced the extension of a preferential individual income tax policy to support residents replacing their homes. The policy will take effect from Jan 1, 2026 and conclude on Dec 31, 2027, according to a joint announcement issued by the Ministry of Finance, the State Taxation Administration and the Ministry…
Foreign customers shop for sunglasses at a duty-free store in Tianjin on Nov 28. SUN FANYUE/XINHUA BEIJING — Park Eun Jeong, a 46-year-old visitor from the Republic of Korea, wrapped up her recent trip to China by securing tax refunds for two purchases at an airport in Shanghai — a peony-and-butterfly shawl and a hand-embroidered…
A full shelf of Lao Gan Ma chili sauce is seen at a supermarket in London, the United Kingdom, on Thursday. Wan Jindong / for China Daily Lao Gan Ma, the iconic brand of chili sauce that has been a fixture in Chinese kitchens for decades, continues to enjoy unabated popularity abroad thanks to its…
Meng Lei, China equity strategist of UBS Securities, said during an interview with China Daily that with the narrowing decline in the Producer Price Index (PPI) and its gradual shift from negative to positive, the profit growth rate of A shares is expected to rise. At the same time, against the backdrop of an active…