Investor sentiment worsened after US President Donald Trump announced that the United States would implement “reciprocal tariffs” on imports from multiple countries, sparking concerns over a potential economic downturn for not only the US but other economies too. Government leaders of Japan, the Republic of Korea and Australia have called for responsive measures while analysts…
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] Despite the aggressive “reciprocal tariff” policy announced by the White House, senior economists believe that China’s strong domestic consumption potential and its people-centric investment strategies are well-positioned to offset the risks posed by these tariff hikes. “While the Chinese economy faces challenges, the…
People learn about a bionic humanoid robot at the Zhongguancun International Innovation Center during the 2025 Zhongguancun Forum Annual Conference in Beijing, capital of China, Mar 27, 2025. [Photo/Xinhua] BEIJING – The recently released 2024 annual reports of China’s listed banks highlight the diverse dynamics of China’s economic development, as banks, serving as the primary…
Nanjing, Jiangsu province, recently eased restrictions on property sales, which experts and market insiders said will help unleash local demand for housing purchases. The city government said on Monday that commercial residential properties can be traded with real estate ownership certificates, removing the restriction on property sales that required a minimum three-year holding period for…
BEIJING – China has expedited efforts to improve its social credit system and build a creditworthy society as part of the country’s broader push to advance a market-oriented economy. The country has made progress in areas such as credit information sharing and the enforcement of penalties against bad-faith actions, as part of efforts to strengthen…
As a key driver for the development of new quality productive forces, new quality talent will contribute vigorous strength to advancing Chinese modernization, according to the 2025 Global Youth Science and Technology Innovation Development Report, unveiled at the Beijing International Youth Innovation and Development Forum, held in parallel with the 2025 Zhongguancun Forum. Tanks to…
The long-term plan and strong support to innovation shows how strong the future of China will be, said Suliman Al-Mazroua, CEO of Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP), to China Daily Website during an interview at the 2025 ZGC Forum. Tanks to chinadaily.com.cn Please visit: Our Sponsor
BEIJING – Chinese authorities are mulling the nationwide expansion of a pilot cash-pooling program that integrates domestic and foreign currency management for large multinational enterprises, according to a draft regulation released on Tuesday to solicit public opinion. A cash-pooling policy framework that integrates domestic and foreign currency management will be established to facilitate the transfer…
BEIJING — China on Tuesday unveiled a plan to strengthen financial services for technology-based enterprises, as part of the country’s efforts to promote integrated advancements in technological and industrial innovation. The plan, jointly issued by the National Financial Regulatory Administration, the Ministry of Science and Technology and the National Development and Reform Commission, outlines measures…
[Photo provided to chinadaily.com.cn] The China Equipment Technology City (Deyang) Promotion Conference projects signing ceremony in the Guangdong-Hong Kong-Macao Greater Bay Area (Shenzhen) kicked off on March 26 in Shenzhen, Guangdong province. The event attracted participation from more than 300 companies and institutions. Huang Chaoyang, deputy secretary of the CPC Deyang Municipal Committee and mayor…