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China’s consumer inflation hits nearly three-year high

China’s consumer inflation accelerated at its fastest pace in nearly three years in December, while the decline in factory-gate prices narrowed, official data showed on Friday. The country’s consumer price index, the main gauge of inflation, rose by 0.8 percent year-on-year in December, following a 0.7 percent rise in November, marking the highest level since…

Shanghai unveils new steps to support multinational companies’ R&D centers

This aerial photo taken on Sept 10, 2023 shows a view of Zhangjiang area of the China (Shanghai) Pilot Free Trade Zone in East China’s Shanghai. [Photo/Xinhua] Shanghai released a set of 26 new measures on Thursday to further enhance the capacity of multinational companies’ research and development centers in the city, aiming to better…

Innovation and resilience key to China’s rise: consultancy firm

Denis Depoux, global managing director of Roland Berger, speaks at the launching ceremony of the consultancy’s annual flagship report, “Foresight 2026: Roland Berger China Annual Trends Report” in Shanghai on Jan 8. [Photo provided to chinadaily.com.cn] A new report by a global consultancy firm has trumpeted the key growth engines of industrial modernization and technological…

Export controls for Japan ‘lawful’

An aerial photo taken on Dec 27, 2025 shows container ships berthing at the Qingdao Port in Shandong province. [Photo/Xinhua] China’s tightened export controls on dual-use items to Japan aim to curb Tokyo’s attempts at remilitarization and pursuit of nuclear armament, the Ministry of Commerce said on Thursday, adding that Beijing’s decision is entirely “legitimate,…

Green, smart goods boosted by trade-ins

Potential car buyers look at vehicles offering trade-in subsidies at a market in Nanchang, Jiangxi province. ZHU HAIPENG/FOR CHINA DAILY China’s trade-in programs, with greater emphasis on greener and smarter products this year, will better meet people’s needs to upgrade their older models and further unleash the country’s consumption potential, analysts said. They say dedicated…

China’s commerce ministry comments on investigation of Meta’s acquisition of Manus

BEIJING — China’s Ministry of Commerce on Thursday made remarks regarding the investigation of Meta’s acquisition of artificial intelligence platform Manus, noting that enterprises engaging in overseas investment must comply with Chinese laws and regulations. The Chinese government has always supported enterprises in conducting mutually beneficial and win-win transnational operations and international technological cooperation in…

China says economic, trade ties with Venezuela remain unchanged

China’s desire to deepen bilateral economic and trade relations with Venezuela will remain unchanged regardless of how the political situation evolves in the Latin American country, a spokesman for the Ministry of Commerce said on Thursday. According to He Yadong, China firmly opposes the hegemonic actions taken by the United States, which represent a severe…

China’s willingness to deepen economic ties with Venezuela remains unchanged

BEIJING — China’s willingness to continuously deepen economic and trade relations with Venezuela will remain unchanged regardless of changes in Venezuela’s political situation, He Yadong, a spokesperson with the Ministry of Commerce, said on Thursday. He made the remarks when responding to a relevant question at a regular press conference. He said that the hegemonic…

China’s renewed trade-in program spurs activity, pursues quality

A customer selects products at a cellphone shop in Leshan city, Southwest China’s Sichuan province, June 15, 2025. [Photo/Xinhua] BEIJING – Ms Wu didn’t waste a moment. Just after midnight on New Year’s Day, the resident of China’s southern metropolis of Guangzhou placed an order for a premium smartphone, eager to be among the first…

China says export controls aim to prevent Japan’s remilitarization

China’s decision to tighten export controls on dual-use items to Japan is aimed at curbing Tokyo’s attempts at remilitarization and nuclear armament, the Ministry of Commerce said on Thursday, adding that China’s decision is entirely “legitimate, reasonable and lawful”. “China remains committed to maintaining the stability and security of global industrial and supply chains,” said…