Shanghai has reported a rise in online retail spending over the New Year holiday, while street store trade remained comparable to last year. Average daily consumption in Shanghai during the three-day New Year holiday, which began on Thursday, reached 12.2 billion yuan ($1.74 billion), up 2.5 percent year-on-year, statistics released by the Consumer Market Big…
On Jan 4, Shanghai released the newest edition of the action plan on improving its business environment. This plan aims to further cultivate a world-class business environment, effectively enhancing business satisfaction. Over the past year, China Daily Shanghai bureau sat down with CEOs of several famous multinational corporations. Listen to their insights on Shanghai’s business…
Liu Weiling, deputy editor-in-chief of China Daily, announces the official launch of China Daily’s “Shopping in China” International Communication Platform on Saturday in Shanghai. [Photo/chinadaily.com.cn] With the roll-out of new measures to boost consumption among both inbound visitors and local residents in China, China Daily officially launched an international communication platform in Shanghai on Saturday…
China’s manufacturing sector saw a notable rebound in December, with demand recovering and exports stabilizing, as the purchasing managers’ index climbed back above the 50-point mark for the first time since April. Data released by the National Bureau of Statistics on Wednesday showed that China’s official PMI rose to 50.1 in December from 49.2 in…
Chinese President Xi Jinping said on Wednesday that China’s gross domestic product is expected to have achieved around 5 percent growth in 2025, and he called for further efforts to ensure a strong start for the 15th Five-Year Plan (2026-30) period. Xi made the remarks when addressing an annual gathering organized by the Chinese People’s…
China’s securities regulator has refined rules governing the administrative commitment system for enforcement parties in the securities and futures market, further clarifying eligibility criteria and procedures to enhance policy effectiveness. The China Securities Regulatory Commission said on Wednesday that it has revised regulations on the system, which will take effect on Feb 1. Under the…
A residential property project under construction in Shanghai. [Photo provided to China Daily] China has launched a pilot program for commercial property real estate investment trusts (REITs), a key step toward using market-based mechanisms to support a new model of real estate development and promote innovation in asset securitization. On Wednesday, the China Securities Regulatory…
China will impose safeguard measures on beef imports from certain countries when volumes exceed set quotas, effective from Thursday through Dec 31, 2028, the Ministry of Commerce said in an online notice on Wednesday. The notice said the safeguard measures will be gradually relaxed at fixed intervals over the implementation period. China will apply a…
BEIJING — China on Wednesday released detailed policies for its 2026 home appliance trade-in subsidy program, along with incentives for the purchase of digital and smart products, as part of broader efforts to boost domestic consumption. According to a notice jointly issued by the Ministry of Commerce and other government departments, individual consumers purchasing energy-…
BEIJING — China has decided to implement safeguard measures on imported beef from Jan 1, 2026 to Dec 31, 2028, the Ministry of Commerce announced Wednesday. The decision came after a final ruling of a safeguard investigation into imported meat of bovine animals, which was launched on Dec 27, 2024. The measures will be implemented…