China will continue to pursue a more proactive fiscal policy next year with enhanced precision and effectiveness, to promote an effective improvement in the quality of the economy and a reasonable expansion in its scale while maintaining social harmony and stability, Finance Minister Lan Fo’an said on Saturday. He said the goal is to lay…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING — China’s finance ministry has pledged to expand fiscal expenditure in 2026 to ensure a solid start to the country’s 15th Five-Year Plan period (2026-30). China will implement a more proactive fiscal policy next year, Finance Minister Lan…
In 2025, China Daily’s Grow with China series released nearly 100 videos, engaging in insightful conversations with over 90 executives from multinational corporations, including 25 global CEOs. The discussions spanned multiple industries such as manufacturing, technology, transportation, healthcare, exhibitions, and entertainment. In 2026, we invite you to join us in capturing the pulse of global…
Chinese lawmakers adopted a revision to the Foreign Trade Law on Saturday, and the updated provisions will take effect on March 1. The decision was made at a session of the National People’s Congress Standing Committee on Saturday. The current legislative revision is a direct response to profound shifts in the global trade landscape and…
China launched a State-backed venture capital guidance fund on Friday to steer long-term investment into strategic emerging and future industries, underscoring efforts by policymakers to cultivate new quality productive forces as a core driver of economic growth. The national venture capital guidance fund, jointly initiated by the National Development and Reform Commission and the Ministry…
China has expanded its pilot program for multinational companies to operate integrated domestic and foreign currency capital pools into a nationwide policy, marking a significant stride in financial opening-up. The move aims to facilitate foreign business expansion in China and bolster Chinese companies’ global operations. The People’s Bank of China, the country’s central bank, and…
Amid a backdrop of evolving global trade dynamics, China’s manufacturing sector remains a crucial pillar driving worldwide economic stability, technological progress and green transition, experts and corporate executives said. Highlighting that the strength of “Made in China” is the outcome of open competition, economies of scale and sustained investment in innovation, they said any attempts…
An employee hangs freshly cut beef at a processing plant in Huzhou, Zhejiang province. CHINA DAILY On December 27, 2024, China’s Ministry of Commerce announced a safeguard investigation into beef imports following a petition by the China Animal Agriculture Association and nine provincial animal agriculture associations. The investigation covers fresh, chilled, and frozen beef products…
China’s move to impose provisional countervailing measures on certain dairy products, including cream and cheese, from the European Union will help ease pressure on the domestic deep-processing sector, while creating a valuable window of opportunity for its firms, said market watchers and industry leaders. The government initiated a countervailing investigation into certain dairy products originating…
The venture capital guidance funds from the Beijing-Tianjin-Hebei region, the Yangtze River Delta region, and the Guangdong-Hong Kong-Macao Greater Bay Area have completed business registration and meet the conditions for operation, the National Development and Reform Commission said. With a total value of over 50 billion yuan ($7.1 billion) each, the funds are expected to…