China’s top tax authority said on Wednesday that a total of 33.1 trillion yuan ($4.6 trillion) in taxes and fees were collected in 2025, meeting the government’s annual revenue target. The State Taxation Administration highlighted that key tax relief measures, aimed at backing technological innovation and the manufacturing sector, resulted in more than 2.8 trillion…
Choi Yong-ho, CEO of South Korean entertainment technology company Galaxy Corporation, highlighted three pillars of China’s market resilience: technological innovation, a challenge-ready spirit, and a supportive environment for entrepreneurs. He told China Daily that the country holds a leading position in robotics and AI, backed by a talented younger generation. Galaxy plans to deepen its…
China expressed hope that the Finnish government would play an active role in promoting the European Union to exercise prudence in using trade and economic restrictive tools, China’s top commerce official said on Monday during a meeting with Finnish Prime Minister Petteri Orpo. Commerce Minister Wang Wentao said that Finland should work with China to…
Senior executives and institutional delegates from more than 50 British companies will accompany United Kingdom Prime Minister Keir Starmer on his official visit to China from Wednesday to Saturday, the Ministry of Commerce said. The delegation is set to include representatives from UK’s competitive sectors, including finance, pharmaceuticals, manufacturing, culture and creative industries, reflecting the…
China-made cars are unloaded from a train in Yantai port for export from Shandong province on Jan 18. TANG KE/FOR CHINA DAILY Canada has taken a step toward opening its electric vehicle market to China-made EVs, but the country will remain more of a testing ground than a mainstream destination for Chinese brands — at…
CAI MENG/CHINA DAILY China is placing greater emphasis on optimizing the investment structure, especially investment in people. The fourth plenary session of the 20th Central Committee of the Communist Party of China adopted the recommendations for the 15th Five-Year Plan (2026–30), underscoring the coordinated push to improve people’s livelihoods and boost consumption, while strengthening the…
China’s financial sector must develop a stronger sense of urgency, accelerate its transition toward greater market orientation, digital and intelligent transformation, and internationalization, and enhance its competitiveness. It needs to allocate vast pools of capital more effectively, seize opportunities arising from the rapid emergence of technology-driven enterprises, deliver solid returns to capital providers and create…
A sign of tax refund point is seen at a downtown duty-free shop in North China’s Tianjin municipality, Nov 28, 2025. [Photo/Xinhua] China’s inbound consumption surged in 2025 as tax refund reforms sharply boosted spending by overseas visitors, with the number of foreign tourists claiming departure tax refunds jumping 305 percent year-on-year, according to the…
A customer interacts with an embodied intelligent robot at a robot store of ENGINEAI Robotics Technology Co Ltd in Futian district of Shenzhen, South China’s Guangdong province, Jan 15, 2026. GUANGZHOU – China’s manufacturing heartland, Guangdong province, has set a GDP growth target of between 4.5 percent and 5 percent for 2026, Guangdong Governor Meng…
A view of the Qingdao Port in Shandong province. ZHANG JINGANG/FOR CHINA DAILY Shandong, a major manufacturing hub that has all 41 categories in the United Nations’ industrial classification system, has become the third province in China to exceed a gross domestic product of 10 trillion yuan, following Guangdong and Jiangsu provinces. The milestone, announced…