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China’s tax policies invigorate private economy

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[Photo/VCG] BEIJING – China’s tax cuts, fee reductions and tax refunds aimed at supporting sci-tech innovation and the manufacturing industry benefited privately-owned market entities and stimulated the country’s private sector in 2024, official data showed on Wednesday. Total tax cuts, fee reductions and tax refunds resulting from these supportive policies amounted to approximately 2.63 trillion…

Domestic marques snatching up market share

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Geely showcases its Star Wish compact vehicle at the Guangzhou auto show in November. [LI FUSHENG/CHINA DAILY] Chinese carmakers have continued their strong performance, capturing a larger share of the world’s largest automotive market. According to figures from the China Association of Automobile Manufacturers, sales of Chinese-branded cars in January surged to 1.45 million units,…

Wedding industry embraces AI

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Newly married couples seen at a photo shoot in Yunxiang Mountain in Dali, Yunnan province, on July 18. [CHINA DAILY] Artificial intelligence is poised to bring a love story makeover to China’s wedding industry, as Hunliji, a leading Chinese wedding service platform, embraces AI to meet the demands of a younger, tech-savvy generation. Yu Zhe,…

Chinese bubble tea maker sets Hong Kong IPO financing record

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Consumers gather at a Mixue Bingcheng store in Shenzhen, Guangdong province. CHINA DAILY ZHENGZHOU – Chinese beverage company Mixue Bingcheng’s public offering subscription phase concluded on Wednesday, with the financing amount setting a new record for IPOs on the Hong Kong stock market. In its current IPO, Mixue Bingcheng, headquartered in Zhengzhou, capital city of…

China to speed up airport customs clearance of high-tech, medical goods

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BEIJING – Chinese authorities announced Wednesday that the country would accelerate airport customs clearance for special goods, such as high-tech equipment and raw materials, certain medicines, medical devices and biological products. The move aims to further boost international air transport development and facilitate trade and personnel exchanges, according to a joint statement from the General…

High-tech zones leading AI, new energy forward

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A humanoid robot from “Walker” series of UBTECH conducts sorting work at the Beijing World of Robots in Beijing, Feb 24, 2025. [Photo/Xinhua] China’s national high-tech industrial development zones, the backbone of the country’s forward-looking technology sector, are stepping up the push to cultivate emerging sectors such as humanoid robots, quantum information, new energy storage…

Tianjin Port sets single-vessel record for vehicle transportation

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Over 4,000 domestically produced vehicles, including some from Great Wall Motor, are shipped from the Global Ro-Ro Terminal at the Tianjin Port to international markets on Feb 26. [Provided to chinadaily.com.cn] Over 4,000 domestically produced vehicles, including some from Great Wall Motor, were shipped from the Global Ro-Ro Terminal at the Tianjin Port to international…

70% of EU citizens used online public services in 2024

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Shandong farmers receive easier medical diagnoses at their doorsteps

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In Juancheng county, Shandong province, farmer Zhang Shiqin, who has limited mobility, was grateful to receive a free medical diagnosis in his home village of Shenkou, Yanshi town. On Feb 24, the Yanshi township central hospital organized a “Free Diagnosis of Health into Rural Areas and Offer a Warm-hearted Service for Farmers” initiative. Hospital staff…

‘Debut economy’ boosts China’s consumption vitality

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In China’s southern tech hub Shenzhen smartphone maker Oppo last week unveiled its latest flagship product — a foldable Find N5 notable for its slimness and lightness. [Photo/VCG] SHENZHEN – In China’s southern tech hub Shenzhen smartphone maker Oppo last week unveiled its latest flagship product — a foldable Find N5 notable for its slimness…