A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] China allocated 10 trillion yuan ($1.4 trillion) in new fiscal funding to replace local government hidden debt on Friday, the biggest move of its kind in recent years that analysts said will significantly mitigate financial risks…
Villagers dance during a gate-opening ceremony to welcome visitors. [PHOTO BY ZHAO YUSI/FOR CHINA DAILY] As the preference of consumers shifts from pure shopping to experience-related consumption, retail tourism is embracing more opportunities, a latest report said. “Shopping is one of the six key elements in tourism. Along with their growing consumption power, consumers are…
[Photo/VCG] BEIJING – The western regions of China have experienced remarkable economic strides in recent years, and one contributing factor to this success is the progress made in intellectual property (IP). Amidst the country’s green transformation and pursuit of high-quality growth, this once-impoverished hinterland has now taken an IP-driven development path. The China National Intellectual…
TIANJIN – At a recycling plant in North China’s Tianjin municipality, scrapped cars are sent down a disassembly line. Within just 15 minutes, a vehicle is reduced to fragments that can be recycled for materials like copper, aluminum and plastic. In addition, electric vehicle batteries also undergo testing, sorting, and reassembly at this plant, with…
Jinbao, mascot of the China International Import Expo. [Photo/Xinhua] Based on the digital transformation achieved in the past few years, State Grid Shanghai has successfully completed upgrading its latest version of the smart power supply support system for the seventh China International Import Expo. According to the company, the system recognizes risks in real time,…
A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] BEIJING – China has appropriately enhanced the intensity of the proactive fiscal policy so far this year, utilizing a combination of policy tools, including ultra-long special treasury bonds and tax and fee reductions to promote its sustained economic recovery. The…
China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. [Photo/Xinhua] Technical teams from China and the European Union have conducted five rounds of consultations regarding the price commitment proposal in the EU’s anti-subsidy case on China-made electric vehicles, the Ministry of Commerce announced on Friday. These consultations were held in Beijing from…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING – The value of China’s State-owned assets remained stable last year, official data showed Tuesday. The assets of State-owned enterprises (SOEs) totaled 371.9 trillion yuan ($52.37 trillion) at the end of 2023, according to a State Council report…
A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] Chinese lawmakers have approved increasing 6 trillion yuan ($837.3 billion) in local government special debt quota to replace outstanding implicit debt on Friday, to be used in three years. At a news conference on Friday following the closing of the latest…
Visitors check out medical products at Becton, Dickinson & Co’s booth during the seventh China International Import Expo in Shanghai. ZOU HONG/CHINA DAILY China remains an attractive market despite global economic uncertainties, a top executive participating in the ongoing seventh China International Import Expo in Shanghai said. The expo, which began Tuesday, will conclude on…