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China’s financial regulators committed to capital market stability

A pedestrian passes the Shanghai Stock Exchange in Pudong New Area. WANG GANG/FOR CHINA DAILY China’s top financial regulators have reinforced their commitment to the stability of the country’s capital market on Wednesday, vowing to provide sufficient funding when necessary. The People’s Bank of China, the country’s central bank, will firmly support Central Huijin Investment…

Volume of retail trade down by 0.1% in both the euro area and the EU

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Trade in goods with Ukraine in 2024

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Fiscal support helps ensure growth

Shoppers browse goods at a store in Chongqing. [Photo/Xinhua] China’s stepped-up fiscal policies are emerging as a pillar in its efforts to stabilize the economy, offering much-needed support to sectors under financial strain and helping the world’s second-largest economy weather persistent global uncertainty. In 2025, the country pledged to intensify counter-cyclical adjustments, raising the deficit-to-GDP…

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‘Zhengli 3500’ wind power station launched in Nantong

The “Zhengli 3500,” a 3,500-ton self-propelled, self-elevating offshore wind power installation platform developed by Shanghai Zhenhua Heavy Industries (Group) Co Ltd, was launched in Nantong, Jiangsu province, on April 30, 2025. [Photo provided to chinadaily.com.cn] The “Zhengli 3500,” a 3,500-ton self-propelled, self-elevating offshore wind power installation platform developed by Shanghai Zhenhua Heavy Industries (Group) Co…

China’s VAT invoice data reflects robust May Day holiday consumption

Tourists from Australia pose for photos at the Tiantan (Temple of Heaven) Park in Beijing, capital of China, May 1, 2025. [Photo/Xinhua] BEIJING – China’s State Taxation Administration released value-added tax (VAT) invoice data on Tuesday, revealing robust consumer spending in the world’s second-largest economy during the just-concluded May Day holiday. The five-day holiday, which…

Payment transactions by visitors to China surge during May Day holiday

A foreign tourist poses for photo with a performer at Tianjin International Cruise Home Port in North China’s Tianjin municipality, May 1, 2025. [Photo/Xinhua] BEIJING – The number of payments made by visitors to China saw a sharp increase while the total value of these payments also surged during the just-concluded May Day holiday, data…

Grid stability making power losses a thing of past

An intelligent robot inspects power supply equipment in Chuzhou, Anhui province, on Sunday.[SONG WEIXING/FOR CHINA DAILY] China has dramatically transformed its power grid security and reliability in recent years, overcoming past power shortages to build a system now boasting the world’s highest voltage levels, largest renewable energy integration and most robust resource allocation capabilities, industry…

Pangdonglai retail chain, blogger, in social media spat

Consumers are seen at a retail complex operated by Pangdonglai in Xuchang, Henan province, on April 28. [NIU SHUPEI/FOR CHINA DAILY] Pangdonglai, a widely known retail chain despite operating just 13 stores in a mere two cities in Henan province, shut down its official website on Tuesday. The shutdown was seen by many as linked…

Table tennis

China’s GDP growth a ‘festival of opportunity’

“A five-percent GDP growth is an absolute festival of opportunity in the trade show market,” Hugh Jones, CEO of RX Global, said in an interview with China Daily. “It gives us greater commitment to deepen our presence in China’s multiple industries, multiple markets, and that’s a long-term stable growth potential,” he added. Tanks to chinadaily.com.cn…