A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] More than 70 percent of people earning an income, did not have to pay tax in China last year, as the country’s individual income tax reform has significantly lightened the burden on lower-income earners, the latest…
Financial Street is a bustling economic hub in downtown Beijing, where more than 1,900 financial institutions from China and abroad have made a presence. WEN ZHAO/FOR CHINA DAILY As the Annual Conference of Financial Street Forum opens in Beijing on Friday, the place where the forum happens and takes its name from is stepping into the…
Jinbao, mascot of the China International Import Expo. [Photo/Xinhua] Shanghai is gearing up for the upcoming 7th China International Import Expo, CCTV reported on Friday. This year’s event, scheduled from Nov 5 to 10, has received confirmation from over 70 countries and international organizations to attend the national exhibition, overtaking last year in its scale.…
A bilingual sign for the Annual Conference of Financial Street Forum 2024 is prominently displayed on Beijing Financial Street to promote the event. SONG JIARU/FOR CHINA DAILY A prestigious financial event is to commence on Friday in Beijing, where senior government officials, along with experts, scholars and representatives from global financial institutions, will deliver keynote…
BEIJING — Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 2.91 percent to 3,261.56 points. The Shenzhen Component Index closed 4.71 percent higher at 10,357.68 points. The combined turnover of the Shanghai and Shenzhen bourses reached around 2.1 trillion yuan ($294.31 billion), up from 1.49 trillion yuan recorded on the…
Two researchers check out human milk oligosaccharide at a Nestle research center. [CHINA DAILY] Global food and beverage giant Nestle will continue to invest in its infant nutrition business in China and is bullish about the market’s long-term prospects, driven by the still large number of newborns in the country and the imminent approval of…
Kraft Heinz tomato ketchup products are seen at a supermarket in Beijing. [Photo/China Daily] This year marks a milestone for Kraft Heinz as it is celebrating its 40-year journey in China. The company established its first joint venture in Guangzhou, Guangdong province, in 1984. Ever since, it has been providing delicious, high-quality products to meet…
Siasun’s production line of robotic arms in Shenyang, Liaoning province. LI XULUN/XINHUA Siasun Robot and Automation Co Ltd, a major robotics technology company, recently exported more than 100 robots to Europe, a significant step in the company’s efforts to integrate with the burgeoning new energy manufacturing sector across the continent. Exports cover three main categories —…
A journalist takes a photo while riding in an autonomous vehicle in Chongqing in October. [Photo/Xinhua] On Friday, China’s top industry regulator said that China’s self-driving cars are nearing true road readiness with some testing plans approved qualified for the official rollout. Guo Shougang, deputy director of the equipment industry department at the Ministry of…
An employee works on a PV panel assembly line in Lianyungang, Jiangsu province, on Tuesday. SI WEI/FOR CHINA DAILY CHN Energy Investment Group (CHN Energy) is on track to efficiently step up investments in fields such as renewable energy and clean utilization of coal, to further facilitate China’s goal of achieving around 5 percent annual GDP…