BEIJING — China will advance the opening-up of its services sector in nine additional pilot cities, according to a statement released by the Ministry of Commerce on Friday. The nine cities — Dalian, Ningbo, Xiamen, Qingdao, Shenzhen, Hefei, Fuzhou, Xi’an and Suzhou — will be tasked with implementing 159 pilot measures, targeting key areas of…
An employee sorts gold ornaments at a jewelry shop in Lianyungang, Jiangsu province. WANG CHUN/FOR CHINA DAILY Increasing gold holdings remains a long-term strategic direction for China’s central bank as it works to optimize the composition of its international reserves, while the fundamental drivers supporting a long-term rise in gold prices remain intact, experts said.…
BEIJING — China announced on Friday that it will change export tax rebates for a range of products, including photovoltaic and battery products. The announcement, jointly issued by the Ministry of Finance and the State Taxation Administration, said that export tax rebates for the value added tax of photovoltaic products will be canceled starting from…
An aerial drone photo taken on Nov 2, 2025 shows a view of the Sanya Yazhou Bay Science and Technology City in South China’s Hainan province. [Photo/Xinhua] BEIJING – China’s Ministry of Commerce will further boost consumption and expand opening-up as part of its key work for 2026, according to a two-day national commerce work…
An aerial drone photo taken on Jan 8, 2026 shows a view of the Chuanshan area of Ningbo-Zhoushan Port, East China’s Zhejiang province. [Photo/Xinhua] Shipping rates between China and its major trading partners have diverged sharply in recent weeks, with short-haul routes to Southeast Asia recording sustained price increases, while long-haul services to the West…
Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China. [Photo/Xinhua] With China’s central bank having signaled readiness to flexibly implement cuts to the reserve requirement ratio and interest rates, analysts pointed to the rising necessity and possibility of front loading monetary easing measures this year to kick off a…
A Unitree G1 robot spars with Aadeel Akhtar, CEO and founder of Psyonic, at the first International Humanoid Olympiad at the Olympic Academy in Olympia, Greece, on Sept 1. THANASSIS STAVRAKIS/AP In a soundproof recording studio in New York City in the United States, an independent audio producer leans toward a microphone, replaying the same…
Skiers ride a magic carpet ski lift at the Li Ning Snow Park in Jinzhong, North China’s Shanxi province. [Photo/Xinhua] TAIYUAN — Consumption vouchers issued by local governments are driving a surge in spending across China’s ice and snow industry this winter, as provinces roll out subsidies to boost participation in winter sports and related…
Shanghai’s continued efforts to improve its business environment are conducive to creating a vibrant ecosystem for technological innovation, which serves as a key growth engine for the city’s high-quality economic development, said officials and company executives. Their comments were made following the new action plan that the municipal government rolled out on Jan 4 to…
Chinese tourists walk in a shopping street in Seoul, capital of South Korea, on Dec 26. LIU JUN/FOR CHINA DAILY Seoul’s winter festivities have eclipsed… Read More »Chinese visitors to South Korea soar, topping Japan