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Green push turns barren areas into power hubs

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An aerial photo shows the Jinta multi-energy complementary 100,000-kilowatt molten salt tower solar thermal power station in Jiuquan, Gansu province, on Dec 2, 2024. CAO HONGZU/FOR CHINA DAILY LANZHOU — In the vast, barren Gobi Desert of northwestern China, over 25,000 heliostats arranged in concentric circles span a total reflective area of 770,000 square meters,…

DFS Group moves to elevate Hainan’s retail landscape

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Shoppers crowd at Sanya International Duty Free Shopping Complex in Sanya, Hainan province, on Dec 20. CHINA DAILY As Hainan Free Trade Port solidifies its status as a booming consumption hub, DFS Group, which is part of French multinational LVMH Group, is making a strategic push to elevate the island’s luxury retail landscape, viewing it…

Hainan FTP’s island-wide customs lauded

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CAI MENG/CHINA DAILY The launch of island-wide special customs operations at South China’s Hainan Free Trade Port represents a major strategic initiative by China to advance high-level opening-up in the new era. It carries profound historical significance and presents broad development opportunities. This strategy aims to build it into a prominent banner and a key…

China pilots L3 vehicles on roads

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BAIC Arcfox showcases the Alpha S sedan at the Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show in Shenzhen in July 2024. LIANG XIASHUN/FOR CHINA DAILY China has begun piloting Level 3 autonomous vehicles on public roads, marking a stride forward in intelligent mobility. But hurdles over liability, infrastructure and commercial rollout remain to be…

Fiscal policy for 2026 to be more proactive

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China will continue to pursue a more proactive fiscal policy next year with enhanced precision and effectiveness, to promote an effective improvement in the quality of the economy and a reasonable expansion in its scale, while maintaining social harmony and stability, said Finance Minister Lan Fo’an. He said on Saturday that the goal is to…

Revised law to spur high-level opening-up

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The revised Foreign Trade Law will strengthen China’s legal framework for high-level opening-up, promote high-quality trade growth, and enhance protection for businesses amid rising protectionism worldwide, experts and officials said. The updated provisions, which vow to further benchmark the law against international economic rules and safeguard the multilateral trading system, will also help foster a…

China to pursue more proactive fiscal policy, finance minister says

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China will continue to pursue a more proactive fiscal policy next year with enhanced precision and effectiveness, to promote an effective improvement in the quality of the economy and a reasonable expansion in its scale while maintaining social harmony and stability, Finance Minister Lan Fo’an said on Saturday. He said the goal is to lay…

China’s finance minister pledges expanding fiscal spending in 2026

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A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING — China’s finance ministry has pledged to expand fiscal expenditure in 2026 to ensure a solid start to the country’s 15th Five-Year Plan period (2026-30). China will implement a more proactive fiscal policy next year, Finance Minister Lan…