In 2024, flows of money sent by EU resident households to non-EU resident households, referred to as personal transfers, amounted to €52.1 billion, an increase of 6% compared with 2023 (€49.2 billion). Inflows of personal transfers to EU resident households totalled €14.8 billion, up by 7% compared with 2023 (€13.8 billion). In the last 5…
The Hainan Free Trade Port international services portal launches on Dec 15 in Haikou. [Photo by Fu Shihong/for chinadaily.com.cn] The Hainan Free Trade Port initiated an international services portal on Monday, three days before the launch of its landmark, island-wide special customs operations. The portal, en.hainan.gov.cn, centralizes information and streamlines services for expatriates and foreign-invested…
It also avoids admitting that there is a deep demand-side problem. Acknowledging that the main constraint is that people do not feel secure enough to spend would imply stronger social transfers, income redistribution, and a clearer backstop for local finances and households. All of that is politically and ideologically more sensitive.Instead, the leadership frames the…
The Hong Kong initial public offerings market is expected to sustain its robust fundraising activity next year, supported by a strong IPO pipeline, A+H listings and the attractive valuation of the Hong Kong equity market, according to financial and accounting specialists. Global auditing advisory firm KPMG said Hong Kong has reclaimed the top spot in…
China National Offshore Oil Corporation announced Sunday that the secondary development project of the Liuhua Oilfield, the country’s first deepwater oilfield, has fully commenced operation, a major breakthrough in China’s ability to develop complex deepwater oil and gas reservoirs. Located in the Pearl River Mouth Basin, the oilfield is China’s largest offshore reef limestone oilfield…
Russia’s decision greenlighting a visa-free policy for Chinese nationals was a reciprocal response to China’s earlier visa-free pilot policy for Russian citizens, which will greatly ease cross-border travel and is seen as a key step in deepening people-to-people ties while also boosting practical cooperation across sectors, experts said. Russian President Vladimir Putin signed a decree…
Horizon Robotics displays models featuring its driving assistance solutions at the Horizon Together 2025 Summit in Shenzhen, Guangdong province, on Dec 8. CAO YINGYING/CHINA DAILY China’s largest group of car owners — people who navigate the hustle and bustle of daily urban life — don’t they deserve the most user-friendly urban driving assistance features? Yu…
Guests interact with artificial intelligence companion toys on Nov 16 at the 2025 Global AI+ Conference in Beijing. CHEN XIAOGEN/FOR CHINA DAILY Eager to tap into a huge potential customer base, industry players are accelerating their push into the artificial intelligence-driven toys market, hoping to unlock new growth as supportive policies inject fresh momentum into…
Facing a vast population base, extended life expectancy and people’s rising living standards, China’s medical device sector is embracing a promising future, industry experts said. Wang Binbin, director and general manager of the Beijing Medical Robotics Industry Innovation Center, said: “China is the world’s second-largest medical device market, and the growth of the market exceeds…
A shopper (left) examines a mobile phone which enjoys trade-in price subsidy at a store in Leshan, Sichuan province. LI HUASHI/FOR CHINA DAILY BEIJING — Chinese authorities on Sunday made public a circular urging stronger coordination between the commerce and financial sectors to step up support for consumption, a key driver of the country’s economic…