China would benefit from fine-tuning its fiscal system, moving the focus of taxation from factories to consumers, a move analysts say would help dismantle local protectionism and accelerate the development of a unified national market. Currently, value-added taxes — the largest source of tax revenue — are collected where goods and services are produced, said…
Workers assemble cars on the production line of FAW-Volkswagen in Qingdao, Shandong province, on March 25. LIANG XIAOPENG/FOR CHINA DAILY China and Germany are entering a new stage of collaboration in the automotive sector, moving beyond market complementarity to jointly develop technologies and standards that will help shape the global industry’s transformation toward electrification and…
Foreign institutions are showing increasing interest in China, where economic growth is driven by technological innovation and the capital market is more accessible to international investors, said industry mavens and officials. They made such comments during the Shanghai Stock Exchange Global Investors Conference on Wednesday, which was being held for the seventh consecutive year. Paul…
GE Vernova’s booth at the eighth China International Import Expo in Shanghai on Nov 6. CHINA DAILY GE Vernova views China as a crucial market for commercializing hydrogen power, with the company’s top executives pointing to the nation’s unique capacity to scale up new energy technologies and its ambitious carbon neutrality goals as the primary…
BlackRock CCB Wealth Management and China Construction Bank have called for stronger long-term capital support to drive China’s pension finance sector, highlighting in a recently released white paper that a stable and transparent capital market is vital for promoting long-term investment, building wealth and ensuring a resilient pension system. By the end of 2024, the…
Erik Nilsson Some of my Tibetan friends joke that the reason I don’t get altitude sickness, even at elevations around 5,000 meters, is because, in… Read More »Innovating on tradition to better tell Xizang’s global stories
A train developed by SOE Qingdao CRRC Sifang Rolling Stock Co Ltd runs in Santiago, Chile. XINHUA State-owned enterprises, as key participants in China’s high-quality development and in international competition and cooperation, should enhance their core competitiveness and, through development that is higher-quality, more efficient, and more sustainable, become world-class enterprises, officials said. Data from…
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An exhibitor from Ghana wearing traditional attire beats a drum on Thursday while promoting local craft items at the China Yiwu International Commodities Fair — Import Goods Exhibition in Yiwu, Zhejiang province. The three-day exhibition, which runs through Saturday, showcases products from Thailand, BRICS nations, and sister cities in 17 countries and regions. LYU BIN/FOR…
The Sherwin-Williams Company from the United States, a global leader in the paint and coating industry, participates in the 8th China International Import Expo in Shanghai. [Photo provided to chinadaily.com.cn] The Sherwin-Williams Company from the United States, a global leader in the paint and coating industry, is committed to serving the diverse industrial upgrading needs…