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China has firm will, abundant means to take countermeasures if US further escalates restrictive measures: commerce ministry

A US cargo ship docks at the Qingdao Port, Shandong province. [Photo by Yu Shaoyue/For China Daily] BEIJING — With firm will and abundant means, China will resolutely take countermeasures and fight till the end if the United States insists on further escalating economic and trade restrictive measures, China’s Ministry of Commerce said Wednesday. “I…

Shanghai’s international entry and exit volume up 27% in Q1

Adora Magic City, the nation’s first domestically built cruise ship, completed its 100th commercial voyage on March 10, marking a new milestone in China’s cruise ship development. [Provided to China Daily] Shanghai has seen an increase in inbound and outbound passengers in the first quarter of the year, with the total entry and exit volume…

China Pavilion shines with tech prowess

Architects hold discussions at the China Pavilion of Expo 2025 Osaka in Japan. CHINA DAILY The China Pavilion, arguably one of the most anticipated national pavilions at Expo 2025 Osaka, will present a groundbreaking showcase of Chinese technological prowess in green solutions and ecological vision, in order to redefine global audiences’ understanding of China through immersive…

Free trade agreement boosts prosperity in Australia, China: trade minister

The Chinese and Australian national flags in Sydney, Australia. [Photo/Xinhua] SYDNEY — The Australian trade minister said on Tuesday that the decade-old China-Australia Free Trade Agreement (ChAFTA) has boosted prosperity in both countries. “The ChAFTA has made a major contribution to the prosperity, particularly in Australia, but I also like to think of China, over…

China’s consumption booms during Qingming Festival holiday

Editor’s note: China’s consumption surged during the Qingming Festival holiday, also known as the Tomb-Sweeping Day holiday, which ran from Friday to Sunday. Travel, tourism, online shopping and outdoor activities are some key drivers of economic growth during this period. Thanks to Chinadaily.com.cn Please visit: Our Sponsor

Firms, universities team up for R&D

A UBTech humanoid robot demonstrates its capabilities on a model of a factory assembly line, at the World Robot Conference in Beijing. FLORENCE LO/REUTERS In a concerted effort to bridge the gap between academic research and market application, a growing number of Chinese universities and enterprises are establishing joint laboratories. These partnerships leverage academic strengths…

China reports robust travel figures on 1st day of Qingming holiday

Passengers pose for photographs before boarding a train specially for senior travelers at a railway station in Shanghai. LIU WEIXING/XINHUA BEIJING – China, the world’s second-largest economy, saw an increased number of people travel to all corners of the country on the first day of this year’s three-day Qingming Festival holiday on Friday, with all…

Tariffs may encourage more yuan use

A clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] By disrupting global trade and triggering recession risks, the United States’ new tariff push may have an unintended result of giving rise to alternative international currencies, including the Chinese renminbi, also known as the yuan, experts said. “To supply global dollar liquidity,…

Chinese travelers invigorate global tourism with visa-free, convenient trips

Chinese tourists disembark from a cruise ship to enjoy their vacation on Jeju Island, South Korea, April 30, 2024. [Photo/VCG] TAIYUAN – China’s Tomb-Sweeping Day, traditionally a time for remembering the deceased, is also a perfect occasion for spring outings and sightseeing. While the country has a three-day holiday that started on Friday, Chinese tourists…

Additional levies attract policy gaze

China’s top economic regulator has pledged efforts to tackle issues faced by enterprises and support the development of the private sector, as it seeks to buffer the impact of the latest round of sweeping new tariffs from the United States. Zheng Shanjie, head of the National Development and Reform Commission, hosted a meeting on Tuesday…