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Export of trade in services a priority

China will introduce a series of policy measures to further promote the export of services, and continuously optimize the policy environment of taxation and financial facilitation, the Ministry of Commerce said on Wednesday. As the country continues to promote the development of trade in services, the China International Fair for Trade in Services (CIFTIS) will…

Northeast Asia trade in focus at Jilin expo

A staff member at the Russian booth pours wine for visitors to taste on Wednesday, during the 15th China-Northeast Asia Expo in Changchun, the capital of Jilin province. [Photo provided to China Daily] China will leverage the China-Northeast Asia Expo platform to advance policy coordination, forge closer economic links and strengthen cooperation with Northeast Asia,…

Anta Sports reports revenue surge for first-half of 2025

Anta Sports posts first-half results for 2025 on Wednesday. [Photo/chinadaily.com.cn] Anta Sports Products Ltd posted its first-half 2025 results on Wednesday, reporting that revenue surged 14.3 percent year-on-year to 38.54 billion yuan ($5.4 billion), while net profit rose 14.5 percent to 7.03 billion yuan ($985.71 million). All brands achieved new half-year revenue highs, marking the…

AI chipmaker Cambricon briefly overtakes Moutai as China’s most valuable stock

Chinese AI chipmaker Cambricon Technologies briefly surpassed liquor giant Kweichow Moutai to become the country’s most valuable onshore stock, highlighting the shifting drivers of China’s economic growth, analysts said. On Wednesday, Cambricon’s shares jumped nearly 10 percent in intraday trading to 1,461 yuan ($204) apiece, overtaking Moutai to claim the title of “stock king”. The…

China expands departure tax refund policy to Jilin province

BEIJING – China will roll out its departure tax refund policy in Jilin province from Sept 1, the Ministry of Finance said on Wednesday. The policy allows overseas tourists to claim back value-added tax on eligible purchases made at designated tax refund stores before leaving the country. Eligible regions can adopt the policy after filing…