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China’s tax revenue continues to rebound in July

China’s tax revenue saw a steady uptick in July, rising 5 percent year-on-year to reach about 1.8 trillion yuan ($250.9 billion), marking a continued rebound after recovering from a decline in April, data from the Ministry of Finance showed on Tuesday. For the January-July period, total tax revenue amounted to about 11.1 trillion yuan, down…

8.4% of tertiary students in the EU came from abroad

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Traditional craft furniture innovates with material selection and design styles

Sanfu classical craft furniture has been presented as a national gift to foreign leaders since 2014. [Photo by Xu Jiayi/chinadaily.com.cn] Founded in 1996, Fujian Sanfu Classical Furniture Co Ltd is a leading manufacturer of mahogany furniture and has been recognized by the Ministry of Industry and Information Technology as one of China’s top brands. Since…

Leapmotor posts 1st half-year profit as deliveries top China’s NEV startups

Leapmotor unveils its LEAP 3.5 architecture in Hangzhou, Zhejiang province, in March 2025. [Photo provided to chinadaily.com.cn] Leapmotor has turned a profit for the first time in a half-year period, joining Li Auto as the only Chinese NEV startups to achieve that milestone, after record sales and revenue gains in the first six months of…

Cathay Group vows more investment on mainland; to expand staff group

A Cathay Pacific aircraft is seen landing at Xi’an Xianyang International Airport in Shaanxi province on July 6. CHINA DAILY Hong Kong-based Cathay Group said it would continue to increase investment in the Chinese mainland, a highly important market, and hire more flight attendants and pilots from the Chinese mainland to meet growing travel demand. By…

Crackdown on ‘borrowed’ speculation

As China’s stock market buzzes with excitement, reaching a decade-high on Monday, banks are taking a cautious turn. Since early August, more than a dozen banks, from rural lenders to national giants, have tightened rules on credit card fund usage, emphasizing that borrowed money should support consumer spending, not speculative investments. On Aug 1, Shaanxi…

Success for local plant species in restoring biodiversity

A researcher inspects alfalfa at the breeding acceleration room of a company studying the ecological environment in Hohhot in December 2024. BEI HE/XINHUA More than a decade ago, the Chilechuan Grassland on the outskirts of Hohhot, capital of North China’s Inner Mongolia autonomous region, was a scene of ecological decline. Overgrazing and quarrying had stripped away…

China’s Meitu posts 12.3% revenue growth, with record number of paid subscribers

Meitu’s booth is seen during a forum in Nanning, Guangxi Zhuang autonomous region. [Photo provided to chinadaily.com.cn] XIAMEN — Chinese selfie-enhancing tech giant Meitu on Monday announced its financial results for the first half of 2025, reporting a total revenue of 1.8 billion yuan ($252.4 million) — a year-on-year increase of 12.3 percent. The company…