Visitors gather at UCB’s booth during the fifth China International Import Expo in Shanghai in November 2022. [Photo provided to China Daily] China’s commitment to foster innovation and advance high-standard opening-up has provided global pharmaceutical companies with broader access to its vast consumer base, enabling them to introduce innovative medical solutions to the world’s second-largest…
China is on track to meet its 2025 growth target, with the economy expected to expand by 5 percent annually, given its continued recovery, a raft of stimulus measures, blossoming emerging industries, and gradual rebound in demand, an expert on economic policy said. Sun Xuegong “China is accelerating its shift toward a technology — and…
China should look beyond short-term stimulus and decisively redistribute incomes to expand consumption, especially by transferring more State-owned wealth to the social welfare system, leading economists and policy researchers said. Now is the time to act, they said, with the latest consumption stimuli, such as the trade-in programs, creating a window to plan for long-term…
[Photo provided to chinadaily.com.cn] The Asian Development Bank has committed $150 million loan to the South Dongting Lake Wetland Ecological Restoration and Sustainable Development Project, which is co-financed in the amount of $65 million equivalent from the French Development Agency. The project is expected to serve as a model for wetland conservation and sustainable development…
“China is the hub of innovation,” Sean Green, president and CEO of BMW Group Region China, said at China Development Forum on Sunday. Spotlighting China’s innovation ecosystem exemplified by tech pioneers such as DeepSeek, he reveals BMW’s “Developed in China for the global market” strategy. By co-creating with local partners to meet the world’s most…
HANGZHOU – A major manufacturing city in East China’s Zhejiang province has kicked off its 2025 global trade promotion initiative in a bid to boost exports, amid rising trade protectionism and weakening demand in key global markets. As the first step of this endeavor, a delegation of 55 companies from the city of Jinhua, home…
“The China market is a very important market for Michelin Group, and we want to grow with China,” said Wu Junyi, vice-president of Michelin China to China Daily Website at the China Development Forum on Sunday. Having attended all 25 sessions of the forum since 2000, Michelin Group’s dual focus are growth and sustainability. “Our…
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The inspection bureau of the Beijing Municipal Tax Service, State Taxation Administration, has disclosed the results of a tax evasion case involving influencer Sima Nan and imposed a penalty. Leveraging big data analysis, the tax inspection bureau identified suspected tax evasion by Sima Nan and launched an investigation. The investigation revealed that from 2019 to…
BEIJING – As China’s high-tech sector thrives and Chinese firms continue to explore opportunities overseas, the China-related business of Standard Chartered Bank has seen a robust growth and enjoys broad prospects, said Bill Winters, group CEO of the banking corporation. Winters made the remarks in an interview with Xinhua ahead of the China Development Forum…