China’s childcare subsidy, set at a standard 3,600 yuan ($501) per year for each child under the age of three, is expected to provide financial relief for families, potentially boosting household consumption, analysts said. This people-centric approach to policymaking is likely to foreshadow further increases in public spending on areas that directly benefit households, such…
Visitors play at an indoor snow-themed entertainment zone in Harbin, Heilongjiang province, on July 9. LIU YANG/FOR CHINA DAILY The popularity of indoor activities such as indoor skiing, surfing, fishing, rock climbing and nighttime museum visits is on the rise, as holidaymakers escape from the intense heat across the country this summer. In particular, the…
Chris Lai (left), co-founder and CEO of METiS Technologies, and Ren Peng(right), chairman and general manager of Shunxi Management Co Ltd, a general partner of the Beijing Medical and Health Industry Investment Fund pose for a photo. [Photo provided to chinadaily.com.cn] METiS Technologies, a Beijing-based company focused on AI-driven nanodelivery innovation, has completed its 400…
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] BEIJING — Buoyed by stronger-than-expected economic performance and steered by policy continuity and certainty, China is accelerating through the home stretch of the 14th Five-Year Plan (2021-2025) to lay a solid foundation for future high-quality development. The first half of 2025 highlighted China’s…
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The benchmark Shanghai Composite Index gained 0.96 percent, closing at 3,617.60 points on Tuesday, reclaiming the 3,600-point level. The Shenzhen Component Index rose 0.59 percent, while the technology-focused ChiNext Index in Shenzhen also added 0.39 percent. Combined trading value on the Shanghai and Shenzhen bourses approached 1.6 trillion yuan ($220 billion), up 6.5 percent from…
BEIJING — As innovation and design emerge as new engines of growth, China’s manufacturing sector is undergoing a shift from scale-driven expansion to value-oriented transformation. In the first half of 2025, robust output in high-tech sectors, ranging from 3D printing and smart home appliances to personalized electric vehicles, highlighted the rise of smart manufacturing, where…
A taxation bureau official (left) answers a taxpayer’s queries in Fuzhou, capital of Fujian province. [Photo/Xinhua] China is stepping up the enforcement of a long-standing policy requiring residents to pay personal income tax on gains accruing from overseas investments, which industry experts said reflects improved access to cross-border financial data and a broader effort to…
In July, Kunming welcomed teachers and students from the UK’s Mandarin Excellence Programme summer camp. They were captivated by the fresh blooms of Dounan Flower… Read More »British teens’ amazing Kunming trip: Food, fun and more
A view of the Tianjin Ancient Cultural Street. [Photo by Yu Guanghui/For China Daily] Located just a short train ride from Beijing, Tianjin is a… Read More »Top 10 things to do in Tianjin