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China reported its largest ever trade surplus with the EU in the first quarter of this year. What stands out is not just the size of the surplus, but how it was generated. The widening gap was driven mainly by a surge in Chinese exports to the EU. The equation is simple: since 2021, China’s…
Driven by the need to manage overseas operations and coordinate supply chains, cross-border business travel by Chinese enterprises is gaining momentum, a new industry report shows. Corporate outbound travel bookings have grown by more than 30 percent annually for three consecutive years since post-Covid international travel resumed in 2023, according to the 2025-2026 Business Travel…
Visitors seen at Pop Land theme park in Beijing. China Daily Pop Mart International Group is accelerating its shift from a collectibles retailer into a full-fledged intellectual property company, as it expands its theme park business as a key testing ground for immersive, experience-driven growth. On Friday, Pop Land unveiled a major upgrade in Beijing,…
A billboard in Shanghai displays renminbi’s foreign exchange rates. China Daily The renminbi’s rising prominence in global foreign exchange options is not an isolated development, but part of a broader, accelerating expansion of the Chinese currency’s international role across investment, financing and commodity pricing, analysts said. According to the London-based clearing house LCH, the yuan…
Chinese artificial intelligence startup DeepSeek on Friday released a new generation of large language models explicitly tuned for domestic chips, a milestone seen by industry experts as a shift from Nvidia reliance. The company unveiled a preview of its DeepSeek-V4 series, alongside a high-performance Pro version and a lightweight Flash variant. Notably, in its technical…
A woman identified as Maria from Argentina was able to stand upright with the assistance of an exoskeleton robot at the 139th session of the China Import and Export Fair. [Photo provided to chinadaily.com.cn] An Argentinian woman who lives with a disability has become a focus of attention at the Canton Fair in Guangzhou after…
Regulators in China have banned online platforms from marketing illegal financial activities such as virtual currency issuance and trading. The ban is part of moves to strengthen the regulation of the online promotion of financial products and better protect investors. The People’s Bank of China, the country’s central bank, and seven other authorities released a…
China’s securities regulator is planning to issue its first fine in a case of violating overseas listing registration requirements, underscoring its stepped-up efforts to deter violations while keeping channels open for overseas listings, including in the United States. The China Securities Regulatory Commission said on Friday that its Heilongjiang bureau has issued a prior notice…
China’s general public budget revenue grew 2.4 percent year-on-year in the first quarter, hitting a three-year high for the January-March period, the Ministry of Finance said on Friday. Revenue came in at 6.16 trillion yuan ($901.6 billion), an acceleration of 1.7 percentage points from the January-February level, Wang Jianxun, director of treasury payment center with…