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…
Shoppers browse digital products offering trade-in subsidies at a store in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY BEIJING — China’s efforts to spur consumer spending are off to a strong start this year, with government subsidy measures driving a surging demand in digital products, the Ministry of Commerce said on Thursday. Since the program’s…
The EU is once again running a trade deficit with China exceeding €1 billion per day as imports surge and exports decline. In January 2025, EU exports to China fell 13% year-on-year, while imports from China surged 22%, pushing the trade deficit to €31 billion.The Global Times, a daily tabloid newspaper under the auspices of…
The 12th World Congress of Chemical Engineering and the 21st Asian Pacific Confederation of Chemical Engineering Congress (WCCE 12 & APCChE 2025) will be held from July 14 to 18 at the China National Convention Center in Beijing, according to its organizer. It is expected that more than 5,000 professionals and representatives from chemical engineering…
Export-bound vehicles await shipment at Taicang Port, Jiangsu province. JI HAIXIN/FOR CHINA DAILY China Development Bank has rolled out a robust set of measures to provide strong financial support for businesses in the country’s foreign trade sector this year. The bank has been leveraging a wide array of financing instruments, including project loans, syndicated loans,…
Oliver Zipse, chairman of the board of management of BMW Group, delivers a keynote speech at the China Development Forum on March 23, 2025. [Photo provided to chinadaily.com.cn] German premium carmaker BMW Group has reaffirmed the company’s unwavering commitment to China, its largest market in the world, calling the country a “cornerstone” of its future…