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China’s general public budget revenue exceeds 21.97 trillion yuan in 2024

China’s general public budget revenue, which is the sum-up of tax revenue and non-tax revenue, reached more than 21.97 trillion yuan ($3.03 trillion) last year, increasing 1.3 percent year-on-year, the latest data from the Ministry of Finance showed on Friday. The fiscal revenue had showed greater growth momentum toward the end of the year, following…

Spring Festival rush: Visa-free policies ignite surge in foreign tourist arrivals

Inbound tourists arriving by cruise ship watch a lion dance performance in Shanghai, East China, Jan 8, 2025. [Photo/Xinhua] BEIJING — As China continues to relax its visa-free policies, the country has seen a notable increase in foreign visitors joining the Spring Festival travel rush, eager to experience its rich cultural traditions. The Spring Festival…

Chinese beauty brand Florasis launches a flagship store in Tokyo

A Japanese consumer experiences the products of Chinese beauty brand Florasis at its newly launched flagship store in Tokyo, on Jan 27, 2025. [Photo provided to chinadaily.com.cn] Huaxizi, or Florasis in English, a Chinese beauty brand with cultural and aesthetic attributes, launched its first overseas flagship store in Tokyo’s Ginza area on Monday, becoming the first…

China’s trade-in policy sees significant results in 2024: Ministry

Customers apply for subsidies under the trade-in program in Hangzhou, Zhejiang province, in October. [Photo/Xinhua] China’s trade-in policy achieved significant results in 2024, said Sheng Qiuping, vice-minister of commerce, at a news conference in Beijing on Friday. Last year, more than 6.8 million vehicles were traded in for new ones. More than 62.76 million units…

How much do EU foreign affiliates generate in net turnover?

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Railways facilitate tourism in NE China

Tourists visit the Shenyang Imperial Palace Museum in Northeast China’s Liaoning province, on Jan 9, 2025. [Photo/Xinhua] In the vast expanse of Northeast China, railways have become a fast, reliable and convenient means of transportation for people, injecting vitality into the economic development of the region’s tourism economy. Since the Spring Festival travel rush began…

China’s DeepSeek surpasses ChatGPT in US app downloads

China’s homegrown AI model, DeepSeek, has surged to the top of the free app download charts in the United States region of the Apple App Store, surpassing the once-dominant ChatGPT. It also secured the number one spot on the free app rankings in China. On Jan 20, Chinese artificial intelligence firm DeepSeek officially launched its…

Chinese enterprises accelerate Arab states’ energy transition

Chinese companies are ramping up their engagement in the burgeoning new energy sector within Arab nations, responding to the urgent energy transition needs in the region, said experts. This strategic move entails a substantial push into renewable energy domains like solar and wind power, hydrogen energy and cutting-edge energy storage solutions. The anticipated future collaborations…

Non-standard commerce transforms China’s distinctive consumer market

Visitors pose for a photo at the Beicang Cultural and Creative Block in Jiangbei district of Southwest China’s Chongqing municipality, Oct 4, 2024. [Photo/Xinhua] CHONGQING – In Southwest China’s Chongqing municipality, abandoned factories and warehouses have been transformed into vibrant cultural and creative hubs, while old neighborhoods have been revitalized with unique bistros and cultural…