China will allocate 100 billion yuan ($15.4 billion) this year under a package of coordinated fiscal-financial policies to facilitate domestic demand expansion, Minister of Finance Lan Fo’an said on Friday in Beijing. Under the package, four targeted measures are designed for supporting private investment, while two are for boosting household consumption, Lan said, adding that…
Sunrise casts a golden hue on the mist enveloping Jingmai Mountain in Yunnan province. [Photo provided by Shao Hongyan for China Daily] On Jingmai Mountain… Read More »Where time moves at tea pace
BANGKOK — Chinese automaker NIO officially introduced its fully electric premium compact vehicle line under the brand Firefly in Thailand on Thursday as part of its strategy to expand global market presence. In partnership with Thai importer and distributor Thonburi Blue Sky, the launch featured the Firefly smart city car, designed for urban maneuverability with…
China will continue to steadily expand high-level financial opening and help build a more equitable, inclusive, and resilient global financial governance system, Pan Gongsheng, governor of the People’s Bank of China, the country’s central bank, said on Friday. Pan made the remarks at a news conference of the fourth session of the 14th National People’s…
People walk past the booth of Qwen during the 2026 Mobile World Congress (MWC) in Barcelona, Spain, March 2, 2026. [Photo/Xinhua] Chinese tech heavyweight Alibaba Group is reorganizing leadership and stepping up resources around its Qwen large language model following the departure of a key technical leader, as competition intensifies among China’s major tech companies…
China expressed serious concern on Friday after the European Union released a new legislative proposal imposing restrictive conditions on foreign investment in several emerging strategic industries, warning that the measures could create investment barriers and undermine fair competition, according to China’s Ministry of Commerce. The European Commission unveiled the Industrial Accelerator Act on Wednesday, introducing…
In a strategic push to accelerate the internationalization of its commerce sector, Linyi in Shandong province is leveraging the Belt and Road Initiative to evolve from a national trading hub into a global one. “In 2025, we organized 1,667 enterprises to explore overseas markets in countries involved in the Belt and Road Initiative and hosted…
Chinese Commerce Minister Wang Wentao attends a press conference for the fourth session of the 14th National People’s Congress on economy in Beijing, capital of China, March 6, 2026. [Xinhua/Li Xin] China will expand imports of agricultural products, high-quality consumer goods, advanced technological equipment, and key components, as part of efforts to promote a more…
President Xi Jinping (center), who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, and other leaders attend the opening meeting on Thursday of the fourth session of the 14th National People’s Congress, China’s top legislature, at the Great Hall of the People in Beijing.…
Visitors check out smart watches at Huawei’s global flagship store on Nanjing Road, Shanghai, on Feb 27. WANG GANG/FOR CHINA DAILY The Spring Festival holiday has concluded, but one of the clearest consumption signals is likely to endure: the holiday spending surge was defined less by lavish feasts and luxury gifts and more by a…