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Festival spells biz bonanza for banks

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A view of a duty-free shop in Haikou, Hainan province, during the Spring Festival. SU BIKUN/FOR CHINA DAILY As millions of Chinese pack into reunion banquets and splurge on holiday payments, the Spring Festival spending boom has become a high-stakes battleground for banks. In the race to dominate these lifestyle scenarios, commercial lenders are sharpening…

Outdoor firm’s success fuels expansion

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A customer enjoys music at Salomon’s flagship store in Chengdu, Sichuan province, on Dec 25. CHINA DAILY Amer Sports Inc, a global sporting goods conglomerate behind brands such as Arc’teryx, Salomon and Wilson, reported robust growth for fiscal year 2025, driven by solid performance from its outdoor divisions. Salomon, a leader in outdoor performance gear,…

Export curbs issued against Japanese entities with military connections

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China has accelerated enforcement of export control measures against Japanese entities with military ties, which officials and experts said sends a clear signal urging Japan to withdraw provocative remarks on Taiwan while curbing Japan’s remilitarization and its attempt to possess nuclear weapons. If the Japanese administration continues down this wrong path, it will further endanger…

China, ROK reach agreement in anti-dumping case

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China and the Republic of Korea, or ROK, reached an agreement on a price undertaking in the final stage of the hot-rolled coil anti-dumping case on Monday, according to the Ministry of Commerce’s website. Both sides agreed that replacing anti-dumping duties with a price undertaking aligns with the industrial interests of them both and enhances…

Trade in goods with the United States in 2025

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Slight decline in gross fixed capital formation in 2024

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China calls on US to revoke tariffs, refrain from imposing new ones

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China has called on the United States to revoke its unilateral tariff measures and refrain from imposing new ones, adding that it is willing to engage in candid consultations with the US during the upcoming sixth trade talks, the Ministry of Commerce said on Tuesday. The announcement comes as China assess the implications of a…

Expert: AI expands creation, but cannot replace meaningful innovation

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Ziwei Song, a United States-based world-renowned designer with over 20 prestigious international honors, hopes young Chinese designers can engage more confidently with international platforms. [Photo provided to chinadaily.com.cn] While generative artificial intelligence (AI) continues to reshape creative industries, a United States-based Chinese design award jury has reiterated that meaningful innovation lies in maintaining authenticity while…

Highway EV charging hits record high during Spring Festival holiday

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A staff member answers questions for a car owner at a highway service area along the Chengdu-Leshan Highway, in Sichuan province, on Feb 19, 2026. [Photo/Xinhua] Electric vehicle (EV) charging on China’s highways surged to a record high during this year’s nine-day Spring Festival public holiday, which ended on Monday, with daily average consumption jumping…