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Asylum applications in November 2025

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Year of the Horse: intangible cultural heritage, AI ignite festive spending in Beijing

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Long lines stretch outside intangible cultural heritage (ICH) workshops, children wave lanterns beneath glowing light installations, and young visitors queue eagerly to try on AR glasses that bring ancient palace scenes to life. As the Year of the Horse approaches, Beijing’s Spring Festival consumer market — where time-honored traditions and cutting-edge technology converge to spark…

Market regulator asks internet giants to avoid aggressive promotions, cutthroat competition

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China’s market regulator has summoned major internet platform companies, including Alibaba, ByteDance’s Douyin, Baidu, Tencent, JD, Meituan, and Taobao Flash Sale, urging them to curb aggressive promotional practices and avoid what authorities called cutthroat competition. In a statement released on Saturday, the State Administration for Market Regulation said it held talks on Friday with the…

China aims to build 1.5 trillion-yuan tea industry by 2030

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BEIJING — China has issued guidelines to promote upgrading of the tea industry, setting a target for the total size of the full industrial chain to reach 1.5 trillion yuan (about $216 billion) by 2030. The guidelines, jointly issued by five government departments including the Ministry of Industry and Information Technology, aim to remarkably improve…

Industrial production down by 1.4% in the euro area and by 0.8% in the EU

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Business registrations and bankruptcies up in Q4 2025

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EU in 2025 buys more, sells less, deficit bites harder

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Eurostat’s 2025 release shows a familiar and unresolved pattern in EU-China trade. The EU is buying more from China (+6%), selling less to China (-7%), and the deficit is widening (+15%), which demonstrates Europe still has not found an effective way to improve, or rebalance, its trade position.In line with earlier SOAPBOX projections, the EU’s…

China to establish regular financial support mechanism for rural revitalization

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BEIJING — China’s central bank and three other government departments have issued a guideline to establish a regular financial support mechanism to help prevent a relapse into poverty and advance all-around rural revitalization, the People’s Bank of China (PBOC) said on Saturday. The guideline, jointly released by the PBOC, the National Financial Regulatory Administration, the…

Anta leaps into US market with Beverly Hills store

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People wait outside the newly opened Anta sports store in Beverley Hills, California, on Friday. [Photo provided to chinadaily.com.cn] Chinese sportswear manufacturer Anta has opened its North American flagship store in Beverly Hills, California, a city renowned for its concentration of upscale brands. The 3,000-square-foot store is Anta’s first directly operated retail location in the…

China urges restoration of stable global semiconductor supply chain

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BEIJING — China’s Ministry of Commerce on Friday urged efforts to restore the smooth, stable operation of the global semiconductor supply chain, after a Dutch court announced a ruling related to semiconductor manufacturer Nexperia. A spokesperson for the ministry made the remarks when asked to comment on the Dutch Enterprise Chamber’s recent decision to launch…