China’s financial sector must develop a stronger sense of urgency, accelerate its transition toward greater market orientation, digital and intelligent transformation, and internationalization, and enhance its competitiveness. It needs to allocate vast pools of capital more effectively, seize opportunities arising from the rapid emergence of technology-driven enterprises, deliver solid returns to capital providers and create…
A sign of tax refund point is seen at a downtown duty-free shop in North China’s Tianjin municipality, Nov 28, 2025. [Photo/Xinhua] China’s inbound consumption surged in 2025 as tax refund reforms sharply boosted spending by overseas visitors, with the number of foreign tourists claiming departure tax refunds jumping 305 percent year-on-year, according to the…
A customer interacts with an embodied intelligent robot at a robot store of ENGINEAI Robotics Technology Co Ltd in Futian district of Shenzhen, South China’s Guangdong province, Jan 15, 2026. GUANGZHOU – China’s manufacturing heartland, Guangdong province, has set a GDP growth target of between 4.5 percent and 5 percent for 2026, Guangdong Governor Meng…
A view of the Qingdao Port in Shandong province. ZHANG JINGANG/FOR CHINA DAILY Shandong, a major manufacturing hub that has all 41 categories in the United Nations’ industrial classification system, has become the third province in China to exceed a gross domestic product of 10 trillion yuan, following Guangdong and Jiangsu provinces. The milestone, announced…
China’s securities regulator has set a regulatory framework to strengthen the role of performance benchmarks in regulating mutual fund investments, a milestone move to enhance the industry’s investment performance and attract more long-term investments, officials and experts said. Informed sources told China Daily that the rollout of relevant measures will proceed steadily and prudently, with…
A participant walks past the logo of the World Economic Forum prior to the opening of its annual meeting, in Davos, Switzerland, Jan 18, 2026. [Photo/Xinhua] As the World Economic Forum convened in the snow-capped Swiss town of Davos last week, the spotlight was firmly on China. Amid global uncertainties, Chinese leaders and delegates brought…
This photo taken on Dec 8, 2022 shows a view of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone in the southern metropolis of Shenzhen, South China’s Guangdong province. [Photo/Xinhua] GUANGZHOU – China’s Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is pushing forward with integration, with its combined economic output expected to surpass 15 trillion…
HONG KONG – The 19th Asian Financial Forum (AFF) opened in Hong Kong on Monday, bringing together global political and business leaders and regulatory representatives to promote international financial cooperation and policy coordination. Under the theme “Co-creating New Horizons amid an Evolving Landscape,” this year’s forum features the inaugural Global Business Summit, which will assess…
An aerial drone photo taken on Jan 14, 2026 shows a truck transporting a container at the international container terminal of Taizhou Port in Taizhou, East China’s Jiangsu province. [Photo/Xinhua] BEIJING – The Ministry of Commerce has vowed to further optimize supportive policies for foreign investment in 2026, pledging efforts to provide equal treatment to…
