Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China. [Photo/Xinhua] China still has room for cuts in the reserve requirement ratio and interest rates this year, with a firm yuan performance and stabilizing bank net interest margins providing the scope, said Zou Lan, vice-governor of the People’s Bank of…
An aerial photo shows automobiles ready for shipment and export at Longtan Port in Nanjing, Jiangsu province, on Oct 4, 2025. [Photo/Xinhua] China and the European Union have resolved the electric vehicle case in accordance with World Trade Organization rules and on the basis of mutual respect, a move of significant positive importance, the Ministry…
Passengers wait to check in at a terminal building of Chengdu Shuangliu International Airport, Sichuan province, on Dec 31, 2025. [Photo/Xinhua] China’s civil aviation sector logged a record number of passenger flights in 2025, marking a shift from the volatile post-pandemic rebound to a period of normalized, high-quality expansion, industry data show. According to a…
Visa, a global payments technology company, announced on Thursday that it will work with Apple to enable cardholders in China to add their Visa cards to Apple Pay and make payments overseas in a wide range of scenarios — including at on and offline merchants and within mobile apps. “As global digital payments continue to…
BEIJING – Chinese authorities on Wednesday announced the extension of a preferential individual income tax policy to support residents replacing their homes. The policy will take effect from Jan 1, 2026 and conclude on Dec 31, 2027, according to a joint announcement issued by the Ministry of Finance, the State Taxation Administration and the Ministry…
An R8 LMS GT3 EVO II race car by FAW Audi is on display at the 23rd Guangzhou International Automobile Exhibition, held on Nov 22, 2025. [Photo/VCG] Audi regained its position as China’s top-selling premium marque in 2025, outpacing BMW and Mercedes despite a softer market and intensifying competition in the world’s largest auto sector. The…
An aerial drone photo taken on March 16, 2025 shows the photovoltaic devices at a parking lot in the Boao zero-carbon demonstration zone in Boao, South China’s Hainan province. [Photo/Xinhua] HAIKOU – South China’s island province of Hainan reported a record-breaking 14.727 billion kilowatt-hours in green electricity and green certificate transactions in 2025, the provincial…
Foreign customers shop for sunglasses at a duty-free store in Tianjin on Nov 28. SUN FANYUE/XINHUA BEIJING — Park Eun Jeong, a 46-year-old visitor from the Republic of Korea, wrapped up her recent trip to China by securing tax refunds for two purchases at an airport in Shanghai — a peony-and-butterfly shawl and a hand-embroidered…
Alibaba Group announced on Thursday a major upgrade to its flagship consumer-facing artificial intelligence application, Qwen App, marking a further step in the company’s long-term strategy to bring advanced AI capabilities into practical everyday use. This shift from “AI that responds” to “AI that acts” is enabled by Qwen App’s deep integration with core services…
People visit the booth of iCAR during the China Motor Show (Tianjin) 2025 in North China’s Tianjin, Sept 30, 2025. [Photo/Xinhua] BEIJING – The Chinese government has called for firmly curbing disorderly price wars in the new energy vehicle (NEV) sector in an effort to safeguard fair market order and guide the fast-growing industry toward…