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Cycling economy fueling sports-related spending

World champion cyclist Wong Wan-Yiu rides by the sea in Shenzhen, South China’s Guangdong province, on Oct 29. LIANG XU/XINHUA BEIJING — Whether traversing the breezy coastal greenways of Shenzhen, a coastal city in southern China, or “looping” the 100-kilometer urban parkway in Chengdu, renowned as a “leisure city”, cycling has emerged as a vibrant…

China plans measures to further unlock demand

Shoppers browse digital products offering trade-in subsidies at a store in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY China will step up efforts to boost domestic demand through targeted consumption stimulus, expand service-sector spending, and push ahead with retail and distribution reforms in 2026, said the country’s top commerce official. Speaking at a national commerce…

EU current account surplus €57.3 bn

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Household saving rate decreases to 15.1% in the euro area

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Explore tourism trips of Europeans

Did you know that in 2024, nearly 249 million, or nearly two-thirds (65%) of Europeans aged 15 or older, took at least one overnight trip for personal reasons? Or that most of them preferred to travel within their own country? In fact, 71.3% of all trips were domestic. And when they did travel abroad, they…

L3 autonomous driving takes to city streets

An SUV from China’s electric vehicle brand Voyah with L3 autonomous driving architecture undergoes road testing in Wuhan, Hubei province, on April 6. CHINA DAILY On the bustling roads of Beijing, a subtle revolution is taking shape, marked by a series of distinctive license plates. To the untrained eye, they are just alphanumeric codes. To…

PV export VAT rebates to be axed in April

An employee works on a PV panel production line in Maanshan, Anhui province, on Nov 21. WANG YUSHI/FOR CHINA DAILY China will scrap value-added tax rebates on photovoltaic products from April, signaling a decisive shift away from what industry experts see as subsidized overseas expansion. They said the decision could trigger a short-term surge in…

PV export VAT rebates to be axed in April

An employee works on a PV panel production line in Maanshan, Anhui province, on Nov 21. WANG YUSHI/FOR CHINA DAILY China will scrap value-added tax rebates on photovoltaic products from April, signaling a decisive shift away from what industry experts see as subsidized overseas expansion. They said the decision could trigger a short-term surge in…

MiniMax sees market value cross HK$100b after shares jump 100% on debut

Shanghai-based AI company MiniMax closed 109.9 percent higher at HK$345 per share in Hong Kong on Jan 9, raising its total market value to HK$106.7 billion on its initial public offering. [Photo provided to chinadaily.com.cn] Shanghai-based AI company MiniMax closed 109.9 percent higher at HK$345 ($44.26) per share in Hong Kong on Friday, raising its…