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…
On 30 November 2025, a total of 4.33 million non-EU citizens who fled Ukraine had temporary protection status in the EU. Compared with the end of October 2025, the total number of people from Ukraine under temporary protection increased by 30 615 (+0.7%). The EU countries hosting the highest number of beneficiaries of temporary protection…
The Chilean Cherry Ice & Snow Festival officially launched on Saturday in Changchun, Jilin province. [Photo provided to chinadaily.com.cn] The Chilean Cherry Ice & Snow Festival was officially launched in Changchun, Jilin province recently, marking the start of a nationwide winter-themed promotion aimed at strengthening the presence of Chilean cherries in China’s premium fruit market. Initiated…
China will begin phasing out value-added tax export rebates for photovoltaic products from April 1, the finance ministry announced in a joint statement with the State Taxation Administration on Friday. Export rebates for battery products will be cut from 9 percent to 6 percent between April and December, before being fully scrapped from Jan 1,…
Skiers dressed up in Peking Opera costumes perform a themed skiing show at the Lake Songhua Resort of Jilin city, Northeast China’s Jilin province on Nov 21, 2025. [Photo/Xinhua] HARBIN — As China vigorously develops the ice and snow economy to boost consumption, homegrown gear makers are aiming for rapid growth in the winter sports…
Premier Chinese cashmere brand Sandriver inaugurated its largest global flagship store at Shanghai’s iconic Zhang Yuan, or Zhang Garden on Saturday. [Photo provided to chinadaily.com.cn] Premier Chinese cashmere brand Sandriver inaugurated its largest global flagship store at Shanghai’s iconic Zhang Yuan, or Zhang Garden on Saturday. As the first homegrown luxury brand to establish a presence…
BEIJING — China will advance the opening-up of its services sector in nine additional pilot cities, according to a statement released by the Ministry of Commerce on Friday. The nine cities — Dalian, Ningbo, Xiamen, Qingdao, Shenzhen, Hefei, Fuzhou, Xi’an and Suzhou — will be tasked with implementing 159 pilot measures, targeting key areas of…
An employee sorts gold ornaments at a jewelry shop in Lianyungang, Jiangsu province. WANG CHUN/FOR CHINA DAILY Increasing gold holdings remains a long-term strategic direction for China’s central bank as it works to optimize the composition of its international reserves, while the fundamental drivers supporting a long-term rise in gold prices remain intact, experts said.…
BEIJING — China announced on Friday that it will change export tax rebates for a range of products, including photovoltaic and battery products. The announcement, jointly issued by the Ministry of Finance and the State Taxation Administration, said that export tax rebates for the value added tax of photovoltaic products will be canceled starting from…
An aerial drone photo taken on Nov 2, 2025 shows a view of the Sanya Yazhou Bay Science and Technology City in South China’s Hainan province. [Photo/Xinhua] BEIJING – China’s Ministry of Commerce will further boost consumption and expand opening-up as part of its key work for 2026, according to a two-day national commerce work…