In the first half of this year, China recorded 13.64 million visa-free visits by foreign tourists, a 53.9 percent increase compared to the same period last year. This reflects efforts to improve the travel experience, including updates to departure tax refund policies. Foreign tourists can now claim VAT refunds for purchases as low as 200…
Export-bound vehicles are lined up at a port in Shanghai on April 15. CHINA DAILY China will continue to be a key center of exports, innovation and manufacturing for multinational companies despite uncertainty in the global economic and trade landscape, said executives of foreign companies. They said foreign businesses are deepening their presence in China,…
Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. [Photo/Agencies] BEIJING — China has completed the issuance of 188 billion yuan ($26.35 billion) of ultra-long special treasury bonds in 2025, supporting the implementation of large-scale equipment upgrades across key sectors, the National Development and Reform Commission (NDRC) announced…
China’s top market regulator is seeking public comment on draft rules that would tighten oversight of how automakers market assisted-driving systems, aiming to curb misleading claims that could encourage unsafe driving. The State Administration for Market Regulation said in a notice Wednesday that companies must not imply assisted-driving features are equivalent to autonomous driving or…
A robot band performs at a themed restaurant in Beijing, capital of China, Aug 6, 2025. [Photo/Xinhua] BEIJING – As the doors swing open at Beijing’s new robot-themed restaurant, diners are greeted by humanoid waiters who nod and speak in lifelike gestures, while robotic servers glide between tables delivering dishes and a robot band plays…
Chinese logistics company SF’s aircraft are seen at an airport designated for freight transportation in Ezhou, Hubei province, on July 11. XIAO YIJIU/XINHUA Despite a generally modest performance by the global air cargo market, airlines in the Asia-Pacific region have indicated the strongest growth in demand across all regions, attracting more investments from international carriers.…
BEIJING — During last month’s third China International Supply Chain Expo (CISCE), overseas exhibitors made up 35 percent of participants — up 3 percentage points on 2024 and 9 points on the inaugural 2023 edition — with industry giants like Honeywell, GE Healthcare and Siemens already securing their spots for next year, underscoring foreign firms’…
A drone is used to hoist photovoltaic construction equipment in Yueqing, Zhejiang province, on May 25. CAI KUANYUAN/FOR CHINA DAILY China is cementing its position as the dominant force in global clean energy investment, driving down equipment costs and playing a pivotal role in the worldwide shift toward sustainable energy, according to a report released…
Property developer China Evergrande Group announced on Tuesday that the Hong Kong stock exchange has decided to delist it, effective Aug 25, and the company confirmed it will not apply for a review. The announcement came after a letter was received from the bourse operator on Friday, stating that Evergrande, which is already in the…
China will offer a new loan interest subsidy for businesses in eight eligible categories of the service sector, which officials and analysts said is an innovative step to enhance service offerings and spur spending appetites that will help the country meet its annual growth targets. “With an interest subsidy ratio of 1 percent, every 1…