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Drifting economy invigorating lazy, hazy hot season

Tourists enjoy rafting amid mountain scenery on the Maoyan River in Zhangjiajie, Hunan province. WU YONGBING/FOR CHINA DAILY As summer heat arrives, the popularity of drifting along waterways in an attempt to keep cool continues to rise across the country, helping propel the event from a singular water entertainment activity to one of the premier choices…

Waterways proving cool summer getaway

Paddleboarding enthusiasts make the most of nice weather to visit Liangma River in Beijing on July 20. CHEN XIAOGEN/FOR CHINA DAILY Urbanites are turning to outdoor water-related activities for relief this summer. In Beijing, paddleboarding on Liangma River has quickly emerged as one of the most popular ways to cool off, stay fit and socialize. Among…

Fiscal moves urged to spur economy

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. [Photo/Agencies] As markets await China to unveil its economic policy roadmap for the second half, economists and policy advisers have renewed calls for ramping up fiscal stimulus measures to address persistent challenges in the property sector and local government…

EU governments increased R&D allocations by 3% in 2024

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Tax system reform helps drive investment

During the 14th Five-Year Plan period (2021-25), China’s tax system has opened wider to the world, actively drawing in foreign investment while helping domestic enterprises expand their global footprint, official data showed. According to data released by the State Taxation Administration on Monday, the number of foreign-invested business entities with tax obligations in China increased…

EU ice cream production sees uptick of 2% in 2024

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China allocates 69b yuan for consumer goods trade-in program

A staff member (right) introduces the household appliances trade-in program to people in a Suning store in Jiaxing, Zhejiang province, on June 2. JIN PENG/FOR CHINA DAILY BEIJING — China has allocated 69 billion yuan (about $9.66 billion) in its third batch of ultra-long special treasury bond funds to support the country’s consumer goods trade-in program,…

Low-altitude mobility expo features cutting-edge products

Eyeing China’s booming low-altitude mobility sector, a number of companies unveiled their latest cutting-edge products and solutions at the first International Advanced Air Mobility Expo, which concluded recently in Shanghai. Click the video and check out some of the highlights. Tanks to chinadaily.com.cn Please visit: Our Sponsor