China Duty Free Group opens its 7th Hainan Duty-Free Shopping Festival in Sanya on July 4. [Photo provided to chinadaily.com.cn] Duty-free shopping in Hainan province has surged since a major policy overhaul in 2020, with sales hitting 195.8 billion yuan ($27.3 billion) over the past five years, customs data shows. The boom follows the province’s…
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China’s tax authorities delivered 636.1 billion yuan ($88 billion) in tax and fee cuts or rebates in the first five months to spur technology innovation and high‑end manufacturing, the State Taxation Administration said on Friday. The bulk of the relief – 415.8 billion yuan – went to advanced manufacturing, including extra VAT deductions for producers of equipment, digital…
Liu Qiao, dean of Peking University’s Guanghua School of Management, said in an exclusive interview with China Daily that “bold innovations” in fiscal policy could hold the key to addressing weak consumer confidence. New policy tools worth considering in the second half of the year, Liu said, include fiscal transfers or cash subsidies for low-income…
In 1981, the band Talking Heads released the uncanny track Once in a Lifetime, with a bewildered David Byrne famously asking, “Well… how did I get here?” Their hit took time to catch on, unlike platforms like TEMU, TikTok, AliExpress, and SHEIN, which exploded overnight to reach nearly €30 billion in exports to the EUAround…
Chinese mainland brokerages with international operations are ramping up efforts to secure virtual asset trading licenses from Hong Kong’s securities regulator, with the aim of capitalizing on the city’s push to become a global innovation hub for digital assets and serving more international investors. Industry insiders told China Daily that this trend would enhance liquidity…
A drone takes freshly-picked lychees from a Guangzhou garden, Guangdong province, to the cold-chained logistics to ensure the sweet treat is shared around the world.… Read More »Chinese lychee bears sweetness in Mexican homes
Han, a 55-year-old fisherman, gets up at 5 in the morning every day and goes to catch fish. [Photo by Xixingyushe/for China Daily] Tourists can… Read More »Marvelous natural scenery of Jinlong Bay in Jilin
Legoland Shanghai Resort, China’s first Legoland resort and the world’s largest at opening, officially opened to public on July 5 in Shanghai, featuring eight immersive themed areas with over 75 interactive rides, shows, and attractions. Get ready to step into this brick-filled wonderland! Tanks to chinadaily.com.cn Please visit: Our Sponsor