BEIJING – China unveiled a set of measures on Sunday to further optimize its departure tax refund policy to meet overseas tourists’ needs better and expand inbound consumption. The minimum purchase threshold for departure tax refunds has been lowered, allowing overseas travelers to apply for a refund if they spend at least 200 yuan (about…
Since 2013, EU imports from China grew 7.3% a year, while exports rose just 4.3%. In early 2025, the gap widened further: imports jumped 18%, exports dropped 7%.Trade is underperforming output. In a healthy, globalized expansion, international trade typically grows faster than global GDP. For decades, the ratio of trade growth to GDP growth hovered…
People take a sightseeing train across cole flower fields in Pingyuan village, Anshun city of Southwest China’s Guizhou province, April 6, 2025. [Photo/Xinhua] BEIJING – Spending on domestic travel by Chinese residents surged by 18.6 percent in the first quarter of 2025 compared to the same period last year, highlighting robust growth in cultural and…
BEIJING — With ample policy reserves and sufficient policy room, China is fully confident in achieving this year’s economic and social development goals and tasks, Zhao Chenxin, deputy head of the National Development and Reform Commission, told a press conference on Monday. Tanks to chinadaily.com.cn Please visit: Our Sponsor
Visitors check out medical services supported by AI during an expo in Shanghai.[Photo/China Daily] Chinese companies will accelerate the adoption and popularization of artificial intelligence technology to boost operational efficiency and reinvent their businesses, as a new era of digitization is unfolding — one in which AI continuously drives new levels of autonomy across organizations…
NANJING — At a resource recycling center, batches of discarded cables are sorted, dismantled, cleaned and processed, transforming waste into valuable raw materials like copper and aluminum for reuse. This center belongs to State Grid Xuzhou Power Supply Co in Xuzhou, a major energy hub for one of China’s economic powerhouses — Jiangsu province. “Extracting…
China has introduced a new policy that enables foreign visitors to claim departure tax refunds for purchases as low as 200 yuan ($27) per day at the same store, significantly reducing the previous threshold of 500 yuan. This is part of the country’s latest move to optimize the departure tax refund policy for foreign visitors.…
“The development of 5G and the beginning of the rollout of 5G-Advanced across China is very impressive,” Vivek Badrinath, director-general of GSMA, said in an interview with the China Daily website. The mobile economy has already contributed $1.2 trillion to China’s GDP and is projected to grow to $2 trillion in economic size in the…
Japan and China can leverage their respective strengths in a macro-micro partnership, particularly in the realms of artificial intelligence and robotics, to achieve mutual benefits and success, former Japanese prime minister Yukio Hatoyama said on Friday in Shanghai. Japan’s expertise in details and basic materials, combined with China’s strong organizational capabilities and impressive industrial achievements…
An employee monitors the operation of a virtual power plant in Wuhu, Anhui province. [XIAO BENXIANG/FOR CHINA DAILY] Virtual power plants (VPPs) are becoming critical tools to secure electricity supply and enhance the utilization of renewable energy resources, at a time when global power demand is growing, a consensus view shared recently showed. With shared…