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China will take steps to upgrade its free trade zones, allowing them to operate with greater efficacy, the State Council, the country's Cabinet, said on Friday, amid the ongoing trade tensions with the United States.
Shanghai's continued efforts to create an amiable business environment will boost economic vibrancy and elevate market confidence, translating into growth momentum necessary to confront the headwinds in the global economy, said experts and corporate executives.
Despite the hefty tariffs that Washington slapped against Beijing, China's total goods imports and exports climbed 2.4 percent year-on-year to 14.14 trillion yuan ($1.95 trillion) in the first four months of the year.
Swiss biotech giant Roche Pharmaceuticals launched a new biopharmaceutical production base in Pudong, Shanghai, on Thursday.
The international rare earth market has seen an unusual price surge now.
China's trade continued to expand at a solid pace in April, despite hefty U.S. tariffs on Chinese goods, official data showed Friday.
This year marks the 50th anniversary of China-EU diplomatic ties — a milestone that analysts said Beijing and Brussels should capitalize on to strengthen communications and resolve pending issues, and take their relationship to new heights.
China firmly opposes the United States' decision to eliminate the de minimis exemption, a tax-free policy that allows low-cost parcels to enter the U.S. duty-free, for Chinese goods, and will work with all countries to promote the sound development of cross-border e-commerce.
China's latest incremental financial measures to stabilize market expectations will help to further consolidate market recovery by ushering in more long-term capital and boost investors' sentiment with the continued advancement of capital market reform.
China's new financial stimulus package reflects policymakers' strong resolve to stabilize the domestic economy and financial markets amid ongoing tariff-related pressures, paving the way for greater monetary and fiscal actions to shore up domestic demand and confidence.
China-Russia trade is expected to maintain growth momentum in the coming years, as both countries are actively strengthening business ties in manufacturing, green industries, cross-border e-commerce and other emerging sectors.
China and the United States are scheduled to hold official trade talks later this week, as Beijing reiterates its commitment to dialogue and cooperation while firmly safeguarding its legitimate interests in the face of escalating U.S.-initiated trade tensions.
On Tuesday, under the supervision of Nansha Customs, 117 containers of Thai durians, weighing over 1,600 metric tons in total, were swiftly cleared for entry.
Spending during China's May Day holiday surged, with 314 million domestic trips made over the five-day break -- up 6.4% from a year earlier -- according to the Ministry of Culture and Tourism. Domestic tourists spent 180.3 billion yuan (about $25 billion), an 8% increase year-on-year.
Among the 59 gauges that the World Bank has used to measure the business environment, Shanghai has reached the best level for 22 gauges, according to the latest WB report.
China's top financial regulators have reinforced their commitment to the stability of the country's capital market on Wednesday, vowing to provide sufficient funding when necessary.
China will cut the interest rates on individual housing provident fund loans by 25 basis points to ease the burdens of homebuyers, while stabilizing the real estate market, PBOC Governor Pan Gongsheng said on Wednesday.
Beijing confirmed on Wednesday that its top trade negotiator will meet with his U.S. counterpart during a visit to Switzerland this week but issued a pointed warning: dialogue must be genuine, not a cover for continued pressure and unilateral demands.
The People's Bank of China, the country's central bank, will establish a new relending facility worth 500 billion yuan ($69.28 billion) to support consumption in service sector and elderly care, to increase low-cost funding for key consumer-related sectors.
China has agreed to engage with the United States on tariff issues, after the White House signaled the possibility of adjusting its tariff policies and proactively reached out to Beijing through various channels.
The number of major infrastructure and manufacturing projects launched in China saw robust growth in the first quarter of 2025, with large-scale projects leading the expansion and reinforcing the economy's upward momentum.
China has decided to impose anti-dumping duties on imported cypermethrin originating in India, starting on Wednesday, as findings of an anti-dumping investigation have shown that imports of cypermethrin from India engaged in dumping.
China will adopt more proactive macroeconomic policies and is confident of achieving its economic growth target of around 5 percent for 2025.
Recently, U.S. senior officials frequently released signals to adjust tariffs and actively sent information to the Chinese side through multiple channels, expressing intention to start talk on tariff-related issues with China.
Washington's so-called "reciprocal tariffs" are hurting the United States more than China, and if the U.S. wants to talk, China is expected to be open only to negotiations based on equality and fairness, said a senior economist.
The Foreign Ministry announced on Wednesday that Vice-Premier He Lifeng will visit Switzerland, meet with United States Treasury Secretary Scott Bessent, and later travel to France.
China recorded a significant surge in cross-border travel during the 2025 May Day holiday, with a total of 10.896 million inbound and outbound trips, according to the National Immigration Administration.
China last Wednesday passed a law to promote the private sector, aligning with constitutional provisions on the socialist economic system and providing legal backing for the private economy under socialism with Chinese characteristics. The move marks a significant step in the country's legal development.
During this May Day holiday, county tourism in China has become a new trend.
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