Duty-free shopping booms in Hainan FTP

A month after Hainan FTP launched special customs operations, China International Communications Group (CICG) interviewed Feng Fei, secretary of the CPC Hainan Provincial Committee, on Hainan's core strengths, development potential and the opportunities it offers to the world.

​China's gross domestic product (GDP) grew 5 percent year on year in 2025, meeting the annual target of around 5 percent, official data showed Monday.

​China's value-added industrial output expanded 5.9 percent year on year in 2025, official data showed on Monday.

​People's incomes in China showed sustained growth last year amid a continued economic recovery, official data showed on Monday.

For years, China's economy has confounded the pessimists. While skeptics have routinely scrutinized every new challenge or external shock as a prelude to inevitable decline, facts on the ground speak for themselves: While not immune to headwinds, the Chinese economy has proved far more resilient than many expected.

​Yiwu, the eastern Chinese city known as "the world's supermarket," saw its foreign trade value reach a record high of 836.5 billion yuan (119.37 billion U.S. dollars) in 2025, Yiwu Customs announced on Saturday.

​China's housing market continued to soften as home prices in 70 large and medium-sized cities generally fell in December 2025 from the previous month, official data showed Monday.

China's value-added service output went up 5.4 percent year on year in 2025, data from the National Bureau of Statistics (NBS) showed Monday.

The national consumer goods trade-in subsidy program has been a focal point for discussion among Chinese consumers in recent years. The program, which covers home appliances, digital products and vehicles, is part of China's stimulus package launched in 2024, which also includes incentives for large-scale equipment upgrades.

​China's fixed-asset investment went down 3.8 percent year on year in 2025, data from the National Bureau of Statistics (NBS) showed Monday.

​China's retail sales of consumer goods, a major indicator of the country's consumption strength, climbed 3.7 percent year on year in 2025, official data showed Monday.

European Council President Antonio Costa said Sunday on X that the European Union (EU) is "ready to defend itself against any form of coercion" in response to U.S. President Donald Trump's tariff threats over Greenland.

​China-Central Asia economic and trade cooperation made considerable progress in 2025, with the total value of trade in goods reaching 106.3 billion U.S. dollars, a year-on-year increase of 12 percent, according to a statement published on the website of the Ministry of Commerce on Sunday.

Under the brilliance of arena stage lights, a vast circular screen tracks every move of a match in real time.

​The European Union is considering hitting Washington with 93 billion euros (107.68 billion U.S. dollars) worth of tariffs or restricting American companies from the bloc's market, in response to U.S. President Donald Trump's tariff threats over Greenland, according to Financial Times.

A group of Chinese researchers has proposed a novel data-driven framework for real-time online estimation and analysis of the remaining driving range of electric vehicles (EVs).

The Hainan Free Trade Port (FTP) officially launched island-wide special customs operations on Dec. 18, 2025. One month in, a reporting team from China International Communications Group (CICG) conducted an exclusive interview with Feng Fei, secretary of the Hainan Provincial Committee of the Communist Party of China (CPC) and chairman of the Standing Committee of the Hainan Provincial People's Congress. Drawing on early results and the policy benefits already taking shape, Feng shared insights into Hainan's core strengths, development potential and the opportunities it offers to the world.

One month into the island-wide special customs operations, Hainan Free Trade Port in south China has made initial achievements in trade and logistics efficiency.

By combining camping with Daur folk customs, ice sports and local culinary traditions, the Meilisi Daur ethnic district has created a distinctive cultural tourism brand.

In their latest move to support the real estate market, China's financial authorities on Saturday announced that they will lower the minimum down payment ratio for commercial property mortgages to no less than 30 percent.