Hainan Free Trade Port to begin independent customs operations by end of 2025

​A Chinese commerce ministry spokesperson on Thursday urged the United States to completely abandon its erroneous practice of unilaterally imposing additional tariffs.

MODONG Coffee, a leading global health and wellness brand that has established a leading position in China's bulletproof drink market since its launch in 2019, is now widening its global presence.

China has built a relatively comprehensive artificial intelligence (AI) industrial system, with the value of its core sector nearing 600 billion yuan (about 83.45 billion U.S. dollars) by April 2025, the National Development and Reform Commission (NDRC) announced on Thursday.

On May 20, 2025, China's private economy promotion law came into force, marking China's first dedicated, foundational legislation for private-sector development. In the latest episode of the W.E. Talk, three distinguished experts—Yang Decai, a member of the 14th National Committee of the CPPCC, and Director of NJU Private Economy Institute; Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher; and Denis Simon, visiting professor at the Asian Pacific Studies Institute of Duke University joined a discussion on related topics. They agree that this law fills legal and institutional gaps, ushering China’s private economy into a new era of systematization and rule of law.

​China's data-driven development has gained steam since the implementation of a three-year action plan aimed at promoting the use of data as a factor of production and enhancing its role in driving economic and social development.

China is highly concerned about the European Union's (EU's) anti-dumping investigation into imports of tyres for passenger cars and light lorries from China, China's Ministry of Commerce said on Thursday.

​Beijing Daxing International Airport had handled a cumulative import and export value of 102 billion yuan ($14.19 billion) as of April this year since its opening in 2019, according to the Beijing Customs on Wednesday. This included 33.77 billion yuan in import and 68.23 billion yuan in export.

​Beijing recently rolled out a new action plan to boost AI-driven industry upgrades. Including 16 measures, the plan provides substantial financial incentives for companies that develop industry-leading AI models, provides smart equipment upgrades, and enhances intelligent security systems.

​Chinese Vice Premier Zhang Guoqing has underscored the importance of efforts to promote the sound development of the platform economy, and of maintaining a fair, orderly market environment.

​The China-Germany (China-Europe) Hidden Champions Forum 2025 concluded in Beijing on Tuesday. The importance of investment and collaboration in Chinese market is repeatedly emphasized during three days of in-depth discussions on industrial chain resilience, policy access and new technology cooperation.

​China's second-hand car exports to Belt and Road partner countries are surging, with deals worth over 1 billion yuan (about 139 million U.S. dollars) at a trade event held on Wednesday in Chengdu, capital of southwest China's Sichuan Province, underscoring rising global demand for China's quality used cars at competitive prices.

​China has released an implementation plan for the digital transformation of the electronic information manufacturing industry, setting a goal for major enterprises to achieve a numerical control rate of over 85 percent in key production processes by 2027.

​At a fully automated production line in south China's Guangxi Zhuang Autonomous Region, cans of energy drinks rolled off conveyors, destined for shelves across China.

​China's Cross-Border Interbank Payment System (CIPS) and the central bank of the United Arab Emirates (UAE) have signed a memorandum of understanding to enhance cross-border payment cooperation, the People's Bank of China (PBOC), China's central bank, announced on Wednesday.

​The first consignment of Bangladeshi fresh mangoes was exported to China on Wednesday.

​Leading financial institutions have recently raised their forecasts concerning China's GDP growth in 2025, given that China's pro-growth policies are helping the Chinese economy maintain its growth momentum, while recent China-U.S. trade talks in Geneva have also yielded substantive results.

​China's local governments issued new bonds worth about 1.49 trillion yuan (about 207.63 billion U.S. dollars) in the first four months of 2025, data from the Ministry of Finance showed Wednesday.

In recent years, the resurgence of unilateralism and trade protectionism has challenged global economic and trade cooperation. Worldwide, supply chains are rapidly being reconfigured. Yet China-ASEAN regional economic cooperation is bucking the trend.

China's newly enacted Private Sector Promotion Law is expected to ease financing challenges for private businesses, unlock greater innovation, and boost high-quality economic growth across the country.

The Ministry of Finance said Wednesday that it will issue a total of 68 billion yuan (about 9.46 billion U.S. dollars) in renminbi-denominated treasury bonds in six batches in the Hong Kong Special Administrative Region in 2025.