Foreign trade is a key pillar of China’s open economy and plays a crucial role in facilitating both domestic and international market integration. Strengthening foreign trade and investment remains a priority, with a strong focus on expanding service trade, green trade, and digital trade to enhance market access and foster global partnerships.
China’s national high-tech zones continue to play a pivotal role in the country’s scientific and technological innovation, fostering industrial transformation, and accelerating economic growth. These zones, established as incubators for cutting-edge industries, have become major hubs for research, development, and commercialization of new technologies.
China’s Action Plan for National High-Tech Zones to Driving Innovation and Future Growth Read More »
China has set its GDP growth target for 2025 at “around 5%”, a figure that reflects a careful balance between economic opportunities and challenges. As one of the most closely watched indicators in the annual government work report, this target plays a crucial role in shaping market expectations, guiding macroeconomic policies, and ensuring stable economic growth.
China’s 2025 GDP Target: Understanding the “Around 5%” Growth Goal Read More »
China’s State Administration of Taxation has introduced new Administrative Measures for the Final Settlement and Payment of Individual Income Tax on Comprehensive Income (hereafter referred to as the “Measures”). These Measures provide a structured and standardized approach to the final tax settlement process, reinforcing China’s tax administration reforms.
Understanding China’s New Administrative Measures for Individual Income Tax Settlement Read More »
As e-commerce and express delivery services continue to expand in China, concerns about excessive packaging waste and environmental impact have become increasingly urgent.
China’s Push for Greener Express Packaging: A Step Toward Sustainable Logistics Read More »
During the Third Session of the 14th National People’s Congress premier Li Qiang presented China’s stance on the development of foreign trade for 2025. China will remain steadfast in its commitment to opening-up and will steadily extend institutional opening-up and continue to promote the stable development of foreign trade.
2025 marks the final year of the 14th Five-Year Plan. During the Third Session of the 14th National People’s Congress, premier Li Qiang presented that in terms of the continuous development of its economy, China has set itself the goal to complete the goals and tasks of the “14th Five-Year Plan” with high quality and lay a solid foundation for the “15th Five-Year Plan”.
As China approaches the final year of its 14th Five-Year Plan (2021–2025), significant progress has been made in achieving key economic, social, and technological development targets.
China’s 14th Five-Year Plan: Key Targets Achieved Ahead of Schedule Read More »
China has set ambitious yet pragmatic economic targets for 2025, aiming for steady growth, employment stability, controlled inflation, and environmental sustainability. With a GDP growth target of approximately 5%, the country seeks to balance economic resilience with structural improvements.
China’s 2025 Economic Strategy Provides a Balanced Approach to Growth and Stability Read More »
On 5 March 2025, premier Li Qiang of the State Council delivered a government work report to the Third Session of the 14th National People’s Congress on behalf of the State Council. The coming year China will have a strong focus on encouraging foreign investment and will take initiatives to advance unilateral opening-up in a well-ordered way.
China’s 2025 Government Work Report: Strong Focus On Foreign Investment Read More »
