Several Chinese government departments on Monday unveiled a guideline outlining 20 measures across six areas to accelerate the establishment of a sci-tech insurance system aligned with technological innovation, in a bid to bolster high-level self-reliance and strength in science and technology.
Thirty-two years ago, in 1994, the first Foreign Trade Law of the People's Republic of China came into effect. At the time, China had only established the framework of a socialist market economy, and foreign trade was largely centered on the import and export of goods. In 2004, the law was comprehensively revised following China's accession to the World Trade Organization (WTO) in 2001, shifting its focus toward fulfilling multilateral commitments, regulating trade order, and expanding opening-up.
The Chinese economy has demonstrated remarkable resilience, said an official at the International Monetary Fund (IMF).
China has made substantial progress in strengthening financial support for technological self-reliance, launching a national venture capital guidance fund with an estimated total scale of 1 trillion yuan (about 144.45 billion U.S. dollars), a senior official said on Friday.
China has rolled out sector-specific measures aimed at boosting services consumption, officials and analysts said, pointing to an ongoing structural shift in domestic demand, where spending on services is increasingly becoming a key growth driver.
German Chancellor Friedrich Merz took a special test ride in the new Mercedes-Benz S-Class on Thursday, personally experiencing the L2 Urban and Highway Navigation System, jointly developed by the German auto company and Chinese technology company Momenta.
US Trade Representative Jamieson Greer claimed in a TV interview on Wednesday local time that the Trump administration does not intend to raise tariffs on Chinese goods above current levels, while he said some countries could face up to 15 percent in new tariffs, as the Trump administration's new tariff on global goods took effect this week, according to Reuters, which also mentioned that President Donald Trump plans to travel to China in coming weeks.
On the first working day after the Spring Festival holiday in the Year of the Horse, multiple Chinese provinces held their "first meetings," setting the tone for economic development, with artificial intelligence (AI), innovation and quantum technology high on their agendas. As the opening year of China's 15th Five-Year Plan (2026-30) period, these sessions underscored a consistent focus on high-quality growth, innovation-driven productivity, industrial upgrading, and stable governance amid global uncertainties, analysts said.
Fast-moving consumer goods sales in urban China grew 1.5 percent year-on-year in 2025, said Kantar Worldpanel China, a marketing research institute, signaling steady growth in the retail sector where consumption patterns are evolving.
China’s measures to add certain Japanese entities to the watch list and export controls list, announced by China’s Ministry of Commerce (MOFCOM) on Tuesday, are aimed at curbing Japan’s attempts at “remilitarization” and nuclearization, and are fully justified, reasonable and lawful, a MOFCOM spokesperson said.
