AI-powered trade, innovation deepen China-ASEAN ties
As China and ASEAN continue to deepen their trade ties, the rapid evolution of AI has opened new applications, further boosting economic engagement and reshaping industries across the region.
Macro
Beijing airports hit record high in tax refunds for overseas travelers
In the first four months of this year, the customs of two major airports in Beijing processed departure tax refund applications for overseas travelers totaling approximately 369 million yuan (about 51.36 million U.S. dollars), up 79.41 percent year on year, setting a new record high for the same period in history, according to Beijing Customs.
In-depth
Economic Watch: China's manufacturing activity continues to improve as market sentiment strengthens
China's manufacturing activity continued to show signs of improvement in May as production accelerated and market expectations strengthened.
moreEconomic Watch: China's inland municipality emerges as global logistics nexus
The inland municipality of Chongqing, where mountains and hills account for 90 percent of its terrain, has been transforming into a pivotal logistics nexus, linking the world via multiple trade arteries.
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Financials
Shanghai bourse to launch new index to enrich investor options
The Shanghai Stock Exchange said Friday that it would officially launch the SSE 580 Index in collaboration with China Securities Index Co., Ltd. on June 16.
China's external portfolio investment assets top 1.42 tln USD at end of 2024
China's external portfolio investment assets, excluding reserve assets, had climbed to 1.42 trillion U.S. dollars by the end of 2024.
