China issues new guideline to strengthen price governance mechanism | News from Xinhua

04 03, 2025

China has unveiled a guideline to further deepen price reform and improve the price governance mechanism.The guideline was issued by the General Office of the Communist Party of China Central Committee and the General Office of the State Council.It aims to improve the market price formation mechanism to promote efficient resource allocation, the price guidance mechanism for key areas' development and security, the price regulation mechanism to maintain reasonable price levels, and the transparent and predictable market price supervision mechanism.China will enhance the market price formation mechanism by deepening market-oriented price reform, accelerating the market construction of key areas and creating a competitive and orderly market environment.Price guidance will target five critical areas: agricultural products to ensure food security, energy pricing to support green transition, public utilities for sustainable development, public services for equitable access, and innovative pricing approaches for safe and efficient public data utilization.Control over the overall price level will be strengthened through better synergy between price policies and fiscal, monetary, industrial, and employment policies. Additionally, efforts will be made to strengthen the price stability of important commodities.The guideline will further optimize the market price supervision mechanism, create a transparent and predictable regulatory environment for business entities, and protect the legitimate rights and interests of consumers.Notice: the content above is transformed from Xinhuanet, just for information sharing.We respect your intellectual property right and your other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.

Longgang District of Shenzhen was ranked as the nation’s 10th worthiest district for venture and investment

04 02, 2025

2025 ZGC Forum Annual Conference took place from March 27 to March 31. It’s introduced that the 5-day conference was hosted by Ministry of Science and Technology of PRC, National Development and Reform Commission, State-owned Assets Supervision and Administration Commission of the State Council, Chinese Academy of Sciences, Chinese Academy of Engineering, China Association of Science and Technology, and the People’s Government of Beijing Municipality. It was centered on the theme -- “New Quality Productive Forces and Global Science and Technology Cooperation”. During the five-day term, over 100 events and activities were held, attracting over 1,000 scholars and professionals all over the world to have communication and make their suggestions on the innovative development of global science and technology.As a component of 2025 ZGC Forum Annual Conference, “AI Future Seminar: Innovation, Investment and Globalization” was held in Beijing on March 31.At the seminar, “CVINFO List of China’s Worthiest Towns and Districts for Venture and Investment ” was released. The List was based on the business and investment environment and the development of the nation’s country-level regions and independent economic zones, whose GDP exceeds 100 billion yuan.On the List, 4 districts in Guangdong Province are placed among the top 10. In detail, Nanshan District of Shenzhen Municipality was ranked in the 3rd place, Bao’an District of Shenzhen Municipality in the 4th place, Tianhe District of Guangzhou Municipality in the 8th place, and Longgang District of Shenzhen Municipality in the 10th place.

The 21st ICIF is on the way!!!

03 28, 2025

Organizing Committee of China (Shenzhen) International Cultural Industry Fair (ICIF) announced on March 24 that the 21st ICIF is scheduled to take place at Shenzhen World Exhibition&Convention Center from May 22 to May 26.There would be 8 off-line exhibition halls, with the exhibition area totaling about 160,000 square meters.It is introduced that the ICIF of this year would still be comprised of specialized exhibitions and comprehensive exhibitions. Specifically, the comprehensive exhibitions mainly could be divided into comprehensive exhibitions of cultural industry and GBA (Guangdong-Hong Kong-Macao Greater Bay Area) exhibitions of innovative cultural industry. The specialized exhibitions would cover various fields as “international cultural trade” “cultural consumption & integrated culture and tourism” “art design & fashionable life & cultural science and finance” “film and television & copyright & games and electronic sports” “intangible cultural heritage and craft art”.Specially on the online platforms of the 21st ICIF, the cultural products and items would be displayed category by category in accordance with the off-line exhibition sections and exhibition halls they belong to, so as to promote the online trade and make ICIF an everlasting digital and intelligent one.Notice: some information is sourced from the publicly-open news on the official website of ICIF.We respect your intellectual property right and your other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.

Inauguration Ceremony of New Quality Productive Force Development Branch of CVMA held in Shenzhen

03 24, 2025

Recently, the Inauguration Ceremony of New Quality Productive Force Development Branch of Chinese Veterinary Medicine Association (CVMA) was held in Shenzhen.Over 70 attendees from the institutions like Shenzhen Administration for Market Regulation, Chinese Veterinary Medicine Association (CVMA), Shenzhen Municipal Agricultural Products Testing Center, witnessed the event.Shenzhen has attached great importance to the development of pet industry, while contributing various efforts to the industrial arrangement. Nowadays, Shenzhen’s pet economy shares a steady and promising development tendency. Last year, Shenzhen’s pet industry hit a volume of about 10 billion yuan, with about 88,000 pet enterprises and relative businesses serving over 1 million pets in the city. It could be said that Shenzhen has been a base of great significance for the development of pet industry, emphasized in the speech by Hong Juan -- an authority from Shenzhen Administration for Market Regulation.Xin Shengpeng , executive vice president of CVMA, gave his speech at the ceremony. Xin expressed that Shenzhen could offer an extraordinary research and experiment ground for innovating new quality productive forces in veterinary medicine sector. He hoped that the New Quality Productive Force Development Branch of CVMA could fully play the role as a bridge, contributing to the accelerated application and commercialization of relevant sci-tech achievements, and to the industrial problem-solving. It is wished that the Branch could start its journey from Shenzhen and spread its influence to the whole nation, assisting animal husbandry in developing the new quality productive forces available.The foundation of New Quality Productive Force Development Branch of CVMA could not be without the support from Shenzhen Administration for Market Regulation and CVMA, signifying the solid progress that the nation’s veterinary industry made in developing new quality productive forces. The Branch would promote the prosperity of pet industry in Shenzhen and other parts of the nation, while facilitating the high-quality transformation and upgrading.Notice: some information is sourced from the official website of CVMA.Here, we respect your intellectual property right and your other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.

China’s economic data of the first two months

03 20, 2025

National Bureau of Statistics of PRC, on March 17, made an announcement on the economic development achieved during the first two months of the year. According to the data released, the economy developed steadily along an innovative and promising pathway, with the rather faster growth of the industrial service sector, the ongoing improvement in the consumption and investment capacities, the overall employment stability and the burgeoning of new quality productive force.The industrial manufacturing sector grew faster, witnessing the accelerated growth of equipment manufacturing industry and hi-tech manufacturing industry. During this January and February, the added value of the nation’s above-designated-size industrial enterprises (each of whom produces a yearly main business income of 20 million yuan or more) increased year on year by 5.9%, at a growth rate increased by 0.1% yearly. In detail, the added value of equipment manufacturing industry grew year on year by 10.6%, at a rate up 2.9% annually, while the added value of hi-tech manufacturing industry rose by 9.1%, at an annually-0.2%-increased rate.The service sector shared promising momentum, with modern service industry surging faster. During the first two months of this year, the nation’s index of service production surged year on year by 5.6%, up 0.4% as compared with the growth rate of last year.Market sales accelerated to rise, while trade-in merchandise and the related had more satisfactory sales. During January and February of this year, total retail sales of consumer goods went up 40% as compared with last year, to 8373.1 billion yuan, achieving an increase of 0.5% in the growth rate. The trade-in policies had an ongoing influence, resulting in a 26.2% increase in the retail sales of communication device, 21.8% increase in the retail sales of cultural and office supplies, 11.7% increase in the retail sales of home furnishings and 10.9% increase in the retail sales of audio and visual products. During the same period, the nation’s online retail sales went up 7.3% as compared with last year, to 2276.3 billion yuan.

Shenzhen Forum on the Development of Low-altitude Economic Industry 2025 took place

03 11, 2025

Recently, Shenzhen Forum on the Development of Low-altitude Economic Industry 2025 took place, during which specialists in the low-altitude-economy circle and law circle had their deliberation on the industrial research, standardized development, the standard-setting and many other topics regarding low-altitude economic industry.The forum was hosted by China Commercial Law Firm, Shenzhen UAV Industry Association, Shenzhen Low-altitude Economic Industry Association, Shenzhen Aviation Industry Association, Bao’an District Low-altitude and Unmanned System Association of Shenzhen and Shenzhen Internet of Things Industry Association. It was co-hosted by Hetao International Mediation Center. The forum aimed at pooling powers from various fields and conducting discussions on the new paths and new chances faced by low-altitude economic industry, to promote the high-quality development of the industry. It attracted over 100 attendees nationwide.During the event, China Commercial Institute on Low-altitude Economic Law was founded, signifying a significant step in laying a legal foundation for the development of low-altitude economic industry. Meanwhile, China Commercial Institute on Low-altitude Economic Industry was also established, to provide professional legal services for the industry. In 2024, the low-altitude economic industry of Shenzhen boasted a volume of over 100 billion yuan. Due to the policy improvement and technological breakthroughs, Shenzhen’s low-altitude economic industry shares great potential. And, the increasing diversification of the application scenarios and the burgeoning expansion of the industrial volume result in more legal demands. The industry is more closely connected with laws, as identified in the legitimate use of airspace, the assumption of liabilities to aircraft safety, the prevention of legal risks in cross-border investment and trade, the protection of intellectual property rights, etc.At the forum, Yang Yang -- secretary-general of Shenzhen ITS Association and vice-chairman of Shenzhen UVA Industry Association expressed that Shenzhen boasts over 2,000 enterprises involved in low-altitude economy industry and the related, contributing to one third of the nation’s volume of drone patent application. The orientation of UAV industry has transformed from high-speed development to high-quality development. There are increasing demands for making cutting-edge technological breakthroughs and innovation, in applying 5G internet to aircraft, utilizing artificial intelligence technologies to low-altitude logistic scheduling, etc.Also at the forum was a ceremony held for the releasing of White Paper on Low-altitude Economic (Cross-border) Industry. With the conclusion on the current situation of, the challenges for and the prospects of low-altitude economic industry, especially those related to cross-border investment and trade, and through the analysis of international market and relative laws and regulations, the White Paper is oriented towards an authorized collection of references for participants in low-altitude economic industry, helping prevent enterprises from legal risks in cross-border investment and trade, promoting the formation of scientific and reasonable internationalization strategies, so as to fuel the industry’s globally standardized development and enhance its international influence.Besides, professionals in intelligent transportation system, UVA industry, foreign trade sector, legal services, and many other circles alike, were also invited to attend the round-tables and share their opinions on the legitimate development of low-altitude economic industry.Notice:Some information above is sourced from SZNEWS, Duchuang.Here, we respect your intellectual property right and your other lawful rights. As any content violates any of your lawful rights, please contact us, and we will delete related content.

News from Xinhua | China's foreign trade records steady performances in first two months

03 07, 2025

China's foreign trade recorded steady performances in the first two months of 2025, with total goods trade volume reaching 6.54 trillion yuan (about 912.07 billion U.S. dollars), data from the General Administration of Customs showed on Friday.This represents a moderate decrease of 1.2 percent from a year earlier, the data showed. After excluding the impact of incomparable factors, China's total goods imports and exports grew by 1.7 percent year on year.Exports rose 3.4 percent from the same period last year to reach 3.88 trillion yuan, while imports went down 7.3 percent year on year, according to the data. Notice: the content above is transferred from Xinhua, just for information sharing.We respect your intellectual property right and your other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.

Shenzhen releases various policies for the sci-tech innovation and professionals’ development

02 26, 2025

According to the news conference held by the News Office of The People’s Government of Shenzhen Municipality, Shenzhen releases a series of policies, to optimize the ecology and conditions of scientific innovation and professionals’ development, so as to promote over-10% growth of the society’s investment in research and development and further advocate enterprises’ leading role in sci-tech innovation.Shenzhen is about to set up 10-billion-yuan-worth industry fund, to support artificial intelligence industry and robot industry, especially to facilitate the development of AI software, AI hardware, embodied intelligence, etc. In 2025, Shenzhen would strive to collect 4.5-billion-yuan worth of funds, for releasing coupons to cut enterprises’ spending in using intelligent computing, models and corpora, subsidizing the scenario application, supporting the sci-tech research, and the like. An enterprise could obtain a subsidy/subsidies of no more than 60% of its cost in using intelligent computing and no more than 10 million yuan totally. The application is scheduled to commence from March.Shenzhen, for the past consecutive 12 years, has implemented 7-day free housing policy to offer every fresh graduate who is seeking employment in Shenzhen free accommodation for 7 days. The term of the free accommodation would be prolonged to 15 days soon. Meanwhile, Shenzhen would put forward more-targeted indemnificatory housing policies to offer a larger quantity of housing for professionals of different fields, so as to help them settle down in Shenzhen and achieve further development.Shenzhen would also make more efforts to introduce private capital to the major projects. In 2024, it attracted 126-billion-yuan-worth investment from the private sector for 23 major projects. In 2025, it plans to pool over 200 billion yuan of private capital for the projects covering the significant sectors, like energy, transportation, water conservancy.During the recent years, Shenzhen vigorously promotes the integration of innovation chain, industry chain, capital chain and professional chain, while propelling the uniform reform in the educational, scientific and human resource mechanisms, in order to be absolutely innovative, expressed by Zhang Lin -- director of Sci-tech Innovation Bureau of Shenzhen Municipality.Reference: xinhuanetNotice: we respect your intellectual property right and your other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.

News from Xinhua | Xi urges healthy, high-quality development of private sector

02 21, 2025

BEIJING, Feb. 17 (Xinhua) -- Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Monday urged efforts to promote the healthy and high-quality development of the country's private sector.Xi, also Chinese president and chairman of the Central Military Commission, made the remarks when attending a symposium on private enterprises, where he delivered an important speech after listening to representatives of private entrepreneurs.The private sector enjoys broad prospects and great potential on the new journey in the new era. It is a prime time for private enterprises and entrepreneurs to give full play to their capabilities, Xi said.He urged reaching a consensus and firming up confidence to promote the healthy and high-quality development of the private sector.Li Qiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chinese premier, and Ding Xuexiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chinese vice premier, also attended the symposium.Wang Huning, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference, presided over the symposium.Huawei's Ren Zhengfei, BYD's Wang Chuanfu, New Hope's Liu Yonghao, Will Semiconductor's Yu Renrong, Unitree Robotics' Wang Xingxing, and Xiaomi's Lei Jun put forward their opinions and advice on the development of the private sector.Xi said the Party and the country are committed to unswervingly consolidating and developing the public sector and unswervingly encouraging, supporting and guiding the development of the non-public sector.The Party and the country ensure that economic entities under all forms of ownership have equal access to factors of production in accordance with the law, compete in the market on an equal footing, and are protected by the law as equals, he said.The new journey in the new era has provided abundant new opportunities and greater space for the development of the private sector, Xi said. He stressed that the current difficulties and challenges facing the private sector can be overcome and called for confidence in the future.Xi urged resolutely dismantling obstacles that prevent enterprises from accessing production factors equally and competing in the market fairly, further opening the competitive areas of infrastructure to various business entities in a fair manner, and continuously making solid efforts to address the difficulties faced by private enterprises in obtaining affordable financing.He also stressed the effective protection of the lawful rights and interests of private enterprises and entrepreneurs in accordance with the law.Private enterprises and entrepreneurs should embrace entrepreneurship and patriotism, focus on strengthening, optimizing, and expanding their businesses, and be firm contributors to building socialism with Chinese characteristics and advancing Chinese modernization, Xi said. Notice: the passage above is from xinhuanet.We respect your intellectual property right and your other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.