Nikkei Asia

Beijing is prioritizing the sector as a major growth engine.

Government efforts to build up the industry have prompted Chinese carmakers to enter the market.

The “humanization” of pets is fueling world-leading growth, driven by the rising appeal of pet companionship in the post-pandemic era.

Hospitals and businesses are jumping in as demand surges.

Taiwan and South Korea also aim to become more welcoming to foreign investors.

A 30% duty applies to packages valued at USD 800 or less—or a flat rate of USD 25 per item, whichever is higher.

Sales rose 4% in early 2025, as an eight-point blueprint seeks to raise the minimum wage and bolster stocks.

Three state-linked institutions will commit USD 27 billion over five years, the minister said.