Sparks flow in all direction as a man works in a workshop of New Dayang, a shipbuilding company, in Yangzhou, East China’s Jiangsu province, on Oct 21, 2024. [Photo/VCG] Shipbuilding completion hit a 10-year high in Yangzhou, East China’s Jiangsu province, reported JSTV.com on Oct 18. New Dayang Shipbuilding Co Ltd, a shipbuilding company in…
A wide range of high-tech and high value-added products displayed at the first phase of the 136th China Import and Export Fair, also known as the Canton Fair, proved increasingly popular among overseas buyers, the event’s organizers said on Monday. The event’s first phase, which focused on China’s advanced manufacturing, concluded on Saturday in Guangzhou,…
A view of Beijing’s CBD area on Aug 19, 2022. [Photo/VCG] China’s stronger-than-expected 4.6-percent economic expansion in the third quarter has bolstered the confidence in the world’s second-largest economy of achieving its full-year growth target, with growth momentum to further accelerate in the rest of the year, officials and analysts said. Large-scale government bond issuances…
The skyline of Beijing. [Photo/VCG] BEIJING – The gross domestic product (GDP) of Beijing increased 5.1 percent year-on-year in the first three quarters of 2024, the city’s statistics authorities said Monday. The Chinese capital’s GDP reached 3.3 trillion yuan ($465 billion) from January to September, according to the municipal bureau of statistics. Key industries in…
Customs officials verify documentation of a container ship in Ningbo, Zhejiang province. YAO FENG/FOR CHINA DAILY China will modernize its border ports, focusing on strengthening connectivity with neighboring countries to boost foreign trade and foster new business activities, a senior Customs official said on Monday. Zhang Baofeng, director of the National Office of Port Administration…
Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing. [Photo/IC] BEIJING – The People’s Bank of China (PBOC) has conducted the first operation of the Securities, Funds and Insurance companies Swap Facility (SFISF), aiming to leverage the role of financial institutions better in stabilizing China’s capital market, according to…
Reports assessing the investment environment of the newly added BRICS members have been released for the first time, ahead of the gathering of leaders in Kazan, Russia, for the 16th BRICS Summit, the first summit after the expansion of the grouping in January. The assessments on the countries were jointly released on Monday by Dagong…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING – The Swift International Banker’s Operation Seminar 2024 (Sibos 2024) opened Monday in Beijing, a milestone demonstrating the country’s openness in the finance sector as it is the first time the Chinese capital has hosted the event. Over…
A view of an exhibition held during Sibos 2024 in Beijing on Monday. CHENG GONG/FOR CHINA DAILY China’s monetary policymakers are likely to continue next year to prioritize revitalizing market expectations for the ailing property sector and an undervalued capital market to help bring about a steady economic recovery, economists and market mavens said. Such…
Employees work on a BMW assembly line in Shenyang, Liaoning province. CHINA DAILY SHENYANG – German carmaker BMW Group’s joint venture in China on Monday kicked off a geothermal energy project aimed at realizing 100 percent non-fossil energy heating for its factories in Shenyang, capital of Northeast China’s Liaoning province. Under the project, BMW Brilliance…