BYD showcases the intelligent parking features of its models in Shenzhen, Guangdong province, on Jan 16. CHINA DAILY BEIJING – Chinese companies and experts have criticized the growing protectionism and abuse of “national security” that underscore the US government’s latest plan to rid the country’s vehicles of Chinese technology and components. The US Commerce Department…
Editor’s note: China unveiled an action plan to implement the renewal program in March 2024 in an effort to expand domestic demand and shore up the economy, and stepped up follow-up policy support in July. The program has yielded positive impacts, such as stimulating investment, unleashing consumption, fueling industrial development, improving people’s well-being and improving…
The RCEP High-Level Dialogue on Economic and Trade Cooperation was held on Monday during the 21st China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region. [Photo provided to chinadaily.com.cn] Cooperation among the Regional Comprehensive Economic Partnership countries will continue to flourish and create benefits for the people of the region, a forum in Southwest China’s Nanning…
[Photo/VCG] HANGZHOU – The third Global Digital Trade Expo opened in Hangzhou, capital of East China’s Zhejiang province, on Wednesday, showcasing the latest technological innovations and business development of the digital economy sector. Themed “Digital Trade, Global Access,” this year’s edition has attracted more than 1,500 enterprises from home and abroad, among which over 300…
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] More than 629,000 companies across China have benefited from a total of 3.45 trillion yuan ($489 billion) in R&D expense tax deductions last year, said the country’s top tax authority in a recent press conference. Huang…
The skyline of Beijing. [Photo/VCG] PARIS – Global gross domestic product (GDP) growth is projected to stabilize at 3.2 percent in both 2024 and 2025, while inflation should continue to ease, the Organisation for Economic Cooperation and Development (OECD) said on Wednesday in its latest economic outlook. Tanks to chinadaily.com.cn Please visit: Our Sponsor
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING – The National Financial Regulatory Administration announced on Tuesday the expansion of the pilot program for equity investments by financial asset management companies. According to a circular issued by the administration, the pilot program will now extend beyond…
[Photo/IC] China firmly opposed the United States’ plan to prohibit Chinese software and hardware in connected vehicles on American roads and called for the withdrawal of relevant restrictive measures, the Ministry of Commerce said on Wednesday. Over the years, the US has resorted to a series of protectionist measures against Chinese automotive products, including imposing…
A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] BEIJING – China’s central bank on Wednesday conducted a 300-billion-yuan ($42.73 billion) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the banking system. The MLF operation had a maturity of one year with an interest rate…
In an exclusive interview with China Daily, Bjoern Gulden, CEO of Adidas said the company is determined to help Shanghai become a city of sports and a city of sports innovation while emphasizing China as one of Adidas’ most important and fast-growing markets globally. Tanks to chinadaily.com.cn Please visit: Our Sponsor