[Photo/VCG] China and Switzerland commenced negotiations to upgrade the Sino-Swiss free trade agreement (FTA) on Monday, said the Ministry of Commerce in an online statement. During his meeting with Guy Parmelin, Swiss federal councilor and head of the Swiss Federal Department of Economic Affairs, Education and Research via a livestream, Chinese Minister of Commerce Wang…
A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] China’s financial regulators have formulated tailored resolution plans for regions with high-risk financial institutions, and are implementing these measures in a prudent manner, said Li Yunze, head of the National Financial Regulatory Administration, on Tuesday. At the same time, regulators…
A view of the venue for the 20th China-ASEAN Expo in Nanning, South China’s Guangxi Zhuang autonomous region. PENG HUAN/FOR CHINA DAILY NANNING – Participants at the 21st China-ASEAN Expo, which kicked off on Tuesday in Nanning, South China’s Guangxi Zhuang autonomous region, emphasized the importance of deepening economic and trade cooperation between the two…
Potential homebuyers look at property models in Huaian, Jiangsu province. [Photo by Chen Liang/For China Daily] The People’s Bank of China, the country’s central bank, will encourage commercial banks to lower existing mortgage interest rates, bringing them to a level close to newly issued mortgages, said PBOC Governor Pan Gongsheng. This is expected to result…
An investor checks stock prices at a brokerage in Shenyang, capital of Liaoning province. [Photo provided to China Daily] The People’s Bank of China, the country’s central bank, announced on Tuesday to create new monetary tools to bolster the stock market. Pan Gongsheng, governor of the PBOC, said the central bank will establish a swap…
Chinese autonomous driving startup TuSimple Holdings Inc is accelerating steps to make forays into the fast-growing artificial intelligence-generated content, or AIGC, segment, as the company aims to promote the commercial application of its generative AI technology in the animation and video game industry. The company recently inked a partnership with Shanghai Three Body Animation Co…
Lufthansa passenger jets at Frankfurt Airport, July 17, 2023. [Photo/VCG] The German carrier Lufthansa has said the airline is looking to further expand capacity to China, after restoring capacity to Shanghai to pre-COVID levels. “For Lufthansa, China is one of the most important markets in the world outside Europe. We are pretty happy that we…
A veterinarian conducts an ultrasound scan on a cat at a pet hospital in Chongqing in December. [Photo/China Daily] As China’s pet care market experiences rapid growth, the focus on preventive veterinary medicine and empowering talent is becoming critical in the sector’s development, said industry experts. Xin Shengpeng, standing executive vice-president and secretary-general of the…
Fifteen projects by Fudan University in the fields of photovoltaic energy, biomedicine, new materials and artificial intelligence are showcased at the ongoing 24th China International Industry Fair held in Shanghai. [Photo provided to chinadaily.com.cn] Fifteen projects by Shanghai Fudan University in the fields of photovoltaic energy, biomedicine, new materials and artificial intelligence are showcased at…
The rice processing digital workshop and intelligent cloud control production line of Fuxing Rice started operation in Harbin, Heilongjiang province, very recently. In the intelligent digital workshop, a continuous stream of entrepreneurs came to visit, witnessing the new transformation of controllable deep processing of rice. To achieve controllable and adjustable rice processing standards, Fuxing Rice…