A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – China’s central bank on Tuesday conducted a 300-billion-yuan ($41.83 billion) medium-term lending facility (MLF) operation to maintain ample liquidity in the country’s banking system. The MLF operation features a one-year maturity period and an interest rate of 2 percent,…
Rani Jarkas, chairman of Cedrus Group. Swiss biotechnology companies are stepping up expansion and investments in China, eyeing its huge market potential and improved policies to accommodate foreign capital, said executives and industry mavens. Bettina Ernst, a board member of Switzerland-based Versameb, said the pharmaceutical company is enthusiastic about collaboration opportunities in China, aimed at…
A Yingge dance team performs during an event to celebrate Spring Festival in Shantou, Guangdong province, on Feb 2. YAO JUN/XINHUA BEIJING — While insufficient domestic demand remains a challenge, China has seen its consumption sector, a key driver of economic growth, unleash more vitality in recent months, with hustle and bustle in the market…
People observe a model of the manned submersible vessel Shenhai Yihao (DeepSea No 1) at the China Marine Economy Expo in Shenzhen, South China’s Guangdong province. [Photo/Xinhua] BEIJING – China’s marine economy achieved a significant milestone in 2024, with its gross ocean product (GOP) exceeding 10 trillion yuan ($1.4 trillion) for the first time, according…
The Lenovo logo is seen in this illustration photo. [Photo/Agencies] Lenovo Group Ltd, the world’s largest personal computer maker, has reported a strong financial performance for the last quarter of 2024. The Beijing-based company said revenue in the quarter, which ended on Dec 31, grew 20 percent year-on-year to $18.8 billion, marking the third consecutive…
Customers shop at a Xiaomi store in Chengdu, Sichuan province. [Photo/Xinhua] The expanded pro-consumption policy, which comprises measures such as subsidies for digital products and home appliances, is driving significant sales growth and deeper market engagement for international brands doing business in China, which is benefiting both retailers and consumers, market insiders and experts said.…
Private companies will be further encouraged to invest in energy development, utilization and infrastructure construction as the country’s energy sector shifts toward greater market-driven dynamics, according to China’s top energy authority. The government plans to enhance private sector involvement in major energy projects this year, including nuclear power, energy storage and smart grids, to promote…
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In November 2024, EU agri-food exports reached €20.1 billion, remaining stable compared to the same month in 2023. Cumulative exports between January and November 2024… Read More »EU agri-food trade eases in November 2024 after October peak
Foie gras products are displayed at a facility in Huoqiu county, Anhui province. [Photo/Xinhua] Within the bustling kitchen of a top-tier Japanese eatery in Shanghai, entrepreneur Zhu Renjun unraveled a frost-kissed foam box. Inside, the foie gras glistened with a luscious creamy sheen, prompting a sigh of relief from the head chef — it’s the…