China is stepping up efforts to improve access to credit for millions of gig workers, with Ding Xiangqun, minister of the National Financial Regulatory Administration, saying the regulator will encourage financial institutions to develop dedicated inclusive financial products for new employment groups, such as truck drivers, ride-hailing drivers, food delivery staff and couriers, to support…
The People’s Bank of China said on Wednesday that it will continue to apply an appropriately accommodative monetary policy, following the latest quarterly meeting of its monetary policy committee, where the committee deliberated on the policy direction for the coming months. The country’s central bank will strengthen counter and cross-cyclical adjustments, better leverage the dual…
China has taken a major leap in artificial intelligence infrastructure with the official launch of the Dawning 8000 (Dengfeng) supercluster in Zhengzhou, Henan province, on Friday. [Photo provided to chinadaily.com.cn] China has taken a major leap in artificial intelligence infrastructure with the official launch of the Dawning 8000 (Dengfeng) supercluster in Zhengzhou, Henan province, on…
Amy Yang, general manager of Converse China, speaks at the launch of the new pop-up store on Donghu Road in Shanghai. [Photo provided to chinadaily.com.cn] China has become a central proving ground for Converse’s global repositioning strategy, with the company increasingly relying on the market not only to drive sales but also to shape product development,…
China is stepping up efforts to improve access to credit for millions of gig workers, with Ding Xiangqun, minister of the National Financial Regulatory Administration, saying the regulator will encourage financial institutions to develop dedicated inclusive financial products for new employment groups, such as truck drivers, ride-hailing drivers, food delivery staff and couriers, to support…
A drone is used to deliver food, drinking water and medical supplies to flood-stricken villages in Hengzhou, Guangxi Zhuang autonomous region. CHINA DAILY Unmanned technologies have emerged as frontline emergency response solutions in flood rescue operations after a typhoon battered the Guangxi Zhuang autonomous region, with drones restoring mobile networks, robotic boats replacing rescuers in…
Bikes are seen at a Brompton store in Shenzhen, Guangdong province, on April 25. KOBE LI/NEXPHER Brompton’s latest investment deal signals a strategic pivot toward China as the London-based folding-bike maker seeks to capitalize on surging demand for premium bicycles and urban mobility solutions in the world’s largest cycling market. The company has secured minority…
Consumers check out cosmetics at a duty-free shopping mall in Haikou, Hainan province, on June 6. SU BIKUN/FOR CHINA DAILY In the first six months since island-wide special customs operations were launched, Hainan Free Trade Port has delivered robust economic results, with duty-free sales surging, trade expanding and the FTP’s cross-border financial account system gaining…
Consumers check out cosmetics at a duty-free shopping mall in Haikou, Hainan province, on June 6. SU BIKUN/FOR CHINA DAILY In the first six months since island-wide special customs operations were launched, Hainan Free Trade Port has delivered robust economic results, with duty-free sales surging, trade expanding and the FTP’s cross-border financial account system gaining…
An industrial robot operates in a digital workshop at Dongguan Moldbao Smart Technology Co in Dongguan, South China’s Guangdong province, on July 2. LIANG XU/XINHUA GUANGZHOU — In a production hall in Huizhou, Guangdong province, rows of television sets move along an automated assembly line. At one workstation, a robotic system connects signal and interface…