BEIJING — The China Development Bank said on Tuesday that it has issued loans totaling 369.1 billion yuan ($51 billion) for infrastructure development in the first quarter of the year. Infrastructure-related lending accounted for a growing share of the bank’s total outstanding loans, which the bank noted is part of its heightened efforts to bolster…
China’s market for green electricity certificates, designed to boost renewable energy consumption, saw explosive growth in 2024, with trading volume quadrupling, as the country builds a robust system to verify and trade clean power attributes, according to a government report. The China Green Electricity Certificate Development Report (2024), released by the National Energy Administration on…
Delivery employees pass through Beijing’s central business district on Feb 20. [ZHAO WENYU/CHINA NEWS SERVICE] Competition in China’s instant retail sector is intensifying as major online players are upping the ante on lucrative on-demand food delivery services to seek new sources of revenue and bolster the digital transformation of traditional brick-and-mortar stores, experts said. They…
An aerial photo shows the container terminal in Taicang Port Area of Suzhou Port in operation, April, 20, in Suzhou, East China’s Jiangsu province. [Photo/VCG] From April 18 to July 17, Suzhou Port’s container terminals will offer a three-month free storage service for heavy containers imported and exported by foreign trade enterprises, according to the…
The nationwide “Beyond Limits” initiative is launched across the country by harnessing digitization and other cutting-edge technologies to enhance the long-term survival rates and quality of life for cancer patients. [Photo provided to chinadaily.com.cn] In line with the Healthy China 2030 initiative, the country has kicked off a nationwide Cancer Patient Rehabilitation rally, harnessing digitization…
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Bogdan Bereanda, president and CEO of Brembo China, speaks at the company’s Inspiration Lab’s unveiling ceremony on April 21, 2025. [Photo by Li Fusheng/chinadaily.com.cn] Brembo, the global leader in braking solutions, inaugurated its first Asian Inspiration Lab on Monday in Shanghai—its second worldwide following the one in the United States. The lab will focus on…
People interact with a humanoid robot at the China International Consumer Products Expo in Haikou, Hainan province, on April 13.[LUO YUNFEI/CHINA NEWS SERVICE] HAIKOU — At the China International Consumer Products Expo in Hainan province last week, crowds thronged exhibit halls packed with global brands showcasing a dazzling array of goods. From cosmetics and massage…
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SAIC Buick introduced its new energy sub-brand Electra and prototype vehicles during the launch event on Monday in Shanghai. [Photo provided to chinadaily.com.cn] SAIC-GM’s Buick marque revealed its new energy sub-brand Electra and introduced the all-new Buick Xiao Yao Super Architecture on Monday evening. “The wave of the new energy revolution has positioned China as…