China will establish a new liquidity facility for overseas central banks and official institutions, said People’s Bank of China Governor Pan Gongsheng, in what analysts describe as a proactive step toward boosting global demand for yuan assets. Pan Gongsheng Speaking at the 2026 Lujiazui Forum on Wednesday, Pan announced the establishment of the RMB Repo…
While emerging technologies are rapidly reshaping the global market landscape, China will accelerate its capital market reform to facilitate the development of new quality productive forces and the restructuring of traditional industries, which is integral to the country’s high-quality economic growth, said Wu Qing, chairman of China Securities Regulatory Commission. Wu made the comments on…
On June 16, David Blair, vice-president of the Center for China and Globalization, stated at the “CEO: Grow with China” roundtable held in Xi’an that China’s development has expanded from a few big cities to prosperous Xi’an and the whole western region, where villagers live well and earn extra income via small businesses. He stressed…
As the 2026 FIFA World Cup brings together more nations, more matches and more excitement, a competition has intensified off the pitch among China’s leading artificial intelligence models, which are being put to the test in predicting the results of one of the world’s biggest sporting events. The 23rd edition of the World Cup, featuring…
An aerial drone photo taken on Nov 21 shows Yangpu International Container Port in Yangpu Economic Development Zone, Hainan province. PU XIAOXU/XINHUA Six months after the launch of island-wide special customs operations, the Hainan Free Trade Port is running smoothly, with international trade and investor interest rising sharply, Feng Fei, Party secretary of Hainan province,…
Walmart China, parent company of Sam’s Club China, said it will tighten controls after the country’s top regulator summoned Walmart unit over food safety issues. The retailer said it “fully acknowledges, deeply reflects upon, and sincerely accepts” the concerns raised by regulators, while apologizing to members for any inconvenience. The company added that it has…
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In 2025, extra-EU exports of final services reached a record level of +61 percentage points (pp) above 2017 levels, up from +55 pp in 2024. Final services reflect a broad mix of activities, with travel-related services among the leading contributors, alongside ICT, media, computer, business and financial services. The severe disruption to international travel during…