Sean Shan Upbeat about China’s innovative digital business environment, Takeda continues to invest in the country as it ramps up efforts to turn China into a global source of innovation for biomedicine. On Monday, the company signed an investment cooperation agreement with the administrative committee of Chengdu High-tech Industrial Development Zone to establish the Takeda…
Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] BEIJING — China’s Ministry of Commerce announced Wednesday a decision to extend anti-dumping duties on ortho-dichlorobenzene (ODCB) imports from Japan and India for five years, effective Jan 23, 2025. This decision follows a sunset review initiated in January…
A shopper browses goods for Spring Festival at a store in Jiaozuo, Henan province. CHENG QUAN/FOR CHINA DAILY As the Year of the Snake approaches, sales of products with serpentine elements have witnessed explosive growth on major e-commerce platforms, which experts said showcases not only the strong resonance of traditional Chinese culture among shoppers, but…
The US Congress passed a law last year forcing ByteDance to either sell TikTok or close it by this Jan 19, 2025. [Photo/Agencies] After a brief weekend outage, TikTok was up and running again on Sunday in the United States after President-elect Donald Trump said he would issue an executive order Monday to keep the…
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] With many parts of the world facing potential tariff hikes from the new administration of the United States, a large number of Chinese manufacturers have been taking proactive steps to diversify their trade markets, focusing on expanding into emerging markets and upgrading products.…
A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] China will optimize the assessment systems of State-owned insurance companies and the national social security fund to increase their investments in the A-share market, as part of the country’s latest plan to attract more long-term capital for market stability. The office…
An aerial view of the Lin-gang Special Area of China Shanghai Pilot Free Trade Zone. [Photo provided to chinadaily.com.cn] China has further opened up the financial sector by pledging equal treatment for domestic and foreign financial institutions in terms of launching new financial services in eligible free trade zones, according to a new guideline. The…
A view of the Huangpu River in Shanghai. [Photo/VCG] Cross-border renminbi settlement realized in Shanghai hit a record high of 29.8 trillion yuan ($4.1 trillion) in 2024, People’s Bank of China Shanghai head office said on Wednesday. Shanghai accounted for 47 percent of China’s total cross-border RMB settlement last year, according to Ge Qing, director…
The Land Aircraft Carrier, the world’s first large-scale mass-produced modular flying car, debuts in Haikou, Hainan province, on Tuesday. [Photo provided to chinadaily.com.cn] Xpeng Aeroht, the flying car venture of Chinese electric carmaker Xpeng, has joined forces with Hainan province to introduce the “aerial round-the-island scenic highway”, ushering in a new era of island-wide flying…
HARBIN — Organizers of the 9th Asian Winter Games will provide safe, convenient, high-quality, and efficient financial support services for both domestic and international visitors, Zhang Haihua, deputy secretary-general of the organizing committee, announced on Wednesday. Zhang explained that the organizers have developed a “2+4+3” financial payment service guarantee system, focusing on practical needs in…