China’s green power trading volume surged nearly 50 percent year-on-year in the first five months of 2025, exceeding 220 billion kilowatt-hours, the China Electricity Council (CEC) said on Wednesday. Nationwide market-based power trading volume increased from 1.1 trillion kilowatt-hours in 2016 to 6.2 trillion kilowatt-hours in 2024, accounting for 63 percent of total electricity consumption,…
A delivery vehicle of JoyExpress is seen in Saudi Arabia. [Photo provided to chinadaily.com.cn] China’s JD.com launched on Wednesday JoyExpress in Saudi Arabia, marking the first time the e-commerce giant’s logistics arm has operated its own consumer-focused express delivery service abroad. Known for its self-built warehousing and delivery network in China, JD Logistics operates over…
With Chinese exports of environment-friendly products to Europe booming and European firms scaling up investments in clean energy and smart manufacturing across the nation, green cooperation between China and the European Union is expected to thrive, said business leaders and observers. They said such cooperation is increasingly driven by shared climate goals and complementary strengths,…
During the 2025 Lujiazui Forum which was launched in Shanghai on June 18, Pan Gongsheng, governor of the People’s Bank of China, announced eight measures to further open up China’s financial market. He noted that China will set up an international operations center for the digital yuan to advance the international use of the digital…
Chinese e-commerce giant JD announced on Wednesday that it will enter the hotel and tourism industry through providing supply chain services for hotels to help them lower operational costs and promote the healthy and sustained development of hotel sector. The company said in an open letter to hotel operators that the merchants participating in JD’s…
China’s economy is moving in a positive direction and presents strong opportunities for bilateral collaboration between China and the United Kingdom, according to Christopher Hayward, chairman of the policy and resources committee of the City of London Corporation. “The way in which (the economy of) China is moving at the moment is in a positive…
China’s top 100 retail chains booked a combined 2.13 trillion yuan ($294 billion) in sales in 2024, up 4.9 percent from the previous year, as the consumer market showed signs of recovery led by discount snacks, membership warehouse formats, and specialty retailing, according to an industry survey. The total number of stores expanded 13.5 percent…
[Photo provided to chinadaily.com.cn] The National Bank of Uzbekistan (NBU), founded in 1991, has a leading position in the banking system of the Republic of Uzbekistan and is an active participant in the country’s ongoing reforms. Since gaining independence, the NBU has served as a supporting institution of the government in transforming the national economy,…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] China’s fiscal revenue decline narrowed in the first five months, with tax revenue continuing to recover steadily and certain industries maintaining solid tax contributions, according to the latest official data released by the Ministry of Finance on Friday. China’s…
As a global pioneer in commercializing 5G-advanced, or 5G-A, technology which plays a key role in bridging 5G to 6G, China has already deployed such networks in over 300 cities, according to the Ministry of Industry and Information Technology. The progress showcases China’s first-mover advantage in defining the next-generation network, which is of crucial importance…