Tencent Holdings said it investigated and punished over 70 cases of internal misconduct in 2025, dismissing more than 90 employees for breaching internal rules, as China’s internet giants intensify efforts to curb corruption in their ranks. The cases of more than 20 employees were transferred to public security authorities as criminal offences were suspected, while…
BEIJING – The People’s Bank of China announced on Thursday that it will conduct a 900-billion-yuan ($128.54 billion), one-year medium-term lending facility (MLF) operation on Friday, aiming to maintain ample liquidity in the country’s banking system. The central bank said the MLF operation will be carried out via a fixed-quantity, interest-rate-bidding and multiple-price-bidding method. The…
QCraft’s booth is seen at the 2025 IAA in Munich, Germany. [Photo provided to chinadaily.com.cn] QCraft’s city NOA system, based on a single Horizon Journey 6M chip, has entered production, debuting on Li Auto’s AD Pro-equipped L Series vehicles, said the Chinese autonomous driving solution provider on Wednesday. The move marks the first commercial deployment…
A man looks closely at a robotic product in Shenzhen, on Jan 22, 2026. [Photo/Xinhua] China is accelerating a shift toward a new growth model anchored in tech-driven domestic consumption as geopolitical tensions and technological disruption reshape the global economic landscape, officials, business leaders and economists have said. They made the remarks on Wednesday at…
The first shipment of high-grade iron ore from the world-class Simandou deposit in Guinea arrived at Rizhao Port in East China’s Shandong province on Wednesday, marking a transformative milestone for the global steel industry’s transition toward low-carbon production. The shipment was delivered by SimFer, a joint venture between the government of the Republic of Guinea,…
BEIJING – The People’s Bank of China (PBOC) will continue to implement a moderately loose monetary policy in 2026, and will utilize tools such as reserve requirement ratio (RRR) cuts and interest rate reductions to ensure liquidity remains sufficient, according to central bank governor Pan Gongsheng. Monetary policy will focus on promoting stable economic growth…
In 2024, the EU economy’s greenhouse gas emissions by economic activities and households totalled 3.3 billion tonnes of CO2 equivalents. This represents a 1% decrease compared with 2023 and a 20% reduction compared with 2013. Between 2013 and 2024, the energy sector (supply of electricity, gas, steam and air conditioning) achieved the sharpest rate of…
URUMQI — China’s largest land port for automobile exports, the Horgos Port in Northwest Xinjiang Uygur autonomous region, saw vehicle exports reach a record high in 2025. According to statistics released by the Horgos Customs on Wednesday, 450,000 vehicles were exported via the port last year, marking a year-on-year increase of 6.9 percent. Currently, an…
311,000 passenger trips, 7.5 billion yuan ($1.08 billion), 5,132 new foreign trade enterprises. These figures capture the remarkable progress made by Hainan FTP since Dec 18. One-month on from the implementation of the pioneering island-wide, special customs policy, follow China Daily’s lens to discover the new stories unfolding across Hainan. Tanks to chinadaily.com.cn Please visit:…
As the Chinese New Year approaches, Auckland Airport is working with airline partners to add capacity between China and New Zealand, signaling growing confidence in sustained demand for air travel between the two countries. Air China is adding extra services over the Chinese New Year period, while China Southern Airlines has expanded flights this New…