Ant International, the overseas arm of Chinese mainland financial technology giant Ant Group, said on Thursday that it will apply for the issuer license of fiat-referenced stablecoins in Hong Kong when the city’s Stablecoins Ordinance comes into effect on Aug 1. “Ant International is accelerating investments and expanding banking partnerships in global treasury innovations, to…
TIANJIN — Chinese seaport cities saw the added value of their port economy hit 6.7 trillion yuan (about $933 billion) in 2024, up 360.6 billion yuan over the previous year, according to a report released by an institute under the Ministry of Transport on Thursday. The report, compiled by the planning and research institute under…
NOK-Freudenberg (China) Technology Center in Wuxi. [Photo provided to chinadaily.com.cn] German multinational Freudenberg Group is strengthening its commitment to the Chinese market through increased investment in local research, development and manufacturing capabilities. NOK-Freudenberg, a joint venture between Freudenberg and Japanese manufacturer NOK, opened its China Technology Center and new factory in Wuxi, Jiangsu province, late…
China’s financing activity maintained steady momentum in May, signaling improved market confidence, official data showed on Friday. The country’s aggregate social financing — the total amount of financing to the real economy — stood at 18.63 trillion yuan ($2.59 trillion) in the first five months of the year, up by 3.83 trillion yuan from the…
Visitors check out Alibaba Cloud services during a high-tech conference in Hangzhou, Zhejiang province, in September. LONG WEI/FOR CHINA DAILY China will expedite pilot programs to further open up its services sector in key areas such as cloud computing, biotechnology and wholly foreign-owned hospitals, as part of broader efforts to create a more favorable environment…
A robot operates equipment on the assembly line of an automaker in Xi’an, Shaanxi province. YUAN JINGZHI/FOR CHINA DAILY BEIJING — China’s Ministry of Industry and Information Technology (MIIT) on Thursday voiced support for a commitment made by multiple carmakers to cap the term of payment for their suppliers at 60 days, saying that the…
A visitor (L) looks at a humanoid robot from UBTECH at the Beijng World of Robots in Beijing, capital of China, Feb 24, 2025. [Photo/Xinhua] BEIJING — China’s capital is set to launch the world’s first “4S store” dedicated to embodied artificial intelligence (AI) robots, marking the latest push to commercialize advanced robotics in the…
An exhibitor arranges coffee products on show during a China-Africa trade expo in Changsha, Hunan province. ZHANG WEI/CHINA DAILY More African agricultural products such as Ethiopian coffee beans and Tanzanian cashew nuts have appeared on the dining tables of Chinese consumers, fueled by China’s preferential tariff policies and an increasing appetite for different specialties. Benefiting from…
Air Astana, the national carrier of Kazakhstan, recently opened new direct routes from Almaty, the country’s capital, to major Chinese cities. The route from Guangzhou, capital of Guangdong province, to Almaty was opened earlier this year, becoming the airline’s fourth direct flight to the Chinese mainland, preceded by flights to Urumqi, Xinjiang Uygur autonomous region;…
China will make greater efforts to anchor real estate market expectations and help the market to bottom out and recover, the State Council, the nation’s Cabinet, said on Friday. Chinese authorities have pledged to conduct a comprehensive survey of available land and ongoing real estate projects nationwide, according to a State Council executive meeting chaired…