Deliverymen pick up food packages at a restaurant in Hangzhou, Zhejiang province. CHINA DAILY China’s services activity expanded at a faster pace in May, according to the latest RatingDog China General Services Purchasing Managers’ Index, which points to robust growth in new business and a rebound in overseas demand, despite uncertainties from geopolitical tensions in…
Tangshan, Hebei province-based Donggang station of Datong-Qinhuangdao Train Operations Section had unloaded 36 million metric tons of coal and 3.35 million tons of iron ore as of May 28. The State-owned station is a key hub for receiving iron ore imports and delivering coal to users. WANG ZHAO/FOR CHINA DAILY China’s top economic regulator —…
China has ample room to expand the global use of renminbi through trade and commodity settlement, supply chain finance and offshore market development, senior economists said, adding that the process will be gradual and largely hinges on continuing financial market reforms across the globe. As the existing US dollar-dominated architecture sees an erosion of global…
China General Nuclear Power Corporation (CGN) recently completed the installation of its first 18-megawatt ultra-large offshore wind turbine at the 1-gigawatt Fanshi II offshore wind power project in Yangjiang, South China’s Guangdong province. Once completed, the project will realize the large-scale application of 18-MW-class offshore wind turbines in China. The milestone is expected to significantly…
BEIJING — China’s Ministry of Commerce on Thursday voiced opposition to the US move of adopting unilateral trade restrictive measures against China under the pretext of so-called “forced labor.” Regarding the Section 301 investigation, China’s position has remained consistent, ministry spokesperson He Yongqian said at a regular press briefing, responding to a question regarding the…
The Bank of Communications’ Macao branch on Tuesday completed two mBridge transactions: a cross-border remittance in digital pataca, or e-MOP, for Macao Industrial Ltd, and a 500-million-yuan ($73.8 million) cross-border collection in digital yuan for Far East Horizon Ltd. The transactions mark a breakthrough in the application of mBridge in Macao. Project mBridge aims to…
The spokeswoman for the Ministry of Commerce on Thursday expressed China’s firm opposition against the United States’ unilateral restrictive measures, including those imposed under the pretext of so-called “forced labor”. In response to a question regarding the US’ proposals to impose additional tariffs on economies allegedly involved in forced labor, commerce ministry spokeswoman He Yongqian…
Walking into the exhibition hall of BrainCo, a neurotechnology company based in Hangzhou, Zhejiang province, visitors are greeted by a range of products that seem straight out of science fiction. Among them is an intelligent bionic hand that combines brain-computer interface (BCI) technology with artificial intelligence algorithms. Unlike some advanced prosthetic devices, the hand requires…
A group of Gen Z visitors from more than 10 countries — including the United States, Germany, Russia, Myanmar, Madagascar and South Africa — has embarked on an immersive journey through the coastal city of Rizhao in East China’s Shandong province.From cutting-edge maritime hubs and rich culture heritage to pioneering industrial innovations, these young global…
China urged the Organisation for Economic Co-operation and Development on Thursday to pursue research in an objective manner and avoid politicizing or instrumentalizing reports in a way that harms its own credibility, according to the Ministry of Commerce. The Paris-based organization released a report on Monday claiming that Chinese companies receive the largest amount of…