An aerial view shows skyscraper clusters in Lujiazui, a cutting-edge financial center and bustling commercial district in Shanghai, on Aug 23. LI JUNQIN/FOR CHINA DAILY As Chinese companies expand their reach amid the advancement of strategies like the Belt and Road Initiative, demand for new financial services has risen, including reinsurance, or, insurance provided to insurers.…
Dongguan in South China’s Guangdong province is a busy port on the Pearl River. [Photo provided to chinadaily.com.cn] GUANGZHOU — Dongguan city in South China’s Guangdong province, one of the country’s major manufacturing hubs, reported a total foreign trade volume of 1.03 trillion yuan (about $144.8 billion) in the first eight months of this year,…
Offset paper futures and options start trading on the Shanghai Futures Exchange on Sept 10. [Photo provided to China Daily] The Shanghai Futures Exchange has marked yet another major step forward in internationalization. It has from Sept 10 started listing offset paper futures and options, the first such financial derivatives for the cultural paper industry.…
The Ai.R fleet features two vehicle models, the WeRide GXR and Robobus. [Photo provided to chinadaily.com.cn] Chinese autonomous driving startup WeRide is deploying its GXRs and Robobus shuttles in Singapore in partnership with Southeast Asian ride-hailing giant Grab Holdings Ltd. The service, branded Ai.R—short for Autonomously Intelligent Ride—was selected by Singapore’s Land Transport Authority to…
A drone photo taken on Aug 8, 2025 shows a demonstration project for integrated photovoltaic and energy storage in Dongying city, East China’s Shandong province. [Photo/Xinhua] China’s electricity consumption surpassed 1 trillion kilowatt-hours for a second consecutive month in August, driven by robust demand from both production and consumption sectors, according to data released by…
BEIJING – China’s financial sector has achieved remarkable progress during the 14th Five-Year Plan period (2021-2025), with banking assets nearing 470 trillion yuan ($66.2 trillion) at the end of June this year to rank first globally. It has maintained the world’s largest foreign exchange reserves for a 20th consecutive year, and secured its second-place standing…
Containership Istanbul Bridge docks at Ningbo-Zhoushan Port, Zhejiang province, on Monday. CHINA DAILY Ningbo-Zhoushan Port launched the China-Europe Arctic Express — the world’s first regular container service linking China with Europe through the Arctic Ocean — on Monday, enhancing the country’s supply chain resilience and safety. On Monday, containership Istanbul Bridge departed from Beiyi Container…
China’s latest efforts to regulate the management of food delivery service platforms are expected to maintain fair market order, curb “involution-style” competition and promote the healthy, orderly and sustainable development of the platform economy, experts said. Their comments came after the State Administration for Market Regulation on Wednesday began soliciting public feedback on a set…
China rolled out a series of policy measures to support private enterprises and venture capital on Wednesday at the 2025 China Private Enterprises Investment and Financing Conference, covering sci-tech innovation, financial empowerment, and industrial upgrading to promote the healthy and high-quality development of the private economy. During the conference, 330 financing projects were collected from…
From left to right: Zhu Bixin, director of the board and president of COSCO Shipping Group; Arsenio Dominguez, secretary-general of the International Maritime Organization; Wang Qi, minister and charge d’affaires at China’s embassy in the United Kingdom; and Zhao Yan, chairman and president of China Classification Society, pose for a group photo during an event…