In 2024, young people in the EU left their parents’ house at an average age of 26.2 years, slightly down from 26.3 years in 2023. Since 2002, this average age has fluctuated mildly between a low of 26.1 years in 2019 and a high of 26.8 years in 2006. The highest average ages for leaving…
China’s A-share market closed mixed on Tuesday, with the ChiNext Index reversing losses to finish higher in late trading. The benchmark Shanghai Composite Index slipped 0.18 percent to 3,821.83, while the Shenzhen Component Index fell 0.29 percent to 13,119.82. In contrast, the ChiNext Index, which tracks growth-oriented companies, rose 0.21 percent to 3,114.55. Shipping and…
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Delegates from renowned Chinese firm Inspur Intelligent Production and Singapore’s KoolLogix Pte Ltd sign a cooperation agreement in Singapore to enhance cooperation in enterprise production intelligence and data center energy conservation. [Photo provided to chinadaily.com.cn] A renowned Chinese intelligent production technology company has partnered with a Singaporean firm to explore enterprise production intelligence and data…
BEIJING – The People’s Bank of China (PBOC), which is the country’s central bank, on Monday conducted 300 billion yuan ($41.2 billion) of 14-day reverse repos, in the first such operation since it adjusted the tool’s bidding rules last week. The operation was carried out through fixed-volume, interest rate tenders with multiple bid prices, the…
Following strong gains so far this year, China’s stock market may continue to outperform US equities when taking a one-year view. That’s according to Timothy Moe, chief Asia-Pacific regional equity strategist and co-head of macro research at Goldman Sachs. “We’re hopeful that will continue,” Moe said in Beijing on Friday. “Simple arithmetic would say that…
Professor Claudio Ronco, founder and president of the International Renal Research Institute of Vicenza in Italy, emphasized the importance of raising awareness about kidney disease, prevention and care during the “919 Uremia Care Day” public welfare event on Friday. [Photo provided to chinadaily.com.cn] China has launched assistance programs targeting 120 million chronic kidney disease patients…
Business executives from China and the United Kingdom gathered in London on Wednesday to explore cooperation opportunities at an industry and investment roundtable hosted by the UK’s 48 Group and the Chaoyang District of Beijing. The event spotlighted Chaoyang district — Beijing’s central business hub and main diplomatic area — as an attractive destination for…
A company sells a wide range of clothing at Silk Road Nanhua Cross-Border E-Commerce Industrial Park in Suzhou. [Photo provided to chinadaily.com.cn] Suzhou, East China’s Jiangsu province, is not only fueling the cross-border trade of its homegrown enterprises but also embracing foreign capital, forging a dual path of international economic engagement. The Silk Road Nanhua…
China’s top market regulator said on Friday that it has opened an investigation into Chengdu Kuaigou Technology Co, the e-commerce subsidiary of Kuaishou, for suspected violations of the country’s e-commerce law. Beijing is currently stepping up its regulation of the fast-growing livestreaming industry. The State Administration for Market Regulation said the decision followed a preliminary…