China’s foreign trade will pick up further pace this year as manufacturers shift toward more technology-intensive exports and strengthen ties with emerging markets, government officials and business leaders said on Monday. They noted that Chinese exporters’ push for market diversification, along with improvements in regional connectivity and supply chains, is helping to bolster resilience and…
An image taken on May 10 shows a vessel laying submarine cables off Lingshui, Hainan province, to support the building of China Unicom’s international submarine cable landing station. [Photo provided to China Daily] China Unicom is advancing the development of key digital infrastructure, including international submarine cables and Haikou International Information Port, to support Hainan…
In its first eight months of official operations, the Shanghai International Reinsurance Exchange traded nearly 4.4 billion yuan ($617.87 million) of insurance premiums, according to an official with the exchange. The value of outward insurance, under which the insurer transfers the insurance to another insurance company, approached 94.6 billion yuan, while the value of inward…
China’s top securities regulator vowed over the weekend to step up law-based supervision and make strong efforts to advance high-quality capital market development, following the announcement that its former chairman is under investigation. Financial experts said the pledge reflects the country’s firm determination to address the remaining structural challenges in the capital market to foster…
Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] China’s foreign trade will pick up further pace this year as manufacturers shift toward more technology-intensive exports and strengthen ties with emerging markets, government officials and business leaders said on Monday. They noted that Chinese exporters’ push for…
CAI MENG/CHINA DAILY The strategic rivalry between China and the United States is a protracted one, the nature and duration of which are not determined by China’s will alone. Through decades of persistent and unwavering efforts, China has laid a solid foundation. This very foundation has provided the confidence for China to engage in strategic…
[Photo provided to chinadaily.com.cn] The Magnum Ice Cream Company (TMICC) outlined its growth strategy and financial outlook during its inaugural capital markets day in London on Tuesday. During the event, Magnum’s management presented its business strategy and financial framework ahead of the planned demerger from Unilever PLC and standalone listing, both of which are expected…
The Nanning International Convention and Exhibition Center will be the venue for the 22nd China-ASEAN Expo to be held later this month. PENG HUAN/FOR CHINA DAILY China and the Association of Southeast Asian Nations, buoyed by the recently completed negotiations on the Version 3.0 China-ASEAN Free Trade Area, will further deepen regional economic integration amid…
Schneider Electric’s Shanghai facility incorporates high-end technologies like big data, 5G and artificial intelligence to enhance productivity. [Photo provided to China Daily] After 38 years in China, French industrial conglomerate Schneider Electric has transformed its presence in the country from a manufacturing base into its second-largest market and a vital center for innovation and manufacturing…
China’s listed banks are leaning more heavily on noninterest income to offset shrinking interest margins, with fee-based businesses such as wealth management, investment banking and transaction banking emerging as key growth drivers in the first half. In an extended low-rate environment, banks’ net interest margins have continued to contract, pressuring earnings. As a result, 42…