Shanghai Futures Exchange will speed up the rollout of new futures products for casting aluminum alloy, liquefied natural gas, offset paper and corrugated paper as part of its efforts to better serve the real economy, its chairman Tian Xiangyang said. The SHFE will also advance efforts to make nickel futures, among others, accessible to international…
China will channel more fiscal funds and explore innovative financing mechanisms to accelerate urban renewal projects, the Ministry of Finance said on Tuesday. “China will expand the areas eligible for funding from local government special-purpose bonds and increasing the use of these bonds as project capital, providing greater financial resources to support urban renewal initiatives,”…
Beijing has deployed nearly 16,000 5G-Advanced (5G-A) base stations and leads Chinese cities in 5G base station density per 10,000 people, municipal authorities said recently. Beijing will further expand opening-up in the telecom sector, said Lu Jianwen, director of the Beijing Communications Administration. Six foreign-funded companies, including Cummins’ China branch, have secured approval for the…
China’s national general public budget expenditure rose 4.6 percent year-on-year in the first four months – the fastest spending pace seen since 2020, which is set to stimulate domestic demand and boost recovery momentum, analysts said. Data released by the Ministry of Finance showed on Tuesday that national general public budget expenditure came in at…
KATHMANDU – The import of electric vehicles (EVs) into Nepal has been growing rapidly lately as the government is working on its new fiscal year budget. By mid-May, the country had imported 9,850 electric four-wheelers and 7,344 of them came from China, the Department of Customs said on Wednesday. In the past month, many more…
In a move highlighting the sustained demand for natural gas in China and the ongoing efforts to secure long-term energy supplies, British energy company BP signed a 10-year liquefied natural gas (LNG) sale and purchase agreement on Wednesday with Zhejiang Provincial Energy Group Co Ltd. Under the agreement, BP will provide Zhejiang Energy with up…
LEGOLAND Shanghai Resort is set to welcome visitors on July 5, and China Daily recently had the pleasure of interviewing Fiona Eastwood, CEO of Merlin Entertainments—the visionary co-investor and operator behind the resort. Describing it as the largest LEGOLAND Park at opening, Eastwood highlighted the resort’s unique Chinese-inspired elements, weaving local culture into its design…
BEIJING — China’s major commercial banks on Tuesday announced reductions in deposit interest rates, the first cuts this year. The one-year fixed-term deposit interest rate was lowered by 15 basis points to 0.95 percent, announced by the Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China, and China…
China and the Association of Southeast Asian Nations announced on Tuesday the official conclusion of negotiations on the Version 3.0 China-ASEAN Free Trade Area, according to the Ministry of Commerce. China and ASEAN launched negotiations for the upgraded trade deal in 2022. The two sides jointly declared the substantial conclusion of the negotiations in Vientiane, the…
Staff members work at a generator production workshop of Senci Mechanical & Electrical Co Ltd in Beibei district of Chongqing, Southwest China, May 9, 2025. [Photo/Xinhua] China’s first fundamental law dedicated to promoting the private economy took effect on Tuesday, marking a milestone in bolstering the development of the private sector, significantly stabilizing expectations and…