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China-EU green ties set to expand

With Chinese exports of environment-friendly products to Europe booming and European firms scaling up investments in clean energy and smart manufacturing across the nation, green cooperation between China and the European Union is expected to thrive, said business leaders and observers. They said such cooperation is increasingly driven by shared climate goals and complementary strengths,…

China to set up international operation center for digital yuan

During the 2025 Lujiazui Forum which was launched in Shanghai on June 18, Pan Gongsheng, governor of the People’s Bank of China, announced eight measures to further open up China’s financial market. He noted that China will set up an international operations center for the digital yuan to advance the international use of the digital…

JD enters the hotel and tourism industry

Chinese e-commerce giant JD announced on Wednesday that it will enter the hotel and tourism industry through providing supply chain services for hotels to help them lower operational costs and promote the healthy and sustained development of hotel sector. The company said in an open letter to hotel operators that the merchants participating in JD’s…

Top retailers post strong sales growth last year

China’s top 100 retail chains booked a combined 2.13 trillion yuan ($294 billion) in sales in 2024, up 4.9 percent from the previous year, as the consumer market showed signs of recovery led by discount snacks, membership warehouse formats, and specialty retailing, according to an industry survey. The total number of stores expanded 13.5 percent…

China’s fiscal revenue decline narrows on back of tax earnings

A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] China’s fiscal revenue decline narrowed in the first five months, with tax revenue continuing to recover steadily and certain industries maintaining solid tax contributions, according to the latest official data released by the Ministry of Finance on Friday. China’s…

Nation spearheads 5G-A network across 300 cities

As a global pioneer in commercializing 5G-advanced, or 5G-A, technology which plays a key role in bridging 5G to 6G, China has already deployed such networks in over 300 cities, according to the Ministry of Industry and Information Technology. The progress showcases China’s first-mover advantage in defining the next-generation network, which is of crucial importance…

China, EU bolster efforts to achieve bilateral goals

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. [Photo/Xinhua] China and the European Union have agreed to make joint efforts, based on the principle of mutual benefit, to lay a solid foundation for advancing this year’s key bilateral agenda, said the Ministry of Commerce. They also agreed to promote the sound,…

MoUs for C929 inked in Paris

Zhao Chunling, chief designer of China’s homegrown wide-body C929 aircraft at Commercial Aircraft Corporation of China Ltd (COMAC), is pictured at a research institute of COMAC in Shanghai, March 5, 2025. [Photo/Xinhua] Domestic aircraft manufacturer Commercial Aircraft Corp of China has signed new memorandums of understanding with foreign suppliers for its wide-body C929 aircraft model…