Highlighting the role of innovation as a catalyst for the advancement of the private economy, national political advisers have suggested that entrepreneurs actively integrate technology to drive cost efficiencies and operational enhancements, while also seeking out new avenues for growth. Additionally, favorable government policies are emphasized to streamline loan processes, addressing the challenges of costly…
An employee works on a solar panel production line in Huaibei, Anhui province. LI XIN/FOR CHINA DAILY Clean-energy technologies made up more than 10 percent of China’s economy last year for the first time ever, with sales and investments worth 13.6 trillion yuan ($1.9 trillion), according to a think tank. These sectors grew three times as…
Commerce Minister Wang Wentao (center), China Securities Regulatory Commission Chairman Wu Qing (left) and National Development and Reform Commission Director Zheng Shanjie attend a news conference during the third session of the 14th National People’s Congress in Beijing on Thursday. ZHANG WEI/CHINA DAILY China is open to dialogue with the United States on an equal footing…
Visitors shake hands with Unitree’s H1 robot during the 26th China Hi-Tech Fair in Shenzhen, Guangdong province, on Nov 14. CHINA DAILY Outside an unremarkable building in Hangzhou, Zhejiang province, a humanoid robot is doing something truly remarkable. The Unitree G1, standing at 1.2 meters tall and weighing 35 kilograms, takes a martial arts stance, shifts…
Logo of Bayer Group is pictured outside a plant. [Photo provided to China Daily] HANGZHOU – Ma Jishen was excited to see Bayer, the German healthcare and agribusiness giant, achieve the designed production capacity in just over a month at its new factory, where he serves as director. The Bayer Crop Science Hangzhou Production Site,…
China will establish a national venture capital guidance fund to bolster the development of innovative enterprises, the country’s top economic regulator said on Thursday, as the country looks to foster new quality productive forces and pursue innovation-driven growth. “In the near future, we will establish a national venture capital guidance fund, with the goal of…
An employee comes out of the Baidu headquarters in Beijing. [Photo by Fan Jiashan/For China Daily] Chinese tech heavyweight Baidu Inc plans to issue about 10 billion yuan ($1.4 billion) of bonds offshore, according to a report from Bloomberg. The deal will consist of a 5-year note to yield 2.6 percent to 2.8 percent, and…
China has sufficient fiscal policy tools and ample flexibility to effectively respond to potential domestic and external uncertainties, Minister of Finance Lan Fo’an said at a news conference on Thursday. China has opted for a more proactive fiscal policy this year, aimed at achieving annual targets and strengthening the drivers of medium and long-term development,…
During the campaign to use financial tools to support the development of the real economy, Qilu Bank has become a representative example for supporting the development of small and micro-sized enterprises through practical action. At the end of last year, a Jinan resident surnamed Qiao, a small business owner in Changqing district engaged in the…
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