A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – China has announced a raft of measures to optimize consumer finance, aiming to stimulate consumption and improve financial services, the country’s top financial regulator said on Friday. The National Financial Regulatory Administration has called on financial institutions to diversify…
Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] BEIJING – Having long propelled China’s economic ascent, major provincial-level regions are now leading the charge in the country’s transformative shift toward high-quality development. China’s top 10 provincial economic heavyweights, including Guangdong, Jiangsu, Shandong, Zhejiang and Sichuan, accounted…
China Electrical Equipment Group’s booth is seen during an expo in Zhengzhou, Henan province. MA JIAN/FOR CHINA DAILY As global manufacturing rapidly shifts toward digitalization and intelligent development, the deep integration of artificial intelligence into the sector has become a key driving force for high-quality development and a key battleground in global tech competition, said Zhang…
[Photo/VCG] A subsidiary of China Telecom has officially obtained a national invention patent for key 6G satellite-terrestrial integration technology, marking a significant step in achieving technological independence for the next-generation wireless technology, laying a core technical foundation for building a fully connected “space-air-ground-sea” network in the future. The national invention patent, roughly translated as “A…
A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province. [Photo/Sipa] BEIJING – China will expand the coverage of a pilot cash-pooling service that integrates domestic and foreign currency management for multinational companies, the country’s monetary authorities said on Thursday. The program is currently being piloted in 10 localities and will…
A Transfar employee works at a plant science research center in Hangzhou, Zhejiang province, in December. LU ZHE/XINHUA Private enterprises in China must make more efforts to embrace artificial intelligence in order to gain a lead globally, a national lawmaker said on the sidelines of the two sessions that end on Tuesday. Xu Guanju, a deputy…
An aerial view of the Lin-gang Special Area of China Shanghai Pilot Free Trade Zone. [Photo provided to chinadaily.com.cn] BEIJING – As a crucial platform for the government to promote high-level opening-up, China’s pilot free trade zones (FTZs) have introduced pioneering reforms to create a first-class business environment characterized by market-oriented practices, rule of law…
Editor’s note: China is evolving into a consumption-driven economy. As it strives to revitalize consumption, the focus has shifted beyond price competition to tailored innovation, where personalized demand fuels premium-quality supply and shapes new consumption landscapes. At this key juncture, Xinhua presents three stories that explore China’s “new consumption trends” and their role in driving…
Sany Group broke ground on its Southern Africa Headquarters Development Project in Johannesburg as its latest effort to strengthen cooperation and trade ties with South Africa.[Photo provided to chinadaily.com.cn] BEIJING – China’s construction machinery operation rate climbed to 37.38 percent in the first two months of 2025, up 2.91 percentage points year-on-year, according to a…
A photo of the production line in the Luxshare automotive electronics industrial park, Fuyang, Anhui province, Aug 12, 2024. [Photo/VCG] Eyeing the huge market potential brought by the rapid growth of intelligent connected vehicles, a major Chinese electronics manufacturer is accelerating its expansion in the global automotive components sector to get ahead of the curve.…