A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] With many parts of the world facing potential tariff hikes from the new administration of the United States, a large number of Chinese manufacturers have been taking proactive steps to diversify their trade markets, focusing on expanding into emerging markets and upgrading products.…
A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] China will optimize the assessment systems of State-owned insurance companies and the national social security fund to increase their investments in the A-share market, as part of the country’s latest plan to attract more long-term capital for market stability. The office…
An aerial view of the Lin-gang Special Area of China Shanghai Pilot Free Trade Zone. [Photo provided to chinadaily.com.cn] China has further opened up the financial sector by pledging equal treatment for domestic and foreign financial institutions in terms of launching new financial services in eligible free trade zones, according to a new guideline. The…
A view of the Huangpu River in Shanghai. [Photo/VCG] Cross-border renminbi settlement realized in Shanghai hit a record high of 29.8 trillion yuan ($4.1 trillion) in 2024, People’s Bank of China Shanghai head office said on Wednesday. Shanghai accounted for 47 percent of China’s total cross-border RMB settlement last year, according to Ge Qing, director…
The Land Aircraft Carrier, the world’s first large-scale mass-produced modular flying car, debuts in Haikou, Hainan province, on Tuesday. [Photo provided to chinadaily.com.cn] Xpeng Aeroht, the flying car venture of Chinese electric carmaker Xpeng, has joined forces with Hainan province to introduce the “aerial round-the-island scenic highway”, ushering in a new era of island-wide flying…
HARBIN — Organizers of the 9th Asian Winter Games will provide safe, convenient, high-quality, and efficient financial support services for both domestic and international visitors, Zhang Haihua, deputy secretary-general of the organizing committee, announced on Wednesday. Zhang explained that the organizers have developed a “2+4+3” financial payment service guarantee system, focusing on practical needs in…
Vice-Premier Ding Xuexiang has called for the improvement of global governance on Artificial Intelligence to ensure it replicates “Ali Baba’s cave” filled with treasure, rather than “Pandora’s box” of uncontrollable risks. Ding made the remarks on Tuesday in response to questions from Klaus Schwab, founder of the World Economic Forum, at the WEF Annual Meeting…
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Tianjin intangible cultural heritage artists presented “Fu”, representing happiness and good luck, to participants at the hall of the World Economic Forum Conference Center in Davos, Switzerland, on Jan 21, 2025. [Photo by Xing Yi/chinadaily.com.cn] The Tianjin municipal government hosted the “Tianjin Night” activity at the hall of the World Economic Forum Conference Center in…