China Industries
Shanghai officials brief the media on the city’s economic development on Thursday. [Photo by Luo Bin/chinadaily.com.cn] Shanghai’s biopharmaceutical industry, a key driver of the city’s economic growth, is projected to exceed 200 billion yuan ($27.28 billion) in output value in 2024, marking a significant increase from the previous year’s 185.98 billion yuan, according to Luo…
An employee (center) addresses queries from Nigerian businesspersons at Yiwu’s China Small Commodities Market in Zhejiang province on Jan 12. SHI BUFA/FOR CHINA DAILY In the face of uncertainties regarding the external environment and challenges in global supply chains, Zhejiang province’s Yiwu has found a quick way out with innovative business models and improved operating…
China Semiconductor Industry Association said on Thursday that it will firmly support both domestic and foreign semiconductor enterprises to safeguard their legitimate rights, including raising anti-dumping investigations in response to unfair competition from imported US products. The association said that the domestic mature-process chip sector has raised concerns with the Ministry of Commerce about unfair…
The added value of Shanghai’s financial industry jumped 6.9 percent year-on-year to 659.12 billion yuan ($89.9 billion) in the first three quarters of 2024, Zhou Xiaoquan, executive deputy director of Shanghai Municipal Bureau of Finance, said at a news conference on Thursday. The growth rate was 1.7 percentage points higher than the average number of…
China, in response to domestic industry’s application, will launch probe into the United States mature process chip exports to China at low prices, pursuant to China’s laws and regulations, as well as the rules of the World Trade Organization, the Ministry of Commerce said on Thursday. Domestic players in China’s semiconductor industry have reported that…
Beijing’s commercial property investment market saw a recovery last year, mainly driven by office, retail and logistic sectors, industry reports showed. The capital recorded a total of 42.7 billion yuan ($5.85 billion) in the investment transactions for 2024, a slight increase compared to the previous year, according to a report by JLL, an international real…
A view of a property project under construction in Yantai, Shandong province, May 12, 2024. [Photo/VCG] BEIJING – Loans approved for China’s “white list” real estate projects have exceeded 5 trillion yuan ($695.5 billion), according to the National Financial Regulatory Administration (NFRA) on Sunday. The risks of China’s small and medium-sized financial institutions have been…
CAI MENG/CHINA DAILY China’s first energy law, which took effect on Jan 1, marks a milestone in the country’s energy transition. It signifies the establishment of a foundational legal framework for the energy sector with the energy law as its cornerstone, supported by specific laws such as the electricity law, coal law, renewable energy law…
The ice fishing culture has been passed on in Dorbod, Heilongjiang province, for over 1,000 years. [Photo/Xinhua] CHANGCHUN/HARBIN – A school of large fish thrashed about in a mile-long fish seine, hauled from an ice-covered Chagan Lake in Northeast China, as a cheering crowd watched in excitement. This spectacle was part of the millennium-old tradition…
The China Emissions Exchange (Guangzhou), the largest local carbon market in China. [Photo/Sipa] GUANGZHOU – Carbon emissions allowances closed at 37.61 yuan ($5.23) per ton on Tuesday, kept flat as Monday, at Guangzhou Emissions Exchange, the largest local carbon market in China. A total of 2 tons of allowances were transacted on Tuesday with a…