“China is always ahead when it comes to technology and innovation,” Gemma Hersh, senior vice-president of Elsevier, an Amsterdam-based academic publishing company, said in a recent interview with China Daily. She recalled an experience from around 15 years ago during her first visit to China, when a shopkeeper told her that card payments were commonly…
Welcomed with a traditional water salute at Buenos Aires Ezeiza International Airport on December 4, China Eastern Air Holding Co completes the debut of the world’s longest one-way commercial flight, connecting China’s economic hub Shanghai with Argentina’s capital Buenos Aires via a stopover in Auckland, New Zealand. [Photo provided to chinadaily.com.cn] Welcomed with a traditional…
Chinese mainland regulators’ latest move to bring stablecoins under further scrutiny signals a sharper focus on preventing fraud, capital flight and consumer harm, experts said. This is also expected to clarify the regulatory boundaries in order to help cool irrational expectations around stablecoins and digital assets, they said. The strengthened stance — announced at an…
A Zhejiang merchant foreign-related legal services center was officially launched recently. It will provide going-global businesses with instant access to expert legal support through a unified hotline and a network spanning 94 countries. Established as a public-interest institution, the one-stop legal services center provides crucial legal support for businesses in the province that are expanding…
China is accelerating efforts to expand old-age finance, as regions across the country unveil new policies setting key tasks for the 15th Five-Year Plan period (2026-30), while banks step up strategic planning, product innovation and business development to support the sector. Earlier this month, the National Financial Regulatory Administration Guangdong Office issued its implementation plan…
The Ninth Central Asia Regional Economic Cooperation (CAREC) Think Tank Development Forum kicked off on Monday in Urumqi, Xinjiang Uygur autonomous region, highlighting innovative financing to drive the region’s green transition. [Photo provided to chinadaily.com.cn] The Ninth Central Asia Regional Economic Cooperation (CAREC) Think Tank Development Forum kicked off on Monday in Urumqi, Xinjiang Uygur…
CHINA DAILY As global climate efforts intensify and the energy transition accelerates, the international community is converging on the imperative need to transform manufacturing along green and low-carbon pathways. President Xi Jinping has put forward the concept that “lucid waters and lush mountains are invaluable assets”. Embracing this concept, China has undergone a fundamental shift…
As global economic headwinds reshape supply chains and consumer behavior, scale has emerged as one of the rarest and most consequential metrics in the world economy. Few places offer it with the depth, resilience and speed of China, where a vast and fast-upgrading consumer base continues to anchor long-term business cooperation between businesses from China…
MA XUEJING/CHINA DAILY For Xiong Xujia, the wait started alongside the China-US trade talks in Geneva, which later shifted to London, Stockholm and Madrid, resulting in a monthslong spiral of uncertainty. For Xiong, a foreign trade manager at Ningbo Tianxiang Electrical Appliances Co Ltd, a cookware manufacturer based in Ningbo, Zhejiang province, as well as…
A drone photo shows a view of the Qinzhou Port in Qinzhou, South China’s Guangxi Zhuang autonomous region, on Sept 16. ZHANG AILIN/XINHUA NANNING — The New International Land-Sea Trade Corridor (ILSTC), a key logistics route connecting western China to global markets, had transported a cumulative total of more than 5 million twenty-foot equivalent units…