A healthy and balanced China-European Union economic and trade relationship is in the long-term interests of both sides, allowing their businesses to grow together, draw on each other’s strengths and better withstand the headwinds of rising protectionism from the United States, market watchers and business leaders said on Wednesday. They said the latest exchanges between…
BEIJING – China will continue improving financial services in the fields of financing, investment and industrial development, as well as in the domestic and international markets, according to Li Yunze, head of the National Financial Regulatory Administration (NFRA), on Monday. The NFRA will provide efficient services for the construction of a modern industrial system and…
China planned to establish about 100 national-level zero-carbon industrial parks during the 15th Five-Year Plan period (2026-30), creating significant growth opportunities for green and low-carbon industries, said Zheng Shanjie, head of the National Development and Reform Commission. Zheng made the remarks in response to a question from China Daily during a news conference held by…
Strengthened market infrastructure, enhanced secondary market liquidity and increased attractiveness of renminbi-denominated financial assets for global investors are improving the supply-demand dynamics of the offshore dim sum bond market. Dim sum bonds are renminbi (yuan)-denominated bonds issued outside the Chinese mainland, mainly in Hong Kong. After a relatively quiet period, dim sum market activity has…
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Generative artificial intelligence (AI) is gathering strong momentum in China — fueled by industrial innovation and the enthusiasm of more than 500 million users. As the “AI Plus” initiative advances, from computing power infrastructure and patent breakthroughs to diverse industry applications, China’s intelligent economy is taking shape with remarkable vitality. Click the video to learn…
Vice-Premier He Lifeng will lead a delegation to Malaysia from Friday to Monday to hold economic and trade consultations with representatives from the United States, upon agreement between the two countries, the Ministry of Commerce said on Thursday. The two sides will engage in consultations on key issues concerning China-US economic and trade relations, in…
China is likely to press ahead with expanding the global use of the yuan in a gradual and prudent manner during the 15th Five-Year Plan period (2026-30), while continuing to foster a sound environment for using and holding the Chinese currency, officials and experts said. As the dollar-centered international monetary system appears increasingly fragile, efforts…
An employee works on the production line of China Baowu in Maanshan, Anhui province. [PHOTO by LUO JISHENG/FOR CHINA DAILY] China’s top industry regulator has proposed tougher rules to rein in steel production capacity and promote cleaner manufacturing. The proposed rules would ban new steel projects outside of approved industrial parks of Yangtze River economic…
LI MIN/CHINA DAILY During the early years of the 14th Five-Year Plan (2021-25) period, running a manufacturing business was easy for many factory owners in China. Orders poured in from clients in Frankfurt, Osaka, Melbourne, Detroit, Sao Paulo and Nairobi. Factories hummed day and night, turning out laptops, garments, ventilators and industrial equipment to be…