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…
China has vowed to intensify its crackdown on virtual currency speculation, with the central bank making its clearest statement to date that stablecoins fall within the scope of illegal financial activities, bringing them further under the onshore monitoring and enforcement framework. At Friday’s meeting of the interagency mechanism for combating virtual currency trading and speculation,…
Visitors select cameras at a photography equipment rental store in Tianjin in May, 2023. LIU XIN/CHINA NEWS SERVICE Cheng Shuo works as an accountant in Suzhou, Jiangsu province, but the 27-year-old’s real passion is attending live music performances. Almost every month, she travels to different cities for concerts, music festivals and fan events. Before each…
BEIJING — The People’s Bank of China, China’s central bank, stated that the country will maintain prohibitive policies regarding virtual currency trading and will continue to crack down on related illegal financial activities in an effort to safeguard the security of people’s property. The bank sent this message at a recent meeting on virtual currency…