Sebastian Goyon visits a DJI store at APM Mall in Beijing, capital of China, July 2, 2025. [Photo/Xinhua] Under the guidance of financial regulators, Chinese banks and insurance companies are tailoring services to the needs of technology enterprises, offering targeted solutions such as “loans plus direct equity investment”, intellectual property pledge financing, and patent insurance.…
Displays show major stock indexes at HKEX’s Exchange Square in Hong Kong. CHEN YONGNUO/CHINA NEWS SERVICE As the half-century of global prosperity built on China-US complementarity is reaching its natural limits, the era of “easy but low-margin money” is drawing to a close. China now must learn to earn “hard money” — by rebuilding balance within,…
China’s Ministry of Commerce has rejected US Treasury Secretary Scott Bessent’s claims regarding China International Trade Representative Li Chenggang’s engagements in the United States as “baseless”, stating that they seriously distorted the facts. Foreign media reported that Bessent had accused Li of making an “uninvited visit” to Washington and linking the threat of “China unleashing…
BEIJING — The People’s Bank of China (PBOC), the country’s central bank, has renewed a bilateral currency swap agreement with the Central Bank of Iceland. The agreement is worth 3.5 billion yuan (about $493.18 million), or 70 billion Icelandic krona, the PBOC said in a statement. The agreement is valid for five years, according to…
Tim Cook, CEO of Apple, shared his admiration for Chinese culture in an interview with China Daily in Shanghai, highlighting the global success of the Chinese doll Labubu. “It has really blown up around the world. It’s huge. I love it. I have my personal one now, and I’m putting it right on my desk,”…
BEIJING — China’s corporate sales revenue has maintained a steady upward trajectory this year, underscoring continued signs of resilience in the wider economy, according to the latest tax data. The State Taxation Administration said on Tuesday that year-on-year growth of quarterly corporate sales revenue had reached 2.1 percent, 3.1 percent and 4.4 percent in the…
China’s centrally administered State-owned enterprises are increasingly seen as not only pioneers in going global but also anchors of industrial security and rule-shaping, with their push into higher-value exports and overseas green-energy investment bolstering resilience across supply chains, experts said. With the rapid advancement of China’s economy and industrialization, more Chinese enterprises are seeking overseas…
Washington should show greater sincerity in engaging with Beijing and maintain the stability of global industrial and supply chains, analysts said, as China and the United States agreed to resume economic and trade consultations soon. They made the remarks after Vice-Premier He Lifeng, who is also China’s lead person for China-US economic and trade affairs,…
Dongguan in South China’s Guangdong province is a busy port on the Pearl River. [Photo provided to chinadaily.com.cn] Guangdong, China’s biggest foreign trader, remains a robust importer in the first nine months. According to statistics released by Guangdong Customs on Thursday, Guangdong’s monthly imports have consistently maintained positive year-on-year growth since the beginning of the…
China will further strengthen its policy reserves and introduce new measures to stabilize foreign trade as needed, said the Ministry of Commerce on Thursday. Speaking at a weekly news briefing in Beijing, He Yongqian, a spokeswoman for the ministry, said that despite external challenges, China’s foreign trade maintained steady progress in the first three quarters…