The central parity rate of the renminbi in the interbank foreign exchange market strengthened 30 pips to 7.0796 against the US dollar on Wednesday, following a 21-pip increase on Tuesday. Analysts said the Chinese currency is likely to retain a mildly stronger bias in the near term and maintain a stable and gradually appreciating trend…
Employees work on the production line of accessories for NEV batteries at a high-tech company in Huaibei, Anhui province. LI XIN/FOR CHINA DAILY Amid robust policy support and relentless innovation, China’s drive to cultivate unique small and medium-sized enterprises, or SMEs, is gaining significant momentum, officials and experts said. A key catalyst has been the…
[Photo provided to chinadaily.com.cn] The accelerated development of strategic emerging industries, boosted by a clearer industrial mapping, has helped Qingpu district in southwestern Shanghai see its GDP grow by 1.5 times during the 14th Five-Year Plan (2021-25) from the previous monitored period, local officials said during a press conference on Wednesday. Wang Ping, Qingpu’s Party…
Residents affected by a residential area fire receive relief supplies at a relief station in Hong Kong, Nov 26, 2025. [Photo/Xinhua] The People’s Bank of China has moved to ensure that donations from the mainland towards relief efforts related to the Tai Po fire in Hong Kong can reach their destination without delay. In a…
Zhou Mi, senior researcher at the Chinese Academy of International Trade and Economic Cooperation, said in an exclusive interview with China Perspective that, against the backdrop of global supply chain fluctuations and inflationary pressures, Chinese products maintain strong price competitiveness that attracts foreign visitors. Zhou added that foreign companies can either open their own stores…
Shoppers examine Huawei products at a store in Jinhua, Zhejiang province. SHI BUFA/FOR CHINA DAILY China is stepping up efforts to improve the adaptability of supply and demand in its consumer market, as authorities move to further unlock consumption potential and support high-quality economic growth, said officials and experts. “Adaptability means that producers proactively respond…
China’s outbound direct investment will grow steadily this year, enabling Chinese companies to tap into wider markets and support longer-term economic expansion in host countries, said experts and business leaders. The overseas expansion of Chinese companies is no longer about exporting products, but about delivering technological systems and managerial expertise that help upgrade local industries,…
Asset managers said investors should place greater weight on China’s economic fundamentals rather than short-term market swings, as they expect the next phase of Chinese equities to be driven primarily by underlying fundamentals. By Thursday’s close, the Shanghai Composite Index finished at 3,875.26, up 0.29 percent, while the Shenzhen Component Index closed at 12,875.19, down…
China earmarked 700 billion yuan ($97.2 billion) and 800 billion yuan in ultra-long special treasury bonds in 2024 and 2025, respectively, to support the construction of respective 1,465 and 1,459 “hard” investment projects focused on implementing major national strategies and enhancing security capacity in key areas, the National Development and Reform Commission (NDRC), China’s top…
An Iranian student (left) who is studying in Shanghai samples local snacks on Wednesday with her parents at a gift shop in the city’s Nanjing Road Pedestrian Street. [Photo/Xinhua] China will continue to expand product availability, upgrade services, and diversify consumption scenarios under the “Shopping in China” initiative, in an effort to better reflect the…