Skip to content

economic

Shanghai’s intl business zone offers visa-free entry to invited individuals

Individuals from all countries with valid invitations can enter Shanghai’s future Eastern Hub International Business Cooperation Zone without a visa or other entry permits, and they can stay for up to 30 days per entry and apply for extensions if needed, officials said on Friday. In addition to the special 30-day stay policy, inbound overseas…

Birds’ safe haven on the transmission pylons

At the Longbao Nature Reserve of Sanjiangyuan area in Qinghai province, towering transmission towers are equipped with man-made nests that serve as safe havens for birds on the plateau, showcasing a beautiful vision of harmonious coexistence between humans and birds within the reserve. Tanks to chinadaily.com.cn Please visit: Our Sponsor

Smarter homes and new scenarios: China elevates consumption through policy push

BEIJING — At a bustling appliance store near Shanghai’s Zhongshan Park, sales staff enthusiastically demonstrated product features and calculated discounts. The summer shopping season has been in full swing. A local resident surnamed Yao was looking for an energy-efficient air conditioner, who was informed by sales staff that the latest models not only offer AI-powered…

Nvidia responds to security summoning

US tech firm Nvidia said in a statement to China Daily on Friday that cybersecurity is critically important to it and Nvidia does not have “backdoors” in its chips that would give anyone a remote way to access or control them. China’s cyberspace regulator on Thursday summoned Nvidia over security risks concerning its H20 AI…

Yuan eyes greater role among safe-haven assets

CAI MENG/CHINA DAILY The US dollar and US Treasury bonds have long been seen as the bedrock of global safe-haven assets. However, since late 2024, growing fiscal and credit risks in the United States have raised market concerns, accelerating the global shift toward more diversified foreign exchange reserves. The weakening safe-haven function of the greenback…

China Development Bank issues $25m loan to Kazakh rail company

China Development Bank has recently issued the first tranche of a 180 million yuan ($25 million) loan to Kazakhstan’s state-owned railway company for the procurement of 200 locomotives from Chinese train maker CRRC Corporation Ltd, the bank said in a statement on Thursday. China Development Bank and the Export-Import Bank of China have jointly established…

China-Mongolia border port handles milestone 20,000 China-Europe freight trains

HOHHOT – Erenhot, the largest land port on the China-Mongolia border, recorded a milestone of 20,000 entry and exit China-Europe freight trains since its service launch in 2013, said the China Railway Hohhot Group Co, Ltd on Sunday. Over recent years, along with China’s deepening efforts in international economic and trade cooperation, Erenhot port in…

Economy expected to maintain steady pace

China’s economy is expected to maintain steady momentum in the second half of the year amid continuous policy support, with international institutions’ raised growth forecasts reflecting strengthened confidence in the world’s second-largest economy, economists and analysts said. With the country’s top leadership having clearly signaled consistent macro policy support to sustain the economic rally, they…

Cross-border trade driving China-Vietnam ties

Customs officers check imported fruit at Hekou Port in Hekou Yao autonomous county, Southwest China’s Yunnan province, in June. GAO YONGWEI/XINHUA KUNMING — At dawn, Vietnamese tourists lined up at Hekou Port, the largest land port along the Yunnan section of the China-Vietnam border, drawn by more than mere sightseeing. Amid the lines, men carrying bulging…