The Anshun-Panzhou section of Shanghai-Kunming Expressway, being partially built by China Railway No 4 Engineering Group, progresses steadily in Guizhou province. SHI JIAMIN/FOR CHINA DAILY Dubbed “the Cool City of China”, prefecture-level Liupanshui in Southwest China’s Guizhou province is proud of its county-level Liuzhi special district which is home to people from 32 ethnic groups,…
An employee works at the workshop of CRRC’s subsidiary in Qiqihar, Heilongjiang province. [Photo/Xinhua] Urban rail development is expected to be the key to sustaining China’s investment on a long-term basis, as it can integrate elements from both traditional and new infrastructure projects to support the country’s economic growth, industry experts said. Opportunities in the…
A view of the booth of Bank of China during an expo in Beijing. ZHANG WEI/CHINA DAILY Chinese banks ramped up support for technology financing in the first half, with State-owned commercial lenders taking the lead and showing the early results of channeling financial resources into innovative enterprises. As of end-June, the total balance of…
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BEIJING – The People’s Bank of China (PBOC), China’s central bank, has renewed bilateral currency swap agreements with the European Central Bank (ECB), the Swiss National Bank (SNB), and the National Bank of Hungary (MNB), respectively. The size of the PBOC-ECB swap is 350 billion yuan (nearly $50 billion), or 45 billion euros, and is…
A worker handles products at the Shu Brocade Workshop of the Chengdu Shu Brocade Research Institute, a private enterprise in Chengdu, Sichuan province. [LI XIANGYU / FOR CHINA DAILY] China saw its factory-gate prices decline narrowed in August, while consumer prices fell slightly, the official data showed on Wednesday. China’s producer price index – which…
Shoppers buy vegetables at a supermarket in Lianyungang, Jiangsu province. GENG YUHE/FOR CHINA DAILY China’s factory-gate price declines eased in August for the first time in six months, signaling improving supply-demand dynamics and a stabilizing economy supported by proactive macroeconomic policies, officials and analysts said on Wednesday. Looking ahead, analysts expect prices to stage a mild…
China plans to accelerate the development of emerging and future industries—including artificial intelligence and robotics—during the 15th Five-Year Plan (2026–30) while strengthening its competitive edge in information and communications technology, a senior industry official said on Saturday. Li Lecheng, minister of the Ministry of Industry and Information Technology, said the country will push harder to…
BEIJING — China’s foreign exchange reserves totaled $3.3222 trillion at the end of August, up by $29.9 billion, or 0.91 percent, compared to the end of July, official data showed Sunday. The State Administration of Foreign Exchange attributed the increase to the combined impact of currency translation and changes in asset prices. In August, the…
China’s foreign trade will pick up further pace this year as manufacturers shift toward more technology-intensive exports and strengthen ties with emerging markets, government officials and business leaders said on Monday. They noted that Chinese exporters’ push for market diversification, along with improvements in regional connectivity and supply chains, is helping to bolster resilience and…