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…
BEIJING — China calls on the European Union (EU) to provide a fair, just and non-discriminatory business environment for Chinese companies seeking to invest and operate in Europe, a spokesman for the Ministry of Commerce said on Thursday. China hopes the EU will keep its market open, take the concerns of Chinese companies seriously, and…
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 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…
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…
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…
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…
Closer engagement between Chinese and US business communities is likely to mitigate the risk of economic decoupling and reinforce the enduring appeal of the Chinese market to global investors, said government officials and business leaders on Thursday. They made the remarks following the latest round of China-US economic and trade talks held in Stockholm earlier…
A State Council executive meeting presided over by Premier Li Qiang on Thursday called for stepping up efforts to improve the effectiveness of macroeconomic policies, while arranging the implementation of interest subsidies on personal consumption loans and loans to service sector businesses to better stimulate consumption and enhance market vitality. As the country’s latest step…
BEIJING — China looks forward to deepening dialogue and consultations with the United States to seek more mutually beneficial outcomes, Ministry of Commerce spokesperson He Yadong said on Thursday. The spokesperson made the remarks while responding to a media question about the recent China-US trade talks held in Stockholm, Sweden. The two sides held candid,…