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Shanghai-UK symposium explores tech collaboration opportunities

The UK Chapter of Shanghai Overseas Returned Scholars Association hosts a symposium focused on technological innovation and industrial development opportunities. [Photo provided to chinadaily.com.cn] Representatives from China and the United Kingdom gathered in Shanghai on Thursday for a symposium focused on technological innovation and industrial development, aiming to strengthen cooperation in emerging technologies. The event,…

Hunan introduces policies to attract foreign investment and talent

Foreigners in Hunan handle business at the one-stop service center for foreigners working in China at the Hunan Pilot Free Trade Port Zone. [Photo provided to chinadaily.com.cn] Hunan province has introduced two policy packages designed to strengthen its appeal to international investors and professionals.The new measures focus on streamlining business processes and deepening cooperation with…

China eases rare earth exports to EU firms, EU chamber says

China has granted more export approvals of rare earth elements to European companies recently, the European Union Chamber of Commerce in China said on Friday. The relaxation came after a meeting in late May hosted by the Chinese Ministry of Commerce, where the rare earth controls were discussed among Chinese and European semiconductor firms. “There…

Global auto giants look to China for future vision

Workers and robotic arms operate at the production line of Volkswagen Anhui, the carmaker’s first electric vehicle joint venture in China, in Hefei, Anhui province, on May 21. [Photo provided to CHINA DAILY] At the Auto Shanghai show in April, an executive of Volkswagen — one of the world’s biggest auto manufacturers — made a…

Nation’s trade in services accelerating

Driven by burgeoning inbound tourism and robust growth in the knowledge-intensive service sector, China’s trade in services registered swift expansion in the first four months of the year, underscoring the country’s efforts in fostering new growth drivers amid rising trade barriers, analysts said. Although uncertainties still cloud tariff negotiations with the United States, China is…

Tesa: The Chinese market is super important

German adhesive solutions manufacturer tesa is doubling down on China’s booming energy storage sector. “The global energy storage sector is a super attractive market, which is very much driven by China. There’s plenty of opportunities to deal with…We will continue to invest in China,” said Stephen Hauber, president and regional manager of tesa Greater China. …

China’s finance ministry issues 12.5 billion yuan of treasury bonds in Hong Kong

BEIJING — China’s Ministry of Finance on Wednesday issued this year’s third batch of yuan-denominated treasury bonds — worth a total of 12.5 billion yuan ($1.74 billion) — in the Hong Kong Special Administrative Region. The issuance included 3.5 billion yuan of two-year bonds, 3 billion yuan of three-year bonds, 3 billion yuan of five-year…

China launches pilot to integrate HR services with manufacturing sector

This photo taken on June 7, 2024 shows a smart assembly line at Seres Group’s super factory in Liangjiang New Area, Chongqing, Southwest China. [Photo/Xinhua] BEIJING — China will launch a pilot in some 30 cities to integrate human resources (HR) services with the manufacturing sector, the Ministry of Human Resources and Social Security said…

China ‘firmly opposes’ move on contracts

The European Union’s latest move to exclude Chinese companies from bidding on public procurement contracts in the medical devices sector has raised concerns over rising protectionism within the bloc and the potential for escalating trade tensions with China, market watchers said on Wednesday. Their comments came after EU member states decided to block Chinese companies…

Arrears clearance for SMEs facilitated

A clerk counts cash at a bank in Nantong, Jiangsu province. [Photo/Sipa] China has taken a concrete step toward addressing crippling issues faced by the private sector, with a revised regulation guaranteeing payments owed to small and medium-sized enterprises. This marks China’s latest move in clearing arrears owed to SMEs through an institutional arrangement, which…