In the first half of 2026, operating hours at the Shanghai Synchrotron Radiation Facility increased 16 percent year-on-year. [Photo by Li Jing/chinadaily.com.cn] Shanghai is stepping up efforts to open its network of major scientific research facilities to companies as China seeks to strengthen basic research and accelerate the commercialization of advanced technologies. The city has…
In the first half of 2026, operating hours at the Shanghai Synchrotron Radiation Facility increased 16 percent year-on-year. [Photo by Li Jing/chinadaily.com.cn] Shanghai is stepping up efforts to open its network of major scientific research facilities to companies as China seeks to strengthen basic research and accelerate the commercialization of advanced technologies. The city has…
Ride-hailing driver at work, May 14, 2026. [Photo/VCG] China is stepping up efforts to improve access to credit for millions of gig workers, with Ding Xiangqun, minister of the National Financial Regulatory Administration, saying the regulator will encourage financial institutions to develop dedicated, inclusive financial products for new employment groups, such as truck drivers, ride-hailing…
The central government unveiled a raft of new measures to consolidate and develop the Hong Kong Special Administrative Region into an international financial center, including increasing the annual investment quota for the southbound Bond Connect from 500 billion yuan ($73.5 billion) to 800 billion yuan and considering issuing central bank bills in the SAR on…
China’s economy has shown resilience so far this year in the face of global energy supply shocks, underpinned by strong high-tech investment and robust exports, said the latest China Economic Update of the World Bank Group. According to the update released on Tuesday, the world’s second-largest economy is expected to expand 4.4 percent in 2026,…
As China-Japan relations remain strained over Japanese Prime Minister Sanae Takaichi’s erroneous remarks on Taiwan and her administration’s accelerated military buildup, Japan’s economy is increasingly feeling the pinch, with critical mineral exports from China plunging, supply chains buckling under pressure and billions in potential GDP losses looming, experts said. What is truly pushing Japanese businesses…
The People’s Bank of China, the country’s central bank, extended its gold-buying streak to 20 months in June, recording its largest monthly increase in the current accumulation cycle as bullion prices retreated from earlier highs. According to central bank data released on Tuesday, the PBOC added 480,000 ounces to China’s official gold reserves last month…
BEIJING — The World Bank on Tuesday released its latest China Economic Update in Beijing, saying that China’s economic growth has remained resilient despite supply-demand imbalances and global energy supply disruptions. The report noted that China’s economy was supported by strong high-tech investment and exports in early 2026, adding that policy support, high-tech investment and…
The People’s Bank of China will increase the allocation of national foreign exchange reserve assets in Hong Kong while expanding the Bond Connect program as part of a broader package of measures to strengthen the city’s role as an international financial center, PBOC Governor Pan Gongsheng said on Tuesday. Speaking at the Hong Kong FIC…
BEIJING — China has finalized and issued its full list of this year’s key construction projects aimed at implementing major national strategies and building security capacity in key areas, the country’s top economic planner said Monday. The National Development and Reform Commission said the third and final batch of such projects for 2026 was issued…