BEIJING – Chinese authorities are mulling the nationwide expansion of a pilot cash-pooling program that integrates domestic and foreign currency management for large multinational enterprises, according to a draft regulation released on Tuesday to solicit public opinion. A cash-pooling policy framework that integrates domestic and foreign currency management will be established to facilitate the transfer…
BEIJING — China on Tuesday unveiled a plan to strengthen financial services for technology-based enterprises, as part of the country’s efforts to promote integrated advancements in technological and industrial innovation. The plan, jointly issued by the National Financial Regulatory Administration, the Ministry of Science and Technology and the National Development and Reform Commission, outlines measures…
[Photo provided to chinadaily.com.cn] The China Equipment Technology City (Deyang) Promotion Conference projects signing ceremony in the Guangdong-Hong Kong-Macao Greater Bay Area (Shenzhen) kicked off on March 26 in Shenzhen, Guangdong province. The event attracted participation from more than 300 companies and institutions. Huang Chaoyang, deputy secretary of the CPC Deyang Municipal Committee and mayor…
BEIJING – China recently held a hearing regarding a safeguard investigation on imported beef, according to the Ministry of Commerce on Tuesday. The hearing was held at the request of relevant stakeholders and in accordance with working procedures, the ministry said in response to an inquiry. Around 180 representatives attended the hearing on Monday, according…
(FILES) A cargo ship and tugboat sail through the Cocoli Locks at the Panama Canal, in Panama, on August 12, 2024. [Photo/Agencies] China’s top market regulator said on Friday it will carry out an antitrust review of CK Hutchison’s possible Panama Canal ports’ deal in accordance with laws to ensure fair market competition and protect…
A shopper browses Japanese goods at a sales exhibition of products from China, Japan and South Korea, in Qingdao, Shandong province. WANG HAIBIN/FOR CHINA DAILY Amid tariff increases by the United States and growing economic fragmentation worldwide, China, Japan and South Korea — three manufacturing powerhouses that depend heavily on foreign trade — are likely to…
China’s major State-owned commercial banks plan to raise up to 520 billion yuan ($71.7 billion) via private placements from investors, including the finance ministry, a forward-looking move which analysts said will help forestall financial risks and better support the real economy. The fundraising aims to replenish core tier-1 capital — the core capital held in…
A bird’s-eye view of mascots of China International Consumer Products Expo. [Photo/VCG] The upcoming fifth China International Consumer Products Expo, to be held from April 13 to 18 in Haikou, Hainan province, is expected to attract the highest number of participants compared with past editions, which points to the confidence of global consumer enterprises in…
Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University. [Photo provided to China Daily] The prevailing view in Washington that China poses a threat to the United States is a mistake with dangerous consequences, a senior US economist warned. This flawed approach, if left unchecked, risks becoming “a self-fulfilling prophecy of conflict”…
Share – WeChat This photo taken on March 28, 2025 shows the Shougang International Convention and Exhibition Center in Beijing, capital of China. The China Science Fiction Convention 2025 kicked off in Beijing on Friday, with opening ceremony, forums, competition events, industry promotional events and mass activities scheduled. [Photo/Xinhua] Tanks to chinadaily.com.cn Please visit: Our…