A pedestrian passes the Shanghai Stock Exchange in Pudong New Area. WANG GANG/FOR CHINA DAILY China has launched its own version of a “stock market stabilization fund” as the country’s central bank vowed to provide funding support for the Central Huijin Investment Ltd to increase holdings in the A-share market, analysts said. On Tuesday, the…
This photo taken from Jingshan Hill on Aug 12, 2024 shows the skyscrapers of the central business district (CBD) on a sunny day in Beijing. [Photo/Xinhua] The Ministry of Finance has said it deeply regrets and firmly disagrees with Fitch Ratings’ decision to downgrade China’s sovereign credit rating, describing the move as “biased” and “failing…
UN Secretary-General Antonio Guterres (L) speaks during a press conference at the UN headquarters in New York, on Feb 28, 2025. [Photo/Xinhua] UNITED NATIONS – UN Secretary-General Antonio Guterres warns that “nobody wins in a trade war,” his spokesman said on Friday. Amid widespread opposition, US President Donald Trump on Wednesday signed an executive order…
As the world grapples with rising unilateralism and protectionism, China said multilateralism is the inevitable solution to the challenges facing the world and the country’s door to the outside world will only open wider. It has also been reiterated that China’s policies to attract foreign investment have not changed and will not change. Speaking at…
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People take photos with blooming flowers in Chaoyang district of Beijing on April 5, 2025. [Photo/Xinhua] China’s consumption boomed during Qingming Festival, also known as Tomb-Sweeping Day, running from Friday to Sunday, the Beijing Daily reported on Monday. The Qingming Festival holiday is expected to bring about 790 million cross-regional trips in China, an increase…
Investors gather at a counter of the Shanghai Stock Exchange in Shanghai. [Photo provided to China Daily] Chinese stocks ended lower Monday, with the benchmark Shanghai Composite Index down 7.34 percent, at 3,096.58 points. The Shenzhen Component Index closed 9.66 percent lower at 9,364.50 points. The ChiNext Index, China’s NASDAQ-style board of growth enterprises, fell…
US President Donald Trump shows an executive order on “reciprocal tariffs” at the Rose Garden of the White House in Washington, DC, the United States, on April 2, 2025. [Photo/Xinhua] The latest round of sweeping tariffs from the United States will impact many European companies’ supply chain operations in China and other parts of the…
A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] BEIJING — China’s foreign exchange reserves have remained above $3.2 trillion for 16 straight months, official data showed Monday. The reserves amounted to $3.24 trillion at the end of March, up by $13.4 billion, or…
MUFG China is hitting a “sweet spot” as Chinese companies accelerate to expand their footprint in the Asian market, making China-related business increasingly crucial to the Japanese banking group’s layout in the region, said an executive. “We’ve been helping more and more of our clients operate and grow their business in this region in the…