A view of the Huangpu River in Shanghai. [Photo/VCG] Cross-border renminbi settlement realized in Shanghai hit a record high of 29.8 trillion yuan ($4.1 trillion) in 2024, People’s Bank of China Shanghai head office said on Wednesday. Shanghai accounted for 47 percent of China’s total cross-border RMB settlement last year, according to Ge Qing, director…
The Land Aircraft Carrier, the world’s first large-scale mass-produced modular flying car, debuts in Haikou, Hainan province, on Tuesday. [Photo provided to chinadaily.com.cn] Xpeng Aeroht, the flying car venture of Chinese electric carmaker Xpeng, has joined forces with Hainan province to introduce the “aerial round-the-island scenic highway”, ushering in a new era of island-wide flying…
Vice-Premier Ding Xuexiang has called for the improvement of global governance on Artificial Intelligence to ensure it replicates “Ali Baba’s cave” filled with treasure, rather than “Pandora’s box” of uncontrollable risks. Ding made the remarks on Tuesday in response to questions from Klaus Schwab, founder of the World Economic Forum, at the WEF Annual Meeting…
Tianjin intangible cultural heritage artists presented “Fu”, representing happiness and good luck, to participants at the hall of the World Economic Forum Conference Center in Davos, Switzerland, on Jan 21, 2025. [Photo by Xing Yi/chinadaily.com.cn] The Tianjin municipal government hosted the “Tianjin Night” activity at the hall of the World Economic Forum Conference Center in…
Shanghai Stock Exchange released on Jan 17 a set of two documents concerning sustainability reporting guidance, aiming to drive listed companies’ high-quality environmental, social, and governance (ESG) reporting. The two documents provide sample disclosures, which will help companies to build a corporate structure and management process facilitating their sustainable growth. Companies will also be guided…
Ren Hongbin, chairman of the China Council for the Promotion of International Trade, addresses the 2025 Thailand-China Economic and Trade Cooperation Forum and the 3rd China International Supply Chain Expo Thailand Roadshow in Bangkok, Thailand on Jan 21, 2025. [Photo/Xinhua] BANGKOK — A delegation of Chinese entrepreneurs visited Thailand from Saturday to Tuesday to promote…
BEIJING — China’s non-financial outbound direct investment (ODI) rose 10.5 percent year-on-year in 2024, further solidifying its position as a major player in outward investment, data released Tuesday by the Ministry of Commerce shows. Total non-financial ODI of the country amounted to $143.85 billion last year, according to data revealed at a meeting on China’s…
Chinese Vice-Premier Ding Xuexiang on Tuesday delivered a special address at the World Economic Forum Annual Meeting 2025 in Davos, Switzerland. [Photo/Xinhua] DAVOS, Switzerland — Chinese Vice-Premier Ding Xuexiang on Tuesday delivered a special address at the World Economic Forum Annual Meeting 2025 in Davos, Switzerland. The following is the full text of the speech…
The new US administration’s intention to impose massive tariffs on China and other trading partners risks undermining its commitment to fighting inflation, potentially heightening the costs for consumers in the United States while slowing US economic growth, economists and analysts said. They added that China is poised to respond to tariff uncertainties with continuous, measured…
A Libyan businessman is in negotiations with a vendor to purchase authentic flowers at the Yiwu International Trade Market in Yiwu city, Zhejiang province, on Jan 15, 2025. He has run his business in Yiwu for two decades. [Photo by Shi Bufa/for chinadaily.com.cn] Being a paramount supplier of cross-border e-commerce platforms in China, Yiwu is…