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Mechanism paves way for economic recovery globally

This photo shows a view of the Kazan Kremlin in Kazan, Russia, Oct 20, 2024. [Photo/Xinhua] Greater collaboration and stronger coordination among BRICS countries — Brazil, Russia, India, China and South Africa, as well as other new members — will greatly enhance their economic growth and fortify the multilateral trading system, according to market watchers and…

Import expo to boost openness, market access

The first China-Europe freight train carrying exhibits for the 7th China International Import Expo arrives at Minhang Station in Shanghai on Sunday. FANG ZHE/XINHUA The 7th China International Import Expo, which is scheduled to be held in Shanghai from Nov 5 to 10, is a significant effort by the world’s second-largest economy to enhance its high-level…

Top international fashion brands debut new collections as a vote of confidence in China

Tourists gather at the downtown area of Shanghai. [WANG GANG/FOR CHINA DAILY] SHANGHAI – Top international fashion brands are launching new collections in China’s economic hub Shanghai, a vote of confidence in the country’s consumer market and a sign of the city’s influence on leading fashion trends. Over 8,000 Chinese and foreign guests gathered by…

Zhejiang breaks the $7,000 threshold in per capita disposable income

Visitors watch a performance at a cultural street in Huzhou, East China’s Zhejiang province, on July 12, 2024. [Photo/VCG] East China’s Zhejiang province broke the 50,000 yuan ($7,020) threshold in terms of per capita disposable income for the first time during the Jan-Sept period this year, reaching 52,206 yuan to secure the third spot among…

Central SOEs invest 1.4t yuan in emerging industries in Q1-Q3

A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING – The investment of China’s centrally administrated State-owned enterprises (SOEs) in strategic emerging industries reached 1.4 trillion yuan ($196.6 billion) in the first three quarters of the year, official data showed Tuesday. The investment during the period jumped…

MoU signed on green shipping corridor between Shanghai, Hamburg ports

View of Container Terminal Tollerort of Hamburger Hafen und Logistik AG Ports in Hamburg, Germany. [Photo/Agencies] SHANGHAI – China’s Shanghai Port and the Port of Hamburg, Germany on Tuesday jointly announced the building of a green shipping corridor between the two ports, a move aimed at promoting their green transformation, strengthening cooperation and exchange, and…

Economic cooperation takes center stage at Europe Forum 2024

Wang Hong, Chinese president of CEIBS, delivers a welcome speech at the forum. [Photo provided to chinadaily.com.cn] The China Europe International Business School (CEIBS) has played host to the Europe Forum 2024, a gathering of influential figures from the political, diplomatic, business, and academic spheres of both China and Europe. Held on Oct 22 in both…

North China expands trade via freight rail

Launched on Oct 16, the route marks a new addition to the China-Europe freight railway lines originating from Ulaanqab, and is also the city’s first eastbound route along this line.[Photo/Chinanews.com] With regular freight train service from Qisumu International Logistics Park in Ulaanqab, Inner Mongolia autonomous region, to Moscow now in operation, experts said the new…

Leap in Sino-African ties foreseen

Technicians check out oil exploration facilities at an oilfield in Uganda. [Photo/Xinhua] The current global economic slowdown and shocks to industrial and supply chains have presented China and Africa with a crucial opportunity to scale up mutual cooperation and move it to a higher level, officials and experts said. A shift in China-Africa investment cooperation…

2024 North Bund Forum focuses on green shipping, intl cooperation

The 2024 North Bund Forum opens at the Grand Halls in Shanghai on Oct 22, 2024. [Photo provided to chinadaily.com.cn] The 2024 North Bund Forum, an annual gathering of the international shipping industry, began at the Grand Halls in Shanghai on Oct 22. Themed “Digital, Smart, and Green: Co-creating a New Ecosystem of Global Shipping…