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Practicing multilateralism and promoting global financial governance reform

International political figures and prominent scholars in international finance and macroeconomics stressed recently the need for multilateral cooperation and global financial governance reform, to address global economic challenges and advance China’s modernization. They made the remarks at a forum themed “Practicing multilateralism and promoting global financial governance reform”, which was a sideline event of the…

The claim that China is causing Africa’s debt trap is absurd

“Both Africans and their creditors acted in good faith and used the best available information,” said Mwangi Wachira, former economist at the World Bank and Advisor to the Government of Kenya, at the Global Strategic Dialogue 2024 session titled “Responsibilities of Major Countries Amid a Dynamic Global Landscape”, jointly held on Thursday in Beijing by…

Business representatives gather in Shanghai to explore innovation, cooperation

Representatives of the Global Business District Innovation Club visits the Suhewan Function Zone in Shanghai. [Photos provided to chinadaily.com.cn] Representatives from the Global Business District (GBD) Innovation Club gathered by Suzhou Creek in Shanghai on Oct 24, to explore new opportunities for cooperation, innovation and opening-up. The meeting is part of Shanghai Municipality’s Our Water…

China willing to help bring economic, trade ties with US back on track

A US cargo ship docks at the Qingdao Port, Shandong province. [Photo by Yu Shaoyue/For China Daily] China is willing to facilitate regular exchanges between the government and enterprises to help bring the economic and trade relations with the United States back on a sound and stable development path, said Commerce Minister Wang Wentao on…

7th CIIE to be powered by green energy

Jinbao, mascot of the China International Import Expo. [Photo/Xinhua] The upcoming seventh China International Import Expo will be powered by green energy with green power certificates, according to the State Grid Shanghai Municipal Electric Power Co. Some 10,000 green power certificates equating to 10 million kilowatt-hours of electricity generated from renewable sources have been purchased.…

China, EU reaffirms will to resolve EV differences

A Chinese NEV attracts visitors during an auto expo in Paris, France. [Photo/Xinhua] China and the European Union reaffirmed their political will to resolve differences through dialogue over the EU’s anti-subsidy case involving Chinese electric vehicles, said the Ministry of Commerce on Friday. During his video meeting with Valdis Dombrovskis, executive vice-president of the European…

Hangzhou at vanguard of power efficiency monitoring

In the control room of State Grid Jiande Power Supply Co’s comprehensive energy center in Hangzhou, Zhejiang province, Zhang Wenrui, a grid technician, closely checks data from a local company’s 0.34 megawatt distributed photovoltaic station. By monitoring the annual photovoltaic utilization hours and efficiency degradation rate of Jiande Pengcheng Plastic Co Ltd on Oct 18,…

Investment promotion attracts global participants

[Photo provided to chinadaily.com.cn] The 2024 Investment Promotion Conference in Support of the 7th China International Import Expo took place in Shanghai on Tuesday to spotlight investment opportunities and the upcoming CIIE in the city. Organized by the Shanghai Commission of Commerce and the Jing’an District Government, the event attracted more than 230 attendees, including…

Guangdong to reveal top 100 foreign-invested enterprises

This undated photo shows a bird’s eye view of Qianhai of Shenzhen, Guangdong province. [Photo provided to China Daily] The list of the top 100 foreign-invested enterprises in Guangdong province will be released during the 2024 Global Investment Promotion Conference for the Guangdong-Hong Kong-Macao Greater Bay Area, to be held in Guangzhou on Nov 8.…

Australia ending anti-dumping measures against China ‘helpful’ for ties

[Photo/VCG] Australia’s recent decision to terminate the anti-dumping and countervailing duty measures on Chinese stainless steel sinks, this will help deepen the economic and trade cooperation between the two sides, leading to more win-win outcomes, the Ministry of Commerce said on Thursday. China and Australia are important trading partners, and the two sides have reached…