China’s central bank said on Friday that it has authorized Standard Bank, Africa’s largest lender, and the Industrial and Commercial Bank of China to jointly serve as the RMB clearing bank for Africa. This is a significant step by ICBC, China’s largest State-owned commercial bank, to promote the cross-border use of the RMB, support an…
Profits at China’s major industrial firms sustained strong growth momentum in the first five months of the year, buoyed by rapid profit gains in the electronics sector, official data showed on Saturday. Industrial enterprises with annual main business revenue of at least 20 million yuan ($2.93 million) reported total profits of 3.14 trillion yuan, up…
Brazil has formally kicked off plans to issue its first sovereign panda bonds. The planned issuance, worth up to 5 billion yuan ($735 million), would mark the first such move by a Latin American economy. Join us to witness a milestone in China-Brazil financial cooperation. Huang Qi contributed to this story. Tanks to chinadaily.com.cn Please…
Sam Hou-fai, chief executive of the Macao Special Administrative Region, delivers a speech and toast at the welcome dinner of the 13th APEC Tourism Ministerial… Read More »APEC ministerial meeting opens as Macao eyes deeper tourism ties
China will further regulate trademark registration and step up its crackdown on deceptive and misleading trademarks to encourage innovation and support high-quality economic development, according to a newly revised law. The amended Trademark Law was adopted on Friday as the Standing Committee of the National People’s Congress, the country’s top legislative body, concluded its latest…
China’s energy system will become significantly more secure, resilient, and structurally optimized over the next five years, driven by over 20 trillion yuan ($3 trillion) in planned investments for key energy projects and emerging sectors, top authorities said. Wang Hongzhi, head of the National Energy Administration, stated that the nation’s comprehensive energy production capacity will…
Participants gather at the new energy demonstration zone of the 9th China-Eurasia Expo in Urumqi, the capital of Xinjiang Uygur autonomous region. CAI ZENGLE/FOR CHINA DAILY Steady growth in China-Europe and China-Central Asia freight train services, along with industrial upgrading and rising consumer demand in China and other Eurasian countries, is expected to further boost…
Prospects of an inaugural meeting under the China-EU trade and investment consultation mechanism, scheduled for next week, have become increasingly uncertain despite intensive working-level consultations, a Ministry of Commerce source told China Daily on Friday. The uncertainty stems from the European Union’s increasingly protectionist stance toward China and its failure to make any progress in…
Hidden among the mountains of Shangrao in Jiangxi province, Wangxian Valley feels like a scene from a martial arts epic. Traditional hillside houses cascade along… Read More »Wangxian Valley, Shangrao, Jiangxi – Chinadaily.com.cn
China introduced on Friday its first national standards governing interoperability among artificial intelligence agents, seeking to remove technical barriers that have slowed adoption and lay the foundation for an ecosystem of autonomous AI systems capable of securely communicating and collaborating across platforms. The State Administration for Market Regulation approved a seven-part national standard series, establishing…