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China’s industrial profits top 5t yuan in first three quarters

Production equipment presses auto parts at a manufacturing base of Wuzheng Group in Wulian county, East China’s Shandong province, March 13, 2024. [Photo/Xinhua] BEIJING – The combined profit of major industrial enterprises in China reached 5.23 trillion yuan ($735.41 billion) in the January-September period, down 3.5 percent year-on-year, the National Bureau of Statistics (NBS) said…

China against latest US’ restrictive investment measures

[Photo/IC] China firmly opposes the discriminatory investment restriction measures imposed by the United States particularly focusing on the high-tech sector, and will take countermeasures if necessary, the Ministry of Commerce said on Wednesday. The US Treasury Department on Oct 29 finalized a new rule meant to prevent US-based individuals and companies from investing in the…

MSC takes delivery of luxury Ro-Pax ferry

Crew members of the “GNV Polaris” pose for photos in front of the Ro-Pax ferry in Guangzhou, South China’s Guangdong province on Oct 24, 2024. [Photo/VCG] Guangzhou Shipyard International Co Ltd (GSI) delivered a new luxury Ro-Pax ferry — GNV Polaris — to Italian company Grandi Navi Veloci (GNV), a ferry operator under MSC Group,…

CIIE’s main venue in Shanghai wears a new look

Bright-colored flowers beautify the south square of the National Exhibition and Convention Center, the main venue for the 7th China International Import Expo, in Shanghai on Oct 29, 2024. [Photo/VCG] The seventh China International Import Expo (CIIE) is scheduled to take place from Nov 5 to Nov 10 in Shanghai. Preparations at the National Exhibition…

ARJ21 jetliner completes its longest commercial route flight

An ARJ21 jet is greeted with a water arch at Guangzhou Baiyun International Airport. [Photo provided to chinadaily.com.cn] GUANGZHOU – China’s homegrown regional jetliner, the ARJ21, successfully completed its longest commercial route flight Tuesday, landing in the southern Chinese city of Guangzhou from Manado, Indonesia. According to the Commercial Aircraft Corporation of China, Ltd (COMAC),…

EU’s protectionist tariffs on Chinese EVs face backlash from industry, officials

A SAIC model is driven into a cargo ship headed to Europe. [Photo provided to chinadaily.com.cn] BRUSSELS – The European Commission on Tuesday announced the imposition of anti-subsidy tariffs on Chinese-made electric vehicles (EVs), a decision that has sparked strong opposition from within the EU and key industry stakeholders. Starting Wednesday, these tariffs will remain…

Agri-food trading center to start construction

Construction of the Guangdong-Hong Kong-Macao Greater Bay Area Agricultural Produce Trading Center will commence after a launch ceremony was held in Guangzhou, capital of Guangdong province, on Tuesday. Located in Zhongluotan township in Guangzhou’s Baiyun district, the center which covers more than 1.3 million square meters will become the largest “vegetable basket” project in the…

China rejects additional EV tariffs imposed by the EU, files complaint

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. [Photo/Xinhua] China does not agree with or accept the European Union’s decision to impose additional tariffs on electric vehicles manufactured in its market, pledging the country will take all necessary measures to safeguard the interests of its companies, said the Ministry of Commerce…

China Eastern Airlines unveils themed aircraft for Asian Winter Games

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Wuxi explores innovative development in low-altitude economy

The 2024 Taihu Bay Wuxi Low-Altitude Economy Innovation and Development Conference opens in Wuxi on Oct 26. [Photo provided to chinadaily.com.cn] The 2024 Taihu Bay Wuxi Low-Altitude Economy Innovation and Development Conference took place in Wuxi, Jiangsu province, on Oct 26, aiming to advance the development of the low-altitude economy in the city. Some significant…