Potential homebuyers ask queries on housing projects at a real estate agency in Tianjin. [Photo/VCG] TIANJIN – North China’s Tianjin municipality abolished restrictive measures on buying home properties on Wednesday, marking another major Chinese city that has adjusted housing purchase policies to stabilize the real estate market. The city lifted restrictions on purchasing and transferring…
Tourists take a camel ride in Alshaa League, Inner Mongolia autonomous region, on Oct 13. [Photo/Xinhua] More middle-aged and elderly Chinese travelers are venturing out this fall, as they “strategically “choose to take trips on regular days rather than during holidays, thus booking cheaper travel products and avoiding the crowds, industry observers said. After the…
Foreign buyers are seen during the 136th China Import and Export Fair in Guangzhou, South China’s Guangdong province, Oct 15, 2024. The 136th China Import and Export Fair, popularly known as the Canton Fair, kicked off in Guangzhou, the capital of South China’s Guangdong province, on Tuesday. Themed “Serving high-quality development, promoting high-level opening-up,” this…
WeRide’s latest generation of robotaxi, GXR. [Photo provided to chinadaily.com.cn] WeRide, a Guangzhou, Guangdong province-based autonomous driving startup, announced on Tuesday with its latest generation of Level 4 robotaxi GXR, marking one of the world’s most spacious robotaxi models. The new robotaxi offers a vehicle length of over 5 meters and an interior cabin height…
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Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Agencies] BEIJING – China’s central bank conducted 68.3 billion yuan ($9.64 billion) of seven-day reverse repos at an interest rate of 1.5 percent Tuesday. The move aims to keep liquidity in the banking system reasonable and ample, the central…
Dongfang Electric Corp’s assembly line in Fujian province. LIN SHANCHUAN/XINHUA The recent unveiling of a 26-megawatt offshore wind turbine in Fujian province marks a significant milestone for China’s wind energy industry and reflects the country’s growing leadership in renewable energy technology, said industry experts. Dongfang Electric Corp unveiled the 26 MW offshore wind turbine in Fuqing,…
The world’s first 100,000 metric ton integrated wind, solar, hydrogen and biomass green aviation fuel project began construction on Monday, in Heilongjiang province, the operator China Energy Engineering Group Co Ltd (Energy China) said. As the world’s first 100,000 ton level sustainable aviation fuel (SAF) initiative and China’s first demonstration of second-generation sustainable aviation fuel,…
China’s foreign trade grew by 5.3 percent year-on-year to 32.33 trillion yuan ($4.57 trillion) in the first three quarters of 2024, statistics from the General Administration of Customs showed on Monday. In the meantime, the country’s exports surged 6.2 percent on a yearly basis to 18.62 trillion yuan and imports rose 4.1 percent year-on-year to…
The financial district of Pudong New Area. [Photo by Gao Erqiang/China Daily] Securing stable economic growth while maintaining fiscal viability lies at the core of China’s pursuit of national security amid intensified external uncertainties and a lingering real estate downturn, leading economists said. To achieve these goals, they suggested taking decisive measures such as strengthening…