File photo shows an exterior view of the People’s Bank of China in Beijing, capital of China. [Photo/Xinhua] BEIJING — China’s foreign exchange reserves totaled 3.2882 trillion US dollars as of the end of August, up by 31.8 billion dollars, or 0.98 percent compared to the end of July, official data showed Saturday. China’s foreign exchange…
In a recent interview with #ChinaPerspectives, Ye Hailin, dean of China-Africa Institute at the Chinese Academy of Social Sciences, said that some Western media outlets are attempting to hype up the narratives of “neo-colonialism” and the “debt trap diplomacy” regarding China’s engagement in Africa. This actually shows that the West is undergoing economic setbacks in…
Eyeing advanced use of more green power, China’s leading beverage producer, Wahaha Group, recently initiated a series of maintenance operations for its solar power station in Wenzhou, Zhejiang province. The photovoltaic, or PV, plant, with an installed capacity of 4,692 kilowatts, is expected to generate approximately 4.6 million kilowatt-hours of energy annually. The adoption of…
Volunteers grind coffee beans with students, at a permanent pavilion of China-Africa Economic and Trade Expo, in Changsha, Hunan province, Aug 31, 2024. [Photo/Xinhua] Jing Jianhua remembers clearly that the second China-Africa Economic and Trade Expo in Changsha, Hunan province, began on Sept. 26, 2021, because it coincided with the opening of his shop featuring…
A phosphate and coal chemical integration project located in Southwest China’s Guizhou province, the largest industrial project in the province’s history, will further transform local resource strengths into industrial and economic advantages, experts say. With a total investment of approximately 73 billion yuan ($10.25 billion), the project, once operational, is expected to achieve an annual…
The 8th Conference of Chinese and African Entrepreneurs held in Beijing on Sept 6, 2024. [Photo/Xinhua] China and Africa are set to take their economic and trade partnership to greater heights, with advancing mutual openness, bolstering industrial integration and fostering cooperation in emerging sectors high on the agenda, Premier Li Qiang said on Friday. Entrepreneurs…
A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] China should effect more monetary and fiscal policy measures so that its ongoing economic recovery can sit on firmer ground, said officials and industry experts. During a news conference on Thursday, Zou Lan, head of the monetary policy department of the People’s…
Domestic car brands in China have narrowed the quality gap with international marques, according to a J.D. Power study released on Thursday. The China Initial Quality Study, now in its 25th year, measures initial vehicle quality by examining problems experienced by new-vehicle owners within the first two to six months of ownership. The study measures…
Valeo CEO Christophe Périllat poses for a photo in a celebratory event in Zhejiang province on Sept 5, 2024. [Photo provided to chinadaily.com.cn] Valeo is committed to its development in China, where it is developing, testing and introducing innovative products and technologies, said CEO Christophe Périllat. Périllat made the remarks at an event in Zhejiang…
People visit the 2024 Consumer Technology and Innovation Exhibition, which kicked off at the Shanghai New International Expo Center on June 13, 2024. [Photo provided to chinadaily.com.cn] China’s metaverse-related industry is expected to grow fast in the next three years, thanks to continuing maturity and the application of key technologies including 5G, artificial intelligence, blockchain,…