A bird’s eye view of the BASF Zhanjiang Verbund site. [Photo provided to chinadaily.com.cn] Zhanjiang in Guangdong province is accelerating the construction of a modern coastal economic belt and a provincial subcenter city with high standards. Yu Gang, Party secretary of Zhanjiang, said the city would also advance cooperation with Hainan island, the country’s biggest…
Editor’s note: This year marks the 40th anniversary of the launch of China’s reform and opening-up policy. China Daily profiles people who experienced or witnessed the important drive. Esteemed author says nation’s development model can be a blueprint for emerging economies China’s rapid growth since the reform and opening-up process began in 1978 has not…
The added value of Shanghai’s financial industry jumped 6.9 percent year-on-year to 659.12 billion yuan ($89.9 billion) in the first three quarters of 2024, Zhou Xiaoquan, executive deputy director of Shanghai Municipal Bureau of Finance, said at a news conference on Thursday. The growth rate was 1.7 percentage points higher than the average number of…
China Southern Airlines signs a codeshare agreement with Air Serbia to enhance air connectivity between China and the European nation. [Photo provided to chinadaily.com.cn] China Southern Airlines, one of the country’s three major airlines, has recently signed a codeshare agreement with Air Serbia to enhance air connectivity between China and the European nation. According to…
BEIJING — China unveiled an action plan on Wednesday detailing subsidy measures for purchasing new smartphones and other digital products, which covers products of both domestic and foreign brands. Under the plan, individual consumers purchasing smartphones, tablets, smartwatches or wristbands priced below 6,000 yuan (about $834.6) per item will receive a subsidy covering 15 percent…
Home appliance giant Midea Group set up a new industrial internet platform and a new brand for artificial intelligence-based home appliances on Oct 19, as part of the company’s plans to upgrade its business. The industrial internet platform will help Midea, based in South China’s Guangdong province, to become the country’s first independent industrial internet…
China, in response to domestic industry’s application, will launch probe into the United States mature process chip exports to China at low prices, pursuant to China’s laws and regulations, as well as the rules of the World Trade Organization, the Ministry of Commerce said on Thursday. Domestic players in China’s semiconductor industry have reported that…
Preliminary findings of China’s investigation into PVH Corp, a United States clothing company that owns brands such as Tommy Hilfiger and Calvin Klein, showed that the company engaged in “improper” conduct related to Xinjiang Uyghur autonomous region, the Ministry of Commerce said on Thursday. The probe into PVH Corp under the unreliable entity list mechanism…
Shanghai is expected to invest 240 billion yuan ($32.74 billion) in major construction projects in 2025, according to the Shanghai Municipal Government Work Report delivered by Mayor Gong Zheng. He made the remarks during the third Session of the 16th Shanghai Municipal People’s Congress which opened on Jan 15 at the Shanghai Expo Center. The…
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