Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Agencies] China raised the macro-prudential adjustment parameter for cross-border financing of corporates and financial institutions to 1.75 from 1.5 on Monday, this move will help boost confidence in the yuan, China’s currency, experts said. The People’s Bank of China,…
BEIJING — The sales revenue of consumer goods under China’s policy-backed trade-in program has surpassed 1.3 trillion yuan ($180.85 billion), data from China’s Ministry of Commerce showed on Wednesday. Green and smart products are in high demand, with retail sales of new energy vehicles increasing more than 40 percent in 2024, according to the ministry.…
Attendees visit the booth of BOE to understand the company’s plans for smart cars during the 2025 CES in Las Vegas, the United States, on Jan 7. ZENG HUI/XINHUA Intelligent terminal devices powered by artificial intelligence are expected to become a key growth driver for the global consumer electronics industry going forward, industry experts said.…
CAI MENG/CHINA DAILY China’s first energy law, which took effect on Jan 1, marks a milestone in the country’s energy transition. It signifies the establishment of a foundational legal framework for the energy sector with the energy law as its cornerstone, supported by specific laws such as the electricity law, coal law, renewable energy law…
London-based Shell will further ramp up its presence in China by expanding its petrochemical complex in Daya Bay of Guangdong province’s Huizhou, the global oil giant announced on Wednesday. The expansion, which is expected to be completed in 2028, will ensure further value creation by increasing exposure to high-value differentiated products primarily for the fast-growing…
Share – WeChat Thanks to Chinadaily.com.cn Please visit: Our Sponsor
A businessman from Pakistan introduces products to visitors during the 2018 China International Winter Trade Fair for Tropical Agricultural Products in Haikou, Hainan province, on Dec 16. Yang Guanyu / Xinhua European Commission OKs insurance deal Chinese reinsurer China Re won approval from the European Commission on Dec 18 for its $865 million (759…
MA XUEJING/CHINA DAILY The implementation of a private pension program nationwide will serve as an important driver for the increased maturity of Chinese capital markets, but there is still room for it to attract more users with a willingness to open accounts and invest, said experts. According to a notice jointly released by five central…
A view of the Huangpu River in Shanghai. [Photo/VCG] China will continue to relax market access, expand institutional openness and foster a more enabling business climate, in order to better attract and utilize foreign investment, especially in the face of rising global protectionism and escalating geopolitical tensions, officials and experts said on Wednesday. As persistent…
“We are proud to deliver, on time, … CRRC’s first subway cars built in the United States.” JIA BO, chairman and president of China Railroad Rolling Stock Corp. “Major bike-sharing participants like Ofo invested heavily in the rapid market expansion and left less room for refined management and maintenance, making it difficult to drive to…