A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] China will strengthen the monitoring of emerging money laundering risks and improve its financial regulatory system to further safeguard financial security, according to a newly amended law. The revised Anti-Money Laundering Law was adopted by the Standing Committee of the National…
This undated photo shows a bird’s eye view of Qianhai of Shenzhen, Guangdong province. [Photo provided to China Daily] Shenzhen’s new carbon trading platform marks a significant step toward China’s push for carbon neutrality, as it will revolutionize carbon trading and set up a comprehensive system to measure and label greenhouse gas emissions in the…
The skyline of Beijing. [Photo/VCG] China’s economy showed early signs of having bottomed out across the board in October, indicating that the country’s ramped-up efforts to revitalize domestic spending against external uncertainties are starting to yield effects, analysts said on Tuesday. They commented as data from media group Caixin pointed to the fastest expansion of…
Employees work on a Volkswagen smart production line in Hefei, Anhui province, in September. [CHEN ZHUO/FOR CHINA DAILY] BEIJING — Foreign investors are becoming increasingly bullish on the Chinese market, bolstered by the country’s recent incremental policies aimed at vitalizing growth momentum. UBS Investment Bank has raised its China 2024 growth forecast to 4.8 percent…
Lululemon’s booth during the 7th China International Import Expo in Shanghai. [ZOU HONG/CHINA DAILY] Athletic apparel brand Lululemon Athletica Inc is banking on China as its top growth engine abroad, planning an expansion that would make the country its second-largest market globally by 2026. With 138 stores in 41 cities, the company is rapidly scaling…
Krishna Srinivasan (left), director of the International Monetary Fund’s Asia and Pacific Department, attends a media conference in Colombo, Sri Lanka, in May 2023. [Photo/Xinhua] WASHINGTON — Asia, which is contributing 60 percent to global growth, is clearly the powerhouse of the global economy, said Krishna Srinivasan, director of the International Monetary Fund’s Asia and…
A view of the booth of Zeiss Group during an expo in Shanghai in 2022. [PHOTO by ZHANG WEI/CHINA DAILY] China’s ongoing reform and opening-up policies have created a vast developmental landscape for German enterprises, particularly in the areas of technology and science, as China has emerged not only as a critical market but also…
A child experiences skiing at a resort in Liaoyuan, Jilin province, in November 2023. LIU DONG/CHINA NEWS SERVICE BEIJING – China aims to promote its ice and snow economy as a new growth point, with the goal of reaching an economic scale of 1.2 trillion yuan ($169 billion) by 2027, according to the guidelines issued…
The beautified exterior of the 136th session of the China Import and Export Fair in Guangzhou, South China’s Guangdong province on Oct 13, 2024. [Photo/VCG] GUANGZHOU – A huge robot made from 20,800 bottle caps waves its arms, turning its head to look around at the children and adults who have gathered to take photos.…
State Grid employees check solar power panels in the Tibet autonomous region. [Photo by SONG WEIXING/FOR CHINA DAILY] China’s first energy law was approved on Friday at the 12th session of the Standing Committee of National People’s Congress, China’s top legislature, and will come into effect on Jan 1, 2025. It includes nine sections, covering…