An employee sorts gold ornaments at a jewelry shop in Lianyungang, Jiangsu province. [PHOTO by SI WEI/FOR CHINA DAILY] China’s mined gold output in the first three quarters of 2024 fell by 1.17 percent from 2023 to 268.07 metric tons, while gold consumption slid 11.18 percent year-on-year to 741.73 tons, the China Gold Association said…
Zeekr, owned by Chinese car giant Geely, launched a five-seat family car called Zeekr MIX, on Wednesday. Available in two variants, the MPV is priced at 279,900 yuan ($39,360) and 299,900 yuan respectively. Of its features the most striking ones are its interior space, thanks to its wheelbase of more than 3 meters and the…
Bright-colored flowers beautify the south square of the National Exhibition and Convention Center, the main venue for the 7th China International Import Expo, in Shanghai on Oct 29, 2024. [Photo/VCG] Multinational pharmaceutical and medical equipment companies will bring a variety of innovative medical solutions that integrate cutting-edge technologies and clinical insights to the seventh China…
China First Automobile Works (FAW) has developed a 1700V SiC power module, which is expected to advance EV charging systems toward ultra-high voltage platforms and reduce charging time to 5 minutes. [Photo provided to chinadaily.com.cn] China First Automobile Works (FAW) has developed a 1700V SiC power module, which is expected to advance EV charging systems…
An employee sorts gold ornaments at a jewelry shop in Lianyungang, Jiangsu province. [PHOTO by SI WEI/FOR CHINA DAILY] The value of global gold demand jumped 35 percent year-on-year to exceed $100 billion for the first time ever in history in the third quarter, the World Gold Council said on Wednesday. Global gold exchange-traded-fund inflows…
A SAIC model is driven into a cargo ship headed to Europe. [Photo provided to chinadaily.com.cn] China does not acknowledge or accept the European Union’s final ruling to impose additional tariffs on electric vehicles manufactured in the Chinese market, the Ministry of Commerce said on Wednesday, vowing to take all necessary measures to protect the…
People visit Tuguachong village in Qujing city, Southwest China’s Yunnan province, on Oct 30, 2024. [Photo/Xinhua] Thanks to the development of the tourism industry, a hollow village has turned into a hot spot for tourists in Malong district, Qujing city, Southwest China’s Yunnan province. A few years ago, affected by the migration of labor for…
The logo of Meta Platforms’ business group. [Photo/Agencies] SAN FRANCISCO — US social media giant Meta Platforms, Inc on Wednesday reported financial results for the third quarter ending Sept 30, with a total quarterly revenue of $40.59 billion, a 19 percent increase year-on-year. The company’s quarterly net income increased to $15.69 billion, up 35 percent…
CAI MENG/CHINA DAILY While China’s central regulators have clearly expressed their support for capital inflows from long-term funds, the performance of late is less satisfactory. For example, China’s pension and insurance capital funds only direct 10 to 20 percent of their capital to equity investment. This level is much lower than the international average of…
China will step up countercyclical adjustments of its macro policies to bolster economic recovery in the fourth quarter, which will lay a solid foundation for achieving the annual growth target of around 5 percent this year, said officials and economists. Investors are closely watching for clues on new incremental policies as the recently announced stimulus…