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82 projects signed at logistics development conference in Sichuan

Eighty-two logistics industry projects worth nearly 38.4 billion yuan ($5.4 billion) were signed on Friday at the 2024 China (Guangyuan) Logistics Industry Development Conference in Guangyuan, Sichuan province. [Gao Zhinong/For China Daily.] Eighty-two logistics industry projects worth almost 38.4 billion yuan ($5.4 billion) were signed on Friday at the 2024 China (Guangyuan) Logistics Industry Development…

China-made Audi A6L delivered to Cyprus embassy

Michael Arndt, head of FAW Audi Sales Co, presents the key to an Audi A6L to Frances Galatia Lanitou Williams, the ambassador of Cyprus to China, in Beijing on Oct 23, 2024. [Photo provided to chinadaily.com.cn] An Audi A6L, manufactured in Changchun, Jilin province, was handed over to the Cyprus Embassy in Beijing on Wednesday…

Business representatives gather in Shanghai to explore innovation, cooperation

Representatives of the Global Business District Innovation Club visits the Suhewan Function Zone in Shanghai. [Photos provided to chinadaily.com.cn] Representatives from the Global Business District (GBD) Innovation Club gathered by Suzhou Creek in Shanghai on Oct 24, to explore new opportunities for cooperation, innovation and opening-up. The meeting is part of Shanghai Municipality’s Our Water…

China willing to help bring economic, trade ties with US back on track

A US cargo ship docks at the Qingdao Port, Shandong province. [Photo by Yu Shaoyue/For China Daily] China is willing to facilitate regular exchanges between the government and enterprises to help bring the economic and trade relations with the United States back on a sound and stable development path, said Commerce Minister Wang Wentao on…

7th CIIE to be powered by green energy

Jinbao, mascot of the China International Import Expo. [Photo/Xinhua] The upcoming seventh China International Import Expo will be powered by green energy with green power certificates, according to the State Grid Shanghai Municipal Electric Power Co. Some 10,000 green power certificates equating to 10 million kilowatt-hours of electricity generated from renewable sources have been purchased.…

China’s forex market sees active trading in first three quarters

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China’s Anhui province. [Photo/IC] BEIJING — China’s foreign exchange market recorded active trading during the first nine months of this year, demonstrating strong resilience with market expectations and transactions remaining generally…

China, EU reaffirms will to resolve EV differences

A Chinese NEV attracts visitors during an auto expo in Paris, France. [Photo/Xinhua] China and the European Union reaffirmed their political will to resolve differences through dialogue over the EU’s anti-subsidy case involving Chinese electric vehicles, said the Ministry of Commerce on Friday. During his video meeting with Valdis Dombrovskis, executive vice-president of the European…

Chinese banks report forex settlement deficit in first three quarters

Currencies of different countries. [Photo/Sipa] BEIJING – China’s commercial banks saw a forex settlement deficit of $121.3 billion in the first three quarters of this year, official data showed Tuesday. Since the beginning of this year, China’s cross-border capital flows have been moving toward an equilibrium, said Li Hongyan, deputy head of the State Administration…

China conducts 700b yuan MLF to inject liquidity

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – China’s central bank on Friday conducted a 700-billion-yuan ($98.5 billion) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the banking system. The MLF operation has a one-year maturity with an interest rate of 2 percent,…