[Photo/VCG] China will unveil a series of new measures aimed at promoting the development of the country’s venture capital industry, recognizing its vital role in driving technological innovation, industrial upgrading and high-quality economic growth, the State Council, the country’s Cabinet, said on Wednesday. A reform package will be rolled out aimed at addressing the pain…
A visitor walks past a Chinese automaker’s BYD’s Seal U plug-in hybrid vehicle at a car exhibition held in Spain, Sept 13, 2024. [Photo/Xinhua] In response to the European Union’s anti-subsidy investigation into Chinese-made battery electric vehicles, China has vowed to continue negotiation efforts until the very last moment to resolve the matter, said Chinese…
In a recent interview with ChinaPerspectives, Huang Hanquan, head of the Chinese Academy of Macroeconomic Research, said that boosting people’s willingness to spend money will be a challenge for China’s steady economic growth in the second half of the year, adding that lackluster consumer demand remains the core problem. He said it is advisable for…
Leading companies from 25 countries and regions will participate in the third Global Digital Trade Expo, which will take place in Hangzhou, Zhejiang province, said Tang Wenhong, assistant minister of commerce, at a news conference in Beijing on Sept 18, 2024. [Photo/Xinhua] The third Global Digital Trade Expo, which will take place in Hangzhou, capital…
BEIJING – China’s express delivery volume surged in the just-finished Mid-Autumn Festival holiday due partly to the increasing demand for mooncakes, seafood and fruits. The State Post Bureau (SPB) said that during the three-day holiday ending Tuesday, nearly 1.41 billion parcels were delivered by some 4 million couriers across the country, up 45.7 percent from…
Tourists watch a dragon dance performance at Lee Tung street, Hong Kong, Sept 17, 2024. [Photo/Xinhua] BEIJING – China saw a total of nearly 5.26 million cross-border trips during the three-day Mid-Autumn Festival holiday, according to official data. The average daily number of cross-border trips exceeded 1.75 million, marking an 18.6 percent year-on-year increase, the…
Visitors learn about FTXT products at the IAA Transportation 2024 held in Hanover, Germany. [Photo provided to chinadaily.com.cn] Chinese hydrogen energy technology company FTXT is displaying its latest products at the IAA Transportation 2024 held in Hanover, Germany. Running from Sept 16 to 22, the event has attracted the participation of over 2,300 commercial vehicle…
A moviegoer walks past posters for films that are screening at a movie theater in Shanghai on Sept 17, 2024. [Photo/VCG] BEIJING – China’s box office revenue for the Mid-Autumn Festival holiday, which lasted three days until Tuesday, reached 389 million yuan ($54.89 million), according to data released by the China Film Administration on Wednesday.…
Employees work on the production line of Changan’s premium Avatr marque in Chongqing. LI QIANLEI/XINHUA BANGKOK – Chinese automaker Changan Automobile officially launched its premium electric vehicle (EV) brand AVATR in Thailand on Tuesday in a move to expand its presence in the Southeast Asian country’s upscale automotive market. The event showcased the debut of…
Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Agencies] BEIJING – China’s central bank conducted 568.2 billion yuan ($80.17 billion) of seven-day reverse repos at an interest rate of 1.7 percent Wednesday. The move aims to offset the impact brought by the expiration of the medium-term lending…