A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] With the United States appearing to be poised for interest rate cuts starting September, Chinese policymakers should strengthen monitoring of capital flows and prepare contingency plans against any potential sharp renminbi appreciation, analysts said. While a…
The expression “consolidating the foundation and boosting vitality” has been attracting market attention recently, after Chinese authorities said during a news conference that the country will stabilize economic growth in such a manner. First-half data may provide deeper insight. First, the 5 percent economic growth was achieved during a period of transitioning between old and…
A SAIC model is driven into a cargo ship headed to Europe. [Photo provided to chinadaily.com.cn] BEIJING – The China Association of Automobile Manufacturers (CAAM) on Wednesday expressed strong dissatisfaction and firm opposition to the European Commission’s plan to slap hefty import duties on Chinese electric vehicles (EVs). Last month, the commission imposed provisional additional…
Travel bookings have entered the peak season in China, weeks ahead of the Spring Festival holiday, which falls on Feb 10 to 17. Data from Meituan and Dianping, China’s major on-demand services providers, showed during Feb 9 to 17 tourism bookings, including home-stay hotels, scenic spot tickets and transportation tickets, increased about seven times over…
A delivery drone heads for the Badaling section of the Great Wall in Beijing on Friday. WU YIBIN/FOR CHINA DAILY Fancy some steamed buns or sandwiches to beat the hunger pangs when hiking on the Great Wall? Look no further than e-commerce platform Meituan, which is combining an innovative service model with cutting-edge drone technology…
An automated impeller production line of Goldwind Science & Technology Co Ltd, in Dabancheng, Northwest China’s Xinjiang Uygur autonomous region. [Photo provided to chinadaily.com.cn] Goldwind Science & Technology Co Ltd, a Chinese wind turbine manufacturer located in Northwest China’s Xinjiang Uygur autonomous region, continues to integrate digital technology into its production, expand the company’s footprint…
[Photo/VCG] BEIJING – China’s National Development Bank (NDB), a key policy bank, has successfully released 12 billion yuan ($1.7 billion) in the form of three-year green financial bonds, with an issuance rate of 1.63 percent, which have attracted a wide variety of investors. The NDB has now reached a cumulative total of 189 billion yuan…
Engineers of China Railway 20th Bureau Group Corp conduct elevation measurements for asphalt road markings on a section of the Ntui-Mankim Highway project in Cameroon in late July. [Photo/China Daily] It was a busy weekday morning in late August for truck driver Osman Ngoh as the Cameroonian went about guiding workers while they loaded ebony…
Chinese automaker Chang’an and Chinese tech giant Huawei sign a comprehensive strategic cooperation agreement on Aug 20 in Chongqing. According to the agreement, Avatr, a Chang’an-affiliated NEV company, will acquire a 10 percent stake in Huawei’s smart auto business Yinwang for 11.5 billion yuan ($1.6 billion). [Photo provided to chinadaily.com.cn] Chinese automaker Chang’an and tech…
South China’s Guangdong province ranked first for the 35th consecutive year in terms of economic aggregate in 2023, according to a report by Economic View. Jiangsu and Shandong provinces took the second and third places on the GDP ranking list of Chinese regions for 2023. A total of 17 provincial-level regions’ performance outpaced the national…