Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. [Photo/Agencies] The National Financial Regulatory Administration will strengthen efforts to promote reforms and risk controls among small and medium-sized financial institutions, support stable development of the real estate sector and enhance financial regulation — among other tasks — to propel…
An aerial drone photo taken on July 3, 2024 shows a fully automated container terminal of Qingdao Port in operation in Shandong province. [Photo/Xinhua] China is taking solid steps, including accelerating the introduction of a new, shortened negative list for market access, to optimize the business environment and inject strong impetus into the economy, officials…
The European Union’s plan to impose definitive countervailing duties on imports of electric vehicles from China is likely to weaken Chinese investors’ confidence in Europe and hinder the growth of the global green industry, said market watchers and industry leaders on Wednesday. The European Commission, the EU’s executive arm, said on Tuesday that it plans…
A total of 33 companies from China made the 2023 Hurun Global 500 with five new comers, namely Li Auto, Kuaishou, Anta, Luxshare Precision and Haier Smart Home, according to a report by Hurun Research Institute. Tencent and Alibaba took the second and third spots on the list followed by ByteDance and Pinduoduo. Let’s take…
A UBTech humanoid robot demonstrates its capabilities on a model of a factory assembly line, at the World Robot Conference in Beijing. FLORENCE LO/REUTERS UBTech Robotics is confident that its humanoid robots will achieve widespread factory applications within three years, a top executive of the Chinese artificial intelligence and humanoid robotics company said on…
A poster of the film Alien: Romulus. [Photo provided to chinadaily.com.cn] China’s 2024 summer box office — from June 1 to Aug 31 — grossed 11.64 billion yuan ($1.63 billion), having a total of 285 million admissions, according to statistics from the National Film Administration. Domestic films accounted for 8.48 billion yuan, representing 72.84 percent of…
In a recent interview with China Perspectives, Zhang Ming, deputy director of the Institute of Finance & Banking at the Chinese Academy of Social Sciences, said that compared with the past, it is true that the probability of the Chinese central government providing direct support to low and middle-income groups has increased notably. Zhang suggested…
Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. [Photo/Agencies] BEIJING – China’s banks have seen steady asset expansion since the start of the year, an official with the country’s financial regulator said on Wednesday. The assets of financial institutions in China’s banking sector grew 7 percent year-on-year to…
The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024. [Photo/CFP] China should further bolster its economy by stepping up fiscal and monetary policy support, including raising the budget deficit and effecting more cuts in the reserve requirement ratio…
A poster for an MG-4 EV, a brand of Chinese state-owned carmaker SAIC, is displayed at a car showroom in Santander, Spain, June 13, 2024. [REUTERS/Vincent West] BEIJING – SAIC Motor, a major Chinese carmaker, said it will take further legal action to defend its rights and interests if necessary as the European Commission will…