BEIJING – China’s central bank on Monday said that it will issue 450 billion yuan ($62.5 billion) of one-year medium-term lending facility (MLF) loans on Tuesday, with adjusted rules. Starting this month, the MLF will undertake operations that utilize fixed-quantity, interest-rate bidding and a multiple-price bidding method, the People’s Bank of China said in a…
BEIJING – China will redouble its efforts to improve the quality and expand the capacity of its “silver economy,” namely economic activities related to the country’s large elderly population, vice-minister of Civil Affairs Tang Chengpei said on Monday. These efforts aim to create a positive cycle combining economic development and the improvement of people’s livelihoods,…
BEIJING – Chinese Commerce Minister Wang Wentao met with Apple CEO Tim Cook in Beijing on Monday, according to a statement released by the Ministry of Commerce. During the meeting, the two sides exchanged views on topics including Apple’s business development in China, as well as China-US economic and trade relations. Wang noted that the…
China’s emphasis on advancing the application of fast-evolving artificial intelligence technology in a wide range of industries will inject new momentum into the country’s high-quality economic growth and create enormous opportunities for multinational corporations to invest in the country, said government officials and business executives. Liu Liehong, head of the National Data Administration, said AI…
BEIJING – Chinese Commerce Minister Wang Wentao met with Cristiano Amon, president and CEO of Qualcomm, in Beijing on Monday, according to a statement released by the Ministry of Commerce. During the meeting, the two sides exchanged views on topics including Qualcomm’s business development in China, as well as China-US economic and trade relations. Wang…
Visitors gather at UCB’s booth during the fifth China International Import Expo in Shanghai in November 2022. [Photo provided to China Daily] China’s commitment to foster innovation and advance high-standard opening-up has provided global pharmaceutical companies with broader access to its vast consumer base, enabling them to introduce innovative medical solutions to the world’s second-largest…
China is on track to meet its 2025 growth target, with the economy expected to expand by 5 percent annually, given its continued recovery, a raft of stimulus measures, blossoming emerging industries, and gradual rebound in demand, an expert on economic policy said. Sun Xuegong “China is accelerating its shift toward a technology — and…
China should look beyond short-term stimulus and decisively redistribute incomes to expand consumption, especially by transferring more State-owned wealth to the social welfare system, leading economists and policy researchers said. Now is the time to act, they said, with the latest consumption stimuli, such as the trade-in programs, creating a window to plan for long-term…
[Photo provided to chinadaily.com.cn] The Asian Development Bank has committed $150 million loan to the South Dongting Lake Wetland Ecological Restoration and Sustainable Development Project, which is co-financed in the amount of $65 million equivalent from the French Development Agency. The project is expected to serve as a model for wetland conservation and sustainable development…
“China is the hub of innovation,” Sean Green, president and CEO of BMW Group Region China, said at China Development Forum on Sunday. Spotlighting China’s innovation ecosystem exemplified by tech pioneers such as DeepSeek, he reveals BMW’s “Developed in China for the global market” strategy. By co-creating with local partners to meet the world’s most…