A view of the booth of Bank of China during an expo in Fuzhou, Fujian province. CHEN BIN/FOR CHINA DAILY BEIJING — Bank of China will step up financial support to bolster high-quality development of private enterprises and facilitate their overseas expansion, as the private sector serves as a key engine driving China’s economic development. The…
Volunteers celebrate the Chongyang (Double Ninth) Festival at a community in Luoyang, Henan province, on Oct 10.The Chongyang Festival is dedicated to paying respect for the elderly. HUANG ZHENGWEI/FOR CHINA DAILY When a 78-year-old quantum physics professor goes viral “dissecting “Schroedinger’s cat on short-video platform Douyin, when silver-haired models from Hangzhou, Zhejiang province, strut defiantly…
A visitor inspects SAIC’s MG Cyberster electric sports car at the Everything Electric show in Sydney on March 7. MA PING/XINHUA Chinese electric vehicle manufacturers are gearing up for accelerated growth in the Australian market, as Canberra ramps up regulatory measures to smooth the country’s transition to greener transportation. At the recent Everything Electric show…
Foreign investors’ renewed interest in the Chinese market is likely to surge this year, driven by intensified policy efforts to revive domestic consumption and an innovation boom rippling through the economy, executives and analysts said. Anticipating swift implementation of the recently announced monetary and fiscal stimulus measures, they said that additional policy support may be…
High-rise buildings dominate the skyline on both sides of the Huangpu River in Shanghai. [Photo by Gao Erqiang / chinadaily.com.cn] The nation’s first cross-business-region green power transaction has been signed with green energy generated in South China supplied to companies in Shanghai, according to the State Grid Shanghai Municipal Electric Power Co. A total of…
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A Qingdao Jiaodong International Airport staff member helps a girl with the boarding process. [Photo provided to chinadaily.com.cn] Qingdao Jiaodong International Airport, the only 4F-level international airport in Shandong province, was recently honored by Airports Council International as one of the best airports in the Asia-Pacific region in the category of 25 to 40 million…
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In the fourth quarter of 2024, the average price of agricultural output that farmers get at the farm gate in the EU increased by 2.2% compared with the same quarter in 2023. This represents the first increase since the second quarter of 2023. By contrast, the average price of goods and services currently consumed in…
The E5 electric model is displayed at the Buick store in a shopping mall in Shanghai on Dec 31, 2024. CHINA DAILY Foreign carmakers are adjusting their operational strategies in China as they seek to prevent losing further ground to local vehicle companies amid intense competition in the world’s largest vehicle market. According to data from…