EU’s import growth is still the single best “gauge” of China’s overall export momentum.Without the current growth in imports from the European Union, China might still be able to squeeze out another percentage point or two of export growth from the developing world but only for a year or two. Sustaining a double-digit surge of…
An aerial view of a wind farm in Liuzhou, Guangxi Zhuang autonomous region. [Photo by Tan Kaixing/For China Daily] BEIJING — A set of energy interconnection standards for wind farms, photovoltaic power plants and pumped storage units was issued on Friday, laying a solid foundation for global clean energy development and transnational power interconnectivity. At…
China is expected to enhance the multi-tier financial services system to support consumption, by better coordinating financial resources and guiding financial institutions to enhance services from both the supply and demand sides, according to experts. Such efforts are aimed at meeting the diverse financing needs of both consumers and business entities, thereby expanding the supply…
A view of a workshop of Jiangsu Guofu Hydrogen Energy Equipment Co Ltd in Zhangjiagang, Suzhou, Jiangsu province, in May 2024. LANG CONGLIU/FOR CHINA DAILY As a bus glides away from a station in Zhangjiagang, Suzhou, eastern China’s Jiangsu province, a faint wisp of steam rises from its tailpipe and vanishes into the cool morning air.…
The Shanghai Gold Exchange has made a strategic move to bolster the Chinese mainland’s role in the global bullion trade by launching two new gold contracts and opening an offshore certified bullion vault in Hong Kong. According to the SGE announcement on Thursday, the move aims to better open up the gold market, diversify the…
The BYD Xi’an roll-on/roll-off ship under construction in Yangzhou, Jiangsu province, on May 1. CHEN YANG/FOR CHINA DAILY China’s automobile exports are experiencing a remarkable surge driven by logistic upgrades and new energy vehicle dominance. Chinese leading NEV maker BYD received its sixth roll-on/roll-off ship on Tuesday. Named BYD Changsha, the vessel is capable of carrying…
Participants attend a forum of the Summer Davos in Tianjin on Wednesday. ZOU HONG/CHINA DAILY China’s accelerating technological breakthroughs and efforts to stimulate domestic consumption are laying the foundation for sustainable economic growth as the country navigates global headwinds and transitions toward a high-income economy, experts and business leaders said on Wednesday. Zhu Min, former deputy…
Renewable energy cooperation between China and other Shanghai Cooperation Organization countries has gained significant momentum in recent years, driving substantial growth in green energy capacity across the vast region and contributing significantly to global decarbonization efforts, industry experts and company executives said. This burgeoning collaboration involves projects totaling approximately 96.3 gigawatts of installed capacity of…
A view of a liquid hydrogen plant in Zhangjiagang, Suzhou, Jiangsu province. CHINA DAILY Drinking “exhaust water “from a city bus wasn’t how I imagined starting my week. Yet here I am, in Zhangjiagang, Suzhou, Jiangsu province, holding a small paper cup filled with liquid that just moments ago came out of a bus tailpipe. My…
China’s total nonfinancial outbound direct investment rose 2.3 percent year-on-year to $61.6 billion in the first five months, underscoring the nation’s sustained efforts to deepen international cooperation, said the Ministry of Commerce on Thursday. In the meantime, the country’s nonfinancial ODI in countries and regions involved in the Belt and Road Initiative reached $15.52 billion,…