As children count the lucky money they have received during the Spring Festival, banks are racing to claim a share of it. Lenders have rolled out unique products featuring preferential rates, special perks and parent-child co-management accounts to tap family assets and cross-sell wealth management as well as insurance products, as shrinking net interest margins…
Chinese Minister of Industry and Information Technology Li Lecheng gives an interview after the opening meeting of the fourth session of the 14th National People’s Congress (NPC) at the Great Hall of the People in Beijing, March 5, 2026. [Photo by Wang Zhuangfei/chinadaily.com.cn] China will spare no effort in promoting the research, development, and iterative…
Foreign students studying in Tianjin show the Chinese character fu (meaning blessing or happiness) during the Spring Festival. CHINA DAILY In the bustling streets of Yangliuqing Ancient Town in Tianjin, Xu Liansen, the artisan of chatang, skillfully pours boiling water into a small bowl containing red sorghum flour and millet flour, then sprinkles it with…
Sino Biopharmaceutical Limited, a China-based pharmaceutical company, and global drugmaker Sanofi on Wednesday announced an exclusive global licensing agreement for Rovaciditinib, a JAK/ROCK dual-target inhibitor. Under the agreement, Sino Biopharma and its subsidiary Chia Tai Tianqing Pharmaceutical will grant Sanofi exclusive global rights to develop, manufacture and commercialize the product, in return for total payments…
BEIJING — Total market capitalization of A-shares has exceeded 110 trillion yuan ($15.9 trillion), said Wu Qing, chairman of the China Securities Regulatory Commission, at a press conference Friday on the sidelines of the fourth session of the 14th National People’s Congress. Tanks to chinadaily.com.cn Please visit: Our Sponsor
China’s 2025 economic achievements released: GDP grew by 5 percent, reaching 140.19 trillion yuan; 12.67 million urban jobs created; personal incomes rose in step with economic growth; and grain output rose to 715 million metric tons. Despite challenges, the economy showed strong resilience and progress. Video editors: Jiang Ziyu (intern), Chen Liubing, Sun ChiReviewers: Zhao…
China intends to drive growth by cultivating its emerging and future industries, Premier Li Qiang said at the country’s annual two sessions gathering in Beijing on Thursday. Delivering this year’s government work report at the opening of the fourth session of the 14th National People’s Congress, Li said China will continue to develop emerging industries…
The military strikes by Israel and the United States against Iran, which have intensified tensions in the Middle East, particularly near the Strait of Hormuz, have disrupted shipping operations, creating uncertainty for Chinese exporters and pushing up freight rates as some carriers introduce extra charges on cargo bound for the region. The Strait of Hormuz…
Deutsche Bank AG said on Friday that it has successfully priced a 5.5 billion yuan ($796 million) multi-tranche panda bond in the China Interbank Bond Market, marking the first panda bond issuance by a European Union financial institution in 2026 and the largest single issuance by a foreign bank. Amid heightened volatility in global markets,…
The draft outline of China’s 15th Five-Year Plan (2026-30) has proposed achieving a notable increase in household consumption as a share of GDP. Marshall Mills, International Monetary Fund’s senior resident representative in China, said the IMF welcomes China’s emphasis on boosting domestic demand and promoting consumption. Rebalancing toward domestic consumption will unlock China’s growth potential,…