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China warns EU against separate EV price negotiations

China urged the European Union to refrain from holding separate talks with specific automakers regarding the bloc’s anti-subsidy case involving Chinese electric vehicles, warning that such actions could undermine mutual trust, said the Ministry of Commerce on Monday. If the European side, while negotiating with the Chinese side, simultaneously conducts separate price commitment negotiations with…

Delegation explores investment opportunities in eastern Chinese city

A business delegation of representatives from US companies such as IBM, Johnson & Johnson, and Qualcomm visited Quzhou, Zhejiang province, from Oct 23 to 24, to explore business and investment opportunities. A US delegation meets with Quzhou entrepreneurs and commerce officials in Quzhou, Zhejiang province, on Oct 23, 2024. [Photo provided to China.org.cn] The delegation…

China increases policy support to meet annual job creation goal

Students attend a job fair in Tsinghua University in Beijing, March 15, 2024. [Photo/Xinhua] BEIJING – China will further improve its employment-first policy and help key population groups secure jobs in a quest to meet its annual job creation target, the Ministry of Human Resources and Social Security said on Friday. The country created a…

Chinese cyber association calls for review of Intel products

The Cyber Security Association of China urged on Wednesday a comprehensive review of products from United States tech company Intel, citing recurring cybersecurity vulnerabilities and high failure rates, so as to safeguard the country’s national security and protect the rights of Chinese consumers. In a statement, the association highlighted several security flaws in Intel’s CPUs…

Asia-Europe trade on fast track as ASEAN Express accelerates from Chongqing

An aerial drone photo taken on July 30, 2024 shows vehicles transferring containers at the Tuanjiecun Station of Chongqing International Logistics Hub Park in Shapingba district of Chongqing, Southwest China. [Photo/Xinhua] CHONGQING – An ASEAN (Association of Southeast Asian Nations) Express train set off for Poland’s Malaszewicze via Southwest China’s Chongqing municipality on Friday morning,…

China’s central bank conducts first swap facility transaction

File photo shows an exterior view of the People’s Bank of China in Beijing. [Photo/Xinhua] The People’s Bank of China, the country’s central bank, has launched the first operation of a new swap facility aimed at boosting stock market liquidity, with the first stock buying transaction financed through the facility on Tuesday. The PBOC will…

CHN Energy’s breakthrough in coal tech to boost sector’s development

An employee sorts coal at a facility in Changji Hui autonomous prefecture, Xinjiang Uygur autonomous region, in September. [Photo/Xinhua] CHN Energy Investment Group announced on Thursday that it has developed integrated spectral coal quality rapid detection technology, marking a significant advancement for China’s coal quantity and quality control, said industry experts. The technology, jointly developed…

Consumer confidence holds key to growth, experts say

China’s latest round of stimulus measures seem to create a favorable shift in focus of relying more on boosting consumer confidence as a sustainable growth driver, with bigger fiscal spending on improving social welfare and addressing property woes necessary, said leading economists at home and abroad. Referring to China’s key choices of continuing export-led growth…

China’s public offering fund value tops 32t yuan

A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING – Assets under the management of China’s public offering funds totaled 32.07 trillion yuan ($4.51 trillion) by the end of September, data from the Asset Management Association of China showed Friday. In comparison with the end of August,…