Project mBridge — a cross-border platform for experimenting with central bank digital currencies for international trade — does not exclude the use of the dollar and will focus on facilitating payments for small-amount current account transactions, said a former Chinese central bank governor. Citing the views that mBridge may harm both the reputation and usage…
A Mastercard cardholder passes through the gate at the Daxing Airport subway station in Beijing. [CHINA DAILY] Global payments technology company Mastercard has launched more than 50 bankcard programs in China via its new joint venture as the second foreign player in the domestic bankcard clearing sector, further benefiting from the continuous financial opening-up of…
Visitors check out China National Offshore Oil Corp’s deepwater drilling platform model during an expo in Beijing in July. CHEN XIAOGEN/FOR CHINA DAILY China National Offshore Oil Corp recently completed the world’s longest-ever shipment of liquid hydrogen, which traveled from Europe to China and was completed on Tuesday, marking a significant milestone in global energy transport.…
FILE PHOTO: The Tesla logo is seen on a car in Los Angeles, California, US, July 9, 2020. [Photo/Agencies] China’s top industry regulator launched a pilot program on Wednesday aimed at expanding access to value-added telecommunication services for foreign enterprises, with United States-based electric vehicle maker Tesla Inc among the first group of companies participating in…
In the prefecture-level city of Heze in southwestern Shandong province, Juye county is trying to build itself into the country’s largest trading market for meticulous peony paintings, with a target of comprehensive output value of 4 billion yuan ($563 million) in the calligraphy and painting industry by 2025. At present, Juye produces over 1.2 million…
An aerial view of a wind farm in Liuzhou, Guangxi Zhuang autonomous region. [Photo by Tan Kaixing/For China Daily] Phiona Nyamutoro, minister of State for Mineral Development in Uganda, spoke highly of China’s role in promoting global energy transition at the ongoing Third Belt and Road Energy Ministerial Conference held in Qingdao, Shandong province. “Creative…
This aerial photo taken on Aug 20, 2022 shows the Tesla Gigafactory in the Lingang new area of the China (Shanghai) Pilot Free Trade Zone in East China’s Shanghai. [Photo/Xinhua] Multiple sources told China Daily that Tesla Inc has yet to receive regulatory approval from Chinese authorities to launch its full self-driving or FSD functions in…
Consumers select products at an Apple store in Chengdu, Sichuan province, Feb 23, 2024. [Photo/VCG] Apple Inc reiterated its commitment to enhance supply chain cooperation in China, as Jeff Williams, the tech giant’s chief operating officer, met with officials from Central China’s Hunan province on Wednesday. Highlighting Apple’s long-standing partnership with local tech firm Lens…
Apple CEO Tim Cook addresses the media next to the company’s new Vision Pro augmented reality headset at the Apple Park campus in Cupertino, California. [Photo/Agencies] BEIJING — Apple CEO Tim Cook on Wednesday pledged to increase investment in China during his Beijing visit, which analysts believe highlights the importance of the Chinese market to…
A logo of Baidu Inc is seen in Beijing. [Photo/VCG] Chinese tech heavyweight Baidu Inc ranks among the top ten artificial intelligence patent applicants across the globe, as the company has invested heavily in artificial intelligence-related research and development to bolster technological innovation. Data from US patent service provider IFI Claims showed that Baidu is…