BEIJING – China’s Ministry of Finance released a framework for sovereign green bonds on Thursday, paving the foundation for the country to issue offshore sovereign green bonds and global capital to invest in its green development. The funds raised by green bonds under the framework will be allocated to eligible green projects included in the…
At a wheat field in Juancheng county, Shandong province, agricultural technology expert Zhou Shuzhen explained to onlookers while measuring soil moisture; “The greening and jointing period is a time prone to infection as well as expansion of root and stem diseases”. She told them in Fuchun town on Feb 19: “As it is also a…
A view of Alibaba’s booth during an expo in Guangzhou, Guangdong province. [Photo/Xinhua] Chinese tech giant Alibaba Group Holding Ltd reported on Thursday night that its revenue stood at 280.15 billion yuan ($38.4 billion) during the October-December period, an increase of 8 percent year-on-year, while its net income reached 46.43 billion yuan, surging 333 percent…
A humanoid robot on display at a conference focused on innovation and development held in Nanjing, Jiangsu province, on Feb 14, 2025. [Photo/Xinhua] BEIJING – Foreign investors are increasingly turning their attention to China’s A-share market, with a particular focus on the burgeoning opportunities in AI and robotics. Nearly 100 foreign institutions have been actively…
The People’s Bank of China. [Photo/IC] BEIJING – The People’s Bank of China (PBOC) will promote the use of renminbi (RMB) in cross-border payments, pricing, investment and financing, with an aim to facilitate international trade, investment and financing, according to a statement published Thursday. The central bank said it would develop the offshore RMB market,…
China’s cloud computing industry is expected to usher in new development opportunities as the meteoric rise of Chinese artificial intelligence startup DeepSeek has challenged the belief that massive computing resources are essential for AI breakthroughs, experts said. They added that with the maturity and application of AI technology, cloud computing services will be more user-friendly…
Consumers inspect mobile devices in a shopping mall in Ji’an city, Jiangxi province, Feb 7, 2025. [Photo/IC] BEIJING – Chinese consumers have benefited from the country’s pro-consumption policies, which cover goods such as mobile phones, home appliances and automobiles, said the Ministry of Commerce on Thursday. As of Wednesday, 169,000 vehicles were scrapped and recycled…
A foreigner uses an Alipay code on his mobile phone to buy coffee in Shanghai in April 2024. [CHINA DAILY] As China continues to refine its digital payment service systems, foreign visitors are experiencing unprecedented ease in making cashless transactions across the country. From seamless QR code transactions to cross-border digital wallet integration, the country’s…
The Symposium on AI for Science takes place in Beijing on Feb 19. [Photo/wicinternet.org] The Symposium on AI for Science (AI4S) in Beijing on Feb 19 brought together AI experts, government officials, researchers, and industry leaders. Organized by the World Internet Conference Specialized Committee on AI in collaboration with Alibaba Group, the event explored AI’s…
A truck loads containers at Tangshan Port, North China’s Hebei province. [Photo/Xinhua] Once the United States imposes its proposed “reciprocal tariffs”, it will inevitably seriously undermine the multilateral trading system and affect the global supply chain, the Ministry of Commerce said on Thursday. The ministry’s comments follow US President Donald Trump’s signing of a memorandum…