A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – China’s central bank on Friday conducted a 700-billion-yuan ($98.5 billion) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the banking system. The MLF operation has a one-year maturity with an interest rate of 2 percent,…
A Mastercard cardholder passes through the gate at the Daxing Airport subway station in Beijing. [CHINA DAILY] According to Mastercard’s 2024 Travel Trends report, global tourism is booming. Nine out of the past 10 record-setting spending days in the global cruise and airline industries occurred this year, and the Mastercard Economics Institute anticipates the trend…
An employee from the second drilling unit of CNPC Greatwall Drilling Co works on a drilling site in the Gulong shale oil formation in Daqing, Heilongjiang province, in late September.[CHINA DAILY] The second drilling unit of CNPC Greatwall Drilling Co completed a drilling task in the Gulong shale oil formation in Daqing, Heilongjiang province, in…
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 pledged on Friday to continue to increase investment in China in areas such as supply chain and research and development. Cook made the…
Participants in the BRICS Excellence Training Program on Artificial Intelligence Technology and Governance visit the robot section of the 2024 BRICS New Industrial Revolution Exhibition in Xiamen, Fujian province, in September. [Photo provided to China Daily] When Dipuo Mazibuko embarked on her first overseas travel in September, it was to China. She took a close…
A prospective homebuyer looks at a property model during an expo in Shenzhen, Guangdong province. [CHINA DAILY] The residential property market in Shenzhen, Guangdong province has recovered continuously following the easing of restrictions since late September. In fact, a second new residential project was sold out within a day, after the policy was introduced. A…
BRICS countries should work together to seize the opportunities delivered by new rounds of industrialization featuring the latest technologies such as artificial intelligence, in order to improve the resilience of their economies, according to an official of a BRICS institution. Huang Feng, executive deputy director of the Office of the Xiamen Leading Group for the…
A view of a Chinese-invested power project in South Africa. CHINA DAILY Energy ministers from across the world spoke highly of China’s role in promoting global energy transition and helping developing countries access more affordable clean energies at the Third Belt and Road Energy Ministerial Conference which concluded on Thursday in Qingdao, Shandong province. “Creative…
A BMW i5 is seen at the German premium carmaker’s R&D facility in Shenyang, Liaoning province. [Photo provided to chinadaily.com.cn] BMW unveiled a joint research institute with Tsinghua University on Thursday, in the presence of the German carmaker’s chairman Oliver Zipse, who is on his third visit to China this year. The institute for sustainable…
Shen (right) and Xi promoting their original refrigerator magnets on social media at a specialty restaurant in Moganshan, Zhejiang province, on Oct 24, 2024. [Photo/Xinhua] Shen Ji, who graduated from a university in the United Kingdom and worked in Hangzhou for eight years upon returning to China, made a significant career change early this year.…