Employees work at a biopharmaceutical production facility in Guangzhou, Guangdong province. [CHEN JIMIN/CHINA NEWS SERVICE] Guangzhou, capital of Guangdong province, is sparing no effort to build a global hub for innovation and development of its biopharmaceutical industry, a city official said. This is expected to inject strong momentum into the sector in the Guangdong-Hong Kong-Macao…
An employee sorts gold jewelry at a shop in Renhuai, Guizhou province. CHEN YONG/FOR CHINA DAILY Global spot gold prices soared to new heights on Monday, reaching $2,740 per ounce, following multiple records since the year began. Experts predicted possible fresh highs backed by US Federal Reserve interest rate cuts, geopolitical uncertainties and purchases from…
Potential car buyers seen at a Tesla showroom in Shanghai. [Photo/China Daily] China officially launched on Wednesday the pilot program that aims to further open up value-added telecommunications services, with sources telling China Daily that United States’ vehicle maker Tesla Inc is among the first group of foreign firms to take part in the program.…
Launched on Oct 16, the route marks a new addition to the China-Europe freight railway lines originating from Ulaanqab, and is also the city’s first eastbound route along this line.[Photo/Chinanews.com] With regular freight train service from Qisumu International Logistics Park in Ulaanqab, Inner Mongolia autonomous region, to Moscow now in operation, experts said the new…
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] Tim Cook, CEO of Apple Inc, said the company will continue to increase investment in China and contribute to the industrial and supply chains, as he met with China’s…
Technicians check out oil exploration facilities at an oilfield in Uganda. [Photo/Xinhua] The current global economic slowdown and shocks to industrial and supply chains have presented China and Africa with a crucial opportunity to scale up mutual cooperation and move it to a higher level, officials and experts said. A shift in China-Africa investment cooperation…
The 2024 North Bund Forum opens at the Grand Halls in Shanghai on Oct 22, 2024. [Photo provided to chinadaily.com.cn] The 2024 North Bund Forum, an annual gathering of the international shipping industry, began at the Grand Halls in Shanghai on Oct 22. Themed “Digital, Smart, and Green: Co-creating a New Ecosystem of Global Shipping…
Renminbi financial assets are set to attract more foreign investment in the months ahead after foreign holdings of onshore bonds and equities rose amid the country’s sharpening policy focus on shoring up asset prices, according to officials and analysts. “We have the conditions and confidence that China’s cross-border capital flows will maintain a stable and…
A cargo ship docks at Qinzhou Port in China-ASEAN Free Trade Area in Qinzhou, Guangxi Zhuang autonomous region. [Photo/Xinhua] NANNING – In a bustling fruit processing facility in South China’s Guangxi Zhuang autonomous region, the air is sweet with the luscious aroma of mangoes. Workers diligently manage a state-of-the-art, fully automated production line, preparing to…
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] The total holdings of onshore renminbi bonds by foreign investors have surpassed $640 billion so far, marking a historically high level, data from the State Administration of Foreign Exchange (SAFE) showed. In the first three quarters…