China’s central bank announced on Friday that it will cut the foreign exchange risk reserve ratio for forward foreign exchange sales from 20 percent to zero, a move analysts say signals efforts to ease the rapid appreciation of the renminbi. The adjustment, effective March 2, is aimed at “promoting the development of the foreign exchange…
A humanoid robot performs at Zhongguancun International Innovation Center, venue for the 2025 Zhongguancun Forum (ZGC Forum) Annual Conference, in Beijing, capital of China, March 27, 2025. [Photo/Xinhua] The Zhongguancun Forum, one of China’s key platforms for international technology exchange, will take place in Beijing from March 25 to 29, according to organizers. This year’s…
China’s oil and gas industry is entering a pivotal phase of high-quality development as it transitions into the 15th Five-Year Plan (2026-30) period, aiming to balance energy security with an accelerated shift toward green energy and digitalization. Following several production records in 2025, the National Energy Administration has outlined a strategic roadmap to transform the…
China is maintaining continuous communication with the United States ahead of the sixth round of trade talks that is expected to convene soon, the Ministry of Commerce said at a news conference on Thursday, underscoring Beijing’s efforts to keep bilateral economic ties on a stable footing. The ministry said that through equal-footed consultations, China is…
US-based semiconductor company Nvidia Corp said on Thursday that it had secured a license from Washington to ship a small number of its less-advanced H200 chips to customers in China. However, the company also pointed out that, due to regulatory uncertainty, it would not include any data-center revenue from China in its first-quarter sales outlook.…
XI’AN — It’s early spring, but in Northwest China’s Shaanxi province, frozen waterfalls still cling to the mountainsides of the Qinling Mountains while skiers carve across snowy trails on the Loess Plateau. Shaanxi straddles China’s north-south geographical divide. In both southern and northern Shaanxi — from the Qinling Mountains to the Loess Plateau — winter…
With travel demand helping to lift earnings, Trip.com Group reported a 21 percent rise in its fourth-quarter revenue on Thursday, and also announced a series of board changes. The company — China’s largest online travel platform — said net revenue for the three month period ending on Dec 31 reached 15.4 billion yuan ($2.1 billion),…
China will require online takeaway restaurants to use the same name as their physical storefronts and disclose more operational details, tightening oversight of the quickly-growing food delivery sector as regulators seek to curb misleading practices and food safety risks. The new rules — introduced by the State Administration for Market Regulation on Thursday — will…
This drone photo taken on Nov 6, 2025 shows tourists viewing the Huajiang Grand Canyon Bridge at the nearby Yundu service area in Southwest China’s Guizhou province. [Photo/Xinhua] GUIYANG — Chinese super projects served as major tourism draws during the Spring Festival holiday that ended earlier this week, showcasing the nation’s engineering prowess while also…
Trail runners tackle Mogan Mountain in Deqing county, Zhejiang province, on Dec 7. XIE SHANGGUO/FOR CHINA DAILY As the outdoor sports industry shifts toward more sustainable and experience-driven models, professional outdoor brand Kolon Sport is leading the charge by integrating its retail stores and operational system as part of its sustainable practices. Its newly opened…