An aerial view of a housing project under construction in Hangzhou, Zhejiang province, in June.[LONG WEI/FOR CHINA DAILY] HANGZHOU – The eastern Chinese city of Hangzhou has announced that it will reduce the minimum down payment ratio for commercial housing mortgages, becoming the country’s latest major city to further relax real estate policies. The capital…
The launch of an integrated innovation base project in Northwest China’s Xinjiang Uygur autonomous region marks a significant milestone for China’s energy sector, as Xinjiang becomes the first in China to apply second-generation direct coal liquefaction technology, said experts. With a total investment of 170 billion yuan ($24.06 billion), the project, located in Hami, Xinjiang,…
SHANGHAI – At a bustling camera store in Shanghai, young shoppers crowded around the shelves, eager to get their hands on the latest models. “My favorite influencer uses this camera to film,” said 26-year-old Li Yun while trying out a mirrorless model. “But it’s hard to get one. You have to enter a lottery and…
BEIJING – Yan Jinsheng still treasures the old dog license and pet nameplate for a dog he had raised nearly 40 years ago. “It used to cost as much as 5,000 yuan ($708.54) to get these in cities back then. Pure-breed dogs were a luxury for ordinary people,” said the 47-year-old pet enthusiast, who hails…
A residential property project is under construction in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY BEIJING – China will expand its “white list” mechanism to ensure that all eligible property projects have access to financial support. Financial institutions are required to timely disburse loans to eligible property projects and meet their reasonable financing needs, according…
BEIJING – China’s consumer prices steadied in September amid a sustained recovery of domestic demand, official data showed Sunday. The consumer price index (CPI), a main gauge of inflation, was up 0.4 percent year-on-year in September, lower from a 0.6-percent rise in August, the National Bureau of Statistics said. On a monthly basis, the CPI…
Arnd Kaldowski, CEO of Switzerland-based multinational hearing solutions provider Sonova, says he believes that visiting China “at least three times a year” is important. [CHINA DAILY] To Arnd Kaldowski, CEO of Switzerland-based multinational hearing solutions provider Sonova, visiting China “at least three times a year” is important, quoting one of his former bosses to explain,…
A view of Citi’s Shanghai office in October 2021. [CHINA DAILY] During a weeklong visit to China last month, Cathy Shepherd, the global head of Citi’s corporate banking for clean energy transition, met with clients across the geothermal, wind, solar and electric vehicle supply chains in multiple cities including Beijing, Shanghai and Hangzhou. Shepherd’s latest…
A total of 750 vehicles were delivered by SAIC Motor Corp Ltd on Saturday for the reception of dignitaries attending the upcoming seventh China International Import Expo, sources said. “The 750 cars cover SAIC’s major brands including Roewe, Audi, and Cadillac, which represent the latest and most cutting-edge innovation of the group,” said Jia Jianxu,…
750 vehicles in total were delivered by SAIC Motor Corp Ltd on Oct 12 for the reception of dignitaries attending the upcoming seventh China International Import Expo. [Photo provided to chinadaily.com.cn] A total of 750 vehicles have been delivered by SAIC Motor Corp Ltd to transport dignitaries attending the upcoming seventh China International Import Expo.…