An LNG ship industry alliance was established during the LNG ship industrial chain development convention held at Shanghai’s Changxing Island, part of the city’s efforts to build a world-class shipbuilding and offshore engineering industry cluster, according to official sources. Being the birthplace of China’s modern shipbuilding industry, Shanghai saw the scale of its shipbuilding and…
Potential homebuyers check models of housing projects at a real estate agency in Shanghai in April. WANG RONGJIANG/FOR CHINA DAILY Shanghai, China’s economic hub, announced late Sunday that it will further optimize local property policies to better meet people’s living demand, including lowering the threshold for non-local buyers, reducing down payment for both first-time and…
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Intelligent mobile charging robots will be put into use in several expressways leading to Shanghai during the week-long National Day holiday starting on October 1. [Photo provided to chinadaily.com.cn] Intelligent mobile charging robots will be put into use in several expressways leading to Shanghai during the week-long National Day holiday starting Tuesday, which is expected…
AI China’s economy is grappling with the significant challenge of weak consumer demand. Data from second-quarter GDP growth show that gross capital formation, final consumption expenditure, and net exports contributed 1.9, 2.2, and 0.6 percentage points to economic growth, respectively. Notably, the role of consumption in driving economic growth has waned, declining by 1.7 percentage…
Pedestrians walk past a cross-border financial advertising board in Hong Kong on Jan 20, 2022. [ZHANG WEI/CHINA NEWS SERVICE] Chinese people’s increasing interest in diversifying investments on a global scale has attracted rising attention from both policymakers and financial services providers. An HSBC Group survey showed that Chinese mainland investors’ willingness to allocate their assets…
MA XUEJING/CHINA DAILY With active transactions, upbeat market sentiment, cyclically stronger consumption, and more often than not, economic stimulus packages, the well-known expression “Gold September and Silver October” has often been used to describe the vibrant Chinese property and capital markets in early autumn each year. The rule seems to be working this time, at…
[Photo/IC] From the 1990s to 2008, global industrial supply chains experienced a golden era. However, due to the United States’ adherence to the mindset of national competition and zero-sum game thinking, it has introduced various restrictive measures in recent years, leading to disruptions in the operation of those chains. Under such circumstances, rebuilding political trust…
An investor checks stock prices at a brokerage in Fuyang, Anhui province. [Photo by Lu Qijian/For China Daily] “Garbage time of history” has somehow become the catch phrase among Chinese A-share investors lately. Bearing a similar connotation to the metaphor of “chicken ribs “more familiar to most Chinese, indicating the doldrums in the stock market…
Pedestrians pass an electronic board showing Hong Kong’s Hang Seng Index in Tsim Sha Tsui on Wednesday. The index has soared in the past six days to reach a 20-month high.[ANDY CHONG/CHINA DAILY] Hong Kong stocks surged for a sixth day on Wednesday, amid growing optimism that Beijing’s sweeping stimulus package could reboot the world’s…