The industrial business sectors of China and South Korea, once complementary a decade ago, have become increasingly competitive in mid — to high-end manufacturing, a trend that is expected to intensify in the coming years, said market watchers on Friday. As China continues to expand its opening-up and make breakthroughs in areas such as shipbuilding,…
A pedestrian touches the Bund Bull in Shanghai. BLOOMBERG/GETTY IMAGES While the A-share market rebounded strongly this week, propelled by higher market liquidity and the recovery of investors’ risk appetite amid the latest support measures, continued efforts should be made to complete market infrastructure and further improve companies’ quality, providing the basis for a long-term…
This file photo dated March 2, 2009 shows HSBC HK$100 banknotes in Hong Kong. [PHOTO/AFP] The Hong Kong Monetary Authority kicked off Phase 2 of the e-HKD Pilot Programme on Monday, setting the stage for a year-long exploration of innovative use cases for new forms of digital money, including the Hong Kong dollar and tokenized…
Xinjiang Uygur autonomous region, with its abundant wind and solar resources, is actively utilizing its energy advantages to promote the use of green electricity in its major areas. “In the first eight months of this year, the total green electricity trading volume in Xinjiang reached 11.74 billion kWh, which is 97.83 times that of 2022,…
State Grid employees inspect photovoltaic panels in Chuzhou, Anhui province. SONG WEIXING/FOR CHINA DAILY BEIJING – Green is the defining feature of China’s development in the new era and remarkable progress has been made in the country’s green and low-carbon transformation, said Tian Chunxiu, deputy director of the Policy Research Center for Environment and Economy…
Su Jing, CEO of DreamSmart, announces the prices of newly launched products on Sept 25 in Beijing. [Photo provided to chinadaily.com.cn] DreamSmart, known for its augmented reality glasses and smartphones, has entered the electric vehicle market by launching the Z10 STARBUFF sedan earlier this week in Beijing, aiming to take a bite of the electric…
The skyline of Beijing. [Photo/VCG] GENEVA – China is making steady progress thanks to higher spending in education and the country’s vast talent pool, with a three-place increase in the 2024 World Talent Ranking, an expert from the International Institute for Management Development (IMD) has said. The 2024 World Talent Ranking report, released by the…
EU agri-food trade is proving to be strong as its surplus reached €33.7 billion between January and June 2024, an increase of €1.5 billion compared… Read More »EU agri-food surplus increased in the first half of 2024
File photo shows an exterior view of the People’s Bank of China in Beijing. [Photo/Xinhua] BEIJING – China’s central bank on Friday cut the interest rate of seven-day reverse repos from 1.7 percent to 1.5 percent. The move aims at intensifying counter-cyclical adjustment of the monetary policy and supporting the stable economic growth of the…
Investors gather at a counter of the Shanghai Stock Exchange in Shanghai. [Photo provided to China Daily] SHANGHAI – China’s Shanghai Stock Exchange said Friday it is probing into the slow confirmation of stock transactions found after the opening of Friday’s morning session. The exchange will continue to keep investors informed, and investors may contact…