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China conducts 300-billion-yuan MLF at lower interest rate

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A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] BEIJING – China’s central bank on Wednesday conducted a 300-billion-yuan ($42.73 billion) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the banking system. The MLF operation had a maturity of one year with an interest rate…

Adidas CEO: Helping Shanghai be a city of sports and a city of sports innovation

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In an exclusive interview with China Daily, Bjoern Gulden, CEO of Adidas said the company is determined to help Shanghai become a city of sports and a city of sports innovation while emphasizing China as one of Adidas’ most important and fast-growing markets globally. Tanks to chinadaily.com.cn Please visit: Our Sponsor

Chinese stocks continue to close higher on stimulus policies

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BEIJING – Chinese stocks closed higher on Wednesday, buoyed by a raft of stimulus policies announced by authorities on Tuesday. The benchmark Shanghai Composite Index closed up 1.16 percent to 2,896.31 points, while the Shenzhen Component Index closed 1.21 percent higher at 8,537.73 points. The combined turnover of stocks covered by the two indices surpassed…

Celebrating China-Africa friendship through ‘Wanjiang’

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Experience the powerful bond of China-Africa cooperation through the classic song “Wanjiang”! In this video, three remarkable young women from Project Terminal 5, Cotonou, Benin and the China Harbour Engineering Company bring the song to life, capturing the spirit of collaboration and progress in China’s global infrastructure efforts. Tanks to chinadaily.com.cn Please visit: Our Sponsor

Private firms hiking R&D spending

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A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] China’s top private enterprises are ramping up their research and development expenditures, reflecting a shift toward innovation to become more competitive on the global stage, said government officials and industry experts. According to a report released by the All-China…

Shanghai Disney Resort to adopt new real-name ticketing policy by year-end

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Mickey and Friends, as well as the Duffy and Friends crew, will don vibrant new summer outfits with fruity, and gardening motifs. [Photo provided to chinadaily.com.cn] Shanghai Disney Resort will adopt a new real-name ticketing policy targeted for launch before year-end, according to official announcement Tuesday. Under this policy, each guest will be required to…

China Eastern launches Shanxi, Singapore flight route

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Flight between Taiyuan of Shanxi province and Singapore via Sanya of Hainan province was launched by China Eastern Airlines on Sept 24. [Photo provided to chinadaily.com.cn] Flights between Taiyuan of Shanxi province and Singapore via Sanya of Hainan province was launched by China Eastern Airlines on Tuesday, according to the Shanghai-based carrier. Operational every Tuesday,…

US health company Kenvue upgrades cooperation with Chinese drugstore chain

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Senior executives from Kenvue China attend a commercial event in Shanghai on Sept 24, 2024. [Photo provided to chinadaily.com.cn] As China continues to create more favorable conditions for high-level opening-up and attracting global capital, Kenvue Inc, a United States-based consumer health company, and Shenzhen Nepstar Medical Co Ltd, a major Chinese drugstore chain, announced a…

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Digital publishing expo opens in Hainan

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A man reads an e-book tablet in Shanghai on Aug 14, 2019. [Photo/VCG] HAIKOU – The 14th China International Digital Publishing Expo kicked off Saturday in Haikou, South China’s Hainan province, attracting around 500 participating companies both online and offline. The expo features exhibitions, forums and other on-site activities, with a focus on innovation in…

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Hebei rolling out more tourism products to lure visitors

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Tourists and residents visit a popular spot in Qinhuangdao, Hebei province. [Photo by Fang Jingkai/For chinadaily.com.cn] On Sunday, Tianjin resident Wang Jing embarked on a leisurely drive with her parents and child to the neighboring city of Langfang in Hebei province, eager to explore what attractions awaited them as the city was holding a gala…