China’s factory activity contracted in May for the first time in eight months, a private survey showed, pointing to pressures from the United States’ volatile tariff policy and shoring up the case for strong macro policy support to boost demand. The Caixin China General Manufacturing Purchasing Managers’ Index, an indicator of the operating conditions of…
A China-led research team recently published results of a phase III clinical trial on a novel obesity treatment in the prestigious New England Journal of Medicine (NEJM), marking a significant milestone in the country’s growing global influence in endocrinology and metabolic innovation. “The study validated the efficacy and safety of the world’s first GCG/GLP-1 dual…
Tourists enjoy night views at Canton Tower in Guangzhou, Guangdong province, on May 4. MIAO QIANG/FOR CHINA DAILY Taking a micro-vacation on weekends has become trendy among Chinese consumers in the Guangdong-Hong Kong-Macao Greater Bay Area, and the robust demand has not only driven high-frequency short-distance consumption in the region, but has also attracted investments…
The Chinese government will review the applications for rare earth export and approve applications that meet the requirements to facilitate compliant trade, the Ministry of Commerce said on Thursday. Some foreign enterprises stated that China’s granting process of rare earth export licenses is slow, and their companies may face production suspension. The ministry made the…
Technicians install solar panels at a saltern in Lianyungang, Jiangsu province. GENG YUHE/FOR CHINA DAILY China has fundamentally improved the business environment and supply reliability of electricity, and significantly reduced power outages in urban and rural areas during the past few years, a senior energy official said. After years of combined effort, China has made…
A clerk counts cash at a bank in Nantong, Jiangsu province. [Photo/Sipa] China has taken a concrete step toward addressing crippling issues faced by the private sector, with a revised regulation guaranteeing payments owed to small and medium-sized enterprises. This marks China’s latest move in clearing arrears owed to SMEs through an institutional arrangement, which…
An inspection robot arouses the interest of visitors at the Shanghai International Carbon Neutrality Expo in Technologies, Products and Achievements, which began on Thursday. GAO ERQIANG/CHINA DAILY Breakthroughs by private enterprises and facilitating the outbound reach of Chinese companies are the highlights at this year’s Shanghai International Carbon Neutrality Expo in Technologies, Products and Achievements,…
China will review and approve applications for rare earth exports that meet the requirements to facilitate compliant trade, the Ministry of Commerce said on Thursday. Some foreign enterprises have suggested that China’s approval process of rare earth export licenses is slow, and their companies may face suspended production. The ministry made the comment in response…
This photo taken on Sept 8, 2023 shows a view of the 23rd China International Fair for Investment and Trade (CIFIT) in Xiamen, East China’s Fujian province. [Photo/Xinhua] Financial capital investment will be a focus of the 25th China International Fair for Investment and Trade (CIFIT) to be held in Xiamen, Fujian province, between Sept…
Visitors gather at Kuaishou’s booth during a home appliance expo in Shanghai in March. CHINA DAILY Chinese short-video platform Kuaishou had created 43.2 million jobs and given rise to 174 new occupations by the end of 2024, as it has lowered employment thresholds and brought about an increase in inclusive and large-scale employment, as well…