CAI MENG/CHINA DAILY The third plenary session of the 20th Central Committee of the Communist Party of China in July unveiled a series of measures to reform the country’s fiscal and tax system, which has pointed the way toward a new round of reforms. Historically, such reforms have achieved their expected goals and laid the…
Tom Alweendo (fourth from left), minister of mines and energy of Namibia, and Zhao Weiping (center), Chinese ambassador to Namibia, accompanied by executives of CNNC, CNUC and Rössing, attend a ceremony to mark the launch of its 2023 sustainable report and the fifth anniversary of CNUC’s majority shareholding. CHINA DAILY China Nuclear Uranium Corporation, or CNUC,…
China plans to allow wholly-owned foreign hospitals in Beijing, Shanghai and seven other cities or regions, the Ministry of Commerce said on Sunday. Foreign hospitals will be allowed to set up wholly-owned hospitals in Beijing, Tianjin, Shanghai, Nanjing in Jiangsu province, Fuzhou in Fujian province, Guangzhou and Shenzhen in Guangdong province as well as the…
File photo shows an exterior view of the People’s Bank of China in Beijing, capital of China. [Photo/Xinhua] BEIJING — China’s foreign exchange reserves totaled 3.2882 trillion US dollars as of the end of August, up by 31.8 billion dollars, or 0.98 percent compared to the end of July, official data showed Saturday. China’s foreign exchange…
In a recent interview with #ChinaPerspectives, Ye Hailin, dean of China-Africa Institute at the Chinese Academy of Social Sciences, said that some Western media outlets are attempting to hype up the narratives of “neo-colonialism” and the “debt trap diplomacy” regarding China’s engagement in Africa. This actually shows that the West is undergoing economic setbacks in…
Eyeing advanced use of more green power, China’s leading beverage producer, Wahaha Group, recently initiated a series of maintenance operations for its solar power station in Wenzhou, Zhejiang province. The photovoltaic, or PV, plant, with an installed capacity of 4,692 kilowatts, is expected to generate approximately 4.6 million kilowatt-hours of energy annually. The adoption of…
Volunteers grind coffee beans with students, at a permanent pavilion of China-Africa Economic and Trade Expo, in Changsha, Hunan province, Aug 31, 2024. [Photo/Xinhua] Jing Jianhua remembers clearly that the second China-Africa Economic and Trade Expo in Changsha, Hunan province, began on Sept. 26, 2021, because it coincided with the opening of his shop featuring…
A phosphate and coal chemical integration project located in Southwest China’s Guizhou province, the largest industrial project in the province’s history, will further transform local resource strengths into industrial and economic advantages, experts say. With a total investment of approximately 73 billion yuan ($10.25 billion), the project, once operational, is expected to achieve an annual…
The 8th Conference of Chinese and African Entrepreneurs held in Beijing on Sept 6, 2024. [Photo/Xinhua] China and Africa are set to take their economic and trade partnership to greater heights, with advancing mutual openness, bolstering industrial integration and fostering cooperation in emerging sectors high on the agenda, Premier Li Qiang said on Friday. Entrepreneurs…
A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] China should effect more monetary and fiscal policy measures so that its ongoing economic recovery can sit on firmer ground, said officials and industry experts. During a news conference on Thursday, Zou Lan, head of the monetary policy department of the People’s…