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Chinese private firms embed themselves in Southeast Asia

An aerial photo shows the Indonesia Huabao Industrial Park in Morowali, Indonesia’s Central Sulawesi province. CHINA DAILY When Chen Deyun arrived on a remote Indonesian island a decade ago, stable electricity and phone signals were hard to come by. Today, he starts his mornings in an industrial complex of furnaces, docks and dormitories built by…

Tencent disclosure reveals bribery, embezzlement probes

Tencent Holdings said it investigated and punished over 70 cases of internal misconduct in 2025, dismissing more than 90 employees for breaching internal rules, as China’s internet giants intensify efforts to curb corruption in their ranks. The cases of more than 20 employees were transferred to public security authorities as criminal offences were suspected, while…

China to conduct 900b yuan MLF operation on Friday

BEIJING – The People’s Bank of China announced on Thursday that it will conduct a 900-billion-yuan ($128.54 billion), one-year medium-term lending facility (MLF) operation on Friday, aiming to maintain ample liquidity in the country’s banking system. The central bank said the MLF operation will be carried out via a fixed-quantity, interest-rate-bidding and multiple-price-bidding method. The…

QCraft’s single-chip 128TOPS city NOA enters production

QCraft’s booth is seen at the 2025 IAA in Munich, Germany. [Photo provided to chinadaily.com.cn] QCraft’s city NOA system, based on a single Horizon Journey 6M chip, has entered production, debuting on Li Auto’s AD Pro-equipped L Series vehicles, said the Chinese autonomous driving solution provider on Wednesday. The move marks the first commercial deployment…

Tech-driven consumption in growth focus

A man looks closely at a robotic product in Shenzhen, on Jan 22, 2026. [Photo/Xinhua] China is accelerating a shift toward a new growth model anchored in tech-driven domestic consumption as geopolitical tensions and technological disruption reshape the global economic landscape, officials, business leaders and economists have said. They made the remarks on Wednesday at…

First iron ore shipment from Simandou arrives in China

The first shipment of high-grade iron ore from the world-class Simandou deposit in Guinea arrived at Rizhao Port in East China’s Shandong province on Wednesday, marking a transformative milestone for the global steel industry’s transition toward low-carbon production. The shipment was delivered by SimFer, a joint venture between the government of the Republic of Guinea,…

China’s central bank signals further RRR, interest rate cuts to bolster growth

BEIJING – The People’s Bank of China (PBOC) will continue to implement a moderately loose monetary policy in 2026, and will utilize tools such as reserve requirement ratio (RRR) cuts and interest rate reductions to ensure liquidity remains sufficient, according to central bank governor Pan Gongsheng. Monetary policy will focus on promoting stable economic growth…

2024 EU greenhouse gas emissions: -20% since 2013

In 2024, the EU economy’s greenhouse gas emissions by economic activities and households totalled 3.3 billion tonnes of CO2 equivalents. This represents a 1% decrease compared with 2023 and a 20% reduction compared with 2013. Between 2013 and 2024, the energy sector (supply of electricity, gas, steam and air conditioning) achieved the sharpest rate of…

Major Xinjiang port sees record export of 450,000 vehicles in 2025

URUMQI — China’s largest land port for automobile exports, the Horgos Port in Northwest Xinjiang Uygur autonomous region, saw vehicle exports reach a record high in 2025. According to statistics released by the Horgos Customs on Wednesday, 450,000 vehicles were exported via the port last year, marking a year-on-year increase of 6.9 percent. Currently, an…