The recent strengthening of the renminbi against the US dollar reflects the resilience of China’s economic fundamentals and the improving stability of its financial system, while a weaker dollar has also provided external support for the renminbi’s gains, economists said. They also said that if the yuan maintains a firm trajectory next year, it could…
BEIJING — China disagrees with the so-called conclusions of the US Section 301 investigation and firmly opposes the imposition of additional Section 301 tariffs on Chinese semiconductor products, a spokesperson for the Ministry of Commerce said on Thursday. The Office of the United States Trade Representative recently released the results of its Section 301 investigation…
Part of the E60 highway LOT3 Project. [Photo provided to chinadaily.com.cn] A newly completed section of Georgia’s E60 route opened recently, drawing praise from the country’s leadership. The six-kilometer stretch that opened on Dec 17 is part of the LOT3 project and was built by Hunan Road & Bridge Construction Group, a subsidiary of Hunan…
The Shanghai municipal government has issued an action plan to strengthen the construction of an open source system, with a goal of incubating over 200 high-quality open source projects by 2027. According to the action plan, by 2027, a preliminary open source system with complete technical support, a perfect service system, a reasonable talent structure,…
A worker is seen working at a Valeo plant in Wuhan, Hubei province. [Photo provided to chinadaily.com.cn] China is set to play a central role in French auto parts supplier Valeo’s “Elevate 2028” strategy, as the company seeks to restore revenue growth, lift profitability and strengthen cash generation amid a rapidly changing global auto industry.…
BEIJING — The Chinese government hopes that relevant parties can reach a solution regarding TikTok that complies with Chinese laws and regulations and achieves a balance of interests, a spokesperson for the Ministry of Commerce said Thursday. Spokesperson He Yongqian made the remarks at a regular press conference in response to a query regarding reports…
Profits at China’s major industrial firms maintained a modest recovery through November, underpinned by the rapid growth of equipment manufacturing and high-tech sectors, official data showed on Saturday. During the first 11 months, China’s industrial enterprises with an annual revenue of at least 20 million yuan ($2.85 million) saw their total profits rise 0.1 percent…
With growing global attention on micro- and chemical pollution, research is moving beyond the identification of potential hazards to clarifying how emerging chemical contaminants pose risks to human health and ecosystems—a shift researchers said is essential for advancing a more sustainable economy. Chemicals from vehicle tires, for instance, have been widely detected in freshwater systems,…
A performance staged at the Yinxu Ruins, a must-see in Anyang, Henan province, narrates stories about the Shang Dynasty (c. 16th century-11th century BC). CHINA… Read More »Capitals converge in Henan
A visitor tries out a Maextro S800, a battery electric ultra-luxury sedan co-developed by Huawei and JAC Group, during an expo in Shanghai on June 19. CHINA DAILY China’s premium vehicle market is witnessing a rapid shift as homegrown brands break longstanding price and brand barriers in the ultra-luxury sedan segment, and put an end…