China’s appeal as a destination for foreign capital is set to strengthen further as policymakers move to stabilize expectations, while the country’s vast market and accelerating industrial upgrading continue to reinforce its long-term attractiveness amid an uncertain global backdrop, said market observers and business executives. They noted that beyond major commitments to opening-up, a combination…
With the delivery of Ocean Oasis, a 174,000-cubic-meter LNG vessel, on Friday, Hudong-Zhonghua Shipbuilding (Group) Co, a unit of the world’s largest shipbuilder, China State Shipbuilding Corp, announced that it has doubled its LNG ship production capacity during the 14th Five-Year Plan (2021-25) period. [Photo provided to chinadaily.com.cn] With the delivery of Ocean Oasis, a…
HAIKOU — South China’s Hainan Free Trade Port (FTP) has initiated a plan to develop zero-carbon industrial parks, as outlined in a joint notification from five provincial government departments, including the Development and Reform Commission and the Department of Industry and Information Technology. The initiative aims to phase in low-carbon and zero-carbon transformations across various…
Flight DV481, operated by Kazakhstan’s SCAT Airlines, departs Sanya Phoenix International Airport, Hainan province on Sunday morning bound for Prague, the Czech Republic. [Photo provided to chinadaily.com.cn] A landmark route linking the island province of Hainan with Europe was launched on Sunday, in what is China’s first operational passenger air route under what is known…
AstraZeneca has entered a global licensing agreement with Jacobio Pharmaceuticals, a Hong Kong-listed Chinese biotech company, to develop and commercialize a clinical-stage KRAS cancer drug candidate, the two companies announced on Monday. Under the agreement, the United Kingdom-based pharmaceutical company will obtain exclusive rights to develop and commercialize the pan-KRAS inhibitor JAB-23E73 outside the Chinese…
A view of the Nansha Port of Guangzhou Port Group. [Photo provided to chinadaily.com.cn] China is to impose provisional countervailing duty deposits on imports of certain dairy products from the European Union, including fresh cheese and curd, the Ministry of Commerce has announced. The ministry launched a countervailing investigation into certain dairy products imported from…
Shanghai-based budget carrier Spring Airlines is set to become the first Chinese airline to operate a direct route between Shanghai and Ulan Bator, the capital of Mongolia. Beginning on March 3, the Shanghai-Ulan Bator route will operate every Tuesday and Friday from Shanghai Pudong International Airport, with return flights from Ulan Bator on the same…
China will work towards greater openness and the authorized operation of public data as part of broader push to unleash the value of its massive data resources, according to the country’s top data governance regulator. Authorized operation, as an innovative model for the development and utilization of public data, serves as a useful complement to…
Ordos city, in North China’s Inner Mongolia autonomous region. [Photo provided to chinadaily.com.cn] Ordos, a city in the Inner Mongolia autonomous region, is strengthening its… Read More »Ordos heats up city branding with ‘warm city’ IP
The People’s Bank of China, the country’s central bank, unveiled a one-off credit repair policy on Monday, aimed at helping individuals with impaired credit records but active repayments to rebuild their credit, thereby addressing the fallout of the COVID-19 pandemic and supporting a sustained economic recovery. A notice released by the PBOC said that eligible…