Skip to content

News

China’s central bank unveils one-off credit repair policy

  • by

Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China. [Photo/Xinhua] China’s central bank has rolled out a one-off credit repair policy to improve the public’s overall credit profile and reinvigorate market vitality. However, officials have insisted that the move is not a relaxation of credit discipline and that credit…

China Eastern Airlines receives world’s first C919 simulator

  • by

The world’s first C919 simulator designed for airline use was delivered to China Eastern Airlines and put into operation on Dec 19, marking a key step in strengthening the carrier’s operational support capability for domestically built aircraft. [Photo provided to chinadaily.com.cn] The world’s first C919 simulator designed for airline use was delivered to China Eastern…

Latest blue book shows China’s ocean product exceeded 10t yuan in 2024

  • by

The Blue Book of China’s Marine Economy (2025) is released on Friday at the Ocean University of China’s Laoshan campus in Qingdao, Shandong province. [Photo provided to chinadaily.com.cn] China’s marine economy has posted robust growth and become an important engine of national economic development, though major challenges remain, according to a newly released blue book.…

McDonald’s expands presence to all provincial regions of Chinese mainland

  • by

This photo taken on Dec 21, 2025 shows the first McDonald’s restaurant in Northwest China’s Qinghai province located in the Haihu New District of Xining, the provincial capital. [Photo/Xinhua] XINING — Fast-food giant McDonald’s opened its first restaurants in Northwest China’s Ningxia Hui autonomous region and Qinghai province this weekend, extending the brand’s presence to…

Guangxi hailed as key cooperation gateway

  • by

Visitors gather at the 22nd China-ASEAN Expo in Nanning, Guangxi Zhuang autonomous region, on Sept 17. LU BOAN/XINHUA Several ASEAN diplomats have emphasized the strategic position of the Guangxi Zhuang autonomous region as a frontier and gateway for China’s cooperation with Southeast Asia, expressing hope of expanding trade with China through multi-domain collaborations. The “Shopping…

Fare enough: profits help fuel robotaxis

  • by

A queue of robotaxis from Chinese autonomous driving company Pony.ai navigates public roads in Guangzhou, Guangdong province, on Dec 6. QIN ZIHANG/FOR CHINA DAILY China’s autonomous driving industry is accelerating toward the commercialization of autonomous taxis, as leading enterprises optimize their technological frameworks and business models to meet growing market demand. After years of technical…

Bohai oilfield hits 40m tons production milestone

  • by

This photo taken on Dec 21, 2025 shows the offshore oil and gas platforms in Bohai Oilfield. [Photo/Xinhua] China’s largest offshore oilfield, the Bohai Oilfield, has set a new record by producing over 40 million metric tons of oil equivalent in 2025, said its operator China National Offshore Oil Corporation (CNOOC). The record production is…

CNOOC launches 24 Block Development Project in Xijiang Oilfields

  • by

CNOOC Limited announced on Monday that production has commenced at the Xijiang Oilfields 24 Block Development Project. Located in the shallow waters of the Pearl River Mouth Basin, the project leverages the existing facilities of the adjacent Huixi Oilfields, with the addition of a new unmanned wellhead platform. A total of 10 development wells are planned for commissioning.…

Fundamental trends sustaining long-term growth

  • by

CAI MENG/CHINA DAILY The much-anticipated Central Economic Work Conference was held from Dec 10 to 11 in Beijing. Based on a comprehensive assessment of the domestic and international economic landscape, the meeting clearly stated that the underlying conditions and fundamental trends sustaining China’s long-term economic growth remain unchanged, while stressing that it will adhere to…