Imagine this. A car you have sold may one day travel across the ocean to be used by someone in Africa, the Middle East or Southeast Asia. On Thursday, the Shanghai Used Car International Trading Comprehensive Service Platform was launched in the China (Shanghai) Pilot Free Trade Zone, marking a milestone in the global trade…
An oil drilling platform seen in the Bohai Sea. DU PENGHUI/XINHUA China, long the single biggest driver of global oil demand growth, is on track to hit its consumption peak during the country’s 15th Five-Year Plan period (2026-30), driven by the rapid proliferation of electric vehicles and new energy sources, industry experts said. The forecast,…
Adhering to an innovation-driven approach and accelerating the cultivation and expansion of new growth drivers was identified as one of the key economic tasks for 2026 during the recently convened Central Economic Work Conference. The conference has emphasized the importance of innovating science and technology-oriented financial services. It is expected that in the next stage,…
Having a PCTC (pure car and truck carrier) with 9,000 parking spaces and a container ship with a capacity of 7,000 TEUs (twenty-foot equivalent units) undocked on the same day on Tuesday, Shanghai Waigaoqiao Shipbuilding Co Ltd, a subsidiary of the China State Shipbuilding Corp, announced reaching its delivery target ahead of time. The achievement…
With the delivery of the world’s largest dual-fuel powered container ship to French shipping and logistics group CMA CGM Group, Hudong-Zhonghua Shipbuilding (Group) Co Ltd, a unit of the world’s largest shipbuilder China State Shipbuilding Corp, announces that it has achieved the milestone of delivering 100 large-scale container ships. [Photo provided to chinadaily.com.cn] With the…
Shanghai’s exports soared 18.2 percent year-on-year to a record high of 186.6 billion yuan ($26.5 billion) in November, as per the data released by the city’s customs on Thursday. With its imports growing by 4.4 percent year-on-year, Shanghai’s total import and export value surged 10.6 percent to nearly 387.5 billion yuan in November. With this,…
Companies and institutions began receiving benefits on Thursday as the Hainan Free Trade Port began its island-wide special customs operations. Siemens Energy became the first foreign-invested enterprise to register, receiving its business license at the Yangpu administrative service center in Danzhou. The company simultaneously broke ground on a new gas turbine assembly base and service…
The island-wide special customs operations of the Hainan Free Trade Port officially commenced on Thursday, marking a new phase in Hainan Island’s opening-up. Bank of China Hainan Branch is stepping up support to help the island build a high-level open financial system. The recommendations for China’s 15th Five-Year Plan (2026-30) explicitly call for developing the…
The Complete Chronological Biography of Tong King-sing, a systematic account of the life and innovative achievements of a leading industrial and commercial figure of the late Qing period, was launched recently in Zhuhai. Tang Tingshu, also known as Tong King-sing, was a key pioneer of China’s early industrialization. He founded the Kaiping Mines, China’s first…
BEIJING – China will enhance regulation over photovoltaic (PV) manufacturing capacity in 2026, using market and legal measures to phase out outdated production and achieve a better balance between supply and demand, an industry official said on Thursday. Yang Xudong, an official with the Ministry of Industry and Information Technology, described 2026 as a crucial…