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MPay Tap! powers Macao’s smart living vision

MPay Tap!, a tap-to-pay service that was launched across Macao by Macao Pass in partnership with Alipay on Monday, offers customers a more convenient payment experience while advancing Macao’s digital economy and smart-city development. Built on Alipay Tap! technology, which combines near-field communication (NFC) and barcode payment capabilities, MPay Tap! provides an instant, one-tap payment…

China, US bolster semi-conductor cooperation in high-level talks

Ren Hongbin, chairman of the China Council for the Promotion of International Trade (CCPIT), led a Chinese business delegation in a meeting with executives of the Semiconductor Industry Association (SIA) in the United States on Wednesday, where both sides exchanged views on advancing cooperation in the semiconductor sector. According to a statement released by the…

China CITIC Bank awarded ‘Bank of the Year China 2025’ by The Banker

[Photo provided to chinadaily.com.cn] China CITIC Bank has been awarded the prestigious “Bank of the Year China 2025” title by The Banker, a renowned international financial publication. This recognition is in honor of the bank’s successful implementation of a people-centered, all-age-friendly financial service model within the framework of national development strategies. This marks the second…

China approves compliant rare earth exports for civilian use

China has been approving all compliant rare earth export applications for civilian use without delay, the Ministry of Commerce said on Thursday. The ministry made the remarks in response to a survey released on Monday by the European Union Chamber of Commerce in China, showing that a majority of respondents had already been or expected…

Forum highlights economic benefits of women in leadership

The Cheung Kong Graduate School of Business concluded its 12th Women in Leadership Forum on Tuesday, bringing together over 500 executives and leaders to discuss how women are spearheading innovation in technology, branding, and intellectual property. The annual forum, held in Beijing, has become a key platform in China for addressing women’s leadership and its…

Guinea’s Simandou project exports 1st iron ore shipment to China

A vessel carrying 200,000 tons of high-grade iron ore departed Guinea’s Port of Maretapa for China on Tuesday. [Photo provided to chinadaily.com.cn] A vessel carrying 200,000 tons of high-grade iron ore departed Guinea’s Port of Maretapa for China on Tuesday, marking the first shipment from the Simandou project and bringing one of the world’s most…

As A-share stocks rise, future valuation looks promising, experts say

Buoyed by the price rally of A-share electrical machinery, robot actuator, and commercial aviation companies, all three major benchmark indexes reported gains during the morning trading session on Thursday, with the technology-focused ChiNext in Shenzhen rebounding strongly by 0.76 percent. Shanghai Composite Index rose by 0.04 percent, while Shenzhen Component was up by 0.35 percent.…

Record-high parcel volume reflects China’s economic vitality

Robotic arms sort parcels at the central station of Hefei postal zone under Anhui branch of China Post Group Co Ltd in Hefei, East China’s Anhui province, Aug 19, 2025. [Photo/Xinhua] BEIJING – In Shenzhen, South China’s Guangdong province, a citizen surnamed Li received a parcel recently. It was a smart learning tablet he had…

China’s finance ministry to issue 7b yuan of treasury bonds in HK

BEIJING – China’s Ministry of Finance on Wednesday said that it will issue this year’s sixth batch of renminbi-denominated treasury bonds in the Hong Kong Special Administrative Region on Dec 10. The scale of the bonds will be 7 billion yuan ($989.34 million), according to a statement released by the ministry. Specific issuance arrangements will…

Tourists embrace new payment habits

Spending patterns among China’s inbound travelers are shifting toward card-based transactions, experiential and everyday scenarios, underscoring the nation’s progress in improving bank card acceptance and payment convenience, said a recent report by the World Tourism Alliance. It said experiencing Chinese culture is increasingly the primary motivation for foreign visitors. This growing appetite for cultural depth…