China’s foreign exchange reserves increased for the third consecutive month in October to a new decade high, while the country’s official gold reserves rose for the 12th consecutive month, according to official data. The country’s foreign exchange reserves increased to $3.3433 trillion as of the end of October, up 0.14 percent or $4.7 billion from…
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Direct payments to farmers make up an average of 19% of a farmer’s income in the EU. The European Commission’s proposal for the Common Agricultural… Read More »The CAP 2028–2034 proposal explained: fairer, better targeted income support for farmers
Profits of key steel enterprises in the first three quarters of 2025 hit their highest level for the same period in the past four years, according to Jiang Wei, vice-chairman and secretary-general of the China Iron and Steel Association. The surge was driven by the steel industry’s efforts in production control, supply optimization, industrial upgrading…
Consumers seen at a Starbucks store in Hangzhou, Zhejiang province, on Sept 9. LONG WEI/FOR CHINA DAILY Starbucks Coffee Co announced on Tuesday that it has sold a majority stake in its China business to Boyu Capital, a leading Chinese investment firm, forming a joint venture that will operate Starbucks’ retail operations in the country.…
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Alexander Pollich, president and CEO of Porsche China, delivers a speech at the opening ceremony of the new R&D hub in Shanghai on Nov 5, 2025. [Photo provided to chinadaily.com.cn] German sports car maker Porsche has opened an integrated research and development center in Shanghai, deepening its push to localize technology and product development in…
As the 2025 World Internet Conference (WIC) Wuzhen Summit opened on Friday in the water town in Zhejiang province, five individuals and 14 enterprises were named as winners of the annual Distinguished Contribution Award. The WIC award celebrates breakthroughs in global internet development and governance. Among this year’s honorees was Qian Hualin, a pioneer of…
A parade float takes part in a grand gathering to celebrate Xizang autonomous region’s 60th founding anniversary in Lhasa, Southwest China’s Xizang autonomous region, Aug 21, 2025. [Photo/Xinhua] The Xizang autonomous region received 63.7 million domestic and international tourists in the first three quarters of 2025, generating a cultural industry output of 11.25 billion yuan…
The Haier Group has used the 8th China International Import Expo in Shanghai to highlight the country’s growing capacity for homegrown medical innovation as well as making the case for the greater integration of artificial intelligence into healthcare services. Participating in the expo for the sixth year running, Haier’s healthcare unit Incaier presented more than…