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Open, innovative China to bolster APEC at global economic forefront

BEIJING – China’s push for greater openness and global collaboration was prominently showcased at the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting in the Republic of Korea. With its steadfast commitment to high-level opening up and strong innovative capabilities, the world’s second-largest economy is well-positioned to drive a prosperous future for the Asia-Pacific region and…

China unveils outcomes of China-US economic, trade talks in Kuala Lumpur

BEIJING — China’s Ministry of Commerce on Thursday unveiled the outcomes achieved by Chinese and US delegations during their recent economic and trade talks in Kuala Lumpur. The US side will cancel the 10-percent so-called “fentanyl tariffs” and suspend, for an additional year, the 24-percent reciprocal tariffs levied on Chinese goods, including goods from the…

Hainan poised to become regional economic hub

Yachts and motorboats shuttle near an island in Sanya, Hainan province, on Aug 3. YE LONGBIN/FOR CHINA DAILY China’s upcoming launch of island-wide special customs operations at the Hainan Free Trade Port on Dec 18 underscores the country’s push for high-level opening-up and its efforts to play a bigger role in regional economic integration, experts…

Track-laying starts on Anhui rail to better link Yangtze River Delta region

Builders from China Railway No 4 Engineering Group start laying tracks for the whole line of Fuyang-Huaibei High-speed Railway in northern Anhui on Oct 28, helping the region to better integrate into the Yangtze River Delta region. [ZHAO MENGTING / For chinadaily.com.cn] Amid the nation’s drive to boost strength in transportation and develop a modernized…

China weighs export waivers for eligible tech shipments amid Nexperia scrutiny

China will consider granting export exemptions to eligible shipments after conducting a comprehensive review of companies’ actual circumstances, the Ministry of Commerce said on Saturday, in response to media questions regarding Nexperia, a Chinese-owned semiconductor company based in the Netherlands. China had previously responded to media inquiries on the matter, emphasizing that the Dutch government’s…

China Innovation Index up 5.3% in 2024: official data

An employee works at a smart production facility in Tianjin. [Photo/Xinhua] BEIJING — The China Innovation Index, a barometer of the country’s innovation capability, rose steadily in 2024, official data showed on Wednesday. The index increased by 5.3 percent from the 2023 level to 174.2 last year, according to the National Bureau of Statistics (NBS).…

Solar power installations slow amid reform moves

Technicians check solar panels at a power station in Tianchang, Anhui province, on Oct 14. SONG WEIXING/FOR CHINA DAILY China’s new solar power installations in September, though slightly up from August’s near three-year low, remained sharply below levels from a year earlier, official data show. China added 9.66 gigawatts of solar capacity last month, up…

China seeks to enhance rules for mutual fund performance benchmarks

The China Securities Regulatory Commission unveiled a draft guideline on Friday to enhance the role of performance benchmarks in regulating mutual fund investments, marking a key step to refine capital market rules and align them more closely with mature overseas markets. According to reliable experts, the implementation of the guideline will bring China’s mutual fund…