BEIJING — China’s major commercial banks on Tuesday announced reductions in deposit interest rates, the first cuts this year. The one-year fixed-term deposit interest rate was lowered by 15 basis points to 0.95 percent, announced by the Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China, and China…
China and the Association of Southeast Asian Nations announced on Tuesday the official conclusion of negotiations on the Version 3.0 China-ASEAN Free Trade Area, according to the Ministry of Commerce. China and ASEAN launched negotiations for the upgraded trade deal in 2022. The two sides jointly declared the substantial conclusion of the negotiations in Vientiane, the…
Staff members work at a generator production workshop of Senci Mechanical & Electrical Co Ltd in Beibei district of Chongqing, Southwest China, May 9, 2025. [Photo/Xinhua] China’s first fundamental law dedicated to promoting the private economy took effect on Tuesday, marking a milestone in bolstering the development of the private sector, significantly stabilizing expectations and…
Visitors to the third China-Africa Economic and Trade Expo select products from Africa at the exhibition held in Changsha, Hunan province. CHEN ZHENHAI/XINHUA China will further deepen cooperation with Africa, a commitment of significant importance to bilateral relations and global development, officials and experts said in Beijing on Wednesday. The 4th China-Africa Economic and Trade…
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BEIJING — China’s Ministry of Commerce on Wednesday called the US attempt to globally ban advanced Chinese computing chips a typical move of “unilateral bullying and protectionism” that seriously undermines the global semiconductor industrial and supply chains. Tanks to chinadaily.com.cn Please visit: Our Sponsor
The 9th Silk Road International Exposition opens on Wednesday in Xi’an, the capital of Shaanxi province, drawing participants from over 40 countries and regions. [Photo by Qin Feng/chinadaily.com.cn] The 9th Silk Road International Exposition opened on Wednesday in Xi’an, the capital of Shaanxi province, drawing participants from over 40 countries and regions. Shen Yueyue, vice-chairwoman…
Shanghai released a set of 16 new measures on Thursday to facilitate the high-quality development of technology-focused service industry, which is projected to be advanced with 39 detailed reforms. A total of seven measures have been rolled out to improve market supply. Specifically, large technology infrastructure and scientific equipment will be further opened to the…
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A smart guided vehicle is tested at the container field on Wednesday at Rizhao Port in Shandong province. When put into service, the vehicles will be used to shuttle containers. [Photo provided to chinadaily.com.cn] The fully automated container terminal at Rizhao Port in Shandong province was bustling with activity on Wednesday, as driverless transport vehicles…