NANJING – Nanjing, the capital of East China’s Jiangsu province, on Monday announced that it is completely lifting home resale restrictions amid a series of measures to promote the stable and healthy development of the property sector. Effective from Monday, commercial housing can be listed for resale as soon as the owner obtains a property…
(FILES) A cargo ship and tugboat sail through the Cocoli Locks at the Panama Canal, in Panama, on August 12, 2024. [Photo/Agencies] China’s top market regulator said on Friday it will carry out an antitrust review of CK Hutchison’s possible Panama Canal ports’ deal in accordance with laws to ensure fair market competition and protect…
Car bodies are seen at the plant of Seres in Chongqing city in Southwest China. [Photo provided to chinadaily.com.cn] Chinese automaker Seres achieved revenue of 145.18 billion yuan ($19.98 billion) in 2024, marking a staggering 305.04 percent rise year-on-year, according to its financial results released late on Monday. Its net profit attribuated to shareholders stood…
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China is likely to take countermeasures if France proceeds with a fast fashion bill that could disproportionately impact Chinese e-commerce giants such as Shein and Temu, said experts on Monday. They made the comments as French lawmakers plan to impose punitive measures on fast fashion, which will see incremental fines of up to 10 euros…
A shopper browses Japanese goods at a sales exhibition of products from China, Japan and South Korea, in Qingdao, Shandong province. WANG HAIBIN/FOR CHINA DAILY Amid tariff increases by the United States and growing economic fragmentation worldwide, China, Japan and South Korea — three manufacturing powerhouses that depend heavily on foreign trade — are likely to…
China will ratchet up resources to deepen reforms related to the market-oriented allocation of data elements and facilitate the high-quality development of both the digital economy and digital society, as part of a broader push to advance the building of a “Digital China”, the country’s top data governance regulator said on Monday. Liu Liehong, head…
China’s continued push for high value-added manufacturing is reshaping the nation’s global talent strategy in the face of new demands and challenges from overseas employment, according to an industry report. Sectors such as new energy, automobiles, mechanical equipment, and electronic and electrical products are leading the transition to high value-added manufacturing, accounting for around a…
China’s major State-owned commercial banks plan to raise up to 520 billion yuan ($71.7 billion) via private placements from investors, including the finance ministry, a forward-looking move which analysts said will help forestall financial risks and better support the real economy. The fundraising aims to replenish core tier-1 capital — the core capital held in…
Electricians check solar panels at a photovoltaic power plant in the Inner Mongolia autonomous region. WANG ZHENG/FOR CHINA DAILY China’s non-fossil fuel power generation capacity reached a historic 2-billion-kilowatt milestone by the end of February, solidifying the country’s global leadership in the transition away from fossil fuels and marking a pivotal step toward its ambitious…