China will step up policy support to consolidate its recovery trend and guard against mounting uncertainties, highlighting both progress in the first half of the year and challenges ahead, according to a report unveiled on Wednesday. At the second plenary meeting of the 14th National People’s Congress Standing Committee’s 17th session, Zheng Shanjie, head of…
The Anshun-Panzhou section of Shanghai-Kunming Expressway, being partially built by China Railway No 4 Engineering Group, progresses steadily in Guizhou province. SHI JIAMIN/FOR CHINA DAILY Dubbed “the Cool City of China”, prefecture-level Liupanshui in Southwest China’s Guizhou province is proud of its county-level Liuzhi special district which is home to people from 32 ethnic groups,…
An employee works at the workshop of CRRC’s subsidiary in Qiqihar, Heilongjiang province. [Photo/Xinhua] Urban rail development is expected to be the key to sustaining China’s investment on a long-term basis, as it can integrate elements from both traditional and new infrastructure projects to support the country’s economic growth, industry experts said. Opportunities in the…
The China-constructed Techo International Airport officially opened to traffic on Tuesday in what was a major leap forward for Cambodia’s aviation industry. [Photo provided to chinadaily.com.cn] China Construction Third Engineering Bureau Group Co Ltd (CCTEB), China’s airport construction leader, has built more than 100 aviation hubs at home and abroad and is seeking to further…
A view of the booth of Bank of China during an expo in Beijing. ZHANG WEI/CHINA DAILY Chinese banks ramped up support for technology financing in the first half, with State-owned commercial lenders taking the lead and showing the early results of channeling financial resources into innovative enterprises. As of end-June, the total balance of…
BEIJING – China’s auto market maintained steady expansion in August, with both production and sales reporting double-digit increases, data from the China Association of Automobile Manufacturers (CAAM) showed on Thursday. The country’s auto output reached about 2.82 million units last month, a 13 percent increase from the same period a year ago, while auto sales…
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China’s auto production and sales both surpassed 20 million units in the January–August period for the first time, with new energy vehicles accounting for 45.5 percent of total new car sales, according to data released by the China Association of Automobile Manufacturers (CAAM) on Thursday. During the period, auto production reached 21.05 million units and…
BEIJING – The People’s Bank of China (PBOC), China’s central bank, has renewed bilateral currency swap agreements with the European Central Bank (ECB), the Swiss National Bank (SNB), and the National Bank of Hungary (MNB), respectively. The size of the PBOC-ECB swap is 350 billion yuan (nearly $50 billion), or 45 billion euros, and is…
Seres Power holds a technology launch ceremony in Munich, Germany, on Sept 9, 2025. [Photo provided to chinadaily.com.cn] Seres Power, the drivetrain arm of Chinese automaker Seres Group, is showcasing its latest products at the IAA Mobility in Munich, Germany, as it seeks to expand its technology footprint beyond China. At an event on Tuesday,…