Chinese railway builders start laying tracks on Sept 8 along the Xi’an-Shiyan High-Speed Railway route, expanding the country’s high-speed rail network. [Photo by ZHAO MENGTING/for chinadaily.com.cn] As part of the nation’s push to expand its high-speed rail network, a key railway project has recently begun laying tracks, in a bid to slash travel time between…
BEIJING — China’s foreign exchange reserves totaled $3.3222 trillion at the end of August, up by $29.9 billion, or 0.91 percent, compared to the end of July, official data showed Sunday. The State Administration of Foreign Exchange attributed the increase to the combined impact of currency translation and changes in asset prices. In August, the…
China is moving to enhance the coordination between its fiscal and financial policies to increase investment support for a broader range of public services, said Finance Minister Lan Fo’an during the ongoing session of the Standing Committee of the National People’s Congress, China’s top legislature. China will continue to implement consumption-boosting initiatives, including loan interest…
China’s foreign trade will pick up further pace this year as manufacturers shift toward more technology-intensive exports and strengthen ties with emerging markets, government officials and business leaders said on Monday. They noted that Chinese exporters’ push for market diversification, along with improvements in regional connectivity and supply chains, is helping to bolster resilience and…
An image taken on May 10 shows a vessel laying submarine cables off Lingshui, Hainan province, to support the building of China Unicom’s international submarine cable landing station. [Photo provided to China Daily] China Unicom is advancing the development of key digital infrastructure, including international submarine cables and Haikou International Information Port, to support Hainan…
In its first eight months of official operations, the Shanghai International Reinsurance Exchange traded nearly 4.4 billion yuan ($617.87 million) of insurance premiums, according to an official with the exchange. The value of outward insurance, under which the insurer transfers the insurance to another insurance company, approached 94.6 billion yuan, while the value of inward…
China’s top securities regulator vowed over the weekend to step up law-based supervision and make strong efforts to advance high-quality capital market development, following the announcement that its former chairman is under investigation. Financial experts said the pledge reflects the country’s firm determination to address the remaining structural challenges in the capital market to foster…
Photo shows a view of Nansha Port in Guangzhou, South China’s Guangdong province. [Photo provided to chinadaily.com.cn] China’s foreign trade will pick up further pace this year as manufacturers shift toward more technology-intensive exports and strengthen ties with emerging markets, government officials and business leaders said on Monday. They noted that Chinese exporters’ push for…
CAI MENG/CHINA DAILY The strategic rivalry between China and the United States is a protracted one, the nature and duration of which are not determined by China’s will alone. Through decades of persistent and unwavering efforts, China has laid a solid foundation. This very foundation has provided the confidence for China to engage in strategic…
[Photo provided to chinadaily.com.cn] The Magnum Ice Cream Company (TMICC) outlined its growth strategy and financial outlook during its inaugural capital markets day in London on Tuesday. During the event, Magnum’s management presented its business strategy and financial framework ahead of the planned demerger from Unilever PLC and standalone listing, both of which are expected…