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A manager (left) introduces cross-border payment services of XTransfer, a Shanghai-based platform, to an overseas buyer during the 137th China Import and Export Fair in Guangzhou, Guangdong province, on April 15. QIU QUANLIN/CHINA DAILY Chinese fintech service platforms launched incentive policies during the recent 137th China Import and Export Fair, popularly known as the Canton Fair,…
A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] BEIJING — China issued 10.06 trillion yuan ($1.39 trillion) in new yuan-denominated loans in the first four months of 2025, central bank data showed on Wednesday. At the end of April, outstanding yuan loans amounted to 265.7 trillion yuan, up 7.2 percent…
An exterior view of a Huawei store in Shanghai on May 14, 2025. [Photo/VCG] Washington’s latest attempt to ban the use of Huawei Technologies Co’s Ascend artificial intelligence chips “anywhere in the world” is an unprecedented government-initiated crackdown on a Chinese private company, experts said. Such efforts are doomed to fail as China’s semiconductor industry,…
Food delivery drivers weave in and out of traffic in Yancheng, Jiangsu province, May 14, 2025. [Photo/VCG] China’s top market regulator and four other government authorities have jointly summoned major food delivery platforms and urged them to rectify unfair market practices and better protect the rights of consumers, merchants and delivery staff. The move comes…
Two staffers from State Grid Anyang Power Supply Co guide a new energy vehicle driver in using a charging pile in the Taihang Mountain Grand Canyon in Anyang, Henan province, prior to the May Day holiday. SU SHIYI/FOR CHINA DAILY In the prefecture-level city of Anyang in Henan province, the Taihang Mountain Grand Canyon spans…
With China and the United States agreeing to de-escalate trade tensions, European companies are urging both sides to resolve differences through constructive engagement and refrain from actions that could disrupt global trade and investment activities, said the European Union Chamber of Commerce in China. While the chamber is encouraged by the tariff adjustment measures announced…
In 2024, in the EU, 52.9% of enterprises with 10 or more employees conducted meetings remotely via the internet. With a 2.9 percentage points (pp) increase from 2022, this indicates that the changes implemented in work models during the COVID-19 pandemic might be here to stay. Among the EU countries, there was a large variation…
Press corner | European Commission Source
China will implement the full-chain management of strategic minerals to ensure effective enforcement of control measures, and safeguard national security and development interests, said a spokesperson from the Ministry of Commerce. The official’s remarks came after the government announced earlier this week that it would tighten export controls on strategic minerals, with a focus on…