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China’s ENN inks 15-year LNG supply deal with ADNOC

ENN LNG (Singapore) Pte Ltd has signed a long-term LNG Sale and Purchase Agreement (“SPA”) with ADNOC. [Photo/enn-ng.com] ENN LNG (Singapore) Pte Ltd, said on Monday that it has signed a long-term LNG Sale and Purchase Agreement (“SPA”) with ADNOC, the largest LNG deal by volume ever signed between the UAE and a Chinese partner.…

Global biz leaders condemn US tariff policies

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Energy giants to attend World Gas Conference in Beijing

The “Olympics” of the energy sector, the World Gas Conference, will make its debut in China, taking place in Beijing from May 19 to 23, said the organizing committee on Friday. The event will feature over 80 events including opening and closing ceremonies, high-level discussions, plenary sessions, parallel forums, and more, with more than 3,000…

China’s electricity consumption rises nearly 5%

Two State Grid technicians check power transmission facilities in Chuzhou, Anhui province. [Photo by Song Weixing/For China Daily] China’s electricity consumption, a key barometer of economic activity, reported steady expansion last month, official data showed on Friday. Power use rose 4.8 percent year-on-year in March to hit 828.2 billion kilowatt-hours (kWh), according to data released…

Shein, Temu to raise prices for US consumers

Shein and Temu, two popular Chinese cross-border e-commerce platforms, have announced that they will raise prices for US consumers starting next week, a move that comes amid tariff hikes by the Trump administration. In a notice published on its official website, Shein told customers that “price adjustments” will go into effect on April 25. The…

Chinese airline launches flights from Chinese cities to Kobe, Japan

Direct flights linking Japan’s Kobe and Chinese cities of Shanghai and Nanjing, Jiangsu province were launched by Shanghai-based airliner Juneyao Airlines on Friday (April 18) and Saturday (April 19), respectively, marking the first batch of international flights operated at Kobe Airport. The two new direct flights, both operational on a daily basis, would further enrich…

Shanghai releases cross-border financial action plan

An action plan to further improve the facilitation of cross-border financial services provided in Shanghai was released on Monday, aiming to step up the support for Chinese companies’ outbound reach and better address the country’s Belt and Road Initiative. Made up of 18 detailed policies, the action plan will support various market entities to participate…

China to further develop household service industry

Students of an undergraduate program in home support services at Shanghai Open University attend a cooking class in July 2020. [Photo/chinanews.com] China will further promote the development of its home-based service sector including housekeeping, elder care and childcare services by expanding the scale and upgrading the service quality, and thus cultivate new growth point of…

JD offers free takeaway for delays, expands rider hiring

Chinese e-commerce giant JD announced on Monday that, starting today, consumers who wait more than 20 minutes for their takeaway orders will receive them free of charge. This move comes as its rival restricts food delivery riders to take orders from only one platform. The company said in an open letter that it will step…

White paper spotlights Hainan’s evolution into global retail tourism hub

The 5th China International Consumer Products Expo takes place on Sunday in Haikou, Hainan province. [By LI TIANPING/for chinadaily.com.cn] HAIKOU – Driven by booming tourism, innovative policies and robust retail growth, China’s island province of Hainan is rapidly becoming a vital domestic and international consumption destination, said a white paper released during the ongoing 5th…