Chinese AI chipmaker Cambricon Technologies briefly surpassed liquor giant Kweichow Moutai to become the country’s most valuable onshore stock, highlighting the shifting drivers of China’s economic growth, analysts said. On Wednesday, Cambricon’s shares jumped nearly 10 percent in intraday trading to 1,461 yuan ($204) apiece, overtaking Moutai to claim the title of “stock king”. The…
BEIJING – China will roll out its departure tax refund policy in Jilin province from Sept 1, the Ministry of Finance said on Wednesday. The policy allows overseas tourists to claim back value-added tax on eligible purchases made at designated tax refund stores before leaving the country. Eligible regions can adopt the policy after filing…
Nestled in western Hunan province, Huaihua is a destination where ancient history, rich ethnic culture, and stunning natural scenery converge. Step into the Jingping Ancient… Read More »Tales & Trails: Explore Huaihua’s unique natural beauty and ethnic culture
CNOOC booth at an expo held in Shanghai on Dec 6, 2024. [Photo/VCG] China National Offshore Oil Corporation (CNOOC) announced on Saturday that its offshore heavy oil thermal recovery technology system and core equipment have achieved significant progress in large-scale application, with cumulative offshore heavy oil thermal recovery exceeding 5 million metric tons. This achievement…
From left: The booth of Bank of China at the third China International Supply Chain Expo. [Provided to China Daily] A staff member from Bank of China’s Chongqing Shapingba branch handles cross-border financial services for a customer. [SUN KAIFANG/FOR China Daily] According to the latest semi-annual report released by Bank of China on Friday, the…
BEIJING — Li Chenggang, China international trade representative with the Ministry of Commerce and vice-minister of commerce, visited the United States and held talks with US officials and business representatives from Aug 27 to 29 local time, the ministry said on Saturday. He met with officials from the US Department of the Treasury, the US…
Kazanqi folk tourism area in Yining city, Xinjiang Uygur autonomous region, is known for the ubiquitous blue color that adorns doors, windows, columns, porches and… Read More »Summer travel hits new highs
A woman tries e-CNY services at the Bank of China booth during the 2024 China International Fair for Trade in Services in Beijing. DU JIANPO/FOR CHINA DAILY The panda bond market, in which overseas institutions issue renminbi bonds in China’s onshore market, is poised to attract new issuers. On July 22, the Bank of China, as…
China’s top trade negotiator urged closer dialogue and cooperation with the United States during his talks in Washington earlier this week, calling for joint efforts to ensure stable and sustainable growth in bilateral economic ties, said the Ministry of Commerce in a statement on Saturday. Li Chenggang, China’s international trade representative and vice-minister of commerce,…
MOWU Italian restaurant serves traditional pizzas baked in imported Italian kilns, handmade pastas, and premium steaks. [Photo provided to chinadaily.com.cn] As summer’s long days slip away,… Read More »Taste the turning of seasons