A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] SHANGHAI – The New Development Bank (NDB) has issued a three-year panda bond worth 7 billion yuan ($971 million) in China’s Interbank Bond Market, the bank announced on Thursday. Panda bonds are yuan-denominated debts sold by…
A Yonghui store that optimizes according to customer needs opens in the Daxing district of Beijing on March 28, 2025. [Photo/VCG] In response to new rounds of United States’ tariff hikes and ongoing global supply chain disruptions, Chinese retailer Yonghui Superstores launched a “green channel” initiative aimed at supporting domestic supply chain enterprises grappling with…
Export-bound automobiles await shipment in Taicang, Jiangsu province. JI HAIXIN/FOR CHINA DAILY Chinese vehicles are relatively immune from the United States’ tariff impacts due to the limited number of such direct exports to the US and nearly nonexistent sales of domestic brands in that market, said Cui Dongshu, secretary-general of the China Passenger Car Association.…
A customer shops at a supermarket in Binzhou, Shandong province, on April 10, 2025. CHU BAORUI/FOR CHINA DAILY China may soon launch a comprehensive set of additional macroeconomic measures to cushion a potentially substantial demand shock due to the United States’ tariff hikes, reiterating its commitment to the preset annual economic growth target, said economists…
As of 1 January 2025, 22 out of 27 EU countries have national minimum wages, making Denmark, Italy, Austria, Finland and Sweden the exceptions. In January 2025, 10 EU countries had minimum wages below €1 000 per month: Bulgaria (€551), Hungary (€707), Latvia (€740), Romania (€814), Slovakia (€816), Czechia (€826), Estonia (€886), Malta (€961), Greece…
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Editor’s note: The United States’ recent announcement of a new round of tariffs policies has sparked strong criticism, with experts warning that US consumers will be ‘hammered’ heavily by it and bear the brunt of the costs. Let’s see what the opinion-shakers say. A screenshot from the official website of CNN. [Image/edition.cnn.com] American consumers will…
A customer inspects Leapmotor vehicles at a store in Yangzhou, Jiangsu province, in December. CHEN YANG/FOR CHINA DAILY The Chinese automotive market sustained its growth momentum as automakers posted record-breaking sales figures for March, with competition notably intensifying in the new energy vehicle sector. Among NEV startups, Leapmotor claimed the top spot for the first…
A Rolls-Royce turbine is displayed during a media tour ahead of the opening of the Hannover Messe in Hanover, Germany, March 30, 2025. [Photo/Agencies] British industrial conglomerate Rolls-Royce said while geopolitical tensions present challenges, it remains steadfast in its commitment to the China market. China has been an important ecosystem for the company, and it…
A container ship leaves Qingdao Port, Shandong province. [YU FANGPING/FOR CHINA DAILY] The joint efforts of China and the European Union to uphold a rules-based multilateral trading system and promote trade liberalization will enhance the stability and certainty of global trade and the world economy, said senior trade officials on both sides. During his meeting…