The logo of TikTok is seen on the screen of a smartphone in Arlington, Virginia, the United States, March 13, 2024. [Photo/Xinhua] Chinese tech heavyweight ByteDance, the parent company of short-video app TikTok, said on Saturday that it is still in discussion with the US government regarding plans to keep the app operational in the…
A US cargo ship docks at the Qingdao Port, Shandong province. [Photo by Yu Shaoyue/For China Daily] The United States will likely experience more pain from retaliatory tariffs than China, said Steve Cochrane, chief Asia-Pacific economist at Moody’s Analytics during an interview with CCTV News on Monday. He explained that while the US is China’s…
China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA The United States’ new tariff push has limited impact on Chinese companies in several sectors, such as steel, information and communication, automobile, power equipment, pesticides and fertilizers, home appliances, as well as the food and beverage industries, Chinese financial news outlet…
BEIJING — China Chengtong Holdings Group Ltd, a capital operation company under the country’s state-assets regulator, said that it has increased its holdings of exchange-traded funds (ETFs) and centrally administered State-owned enterprise stocks, in an effort to safeguard the stable operations of the capital market. In a Monday statement, the company said that it remains…
A pedestrian passes the Shanghai Stock Exchange in Pudong New Area. WANG GANG/FOR CHINA DAILY China has launched its own version of a “stock market stabilization fund” as the country’s central bank vowed to provide funding support for the Central Huijin Investment Ltd to increase holdings in the A-share market, analysts said. On Tuesday, the…
Lin-gang Special Area, launched in 2019 as part of the China (Shanghai) Pilot Free Trade Zone to better connect domestic and overseas markets, has deepened its two-way opening-up in a bid to address companies’ development needs and facilitate the area’s high-quality economic growth. One major step can be seen with Tesla’s energy storage facility in…
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This photo taken from Jingshan Hill on Aug 12, 2024 shows the skyscrapers of the central business district (CBD) on a sunny day in Beijing. [Photo/Xinhua] The Ministry of Finance has said it deeply regrets and firmly disagrees with Fitch Ratings’ decision to downgrade China’s sovereign credit rating, describing the move as “biased” and “failing…
The United States’ “reciprocal tariff” policy may trigger disruptions to global industrial and supply chains, said industry associations, adding that such actions will harm the interests of businesses and consumers — including in the US itself. Hildegard Muller, president of the German Association of the Automotive Industry, said that the new US tariffs represent Washington’s…
A consumer browses infant formula at a supermarket in Shanghai in January. CHINA DAILY China Feihe Ltd, a leading infant formula brand in China, announced on March 26 that it will roll out a subsidy program aimed at improving birth rates nationwide in early April. The program will offer expectant families subsidies of at least 1,500…