A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] A 0.5 percentage-point reduction in the reserve requirement ratio for eligible financial institutions took effect on Thursday, with the move expected to inject roughly 1 trillion yuan ($139 billion) of long-term liquidity into China’s financial market.…
A man walks next to Russian Kaspersky stand during the GSMA’s 2022 Mobile World Congress (MWC), in Barcelona, Spain, March 2, 2022. [Photo/Agencies] Russian cybersecurity giant Kaspersky has defied broader industry challenges to post robust growth in China, citing a 20-30 percent annual revenue surge over the past five years and touting its potential in…
Tourists from Australia visit the Tiantan (Temple of Heaven) Park in Beijing, capital of China, May 1, 2025. [Photo/Xinhua] China plans to accelerate the availability of tax refund stores for eligible overseas visitors to about 10,000 shops nationwide this year, almost tripling the current number, as the country continues to boost inbound tourism and consumption,…
A robot is pictured at the 8th Digital China Summit in Fuzhou, East China’s Fujian province, April 29, 2025. [Photo/Xinhua] China’s emphasis on accelerating the development of the digital economy and advancing the concept of “Digital China” will give the country a competitive edge in strategic emerging sectors and safeguard global security, said officials and…
China will take firm measures to safeguard the legitimate interests of its companies, following the United States’ latest attempt to block the global use of Huawei Technologies’ Ascend artificial intelligence chips, the Ministry of Commerce said on Thursday. At a weekly news briefing in Beijing, ministry spokeswoman He Yongqian said that the latest US announcement…
A large screen outside a building in Shanghai shows the closing index of the Shanghai A-share market on April 9. WANG GANG/FOR CHINA DAILY While transformation of the Chinese private equity sector has been advancing for years, the process will pick up pace as the types of deals are changing and industry leaders are playing a…
Shipping containers on the MSC Livorno await unloading at the Port of Long Beach, California on March 5, 2025. [Photo/Agencies] Chinese exporters to the United States are increasingly pivoting to the domestic market as overseas demand softens, with official tax data showing a steady uptick in local sales in April. Industry experts said that the…
In an exclusive interview with China Daily, Francisco Cafiero, director of the Center for Latin American Integration Studies “Manuel Ugarte” at the National University of Lanús (UNLa), highlights China’s role as a global supply chain hub. He emphasizes the potential for deeper cooperation between China and Argentina for mutual benefit. Tanks to chinadaily.com.cn Please visit:…
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Consumers select new energy vehicles in a BYD 4S store on March 11 in Qinhuangdao, Hebei province. CAO JIANXIONG/FOR CHINA DAILY China’s automobile production and sales have historically surpassed 10 million units in the first four months of this year, according to data released by the China Association of Automobile Manufacturers (CAAM) on Monday. From…