London-based Shell will further ramp up its presence in China by expanding its petrochemical complex in Daya Bay of Guangdong province’s Huizhou, the global oil giant announced on Wednesday. The expansion, which is expected to be completed in 2028, will ensure further value creation by increasing exposure to high-value differentiated products primarily for the fast-growing…
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A businessman from Pakistan introduces products to visitors during the 2018 China International Winter Trade Fair for Tropical Agricultural Products in Haikou, Hainan province, on Dec 16. Yang Guanyu / Xinhua European Commission OKs insurance deal Chinese reinsurer China Re won approval from the European Commission on Dec 18 for its $865 million (759…
MA XUEJING/CHINA DAILY The implementation of a private pension program nationwide will serve as an important driver for the increased maturity of Chinese capital markets, but there is still room for it to attract more users with a willingness to open accounts and invest, said experts. According to a notice jointly released by five central…
A view of the Huangpu River in Shanghai. [Photo/VCG] China will continue to relax market access, expand institutional openness and foster a more enabling business climate, in order to better attract and utilize foreign investment, especially in the face of rising global protectionism and escalating geopolitical tensions, officials and experts said on Wednesday. As persistent…
“We are proud to deliver, on time, … CRRC’s first subway cars built in the United States.” JIA BO, chairman and president of China Railroad Rolling Stock Corp. “Major bike-sharing participants like Ofo invested heavily in the rapid market expansion and left less room for refined management and maintenance, making it difficult to drive to…
Bernardo Cabot first arrived in Shanghai in 2010 when he was sent by the Spanish hotel group, Melia Hotels International, to establish a presence in the Chinese market. The city was hosting the World Expo and the senior hotelier sensed the direction of the country’s development. “China knew very well what it wanted to be…
Source EUROSTATHighlights China Trade Q1China’s trade surplus contribution from the EU-USA bloc combined increasesChina’s trade with the EU-USA bloc increases as a percentage of China’s total trade in Q1China’s imports from the EU-USA bloc decrease as a percentage of total imports to ChinaChina’s exports to the EU-USA bloc remain the same as a percentage of…
Automakers, tech giants and governments are all racing to new tech horizons The Chinese government said it is paying great attention to intelligent vehicles and considers their development vital to easing the burden on transportation, energy consumption and environmental pollution, a top official said. “By 2020, the market scale of the country’s intelligent connected vehicles…
EU27 imports from China were down 11% in February. In the first two months of 2024, imports from China decreased to €74 billion from €90 billion a year earlier, marking a 17%% drop in imports by value.EU27 exports to China were down 13% in February. In the first two months of 2024, exports to China…