A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] BEIJING — China’s foreign exchange reserves have remained above $3.2 trillion for 16 straight months, official data showed Monday. The reserves amounted to $3.24 trillion at the end of March, up by $13.4 billion, or…
Chinese automakers showcase their models at the Diaoyutai State Guesthouse in Beijing during the China EV100 Forum, which ran from March 28-30. CAO YINGYING/CHINA DAILY The Chinese automotive industry is experiencing a profound transformation fueled by electrification, intelligence and globalization, with cross-border integration and technological innovation serving as the key drivers of industry advancement. Automobiles are…
China’s Ministry of Commerce and General Administration of Customs on Friday announced export control measures on certain items related to seven types of medium and heavy rare earths. [Photo/Xinhua] BEIJING — China’s export control measures on certain rare earth-related items have demonstrated its firm commitment to maintaining world peace and security, China Nonferrous Metals Industry…
MUFG China is hitting a “sweet spot” as Chinese companies accelerate to expand their footprint in the Asian market, making China-related business increasingly crucial to the Japanese banking group’s layout in the region, said an executive. “We’ve been helping more and more of our clients operate and grow their business in this region in the…
This photo taken on Nov 27, 2024 shows the booth of Geely Holding Group at the second China International Supply Chain Expo (CISCE) in Beijing, capital of China. [Photo/Xinhua] BEIJING – China and the European Union (EU) have agreed to promptly resume their negotiations on a price commitment plan regarding the anti-subsidy probe into Chinese…
An aerial photo taken on March 4, 2025 shows a vessel about to dock and unload containers at Qinzhou Port in Qinzhou, South China’s Guangxi Zhuang autonomous region. [Photo/Xinhua] Based on rough estimates, if the United States ends the duty-free “de minimis” treatment of low-value imports from China, each US household is projected to face…
An employee sorts roses at a facility powered by a multi-energy project at Dakui Mountain in Zibo, Shandong province. CHINA DAILY A groundbreaking multi-energy project in Zichuan district of Zibo, Shandong province, is transforming derelict mining sites into a model of sustainable development, with experts hailing its potential for replication elsewhere in China and across Asia.…
People take photos with blooming flowers in Chaoyang district of Beijing on April 5, 2025. [Photo/Xinhua] Qingming Festival, or Tomb-Sweeping Day, fell on April 4 this year. It is a traditional Chinese festival during which people pay tribute to the dead and worship their ancestors. The holiday also provides a short break for China’s residents…
A robotaxi vehicle seen on a street in Beijing. CHINA DAILY Chinese self-driving auto companies are intensifying efforts to make forays into overseas markets as part of a broader drive to bolster the large-scale commercial application of autonomous driving technology and enhance the competitiveness of domestic enterprises on the global intelligent automotive landscape. Chinese tech heavyweight…
A customer shops at Holiland and Sexy Tea, a popular tea brand also known as Modern China Tea Shop, in Yichang, Hubei province on Dec 24. LI YALONG/FOR CHINA DAILY From the first restaurant that required customers to pedal bicycles to generate electricity, to the first cup of bubble tea delivered by drones — and the…