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Global ties more critical amid uncertainties

While the tariff policies wielded by the United States have ushered global businesses into a period of increased uncertainty, China is focused on building open and shared industrial chains to embrace international cooperation, and is leveraging its growing consumption momentum to boost global demand, senior economists said. “While the high tariffs tipped by US President…

Real magic of AI lies in industrial use: President of US-China Business Council

The real magic of artificial intelligence is the industrial use of AI, said Sean Stein, president of the US-China Business Council, on the sidelines of the China Development Forum 2025. “AI becomes a platform to speed up the development of other critical technologies to create wealth, to develop new products, and that makes the world…

Shanghai attracts more foreign financial firms

Lujiazui, Shanghai’s financial center, forms a perfect backdrop to Shanghai’s Bund. [Wang Gang/For China Daily] The growing presence of more international industry leaders serves as a snapshot of Shanghai’s continued efforts to open up its financial market and bring its financial capacity to the next level. A new Memorandum of Understanding signed between the Shanghai…

Standard Chartered pioneers ‘Global Chinese Services’ initiative

To highlight Standard Chartered Bank’s role in China’s modernization, the bank opens the “PIXEL HORIZONS 1858-2025:Standard Chartered Global Chinese CONTINUUM” in Shanghai on March 27, showcasing its 167-year history in China. [Photo provided to chinadaily.com.cn] Standard Chartered Bank, a bank with a 167-year history in China, has pioneered an initiative — “Global Chinese Services” —…

Net inflow of foreign investment into Chinese debt securities reaches around $47b

The net inflow of foreign investment into Chinese debt securities rose more than fourfold to $46.8 billion in 2024 as the comprehensive return from investments in yuan-denominated bonds kept stable, the State Administration of Foreign Exchange said on Friday. Meanwhile, China attracted new capital for inward equity-based foreign direct investment worth $90.9 billion in 2024,…

EU hourly labour costs ranged from €11 to €55 in 2024

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BlueFive Capital CEO praises Chinese tech innovations

At the Boao Forum for Asia Annual Conference 2025, Hazem Ben-Gacem, CEO of Abu Dhabi-based asset management company BlueFive Capital, expressed his admiration for Chinese tech innovations such as DeepSeek and vowed to increase investments in China. “When people can’t tell if we’re a Middle Eastern or Chinese investment firm, that’s when I’ll know we’ve…

EU received 4.3 million immigrants in 2023

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German enterprises double down on China investment amid growing global uncertainties

Hermann Simon, a renowned German economist known as the father of the “Hidden Champions” theory, delivers a speech in Bozhou, East China’s Anhui province, March 25, 2025. [Photo/Xinhua] HEFEI – Rising tariffs from the United States are making it more challenging for German companies to export there, increasing the need for strengthening trade ties between…