Skip to content

News

China reports sharp increase in EV charging facilities

BEIJING — The number of charging piles for electric vehicles (EV) in China reached 11.43 million as of the end of September this year, marking an increase of 49.6 percent from a year ago, latest government data showed. Among them, around 3.33 million were public charging facilities while 8.1 million were private, according National Energy…

China revises rules to ease foreign strategic investment in listed firms

A view of Shanghai’s Lujiazui area in July 2021. [Photo/IC] BEIJING – Chinese authorities on Friday released revised rules on foreign investors’ strategic investment in listed companies in a move to encourage foreign investors to make long-term and value investment in the country. The revised rules, jointly released by six government departments, including the Ministry…

Hong Kong sees brisk ETF trading in first 9 months

HONG KONG – Hong Kong’s average daily turnover of ETFs reached HK$13 billion ($1.67 billion) in the first three quarters of 2024, up 10 percent from the 2023 full-year average, local data showed on Tuesday. The increase widens to 32 percent when compared to the average in full year 2022, said Joseph Chan, acting secretary…

Sinopec signs deal for 30m tons of LNG

The logo of China Petroleum and Chemical Corp (Sinopec). [Photo/VCG] China Petroleum and Chemical Corp (Sinopec) has signed a 15-year deal with TotalEnergies for 2 million metric tons of liquefied natural gas (LNG) annually from 2028, which is expected to further bolster TotalEnergies’ foothold in China’s energy market and advance the country’s clean energy goals,…

CNPC and ADNOC: a new chapter in energy cooperation for mutual benefit

CNPC signs a strategic collaboration agreement with ADNOC in Beijing in July. CHINA DAILY Under the Belt and Road Initiative, China National Petroleum Corporation (CNPC) and the United Arab Emirates (UAE) have forged a robust partnership in the energy sector, achieving notable successes. The cooperation is anchored in the principle of “mutual benefit and prosperity,”…

Danish firm Aquaporin aims to expand footprint in China through CIIE

Danish Ambassador to China Michael Starbaek Christensen addresses at the opening ceremony of Aquaporin’s booth at the 7th China International Import Expo on Nov 6. [Photo by Gu Yingjie / chinadaily.com.cn] Danish technology company Aquaporin made its debut at the 7th China International Import Expo (CIIE) as they officially opened their booth to the public…

Global medical firms debut hundreds of latest products at CIIE

The kidney care business of Baxter will be spun off and formed as a separate company Vantive. [Photo provided to chinadaily.com.cn] Global medical companies are launching hundreds of state-of-the-art technologies in the medical product pavilion of the ongoing China International Import Expo. Siemens Healthineers displays nearly 20 cutting-edge technology products and a wide array of…

Porsche showcases iconic turbo spirit at CIIE

The electric Macan Turbo and the 911 Turbo (930) are showcased at the 7th China International Import Expo, which runs from Nov 5 to 11 in Shanghai. [Photo provided to chinadaily.com.cn] German sportscar maker Porsche is showcasing its pioneering “turbo spirit” at the ongoing China International Import Expo as it transitions from the era of…

Shandong builds more high-standard cropland for higher output

A farmer drives a harvester in Weicheng district of Weifang city, East China’s Shandong province, June 5, 2024. [Photo/Xinhua] In the prefecture-level city of Heze in southwestern Shandong province, Juye county is developing its more of its permanent basic cropland into high-standard cropland, so as to boost its grain output. The country is calling all…

BMW looks to deepen cooperation, innovation

A BMW M5 is seen at the BMW booth at the 7th China International Import Expo. [Photo by Li Fusheng/chinadaily.com.cn] BMW said it is looking to strengthen cooperation and innovation with China’s leading technology players to develop products tailored to meet the needs of Chinese consumers. The German premium carmaker made the remarks on Tuesday…