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Standard Chartered: Global renminbi usage rises in April, more than doubling in a decade

A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] The global use of the renminbi continued to expand between February and April compared with the preceding three-month period, according to Standard Chartered’s revised Renminbi Globalization Index, which rose from 212.1 in January to 224.8 in April. The increase…

China’s securities regulator pledges to refine program trading, boost top-tier institutions

BEIJING — China will further refine regulatory mechanisms for program trading and step up efforts to build first-class investment institutions, said Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), on Saturday. With a greater emphasis on fairness and standardization, efforts will be made to effectively prevent the abuse of technological advantages and resolutely…

EU sold €10.4 billion worth of wind turbines in 2024

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A fifth of EU enterprises engage in two-way trade

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Petrochemical plant revitalizes barren land in Xinjiang’s Dushanzi

A view of the Dushanzi petrochemical plant, a subsidiary of the central State-owned company China National Petroleum Corp, located in the Dushanzi district of Karamay, Xinjiang Uygur autonomous region. [Photo by Mao Weihua/chinadaily.com.cn] The Dushanzi petrochemical plant, a subsidiary of the central State-owned company China National Petroleum Corp, held a news conference on Friday introducing…

China’s foreign trade up 15.3% in first five months of 2026

This photo taken on April 1, 2026 shows automated cargo handling equipment at the phase IV automated terminal of Shanghai Yangshan Deep Water Port in Shanghai, East China. [Photo/Xinhua] China’s foreign trade in goods rose 15.3 percent year-on-year in the first five months of 2026 to 20.68 trillion yuan, according to the General Administration of…

Product rentals seen as a new trend

When 23-year-old concert enthusiast Ye Meng travels across China to watch live performances, she rarely packs a professional camera. Instead, she rents one. A high-end camera body and telephoto lens can easily cost tens of thousands of yuan, yet may only be used a handful of times each year. Renting a flagship smartphone and long-range…