The growth in China’s broad money supply recovered in September, a sign that the launch of incremental policies has started to revive market confidence, however, financing activity remains lukewarm, official data showed on Monday. China’s broad money supply, or M2, stood at 309.48 trillion yuan ($43.71 trillion) as of the end of last month, up…
Participants are seen at the first open day event held in China by Duolingo, a United States-based edtech company, in Beijing on August 31, 2023. PAN XULIN/CHINA NEWS SERVICE Duolingo, a United States-based edtech company, is ramping up efforts to expand its presence in China, betting big on the country’s growing demand for English proficiency tests.…
In an interview with China Daily, Sharon Barr, executive vice-president of biopharmaceuticals R&D at AstraZeneca, said the company’s presence in Shanghai is absolutely critical to achieving its bold ambition to be a pioneer in science and to create transformative new medicines for patients. She said that China has its vibrant academic collaborative network and the…
The Hong Kong Productivity Council’s booth at GITEX Global in Dubai showcases innovative technologies and solutions. [Photo provided to chinadaily.com.cn] On Monday, GITEX Global 2024, the world’s most iconic technology exhibition opened in Dubai, the United Arab Emirates. The Hong Kong Productivity Council (HKPC), a nationwide leader in innovative, market-driven research and development, specializing in…
CITIC Group released an initiative with 13 international business partners during the 2024 ESG Global Leaders Conference held in Shanghai. [Photo provided to chinadaily.com.cn] Financial conglomerate CITIC Group released an initiative with 13 international business partners, on Wednesday, to strengthen green cooperation and advance sustainable development. The initiative was released during the 2024 ESG Global…
China’s Honghua Group, a leading global land drilling rig manufacturer under the Dongfang Electric Corporation, delivered the domestically developed 12,000-meter intelligent deep drilling rig in Guanghan, Deyang on Wednesday. [Photo/Honghua Group’s website] China’s Honghua Group, a leading global land drilling rig manufacturer under the Dongfang Electric Corporation, delivered the domestically developed 12,000-meter intelligent deep drilling…
Cars are recharging at a Power Up fast charger station for electric vehicles on April 14, 2022 in Pasadena, California. [Photo/VCG] Electric vehicle sales in the United States have soared by more than 140 percent since the start of 2023, but additional growth may be hindered by a far slower and more uneven rollout of…
A residential property project is under construction in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY On Thursday, Minister of Housing and Urban-Rural Development Ni Hong announced plans to increase the affordable housing supply for including young people and newcomers, as the nation works to relax rules on home buying. At a conference held by the…
Li Auto showcases the L9 SUV at the 2024 Beijing auto show in April. [CAO YINGYING/CHINA DAILY] China’s new energy vehicle sales surged in September, with brands including Li Auto and Zeekr seeing record highs, fueling prospects about the sector’s robust growth for the last quarter of 2024. Their wholesales figure was expected to grow…
Workers are seen busy at a construction site in Huai’an, Jiangsu province, in December 2023. [Photo/chinadaily.com.cn] China will renovate an additional 1 million units of urban village and dilapidated housing through a monetary compensation approach, said Ni Hong, minister of housing and urban-rural development, on Thursday. The newly proposed renovation projects primarily target the most…