An employee works on the assembly line of a tractor manufacturer in Weifang, Shandong province. LI ZIHENG/XINHUA The technological transformation driven by China’s large-scale equipment renewals will enable businesses to make significant strides in areas such as smart manufacturing, new energy and green technologies, further bolstering the country’s economic momentum, said government officials on Tuesday.…
An intelligent robot is offering massage service to a visitor at the 24th China International Industry Fair starting Sept 24. [Photo by Gao Erqiang/China Daily] Starting on Tuesday, the 24th China International Industry Fair (CIIF) kicked off its five-day exhibition, becoming an important stage of exhibiting the latest achievements of new industrialization and promoting extensive…
Visitors gather at Ant Group’s booth behind a cutout of Chinese tennis player Zheng Qinwen, the company’s sports ambassador, during a high-tech services expo in Shanghai on Sept 7. [Photo/China Daily] The latest generation of young Chinese athletes have been sought after by major enterprises for sponsorship deals, with gold medalists’ commercial value reaching new…
Men shoot hoops at a park in Hefei, Anhui province, on Sept 18. [ZHAO MING/FOR CHINA DAILY] The Chinese mainland has topped the global wellbeing index, driven by a growing emphasis on fitness and community bonding, according to a recent industry survey. The Global Wellbeing Report 2024 reveals that residents on the Chinese mainland scored…
During the 2024 Cooperation and Exchange Conference between Henan Province and Multinational Corporations, Mu Yankui, president of Yihai Kerry Arawana Group, highlighted Henan’s unique resources and market environment for grain and oil food processing enterprises as a populous region and a major grain-producing area. He commended the local government for its swift response to corporate…
Boosted by news of supportive measures addressing the benchmark interest rate, a share stabilization fund and new monetary policy tools to support bourses, the A-share market rallied strongly on Tuesday, with upward momentum expected to continue in anticipation of more long-term capital inflows, experts said. Their comments were made on Tuesday when the benchmark Shanghai…
China’s top financial regulators, in a move that went beyond market expectations, unveiled a potent combination of monetary easing measures on Tuesday, aimed at anchoring market confidence and underpinning economic recovery amid domestic and global headwinds, analysts said. The forceful one-two punch, including cutting the reserve requirement ratio, key policy interest rates and existing mortgage…
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] BEIJING – China plans to increase the tier-1 capital of six major commercial banks, an official said Tuesday. Li Yunze, head of the National Financial Regulatory Administration, told a press conference that the capital will be injected in an…
Chinese shares surged on Tuesday, with the benchmark Shanghai Composite Index up 4.15 percent, closing at 2,863.13. The Shenzhen Component Index rose 4.36 percent, closing at 8,435.70. The ChiNext Index, China’s NASDAQ-style board of growth enterprises, surged 5.54 percent to 1,615.32 points. Tanks to chinadaily.com.cn Please visit: Our Sponsor
EV brand smart starts pre-sales of the #5 SUV on Sept 20 in Beijing. [Photo provided to chinadaily.com.cm] The electric vehicle brand, smart, owned by Mercedes-Benz and Geely, started pre-sales of the #5 SUV in Chinese market on Friday. With a starting pre-sale price of 245,000 yuan ($34,800), the mid-size pure electric SUV is the…