Employees of China Merchants Bank at a booth at a financial exhibition in Guangzhou, Guangdong province. [Photo by Liu Jiao/For China Daily] BEIJING – The profit level of China’s commercial banks remains in a reasonable range, an official of the National Financial Regulatory Administration said on Wednesday. In the first half of this year, the…
A taxi driver tries out a Chinese-branded EV in Mombasa, Kenya, Aug 16, 2024. [Photo/Xinhua] In 2013, when I worked in Addis Ababa, Ethiopia, in the run-up to the launch of China Daily’s African edition, a local auto dealer told me that unlike in China, where cars are purely consumer products, Ethiopians treat them as…
Charging piles seen on a street in Changzhou, Jiangsu province. WANG QIMING/FOR CHINA DAILY Electric vehicles can potentially double up as super giant “mobile power banks” to support electricity supply and ensure grid stability during peak power consumption periods, as recent trials across Jiangsu province have shown, experts said. Jiangsu has launched China’s first large-scale vehicle-to-grid…
China’s foreign exchange reserves increased to $3.2564 trillion as of the end of July, up 1.06 percent or $34 billion from the previous month, the biggest increase so far this year, official data showed on Wednesday. The State Administration of Foreign Exchange said that the country’s foreign exchange reserves rose last month amid a declining…
Data from global market consultancy IDC showed that, in the year of 2023, shipments in Chinese foldable screen mobile phone market were about 7.01 million units, an increase of 114.5 percent on a yearly basis. As android manufacturers and upstream supply chains continue to increase investment in research and development coupled with further price cuts,…
Employees work at Doctors Energy’s battery production line in Tianjin.[Photo/China Daily] Chinese solid-state battery technology company Doctors (Tianjin) Energy Technology Inc plans to start all-solid-state battery (ASSB) production by 2026, after it starts operating a 1 gigawatt-hour quasi-solid-state battery production line. Pan Qinghai, founder of Doctors, said in an exclusive interview with China Daily that…
An offshore PV company’s booth is seen during a solar power expo in Shanghai in June. [CHINA DAILY] Shanghai will begin the first round of selections for offshore solar power generation projects with a minimum scale of 1 million kilowatts by the end of this year, according to the Shanghai Municipal Development and Reform Commission.…
The Rio Tinto booth is seen during the sixth China International Import Expo in Shanghai. [Photo/China Daily] China’s rapid economic growth in recent years has fostered an open and diverse environment with massive business opportunities for multinational corporations, amid further opening-up and industrial reform, a top company executive said. “Over the past few years, the…
A signage of Temasek Holdings Pte at the launch of Temasek Review 2022 in Singapore, on Tuesday, July 12, 2022. [Photo/VCG] SINGAPORE – Singapore’s state investment firm Temasek will issue 10-year and 30-year offshore Chinese yuan bonds with a total worth of 2.7 billion yuan ($379 million), according to the latest announcement from the firm.…
A taxi driver tries out a Chinese-branded EV in Mombasa, Kenya, Aug 16, 2024. [Photo/Xinhua] Chinese and African business leaders will gather in Beijing next week to explore new avenues for deepening China-Africa industrial cooperation, paving the way for African countries to accelerate their integration into global industry and supply chains, said China’s top foreign…