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EU trade in services supply worth €5 933 billion in 2023

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China sets up new bureau for overseas State assets

China’s top State assets regulator has set up a new bureau to more effectively monitor and regulate the overseas assets and operations of State-owned enterprises, highlighting the country’s efforts to enhance capital returns and strengthen risk management amid rising geopolitical uncertainties. The bureau will guide SOEs in international operations, including optimizing overseas asset allocation and…

Services production up by 1.2% in the euro area and by 0.6% in the EU

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Trade in goods with China in 2025

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Largest single-site solar power project in SE Asia begins operation in Laos

The largest single-site solar power project in Southeast Asia, built by China General Nuclear Power Corp in northern Laos, began operations on Tuesday, marking a major milestone in the region’s transition to green energy. As the corporation’s first overseas million-kilowatt-level greenfield project to be independently planned and developed, the project is seen as a major…

NDRC oil pricing scheme to cushion the blow of rising oil prices

A car refueling at a gas station in Guangzhou, on Tuesday. [Photo/VCG] China’s refined oil pricing mechanism is playing a crucial role as a “stabilizer” for the national economy, effectively cushioning the country against the impact of volatile international markets, industry experts said. As geopolitical tensions in the Middle East continue to disrupt global crude…

New guidelines keep Daxue Road’s character intact

Daxue Road in Yangpu district in Shanghai is well-known for its chic restaurants and cafes as well as enough outdoor seating, allowing people dining in the open air. [Photo by Gao Erqiang/chinadaily.com.cn] Did you know the energetic, fashionable Daxue Road in Shanghai’s Yangpu district was originally an ordinary commercial road back in 2006? Daxue Road…