Financial regulators from China and the UK explored the feasibility of a new connect program to facilitate two-way investment flows at the first meeting of the China-UK Financial Working Group (FWG), according to the People’s Bank of China. Co-chaired by People’s Bank Governor Pan Gongsheng and Lucy Rigby, economic secretary to Britain’s Treasury, the Beijing…
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Chinese railway operators have expanded services for the 40-day Spring Festival travel rush, which started on Feb 2 with some 539 million passenger trips via trains expected nationwide, an annual increase of 5 percent. As Pingyao Station under Jiexiu Train Operation Section saw an increase in passenger flow, staff members arrived early and guided passengers…
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Chinese e-commerce firm JD said on Tuesday it plans to spend more than 1.3 billion yuan (around $180 million) during the nine-day Chinese New Year holiday in providing enhanced pay and benefits for frontline staff. According to a JD statement, the company plans to offer overtime pay, “big red envelopes” or holiday bonuses, and family…
Costumers shop at the Sanya International Duty Free City in Sanya, South China’s Hainan province, on Jan 10, 2026. [Photo/Xinhua] Hainan province will open five duty-free stores for daily consumer goods across three cities on Feb 11, provincial authorities announced Friday, marking the first retail outlets under a new national policy designed to lower living…
Costumers shop at the Sanya International Duty Free City in Sanya, South China’s Hainan province, on Jan 10, 2026. [Photo/Xinhua] Hainan province will open five duty-free stores for daily consumer goods across three cities on Feb 11, provincial authorities announced Friday, marking the first retail outlets under a new national policy designed to lower living…
China’s railway sector registered robust investment and infrastructure expansion in 2025, with fixed-asset investment reaching 901.5 billion yuan ($126.8 billion), a year-on-year increase of 6 percent, according to the national railway operator China State Railway Group. Last year also saw the commissioning of 3,109 kilometers of new railway lines across the country, including 2,862 km…
This photo taken on Nov 8, 2023 shows the pavilion of Covestro during the 6th China International Import Expo (CIIE) in East China’s Shanghai. [Photo/VCG] With global investment conditions remaining challenging, China is expected to lock in new investment plans from foreign corporations to build new factories and invest in the services sector in the…