The People’s Bank of China has recently signed a memorandum of cooperation with the Central Bank of Sri Lanka to establish renminbi clearing arrangements in Sri Lanka, said a statement released by China’s central bank on Wednesday. The establishment of renminbi clearing arrangements will facilitate the use of the Chinese renminbi in cross-border transactions by…
Inbound tourists watch a lion dance performance in Shanghai, East China, Jan 8, 2025. [Photo/Xinhua] BEIJING – China’s cultural industry maintained steady growth in 2025, demonstrating strong resilience and vitality, data from the National Bureau of Statistics showed on Friday. The combined operating revenue of major cultural companies amounted to nearly 15.21 trillion yuan ($2.18…
A drone photo taken on Dec 10, 2025 shows a scene of the 21st Changsha International Automobile Expo in Changsha, Central China’s Hunan province. [Photo/Xinhua] BEIJING – China will improve its tracking of consumption market dynamics amid efforts to foster a robust domestic market, according to a national statistics conference which concluded on Thursday. At…
On 1 January 2026, 22 out of 27 EU countries had national minimum wages, all except Denmark, Italy, Austria, Finland and Sweden. Of these countries, 8 had minimum wages below €1 000 per month: Bulgaria (€620), Latvia (€780), Romania (€795), Hungary (€838), Estonia (€886), Slovakia (€915), Czechia (€924) and Malta (€994). In 8 others, minimum wages…
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The most common form of contingent liabilities in the EU countries is government guarantees on liabilities and, occasionally, on assets of third parties. In 2024, the highest levels of government guarantees were recorded in the Netherlands (31.0% of GDP), Finland (17.0%) and Italy (14.6%). On the lower end of the scale, rates equal to or…
Shanghai’s electricity consumption — a key gauge of economic activity — surpassed 200 billion kilowatt-hours for the first time last year, cementing its leading position among global mega cities, according to State Grid Shanghai Municipal Electric Power Co. Total power use in Shanghai hit 208.89 billion kWh in 2025, representing a year-on-year increase of 5.28…
Shanghai Haichang Ocean Park. [Photo provided to chinadaily.com.cn] As domestic universities enter their winter breaks, student travel has moved into a peak period, with many… Read More »Spring Festival fuels travel boom
Shanghai looks to moderately step up its construction of intelligent computing facilities during the 15th Five-Year Plan (2026-30) period to build an independently controllable intelligent computing industry, according to official sources. Shanghai will promote the building of intelligent computing infrastructure at a measured pace in order to lift the city’s computing power industry to a…
Visitors learn about an electric vehicle at the Zhongguancun Exhibition Center in Beijing, capital of China, June 20, 2025. [Photo/Xinhua] To Jamie Sanders, Rio Tinto’s head of Global Procurement, the Chinese EV isn’t just a car; it is a symbol of a broader, more profound transformation. He watched as the industry shed its reputation as…