Lujiazui district in Shanghai on Jan 14, 2025. [Photo/Xinhua] Concerted efforts should be made by regulators, financial service providers and retailers to promote more consumption, attendees at Shanghai’s second Lujiazui Finance Salon heard on Wednesday. Hu Haozhong, executive vice-president of the card payment giant China UnionPay, said that integrated efforts from various parties are now…
A worker loads harvested coconuts onto a vehicle at a plantation in Bantul regency, Yogyakarta, Indonesia, Sept 30, 2025. [Photo/Xinhua] HAIKOU – According to Haikou Customs, South China’s Hainan province imported 592,000 tons of coconuts through its ports in 2025, up 17.3 percent year-on-year, ranking first in imports of the tropical fruit among other provinces…
The Vanke company logo on display on a building in Minhang district, Shanghai, on Jan 23, 2026. [Photo/VCG] China Vanke Co Ltd, one of the country’s largest property developers, announced on Tuesday night that it had secured fresh credit support from its largest shareholder, Shenzhen Metro, with a loan facility worth up to 2.36 billion…
BEIJING – Outbound investment by Chinese companies grew steadily in 2025, with nearly 80 percent of surveyed firms maintaining or expanding their investments abroad, according to a report by the China Council for the Promotion of International Trade. Covering over 1,200 Chinese companies engaged in outbound investment, the survey reveals that nearly 90 percent are…
A Chinese commercial aerospace company has unveiled a roadmap for a massive 2,800-satellite space computing network, following the world’s first successful orbital deployment of a general-purpose large language model. The “Star-Compute” plan, spearheaded by Chengdu ADAspace Technology Co, Ltd that specializes in building space-based AI computing infrastructure, aims to build an integrated space-based processing web…
Foreign tourists have fun at the Dadonghai scenic area in Sanya, South China’s Hainan province, on Jan 11, 2026. [Photo/Xinhua] HAIKOU – Hainan’s tourism industry has significantly raised its international profile during the last five years, contributing 33.4 percent to the province’s GDP, according to the annual session of the Hainan Provincial People’s Congress. The…
A view of an Anta store in Nanjing, Jiangsu province. FANG DONGXU/FOR CHINA DAILY Anta Sports Products Ltd announced on Tuesday that it has entered into a definitive agreement to acquire a 29.06 percent stake in Puma SE, a global sportswear brand, from Groupe Artemis, the investment firm of the Pinault family. Valued at 1.5…
China’s latest rules on anti-money laundering (AML) special preventive measures mark a key milestone in safeguarding national and financial security, while further aligning the country’s regulatory framework with advanced international standards to strengthen cross-border enforcement, experts said. Compared with routine anti-money laundering supervision, they stressed that the special measures will play a forceful, indispensable role…
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An aerial drone photo taken on July 4, 2025 shows wind turbines in Longli county, Southwest China’s Guizhou province. [Photo/Xinhua] China’s industrial base is undergoing a shift toward greener, more digital and more diversified development, a transformation that is creating fresh investment opportunities for global capital as the country steps up its two-way opening-up efforts.…