The arrival of the first shipment of high-grade iron ore from Guinea’s Simandou deposit at Rizhao Port in Shandong province on Wednesday marks a transformative shift in the global steel industry, providing the high-purity feedstock essential for China’s transition toward low-carbon production. The arrival represents the first time ore from Simandou’s blocks 3 and 4…
Chinese tax authorities fined the operator of e-commerce platform Pinduoduo 100,000 yuan ($14,000) for failing to submit required tax-related information, according to the State Taxation Administration on Wednesday. The STA said that it issued a rectification order in November 2025, instructing the company to correct the violation within a specified period. Although the company later…
Shoppers gather at Sanlitun, a business and entertainment hub in Beijing, on Jan 3. CHINA DAILY Beijing’s retail property market showed clear signs of renewal in 2025, as renovation-led urban regeneration and upgraded shopping malls helped stimulate consumption and drive down vacancy rates, according to a new report by CBRE, a commercial real estate services…
Chinese railway operators have implemented precise strategies to coordinate the transport of thermal coal for winter heating. At Xiuwen Station in Shanxi province, managerial staff members have worked to adjust the train operation diagram for the first quarter, scientifically arranging shunting operations and monitoring train operations in real-time. They have also precisely coordinated with the…
Commission delivers further CAP simplification up to €215 million for farmers and national administrations – Agriculture and rural development Skip to main content This week,… Read More »Commission delivers further CAP simplification up to €215 million for farmers and national administrations
An aerial photo shows the Indonesia Huabao Industrial Park in Morowali, Indonesia’s Central Sulawesi province. CHINA DAILY When Chen Deyun arrived on a remote Indonesian island a decade ago, stable electricity and phone signals were hard to come by. Today, he starts his mornings in an industrial complex of furnaces, docks and dormitories built by…
Tencent Holdings said it investigated and punished over 70 cases of internal misconduct in 2025, dismissing more than 90 employees for breaching internal rules, as China’s internet giants intensify efforts to curb corruption in their ranks. The cases of more than 20 employees were transferred to public security authorities as criminal offences were suspected, while…
BEIJING – The People’s Bank of China announced on Thursday that it will conduct a 900-billion-yuan ($128.54 billion), one-year medium-term lending facility (MLF) operation on Friday, aiming to maintain ample liquidity in the country’s banking system. The central bank said the MLF operation will be carried out via a fixed-quantity, interest-rate-bidding and multiple-price-bidding method. The…
QCraft’s booth is seen at the 2025 IAA in Munich, Germany. [Photo provided to chinadaily.com.cn] QCraft’s city NOA system, based on a single Horizon Journey 6M chip, has entered production, debuting on Li Auto’s AD Pro-equipped L Series vehicles, said the Chinese autonomous driving solution provider on Wednesday. The move marks the first commercial deployment…
A man looks closely at a robotic product in Shenzhen, on Jan 22, 2026. [Photo/Xinhua] China is accelerating a shift toward a new growth model anchored in tech-driven domestic consumption as geopolitical tensions and technological disruption reshape the global economic landscape, officials, business leaders and economists have said. They made the remarks on Wednesday at…