China is accelerating efforts to expand old-age finance, as regions across the country unveil new policies setting key tasks for the 15th Five-Year Plan period (2026-30), while banks step up strategic planning, product innovation and business development to support the sector. Earlier this month, the National Financial Regulatory Administration Guangdong Office issued its implementation plan…
Tourists share and taste ice cream at the Baroque-style historical and cultural district of Harbin, Heilongjiang province, on May 4. CHINA DAILY The ice cream market in China is showing signs of recovery after two years of contraction, with global players accelerating product innovation, channel expansion and capital-market moves in anticipation of a cyclical rebound…
Work has been completed on all A320 family aircraft in the Chinese civil aviation fleet, with all flights operating normally, Airbus announced on Monday. The precautionary measures were mandated by Chinese aviation authorities and the European aerospace company due to concerns about the performance of flight control systems under certain conditions, with the work completed…
GAC Group’s flying car GOVE is displayed at the Shanghai Auto Show in April. CHINA DAILY At sunrise over the Persian Gulf in Dubai, a black, pod-shaped aircraft detached from its six-wheel carrier vehicle and rose steadily into the sky. For several minutes, it circled above calm waters before returning smoothly to the helipad. The flight…
The Ninth Central Asia Regional Economic Cooperation (CAREC) Think Tank Development Forum kicked off on Monday in Urumqi, Xinjiang Uygur autonomous region, highlighting innovative financing to drive the region’s green transition. [Photo provided to chinadaily.com.cn] The Ninth Central Asia Regional Economic Cooperation (CAREC) Think Tank Development Forum kicked off on Monday in Urumqi, Xinjiang Uygur…
In 2024, the EU spent an estimated €403.1 billion on research & development (R&D), indicating a 3.6% increase from 2023 (€389.2 billion). Compared with 2014, R&D expenditure grew by 62.2% from €248.6 billion, showing a steady rise in the last decade. R&D intensity, defined as R&D expenditure as a percentage of GDP, remained stable at…
Australian mining giant Fortescue has achieved a key milestone in its ambitious decarbonization plan for its Pilbara operations, leveraging technology supplied by Chinese electric vehicle and battery leader BYD. The company announced the delivery and installation of a 50 megawatt battery energy storage system (BESS) at its North Star Junction in Western Australia, with core…
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In 2024, the EU sea ports handled around 3.4 billion tonnes of freight (total gross weight). While this freight volume was the same as in 2023, it remained lower than the highest value recorded in the decade 2014-2024 (3.6 billion tonnes in 2019). Rotterdam in the Netherlands maintained its position as the top maritime freight…
