A special fund focusing on investing in strategic emerging industries by central State-owned enterprises was launched in Beijing on Wednesday. It was initiated by the State-owned Assets Supervision and Administration Commission and entrusted to China Reform Holdings Corporation Ltd, a State-owned investment firm for establishment and management. The fund has met investment conditions and will…
The Michelin Guide officially unveils its full selection for Beijing 2026, along with four individual awards, on Wednesday at Nuo Beijing Hotel. [Photo provided to chinadaily.com.cn]… Read More »Beijing restaurants taste Michelin glory
BEIJING — China has allocated a total of 500 billion yuan (about $70.56 billion) through a new policy-based financial instrument, the country’s major policy banks announced on Thursday. The China Development Bank, the Export-Import Bank of China, and the Agricultural Development Bank of China allocated 250 billion yuan, 100 billion yuan and 150 billion yuan,…
China’s first national-level automotive chip standard verification platform began operation in Shenzhen, Guangdong province, on Tuesday, marking a key step toward building a unified verification system for vehicle-grade chips in the country. The platform features 13 specialized laboratories and is equipped with more than 80 sets of testing devices capable of conducting over 30 types…
This photo taken on June 25, 2022 shows workers checking equipment at the workshop of a coalbed methane mining base in Qinshui county, North China’s Shanxi province. [Photo/Xinhua] China is accelerating efforts to advance intelligent coal mining, a move that experts and executives said marks an essential step toward cultivating new quality productive forces in…
Built by a subsidiary of State Grid Corp of China, the fully operational facility has a total installed capacity of 1.35 gigawatts. [Photo/State Grid Corp of China website] NANJING — China on Tuesday launched a pumped-storage hydropower station featuring the world’s tallest dam of its kind in Jurong, Jiangsu province. Built by a subsidiary of…
This photo taken on Sept 2, 2024 shows part of a solid-state lithium metal battery in Yibin, Southwest China’s Sichuan province. [Photo/Xinhua] BEIJING — China has established a complete supply system for lithium products, the China Nonferrous Metals Industry Association said on Wednesday. The country’s output of key lithium products, including lithium carbonate, lithium hydroxide…
Visitors gather at Rio Tinto’s booth during an expo in Beijing on July 19. JU HUANZONG/XINHUA Global mining giant Rio Tinto views China as far more than just its largest market, CEO Simon Trott said, describing the nation as a “very significant strategic partner” across its worldwide operations. “China, the largest consumer of metals in…
BMW showcases its Neue Klasse X model at the Shanghai auto show in April 2025. [Photo by Li Fusheng/chinadaily.com.cn] BMW has become the first foreign automaker to join the Open Source Innovation Development Promotion Center under the China Academy of Information and Communications Technology, marking a major step in its local collaboration strategy and commitment…
Foreigners carry a suitcase for sample purchasing at Yiwu International Trade Market in Yiwu, East China’s Zhejiang province, May 16, 2025. [Photo/Xinhua] HANGZHOU — Yiwu, a key export hub in East China’s Zhejiang province, reported strong foreign trade growth in the first three quarters of 2025 despite a challenging global trade environment. Total imports and…