Tourists go through the departure tax refund process in Chengdu, Sichuan province. ZHANG LANG/CHINA NEWS SERVICE Jinjiang district in Chengdu, Southwest China’s Sichuan province, is taking consumption to another level by promoting both the debut economy and the departure tax refund policy. The district has so far put in place over 600 debut stores with…
Consumers look at gold jewelry at a store in Xuzhou, Jiangsu province, in August. CHINA DAILY Gold surged to a fresh record this week, with prices briefly hitting $3,500 an ounce in Asian trade on Tuesday, as industry players reported mixed interim results. Combined revenue at six listed firms fell 5 percent to 88.66 billion yuan…
CNOOC Ltd announced on Thursday that production on its Wenchang 16-2 oilfield development project has commenced. Located in the western Pearl River Mouth Basin, with an average water depth of approximately 150 meters, the project will mainly leverage the adjacent existing facilities of the Wenchang Oilfields, with the addition of a new jacket platform integrating…
A large screen in Shanghai displays the stock market index on Aug 26. CHINA DAILY Confidence in China’s A-share market has strengthened, enhancing the capital market’s appeal and drawing quicker inflows from wealth management products, insurance funds and other institutional investors. With bank deposit rates still trending lower — some fixed-term deposits offering barely around 1…
Fortescue’s new energy excavator and heavy truck work in coordination during tests at a mining area in the Pilbara region of Australia in August 2024. LI XIAOYU/XINHUA Australian mining giant Fortescue is committed to deepening ties with Chinese institutions, as it appreciates the industrial scale and innovation of the world’s second largest economy and its burgeoning…
SUS Environment’s waste-to-energy project near Beijing adopts eco-friendly equipment and technology. CHINA DAILY SUS Environment, a leading Chinese environmental service provider, has become a key force in advancing the country’s green development while contributing solutions to global sustainability challenges. Solid waste management has emerged as a global issue amid rapid economic growth, while waste incineration has…
A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] China’s subsidized personal consumption loan policy came into effect on Monday, with multiple banks racing to roll out the measures as part of the government’s broader push to spur domestic spending. The plan, unveiled on Aug 12, marks the first time the…
A bronze bull stands outside the Shanghai Stock Exchange building in Shanghai. [Photo/VCG] China’s stock market ended mixed on Wednesday, with the benchmark Shanghai Composite Index down 1.16 percent to 3,813.56 points and the Shenzhen Component Index slipping 0.65 percent to 12,472. On the other hand, the ChiNext Index, which tracks growth-oriented companies on China’s…
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Huangpu district, known as Shanghai’s “heart, window and calling card”, has achieved high-quality development, improved living standards and strengthened governance during the 14th Five-Year Plan period (2021-2025), steadily enhancing urban capacity and competitiveness, according to officials. As of the end of 2024, Huangpu’s GDP had reached 334.4 billion yuan ($46.88 billion), with an average annual…