A cashier counts RMB notes in a bank in Haian, Jiangsu province. [Photo/Sipa] BEIJING — Local governments in China issued new bonds worth over 3.31 trillion yuan ($465.78 billion) in the first seven months of this year, data from the Ministry of Finance showed on Thursday. Of the total, general-purpose bond issuance came in at…
On April 22, 2025, in Nanjing, Jiangsu province, delivery drivers placed food in front of smart food lockers. XINHUA Leading Chinese e-commerce and food delivery players are taking a step back from discount wars, as Meituan, Taobao, Ele.me and JD all pledged in August to rein in aggressive price-cutting, promising to shift the focus from…
This aerial drone photo taken on July 10, 2025 shows a view of Longtan Container Terminal of Nanjing Port in Nanjing, East China’s Jiangsu province. [Photo/Xinhua] The Ministry of Commerce said on Thursday it would continue to help foreign trade enterprises in China to better secure business orders and expand into diversified overseas markets, while…
BEIJING — The People’s Bank of China (PBOC), China’s central bank, has renewed a bilateral currency swap agreement with the Reserve Bank of New Zealand. The value of the renewed deal is 25 billion yuan (about $3.52 billion), the PBOC said in a statement on its website on Thursday. The arrangement is valid for five…
China is accelerating the construction of an integrated national computing power platform, aiming to enhance the quality and efficiency of computational resources and strengthen the country’s capabilities in core technologies such as AI chips, said officials and experts. As the backbone of AI development, computing power has become the battleground for global technological supremacy, and…
Technicians check gas transfer facilities in Suining, Sichuan province. LIU CHANGSONG/FOR CHINA DAILY The successful launch of the first section of the second Sichuan-to-East Gas Transmission Pipeline marks a significant step in Beijing’s ongoing efforts to bolster energy security and transition toward a cleaner energy mix, said industry experts. The project is more than just…
An employee promotes durian via livestreaming at China (Ezhou) Cross-border E-commerce Industrial Park in Hubei province. [Photo provided to China Daily] Ezhou in Central China’s Hubei province is fast emerging as a new hub for cross-border e-commerce, leveraging air logistics and digital trade to better integrate into global value chains. At the livestreaming center of…
Wang Wenjing, chairman and CEO of Yonyou. [Photo provided to chinadaily.com.cn] China’s new generation of enterprise software has become highly competitive in the global market, and is poised to lead worldwide digital and intelligent transformation in the era of artificial intelligence — much like China’s mobile internet platforms and new energy vehicles — according to…
Employees work on clothing products bound for export at a garment company in Qingdao, Shandong province, on Aug 7. LIANG XIAOPENG/FOR CHINA DAILY African countries among global export destinations posted the highest export purchasing managers’ index for Chinese trading companies in July, making the overseas markets a new blue ocean for small and medium-sized enterprises seeking…
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