China’s financing activity maintained steady momentum in the first half with further improvements in June, pointing to recovering market confidence as monetary easing takes effect, said the People’s Bank of China, the country’s central bank, on Monday. With uncertainties and challenges still lingering at home and abroad, officials and experts said that the PBOC would…
Industrial software developer Aveva has ramped up efforts to increase its research and development investment in China, while also deepening its cooperation with local partners, to bolster the digital transformation and upgrading of Chinese enterprises, as it sees enormous opportunities from China’s emphasis on the development of new quality productive forces. China has rapidly emerged…
FUZHOU — China’s dairy industry will make significant strides toward all-round modernization by 2030, the Dairy Association of China said on Monday. By 2030, the country’s milk self-sufficiency rate is expected to be maintained at over 70 percent, with annual milk yield per cow exceeding 10 tonnes, according to a document released by the association…
BEIJING – China’s economy has demonstrated remarkable resilience during the 14th Five-Year Plan period (2021-2025), with its economic increment projected to exceed 35 trillion yuan ($4.89 trillion). Over the first four years of the period, the economy expanded at an average annual growth rate of 5.5 percent, Zheng Shanjie, head of the National Development and…
Kanbula Geopark, located on the northeastern edge of the Qinghai-Tibet Plateau, was officially designated a UNESCO Global Geopark in April. [Photo provided to China Daily] When… Read More »Tourism stretches beyond plateau
The economic and financial colossus of Shanghai is set to face winter power demand peaks with greater ease and at lower costs, as the first phase of Tesla’s grid-side energy storage project is scheduled to begin operating within the year, according to a senior executive with the US electric vehicle maker. With a total investment…
A diversified funding mechanism is needed to support China’s accelerating urban renewal efforts, as such projects typically involve sizable investments and extended timelines, with government financing and private investment working in tandem, experts have said. By the end of 2024, China’s urbanization rate reached 67 percent, with 943.5 million people living in urban areas, according…
Staff members at the joint distribution center in Yucheng handle parcels with the help of a sorting machine. ZHANG YU/CHINA NEWS SERVICE China’s parcel delivery industry reached a new milestone in the first half of 2025, handling over 95 billion parcels, up 19 percent year-on-year, as the sector continues to play a growing role in…
Employees produce air conditioners in Anqing, Anhui province. JIANG SHENG/FOR CHINA DAILY Inside the bustling workshop of Dongguan JHS Electrical Co Ltd, a manufacturer of mobile air conditioners and dehumidifiers in Dongguan, South China’s Guangdong province, the hum of machines filled the air as workers move swiftly through the assembly line, fastening, inspecting and packaging in…
A view of a Kuaishou cross-border livestreamer at the seventh China International Import Expo in Shanghai in November. [Photo/Xinhua] China’s ongoing efforts to deepen its opening-up will position trade in services as a powerful driver of economic growth and a source of long-term competitive strength, said market watchers and business leaders. Amid rising geo-economic fragmentation…