China’s benchmark Shanghai Composite Index rose 0.48 percent to close at 3,509.68 points on Thursday, marking its first close above the 3,500-point level since January 2022. The rally was driven by strong gains in property and financial stocks amid speculation of further stimulus measures. Meanwhile, the Shenzhen Component Index climbed 0.47 percent to end at…
Chinese tax authorities are stepping up efforts to ensure households declare and pay taxes on overseas income, as part of a broader initiative to enhance cross-border tax transparency and bring China’s enforcement in line with international standards, industry experts said in an exclusive interview with China Daily on Thursday. They made the comments as earlier…
[Photo provided to chinadaily.com.cn] China rolled out the world’s largest single-unit direct-drive floating offshore wind turbine by capacity and rotor diameter on Thursday, marking a new breakthrough in the country’s offshore wind power equipment manufacturing, said operator China Huaneng Group Co Ltd. The 17-megawatt (MW) direct-drive floating offshore wind turbine, jointly developed by China Huaneng…
Beijing and Washington have been engaging in discussions at multiple levels to address each other’s concerns in the economic and trade realms, the Ministry of Commerce said on Thursday. He Yongqian, spokeswoman for the ministry, made the remark in response to media reports that US Commerce Secretary Howard Lutnick and other senior US trade officials…
This undated photo shows the world’s most powerful direct-drive floating wind turbine in Fuqing, East China’s Fujian province. [Photo/China Huaneng Group/Handout via Xinhua] BEIJING — China has achieved a major breakthrough in clean energy technology with the rollout of the world’s most powerful direct-drive floating wind turbine. Jointly developed by state-owned enterprises China Huaneng Group…
On June 30, the 2025 Multiculture Dialogue for Global Youth and Media in the Energy Sector was held in Beijing under the theme “Empowering a Low-Carbon Future with Digitalization and Intelligentization”. Young professionals and media representatives from 11 organizations across nine countries and regions, and media professionals from 23 African and Arab nations, gathered to…
China’s central bank has unveiled a series of new measures to expand the Bond Connect program linking the country’s interbank bond market with global markets via Hong Kong, allowing more onshore institutional investors to participate — a major move designed to strengthen the special administrative region’s role as a global offshore renminbi hub. The measures…
Ecarx showcases cars featuring its technology on March 20 in Hangzhou, Zhejiang province. [Photo by Cao Yingying/chinadaily.com.cn] BEIJING — China’s auto production and sales logged double-digit increases in the first half of the year, a sign of vibrant domestic consumption in the world’s second-largest economy, data from the China Association of Automobile Manufacturers showed on…
After property’s traditional peak sales season in March and April, the momentum of China’s real estate market has been showing signs of weakening of late, raising the need for more forceful policy support to prop up sustainable recovery in the second half, analysts said. Amid changes in the supply-demand relationship in the sector, policymakers should…
Chinese mainland internet heavyweights have accelerated steps to apply for stablecoin licenses in Hong Kong as the city’s Stablecoins Ordinance will come into effect on Aug 1. This, industry experts said, is a significant step that will lower cross-border transaction costs and improve the efficiency of international payments. Christopher Hui, secretary for Financial Services and…