China will accelerate the expansion of the service sector’s opening-up, a practical action meant to inject more certainty and stability into the world in light of intensifying global unilateralism and protectionism, the Ministry of Commerce said on Monday. The ministry has issued a guideline for accelerating the implementation of a comprehensive pilot program to expand…
An outlet of McDonald’s in Guangzhou, Guangdong province.[CHINA DAILY] Many innovative products are on display at the 137th China Import and Export Fair in Guangzhou’s Pazhou Complex. But one of the world’s renowned past innovators is there, too. That innovator is McDonald’s, whose standardized menus and cooking methods have evolved into what is arguably the…
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] Despite facing a substantial external demand gap caused by US tariffs, keeping the renminbi exchange rate generally stable as much as possible should remain the best option for Chinese policymakers, said leading economists and policy advisers.…
ENN LNG (Singapore) Pte Ltd has signed a long-term LNG Sale and Purchase Agreement (“SPA”) with ADNOC. [Photo/enn-ng.com] ENN LNG (Singapore) Pte Ltd, said on Monday that it has signed a long-term LNG Sale and Purchase Agreement (“SPA”) with ADNOC, the largest LNG deal by volume ever signed between the UAE and a Chinese partner.…
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The “Olympics” of the energy sector, the World Gas Conference, will make its debut in China, taking place in Beijing from May 19 to 23, said the organizing committee on Friday. The event will feature over 80 events including opening and closing ceremonies, high-level discussions, plenary sessions, parallel forums, and more, with more than 3,000…
Two State Grid technicians check power transmission facilities in Chuzhou, Anhui province. [Photo by Song Weixing/For China Daily] China’s electricity consumption, a key barometer of economic activity, reported steady expansion last month, official data showed on Friday. Power use rose 4.8 percent year-on-year in March to hit 828.2 billion kilowatt-hours (kWh), according to data released…
Shein and Temu, two popular Chinese cross-border e-commerce platforms, have announced that they will raise prices for US consumers starting next week, a move that comes amid tariff hikes by the Trump administration. In a notice published on its official website, Shein told customers that “price adjustments” will go into effect on April 25. The…
Direct flights linking Japan’s Kobe and Chinese cities of Shanghai and Nanjing, Jiangsu province were launched by Shanghai-based airliner Juneyao Airlines on Friday (April 18) and Saturday (April 19), respectively, marking the first batch of international flights operated at Kobe Airport. The two new direct flights, both operational on a daily basis, would further enrich…
An action plan to further improve the facilitation of cross-border financial services provided in Shanghai was released on Monday, aiming to step up the support for Chinese companies’ outbound reach and better address the country’s Belt and Road Initiative. Made up of 18 detailed policies, the action plan will support various market entities to participate…