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Beijing bans US sanctions on five Chinese cos, signals legal recourse

The United States’ sanctions on Chinese companies contravene international law and the basic norms of global relations, while Beijing’s blocking measure aims to safeguard the legitimate rights and interests of domestic firms and individuals, the Ministry of Commerce and analysts said. The ministry issued a ban on Saturday prohibiting any recognition, enforcement or compliance with…

China asks US to revoke proposed restrictive steps against telecom carriers

China’s Ministry of Commerce expressed firm opposition on Friday to the US Federal Communications Commission’s proposed restrictive measures against Chinese entities, urging Washington to stop its wrongful practices and respect market rules. The FCC voted to advance measures on Thursday that would revoke the qualifications of testing and certification bodies from countries without a mutual…

Chinese financial institutions deepen partnership with UAE

Memoranda of understanding (MoUs) were signed between the government of Ras Al Khaimah and two Chinese financial institutions — Bank of China and the Industrial and Commercial Bank of China (ICBC) — on Wednesday in Ras Al Khaimah of United Arab Emirates, in an effort to strengthen economic ties and promote strategic cooperations between Ras…

China firmly opposes US restrictions on test and certification, telecom sectors

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Manufacturing defies Mideast energy shock

China’s manufacturing sector maintained its expansion streak for a second month in April, signaling sustained growth momentum despite a global energy shock triggered by tensions in the Middle East. The official manufacturing Purchasing Managers’ Index was 50.3 in April, according to National Bureau of Statistics data released on Thursday. While a marginal 0.1-point dip from…

BCI tech moves beyond research labs

An employee from BrainCo showcases using intelligent bionic hands to practice calligraphy during the 135th China Import and Export Fair in Guangzhou, Guangdong province on April 15, 2024. LIU DAWEI/XINHUA On a weekday afternoon, Cai Yuqingyan waits outside a kindergarten gate. For most parents, the moment a child runs into their arms is entirely unremarkable.…

Policy, venture capital powering commercial rollouts

A patient undergoes rehabilitation treatment through mental control using a brain-computer interface device at a hospital in Chongqing on April 10. CHEN CHENG/XINHUA Inside a quiet rehabilitation ward in eastern China, a paralyzed patient stares intently at a plastic cup. He doesn’t move a muscle, yet a robotic, pneumatic glove encasing his paralyzed hand suddenly…

China, US have ‘constructive’ high-level trade exchange

He Lifeng, China’s vice-premier and lead for China-United States economic and trade affairs, held a video call on Thursday evening with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, according to Xinhua News Agency. The two sides held candid, in-depth and constructive exchanges on implementing the important consensus reached by the two…

Ninebot’s cumulative shipments top 11m units amid targeted growth

The lineup of Ninebot’s new electric two-wheeler models released this year. [Photo provided to chinadaily.com.cn] Boosted by intelligent and targeted experience-driven growth, Chinese electric two-wheeled vehicle maker Ninebot’s cumulative shipments of smart electric two-wheelers in the Chinese market have exceeded 11 million units, its founder and chairman Gao Lufeng said at a product launch event…