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Siemens Energy to deepen collaboration in China

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Siemens Energy is poised to deepen its commitment to China, expanding collaboration with local partners to support the energy transition in the country and globally, according to Christian Bruch, president and chief executive officer of Siemens Energy AG. “The Chinese modernization and its energy transition call for higher-level international cooperation and technological innovation, which presents…

CIIE showcases opportunities in, openness of Chinese market

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Visitors take photos of a humanoid robot on Saturday at the exhibition area for intelligent industry and information technology during the seventh China International Import Expo in Shanghai. The six-day exhibition ended on Sunday. YAN DAMING/FOR CHINA DAILY The seventh China International Import Expo, which concluded in Shanghai on Sunday, served as an important platform…

Expats laud Bank of China’s payment services

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China’s foreign exchange reserves drop to $3.26105 trillion

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A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] BEIJING – China’s foreign exchange reserves totaled $3.26105 trillion at the end of October, down by $55.317 billion, or 1.67 percent, compared to the end of September, official data showed Thursday. The State Administration of…

China unveils plan to boost ice & snow economy, targeting 1.5t yuan by 2030

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Tourists visit Xuexiang village in Mudanjiang city, Northeast China’s Heilongjiang province, Jan 24, 2024. [Photo/VCG] BEIJING – China has unveiled an ambitious plan to grow its ice and snow economy, targeting winter sports, tourism, and equipment manufacturing as key drivers of economic growth, with a projected value of 1.5 trillion yuan (approximately $211 billion) by 2030.…

China to steadily push forward financial opening-up: central bank

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Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China. [Photo/Agencies] BEIJING – China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, according to the central bank. China will continue to implement a supportive…

Remote work boosts off-peak domestic travel

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People traveling south for warmer weather hold a concert in Sanya, Hainan province, in October 2023. CHINA DAILY Dropping temperatures in a large part of North China have led to more people traveling south for warmer weather. Besides seniors, more young consumers have also opted to travel south during the off-peak season and are visiting more…

Southeast Asian destinations perfect for spontaneous trips by young Chinese

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Chinese tourists visit the Grand Palace in Bangkok, Thailand, in October. XINHUA Young travelers from China are showing an ever-growing enthusiasm for visiting Southeast Asian countries in a more spontaneous travel style and without extensive planning, industry players found. Singapore, Malaysia and Thailand have become popular overseas destinations for Chinese visitors, fueled by their visa-free entry…

Chinese green tech finds favor in water deficient areas

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After being effectively implemented during construction of the main stadium for the FIFA World Cup Qatar 2022, China’s cutting-edge water-saving technology is expected to witness wider applications in Qatar and related Central Asian countries. As a crucial advancement in Ningxia Hui autonomous region’s efforts to enhance irrigation efficiency, the smart wind-solar complementary water-saving irrigation technology…

Guizhou’s Meitan builds an eco-friendly tea industry

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Workers enhance the fragrance of tea by hand. [Photo by Liu Boqian/For chinadaily.com.cn] Meitan, Guizhou province, is stepping up efforts to create an environmentally sustainable tea industry through judicial action and public outreach. In late autumn, some 300,000 local tea farmers have begun harvesting the season’s final crop. Authorities have prioritized eco-friendly farming practices, which…