BEIJING — China’s central bank, the People’s Bank of China (PBOC), officially launched the 500-billion-yuan ($71 billion) Securities, Funds, and Insurance companies Swap Facility (SFISF) on Thursday, marking the country’s first capital market-targeted monetary tool. This initiative, along with recent economic stimulus policies, aims to enhance market liquidity and bolster investor confidence, experts say. The […]
BEIJING — China is set to enhance fiscal support for its data industry through the central government’s budget and ultra-long special treasury bonds, aimed at improving the management, development, utilization, and security of data resources. This announcement was made by Chen Ronghui, deputy head of the National Data Administration, during a press conference on Thursday. […]
VIENTIANE, Oct. 10 — Chinese Premier Li Qiang announced China’s commitment to enhancing the “Diamond Hexagon” cooperation framework with Cambodia, aiming to deepen the China-Cambodia community for a shared future. His remarks came during a meeting with Cambodian Prime Minister Hun Manet on the sidelines of the East Asia cooperation leaders’ meetings in Vientiane. Li […]
China has captured more than 70% of global orders for green vessels and has achieved comprehensive coverage across all major ship types in the first three quarters of 2024, according to recent statistics from the Ministry of Industry and Information Technology (MIIT). From January to September, Chinese shipyards received new orders totaling 87.11 million deadweight […]
Beijing, China — “Unbelievable! I thought she was a real person!” exclaimed a visitor at the 2024 China International Fair for Trade in Services (CIFTIS) upon discovering that the popular livestreamer promoting beauty products was, in fact, a digital avatar named Yanxi. Yanxi has made waves in the e-commerce sector, amassing over 400,000 hours of […]
Beijing, China — Central regulators are intensifying efforts to improve the market value of State-owned enterprises (SOEs) as a means to enhance their competitiveness and support high-quality economic development. Experts emphasize that improving the overall quality of A-share companies will benefit investors through higher profitability. During a recent work conference, the State-owned Assets Supervision and […]
Beijing, China — The Middle East has become a crucial market for Chinese new energy companies expanding internationally, offering substantial development opportunities despite growing global trade challenges. Industry experts highlight the region’s abundant wind and solar resources, along with a wealthy consumer base, as key advantages for Chinese firms seeking to establish a foothold abroad. […]
Beijing, China — China’s rapid infrastructure development is driving a significant increase in electricity demand, particularly in emerging sectors such as 5G, artificial intelligence, and electric vehicles. Industry experts, including Zhang Zhigang, executive chairman of State Grid Corp of China, have highlighted the necessity for stable power supplies to support this growing demand. During the […]
Vientiane, Laos — China and the Association of Southeast Asian Nations (ASEAN) have announced the successful conclusion of negotiations for the upgraded China-ASEAN Free Trade Area (ACFTA) 3.0, as confirmed by China’s Ministry of Commerce. The agreement aims to address emerging challenges in trade while adapting to modern practices. The ACFTA 3.0 will enhance existing […]
BEIJING/LAGOS, Sept 3 (Reuters) – China has committed to encouraging its leading companies to invest in Nigeria, with both nations expressing openness to enhanced cooperation in various sectors, including energy and manufacturing. This follows a meeting between Chinese President Xi Jinping and Nigerian President Bola Tinubu in Beijing. In a joint statement, China welcomed Nigeria’s […]
