Business
China to issue 500-billion-yuan special treasury bonds to support state-owned banks2025-03-31
China will issue 500 billion yuan (about 69.7 billion U.S. dollars) of special treasury bonds to support large state-owned commercial banks in replenishing their core tier-one capital, the Ministry of Finance said Monday.
China to push for digital transformation of light industry2025-03-28
China has issued a light industry digital transformation implementation plan, the Ministry of Industry and Information Technology said on Thursday.
Apple boosts China presence, partners on green initiatives, AI2025-03-27
U.S. tech giant Apple on Wednesday announced it is accelerating its support for the next generation of developers in China with a new 30 million yuan (about 4.18 million U.S. dollars) donation to Zhejiang University.
BMW, Alibaba team up to integrate AI into next-generation vehicles2025-03-27
German carmaker BMW and Chinese e-commerce giant Alibaba have announced an expanded strategic partnership in China to bring large-language-model (LLM) artificial intelligence (AI) to BMW's next-generation vehicles.
RCEP emerges as anchor for free trade amid rising protectionism2025-03-27
The Regional Comprehensive Economic Partnership (RCEP) has emerged as an important anchor for global free trade, injecting momentum into the world economy amid rising protectionism and geopolitical uncertainties, according to sources from the Boao Forum for Asia (BFA) conference.
BOC's after-tax profits rise 2.58 percent in 20242025-03-27
Bank of China (BOC), one of the country's biggest lenders, said Wednesday its after-tax profits rose 2.58 percent year on year to 252.7 billion yuan (about 35.22 billion U.S. dollars) in 2024.
Eyeing free trade port milestone, China pushes toward higher-level opening up2025-03-27
As the world economy faces mounting uncertainty and rising protectionism, China is reaffirming its commitment to openness, with the Hainan Free Trade Port (FTP) emerging as an important gateway driving the country's opening up in the new era.
China's industrial profits down 0.3 pct in first two months2025-03-27
The combined profit of China's major industrial enterprises went down 0.3 percent year on year in the first two months of 2025, the National Bureau of Statistics (NBS) said on Thursday.
Global firms' investment in China adds vitality to innovation2025-03-27
Riding the wave of China's high-level opening-up, foreign companies are leveraging the advantages of the world's second-largest economy and participating in its innovation pursuit, to achieve win-win cooperation.
Chinese commerce minister meets with Apple CEO Tim Cook2025-03-25
Chinese Commerce Minister Wang Wentao met with Apple CEO Tim Cook in Beijing on Monday, according to a statement released by the Ministry of Commerce.
Chinese commerce minister meets with Qualcomm CEO2025-03-25
Chinese Commerce Minister Wang Wentao met with Cristiano Amon, president and CEO of Qualcomm, in Beijing on Monday, according to a statement released by the Ministry of Commerce.
Chinese yuan weakens to 7.1788 against USD Tuesday2025-03-25
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 8 pips to 7.1788 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.
China's manufacturing hub launches global initiative to expand trade2025-03-24
A major manufacturing city in east China's Zhejiang Province has kicked off its 2025 global trade promotion initiative in a bid to boost exports, amid rising trade protectionism and weakening demand in key global markets.
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