China’s central bank official highlights role of movable property financing
BEIJING — Zou Lan, deputy governor of the People’s Bank of China (PBOC), the central bank, highlighted the important role of movable property financing in an article made public on…
Swatch Group apologizes for racist ‘slanted eyes’ ad
Swiss watch brand Swatch Group has apologized following backlash in China over an advertisement featuring a model making a “slanted eyes” gesture, widely recognized as a racist slur against people…
A-share market surges past 100 trillion yuan milestone
China’s A-share market surged to a fresh milestone on Monday, with total market capitalization exceeding 100 trillion yuan ($14 trillion), buoyed by robust trading activity, improving investor sentiment and sustained…
Monetary easing to persist in near term
Headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China. China’s monetary conditions are likely to remain reasonably accommodative in the coming months, continuing to…
Key role for green hydrogen foreseen
Workers inspect hydrogen storage equipment at a bus parking lot in Ordos, Inner Mongolia autonomous region, in October 2021. WANG ZHENG/FOR CHINA DAILY China has emerged as a global leader…
MNCs boost investment amid market optimism
On June 19, people visited the outdoor exhibition hall of the 6th Qingdao Multinationals Summit. XINGHUA XINHUA — Robotic arms hum while workers move with precision through Taiho Kogyo Corp’s…
China’s Meitu posts 12.3% revenue growth, with record number of paid subscribers
Meitu’s booth is seen during a forum in Nanning, Guangxi Zhuang autonomous region. XIAMEN — Chinese selfie-enhancing tech giant Meitu on Monday announced its financial results for the first half…
Success for local plant species in restoring biodiversity
A researcher inspects alfalfa at the breeding acceleration room of a company studying the ecological environment in Hohhot in December 2024. BEI HE/XINHUA More than a decade ago, the Chilechuan…
Crackdown on ‘borrowed’ speculation
As China’s stock market buzzes with excitement, reaching a decade-high on Monday, banks are taking a cautious turn. Since early August, more than a dozen banks, from rural lenders to…
Cathay Group vows more investment on mainland; to expand staff group
A Cathay Pacific aircraft is seen landing at Xi’an Xianyang International Airport in Shaanxi province on July 6. CHINA DAILY Hong Kong-based Cathay Group said it would continue to increase…