New UK sanctions targeting Chinese companies over Ukraine crisis are unilateralism that has no basis in international law, and China is firmly opposed to it, a spokesperson for the Chinese Embassy in the UK said on Thursday, warning that any actions which harm China's core interests will be met with a firm counterattack. The remarks […]
A Chinese-invested shipping company Sea Legend has opened regular container shipping service via the Red Sea region, according to the company’s website announcement, which industry insiders said would make it one of the few companies that still sail on the direct shipping route from Asia to Europe on heels of the deepening of Red Sea […]
The imports and exports in Northwest China's Xinjiang Uygur Autonomous Region witnessed a robust growth, reporting the second highest growth rate among all provinces in China, which indicates increasingly dynamic trade with its partners. Xinjiang's total foreign trade was 357.33 billion yuan ($50.42 billion), a year-on-year increase of 45.9 percent, ranking second in China in […]
China's central bank will set up a new credit market department in a bid to guide financial institutions to implement corresponding work focusing on technology finance, green finance, inclusive finance, pension finance and digital finance, Pan Gongsheng, governor of the People's Bank of China (PBC) announced on Wednesday at a press conference. The establishment of […]
China's top economic planner on Thursday emphasized the importance of enhancing consistency in macro policy orientation in 2024, as part of its efforts to strengthen policy coordination and ensure a synchronized and concerted policy response across economic sectors. Assessing the consistency of macro policy orientation is a crucial innovation in macroeconomic regulation and an important […]
MUJI (Shanghai) Commercial Co was recently fined 2,517.5 yuan ($350) and had 377.1 yuan of illegal income confiscated by the market regulator in Jing'an district of Shanghai, as the company produced and sold substandard products as qualified products, according to the information from data provider Tianyancha. Tianyancha showed that the fiber content of children's striped […]
British Airways is doubling their Chinese-speaking cabin crew bases in China, and the first batch is expected to enter service in May, the airline's chief customer officer said on Thursday, and the company is bullish on the growth of the Chinese economy and the rising travel demand. "We will add 50 cabin crew members in […]
In a groundbreaking move at the end of December 2023, Changzhou Power Supply Company, based in Jiangsu Province, initiated a pilot project for the establishment of a smart low-voltage power distribution area in the Shanghong Yunfengyuan Community, Changzhou city. This innovative tool can automatically adjust distributed power resources for an enhanced grid interaction. In recent […]
The Chinese Foreign Ministry on Friday urged the US to do more to contribute to peace and stability and not to introduce bloc confrontation, conflicts and wars into the Asia-Pacific, in response to the China-related content in the US' first-ever National Defense Industrial Strategy (NDIS), which highlighted the need to reform its defense industry and […]
China, along with Algeria, Mozambique and Russia, abstained on a US-backed UN Security Council (UNSC) resolution demanding Houthi militia stop attacks on commercial ships in the Red Sea, which was adopted on Wednesday with 11 voting for and zero against. Zhang Jun, China's permanent representative to the UN, explained China's abstention as certain revisions proposed […]