Chinese technology firm ByteDance, short video platform TikTok's parent company, on Sunday denied reports that it had been approached by a US business executive for a potential deal to acquire TikTok, stressing that its founder Zhang Yiming has held no such talks with anyone. US lawmakers are currently pushing for a bill that would force […]
The Government Work Report submitted Tuesday to China's national legislature for deliberation during the ongoing annual two sessions has generated strong confidence among Japanese enterprises in China as it shows the Chinese government's determination to keep promoting opening-up and optimizing the business environment for foreign-funded enterprises. Multiple Japanese enterprises stated in interviews with the Global […]
As the global artificial intelligence (AI) industry kicks off a new wave of development enthusiasm, AI technology is set to be a hot topic during the two sessions, with a number of members of the Chinese People's Political Consultative Conference (CPPCC) National Committee saying that in the AI arena, China should adhere to independent innovation, […]
Chinese and US airlines will increase passenger flights from March 31, an official of the Civil Aviation Administration of China (CAAC) said on Thursday, a positive sign of flight recovery between the two countries. Starting on March 31, airlines from China and the US can operate a total of 100 scheduled round trips per week, […]
Multiple electric vehicle industry players and industry insiders are largely surprised as they commented on Apple's latest move to wind up its electric car effort, called Project Titan, while shifting its resources to artificial intelligence (AI) innovation and development. Li Xiang, founder and CEO of Chinese EV maker Li Auto, said on his Weibo account […]
Editor's note: On the first working day after the Spring Festival, China Securities Regulatory Commission held more than 10 back-to-back meetings with a wide range of market participants to solicit suggestions on equity market regulation, risk prevention and high-quality development. Tian Xuan, vice president of the Tsinghua University PBC School of Finance, attended the discussions. […]
China's benchmark Shanghai Composite Index once reached and surpassed 3000 points on Friday morning trading, recovering all the losses since the beginning of 2024. As of press time, the index increased 0.02 percent, rising from 2635.09 to 2988.87 during the nine trading days until Friday. "With the recent rapid repair of market sentiment, the Shanghai […]
Recently, the STATE GRID has started shield tunneling for the core section of the overland 220 kV cable line, boasting the longest-distance transmission in China. This pivotal part, known as the Green Expo Garden section of the Qiuteng-Wangjiang 220 kV project, will significantly enhance the power mutual aid capabilities on both sides of the Yangtze […]
China's grain production surpassed 1.3 trillion jin (650 million tons) in 2023. The continuous bumper harvests, together with the ongoing optimization of the crop variety structure and abundant grain reserves, have guaranteed the country's food security, Chinese officials said on Tuesday. China's per capita grain resources exceed 490 kilograms, which is above the international food security threshold […]
The People's Bank of China (PBC), China’s central bank, will cut the reserve requirement ratio (RRR) for all banks by 50 basis points, the amount of cash that banks must hold as reserves, from February 5, providing the market with approximately 1 trillion yuan ($141.05 billion) of long-term liquidity, PBC governor Pan Gongsheng announced on […]