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 […]
Chinese Premier Li Qiang on Tuesday called for global cooperation in various areas to rebuild global trust, including strengthening macroeconomic policy coordination and international industrial specialization and cooperation, warning that lack of trust and fragmentation will risk global economic growth and peaceful development. In a special address at the World Economic Forum (WEF) annual meeting […]
Cooperation between China and Nauru under the China-proposed Belt and Road Initiative (BRI) may accelerate following Nauru's recent decision to sever "diplomatic ties" with the Taiwan island, Chinese observers said. They noted that the mutually beneficial cooperation between Nauru and China will bring tangible benefits to local residents and provide new momentum for the economic […]
Fish were harvested out of a marine ranch off the coast of a liquefied natural gas (LNG) receiving facility, run by Chinese oil giant CNOOC, on Thursday, in the latest example of harnessing "cold energy" generated from LNG's liquid-to-gas conversion. A total of 1,000 kilograms of red snapper and other Lutjanus fishes have grown accustomed […]
The Working Group on Enhancing Climate Action in the 2020s between China and the US was launched on Friday via video conference. The meeting was co-chaired by Xie Zhenhua, China's special envoy for climate change, and John Kerry, US special presidential envoy for climate, according to China’s Ministry of Ecology and Environment. Other officials from […]