Economy

With high-profile visit, largest CIIE participation, Canberra won’t follow US ‘decoupling’ The China-Australia relationship is “mature” and “energized by the complementary nature of our economies,” Australia’s Prime Minister Anthony Albanese – the first Australian prime minister to visit China in seven years – said on Sunday at the opening of the 6th China International Import Expo (CIIE) being held in …

Many US companies have actively participated in the 6th China International Import Expo (CIIE) in what could be the largest scale in history, and they signed a number of orders on the first day, showcasing their expectations for closer cooperation with China. The strong presence of US businesses comes amid warming China-US ties following high-level exchanges. Experts predict that the two …

The 6th China International Import Expo (CIIE), the world’s biggest import fair, kicked off in Shanghai on Sunday, with more than 3,400 global exhibitors gathering at the expo. In his letter sent to the event, Chinese President Xi Jinping said the world’s economic recovery lacks momentum and it requires the solidarity and cooperation of all countries. China will always be …

China’s first domestically-built large cruise ship, the Adora Magic City, completed its formal delivery on Saturday, a development that experts said marks a breakthrough for China’s high-end manufacturing as well as international cooperation. Shanghai Waigaoqiao Shipbuilding Co – a subsidiary of China State Shipbuilding Corporation – signed the relevant documents formalizing the delivery of the Adora Magic City with CSSC …

The recently concluded central financial work conference, held in Beijing from Monday to Tuesday, pledged to construct a strong financial industry in China, through improving financial services tailored for high-tech sector advance and green transformation, ramping up all-around financial supervision covering banks, insurers, funds, futures, equities and bonds, pushing forward financial development with Chinese characteristics and do utmost to prevent …

Deutsche Bank China has cooperated with Brazil-based Sao Simao Co – a subsidiary of China’s State Power Investment Corporation (SPIC) – to complete the first yuan-oriented loan offering in the Latin America market, with the issuance of 400 million yuan ($54.77 million) in short-term loans to overseas clients, Shanghai Securities News reported on Friday. The loans provide a new option …

China’s solar energy giant LONGi announced on Friday that it has set a new world record of 33.9 percent for the efficiency of crystalline silicon-perovskite tandem solar cells, indicating that China is once again leading the world in the field of solar cells due to its green development push. “The conversion efficiency of photovoltaic (PV) cells is a key indicator …

China’s Ministry of State Security (MSS) vowed to step up efforts to prevent and defuse financial risks and crack down on illegal activities that endangers national security in the financial field, noting that certain countries are using the financial sector as geopolitical tool and some speculators are trying to stir up financial turmoil in China. In a post on its …

China’s Minister of Commerce Wang Wentao met with Sanjay Mehrotra, president and CEO of the US chip giant Micron Technology on Wednesday, the Ministry of Commerce (MOFCOM) said on Friday via its official Wechat account, which experts said sent a strong signal that China-US ties are getting warmer amid frequent bilateral exchanges at the level of the central or federal …

The internationalization of the yuan has taken a step further as the Ministry of Economy of Argentina announced on Tuesday that it will again use the Chinese currency to repay part of its IMF debt. According to the ministry, it will repay about $3.4 billion in foreign debt and interest due to the IMF in the near future, part of …