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A strong push on Monday to create a development bank serving 10 Eurasian countries, including China, would help insulate the group from increasingly risky US dollar-dominated trade while accelerating key infrastructure work, according to analysts. Such a concessional lender – part of an idea that has long been put on hold – would serve China,…

Starbucks has responded to rumours of a potential stake sale in its China operations after reports resurfaced that the American coffee giant is looking for buyers for its business in the country. “We see significant long-term potential in the market and are evaluating the best ways to capture the future growth opportunities,” the company said…

Seniors check out air conditioners at a shopping center in Shanghai. CHINADAILY As China“s silver economy is gaining growth momentum, top Chinese home appliance makers are ramping up efforts to launch products suitable for seniors — a demographic that has shown an increasing demand for diversified, easy-to-use and health-oriented household appliances. Experts said that with…

Consumers try out shoes at a Steve Madden store in Shanghai on July 23. CHINADAILY Global brands that once shifted part of their production out of the country are now turning back as they rediscover China“s enduring manufacturing edge. Steve Madden, the US-based footwear and accessories brand, began diversifying production last November, announcing in the…

XPeng’s booth is attracting visitors vehicles with its models at the Chengdu Motor Show on Aug 29, 2025. [Photo provided to chinadaily.com.cn] XPeng delivered 37,709 vehicles in August, a 169 percent jump from a year earlier and a 3 percent rise from July, marking a new monthly record, the Chinese NEV maker said Monday. The…

BEIJING – The Ministry of Finance on Wednesday said that it will issue 12.5 billion yuan ($1.75 billion) of renminbi-denominated treasury bonds in the Hong Kong Special Administrative Region on Aug 27. Specific issuance arrangements will be announced on the website of the Hong Kong Monetary Authority“s Central Moneymarkets Unit, the ministry said. It will…

A staff member works at a nanotechnology company at the Suzhou Industrial Park in Suzhou, East China“s Jiangsu province, Nov 12, 2024. [Photo/Xinhua] BEIJING – China accounts for 43 percent of the total number of globally authorized nanotechnology patents over the last 25 years, ranking first in the world, said a white paper issued Sunday.…

From an all-time high trade deficit with Russia to zero in just three years. Said and delivered After Russia invasion, imports from Ukraine fell off a cliff, while Russian exports to China jumped to record highs. Draghi’s Rimini speech didn’t sound like summer musings. He ticked off the threats one by one: China backing Russia,…

People shop at the Yiwu International Trade Market in Yiwu, East China“s Zhejiang province, May 16, 2025. [Photo/Xinhua] HANGZHOU – Even with nearly a year to go before the 2026 World FIFA Cup, factories in Yiwu – the eastern Chinese city known as „the world’s supermarket“ – are already churning out soccer balls, team jerseys…

Hong Kong was responsible for nearly half of the green bonds issued in Asia in 2024 and saw a surge in sustainability-related funds, as strong demand from regional mainland governments and start-ups raised the city’s stature as a finance hub for climate-friendly projects, according to a minister. Green bond issuance in Hong Kong last year…