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China's implementation of adjustment mechanisms to narrow the gap between the interest rates of existing and newly issued mortgages has triggered a cut of existing home loan interest rates on the first day of 2025.
The latest efforts by top authorities to further streamline the bankruptcy reorganization process of listed companies will help optimize resource allocation, which is conducive to the sustainable and high-quality development of the Chinese capital market.
China's State-owned enterprises will focus on addressing critical needs in fields like aerospace, integrated circuits, machine tools and biotechnology, with the goal of overcoming technical challenges within the country's industrial system.
China's new-energy vehicle (NEV) sales accounted for 70 percent of the world's total sales between January and November, head of China's passenger car association said on Thursday.
China is on the cusp of leading the global transition to electric vehicles with sales overtaking fossil fuel-powered cars in 2025 and outperforming other countries.
Iraq has experienced a mutually beneficial oil and gas partnership with China, and anticipates a fresh beginning following China National Petroleum Corporation.
The train network now handles over 53 categories of goods, totaling more than 50,000. The annual transport value has grown from $8 billion in 2016 to $56.7 billion in 2023.
The cargo throughput of ports along the Yangtze River is expected to hit a record 4.02 billion tons when figures are totaled for 2024, retaining the river's title as the world's busiest interior waterway.
Alibaba Cloud announced a significant price reduction of 85 percent on its visual language model Qwen-VL on Tuesday, a latest move showing that Chinese tech companies are in an intensifying race of business for their nascent artificial intelligence (AI) products.
Altogether 158 data products have passed government review after Shanghai implemented a new set of regulations aimed at recognizing and protecting the intellectual property rights associated with data-driven innovations in early December.
Walmart China unveiled two new next-generation stores in Kunming, Yunnan province, in December, marking a major step in the retailer's transformation strategy.
With the operation of a large-scale pumped storage power station, the power grid in North China will become more stable and efficient. The station — akin to a power bank — can store significant amounts of electrical energy and supply power during peak consumption periods.
The first-generation unit of the Zhangzhou nuclear power plant in East China's Fujian Province officially entered commercial operation on Wednesday after successfully completing a demonstration run lasting 168 hours.
Chinese airlines have been adding capacity on flights to ice and snow tourism destinations in China and neighboring countries to cash in on the rapidly growing demand this winter.
China's domestically developed passenger aircraft, the C919, successfully completed its maiden flight from Shanghai to Hong Kong on New Year's Day, marking the jetliner's first commercial operation beyond the Chinese mainland.
The A-share market will likely continue to show upward momentum this year amid the supportive policies to further buoy market liquidity and companies' improving fundamentals, said experts.
China will further promote the development and utilization of enterprise data resources, and advance the establishment of trusted data matrixes, so as to fully unleash the value of massive data resources.
Year-end bonuses and welfare programs unveiled by leading internet companies have gained widespread attention, with some employees receiving up to eight additional monthly salaries for the year based on their performance.
U.S. electric car producer Tesla's Shanghai Megapack energy storage plant has begun trial production and is expected to start mass production early next year, the company said in a statement on Tuesday.
The first shipment of Australian lobsters in four years arrived at the Baiyun International Airport in Guangzhou, south China's Guangdong Province on Monday following the lifting of a ban on live rock lobster imports.
The notice stipulated that for official vehicles to be characterized by relatively stable routes, specific usage scenarios and primarily operating within the confines of urban areas.
Coastal Hebei province in North China is aiming to boost the annual throughput capacity of its ports to 1.4 billion metric tons and 8 million standard containers by 2027, according to information from the government.
Shanghai Port officially became the world's first port to cross the 50 million mark for annual container throughput, solidifying its competitiveness as the world's busiest container port for 15 consecutive years, said the port's operator Shanghai International Port (Group) Co Ltd.
China's output of key mineral resources hit a new high this year with the extraction of 10 major nonferrous metals reaching a peak of 72.288 million metric tons in the first 11 months, a 4.4 percent year-on-year increase.
The absolute value of China's manufacturing industry continues to increase, ranking first in the world for the 14th consecutive year and having shown major improvement in sustainable development in recent years.
China will strive to achieve an average compound annual growth rate (CAGR) of 15 percent in its data industry by 2029, according to guidelines released on Monday, which include concrete measures to promote the high-quality development of the data industry.
Following the connection of a new wind farm to the grid on Monday, the installed capacity of the Xinjiang Uygur autonomous region's new energy reached 100.3 million kilowatts, breaking the 100 million kilowatt mark.
China will ramp up efforts to bolster the high-quality development of the data industry, with the compound annual growth rate of the data industry surpassing 15 percent by 2029, according to a new guideline released on Monday.
All five turbine generator units at the station -- four 550,000-kilowattunits and one 120,000-kilowatt unit-- are scheduled to enter full operation on Tuesday, Dec. 31, 2024.
If new energy vehicles can meet actual usage needs, their proportion in the total annual procurement of official vehicles should not be less than 30 percent in principle.
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