Business--China Economic Net

Southwest China's Xizang Autonomous Region has achieved service coverage of personal carbon accounts in all its six cities and one prefecture, local authorities said Wednesday.

Atlantic salmon thrives in China, so does a Norwegian company2025-05-08
Catching, slaughtering, packaging, and shipping every day at a land-based recirculating aquaculture system (RAS) facility for Atlantic salmon in east China's coastal province of Zhejiang, batches of locally raised Atlantic salmon undergo the streamlined process.

China combines quotas of two monetary policy tools to bolster capital market2025-05-08
China's central bank announced Wednesday that it will combine the quotas of its two monetary policy tools to further support the capital market.

LEGOLAND Shanghai Resort slated to open on July 52025-05-08
LEGOLAND Shanghai Resort, the largest LEGOLAND in the world, will officially open on July 5, announced its operator, Merlin Entertainments, on Wednesday.

Low-altitude tourism takes off on China's tropical island2025-05-08
A helicopter was slowly ascending, offering a breathtaking view of the vast blue ocean below and the stunning tropical coastal city of Sanya in south China's Hainan.

China's Hengqin Port reports 10-millionth passenger of this year in record time2025-05-08
The number of travelers who have this year passed through Hengqin Port in south China's Guangdong Province exceeded 10 million on Wednesday, a 32 percent increase from the same period last year.

China announces fresh policy boost to fuel economic recovery2025-05-08
China's monetary and financial authorities on Wednesday unveiled a raft of supportive measures, including policy rate and reserve requirement ratio (RRR) cuts, as the country stepped up efforts to stabilize markets and sustain economic recovery amid external headwinds.

China to cut reserve requirement ratio by 0.5 percentage points2025-05-07
China's central bank will cut the reserve requirement ratio by 0.5 percentage points, providing about 1 trillion yuan (about 138.9 billion U.S. dollars) in long-term liquidity, said Pan Gongsheng, governor of the People's Bank of China, on Wednesday.

China's May Day holiday travel boom highlights consumer vitality2025-05-06
During the five-day May Day holiday, Chinese travelers took an estimated 314 million domestic trips, marking a 6.4 percent increase from the previous year, according to figures released by the Ministry of Culture and Tourism.

Chinese yuan strengthens to 7.2008 against USD Tuesday2025-05-06
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 6 pips to 7.2008 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.

Chinese automaker backs Indonesia's green industry push as main partner in AIGIS 20252025-05-05
JAECOO, an SUV brand under China's Chery Group, has been trusted as the main partner in organizing the 2nd Annual Indonesia Green Industry Summit (AIGIS) to be held this August, a flagship initiative launched by Indonesia's Ministry of Industry to accelerate the country's progress toward its 2060 net-zero emissions target.

China sees robust travel figures on first day of May Day holiday2025-05-03
China's transport services reported surging passenger numbers on Thursday, the first day of the May Day holiday, reflecting surging tourism demand and economic vitality.

China's marine tourism sector reports robust growth in Q12025-05-02
China's marine tourism sector recorded robust growth in the first quarter of the year, with coastal regions reporting strong performances, official data shows.

Global auto suppliers seek partnerships at Shanghai auto show2025-05-02
The 21st Shanghai International Automobile Industry Exhibition (Auto Shanghai 2025) has become a pivotal platform for global suppliers to seek partnerships in China.

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Stanford report finds U.S. AI edge fading as China closes gap

China has nearly closed AI performance gap with the US, with its leading models achieving near parity with American counterparts on key benchmarks, a Stanford University report said.