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Showing posts from June, 2025

Global investors double down on Chinese assets

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  The view of Shanghai's CBD is seen in this photo. [Photo/VCG] China's resilient economy, robust growth potential and improving corporate profitability are fueling more optimism and renewed interest in Chinese assets among foreign investors. Driven by China's advancements in technology and rising confidence in its policy support to stabilize economic growth in the second half of the year, global investors are ramping up their exposure to Chinese equities and bonds. Major foreign financial institutions, including United States asset manager Franklin Templeton, investment bank Goldman Sachs and Swiss bank UBS have stepped up their allocations or expressed optimism about Chinese equities, citing favorable valuations, a peak in China-US trade tensions and optimism regarding China's artificial intelligence-led transformation. Market watchers and economists said that a combination of proactive fiscal measures, targeted industrial policies and accelerating technological innov...

Giant pandas witnesses to friendship between peoples

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  Giant panda Rauhin is given artificial snow on her 24th birthday at the Adventure World amusement park in Shirahama, Wakayama Prefecture, Japan, Sept 6, 2024. [Photo/VCG] They went, they charmed, and now they return after touching the hearts of thousands of fans. Emotions are running high in Japan where a theme park in Wakayama, Japan, bid farewell to its last four giant pandas, who are back in China. Tokyo's Ueno Zoo is preparing for another similar send-off next February. These black-and-white icons have long been more than zoo attractions; they are beloved cultural ambassadors and living symbols of the enduring ties between China and Japan. Their departure marks not an end, but a celebration of the two nations' partnership in wildlife conservation and a reminder of the soft power these creatures wield in fostering international goodwill. China's panda loan program with Japan has been a resounding success, yielding fruits in breeding techniques, veterinary care and publ...

Japanese seafood imports conditionally resumed

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  Sailing boats fish for shrimp in Notsuke Bay off Betsukai in Hokkaido, northern Japan, in the early morning on June 30, 2025. [Photo/VCG] China has conditionally resumed imports of aquatic products from certain regions of Japan, but will take immediate measures to restrict such imports should any risks be identified, the Foreign Ministry said on Monday. Mao Ning, a ministry spokeswoman, said that the decision has been made in accordance with Chinese laws and regulations, as well as international trade rules, and is based on scientific evidence and prudent analysis and research. Mao made the remarks at a daily news briefing in Beijing a day after the General Administration of Customs announced on Sunday that effective immediately, China will resume imports of seafood products from some Japanese regions. The Chinese authorities will continue to strengthen regulatory measures to ensure people's food safety, she said, emphasizing that if any risks are detected, necessary import restr...

ASEAN visa' a reminder that an open door leads to prosperity

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  An official guides Vietnamese tourists in filling out the entry application forms at a newly opened passage gate in Fangchenggang, Guangxi Zhuang autonomous region, on May 29. ZHAI LIQIANG/CHINA NEWS SERVICE In an era marked by rising protectionism, xenophobia and protracted conflicts, China's introduction of a five-year, multiple-entry "ASEAN visa" stands as a bold reaffirmation of openness — a policy that echoes the cosmopolitan spirit of the Tang Dynasty (618-907), when China's economic and cultural prowess thrived on global exchanges. The visa grants businesspeople from the 10 member states of the Association of Southeast Asian Nations — Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar and Cambodia — as well as from Timor-Leste, which is seeking ASEAN membership, multiple entries into China over a period of five years, with each stay limited to a maximum of 180 days. Spouses and children of such businesspeople are also el...

AIIB hailed as pioneer in intl financial governance

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  Premier Li Qiang interacts with guests on Thursday at the 10th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank in Beijing. Li addressed the opening ceremony of the meeting on the same day. WANG ZHUANGFEI/CHINA DAILY Premier Li Qiang said on Thursday that the Beijing-based Asian Infrastructure Investment Bank has created new models for global financial governance, setting a new example for multilateral international cooperation. Li made the remarks when addressing the opening ceremony of the 10th Annual Meeting of the Board of Governors of the AIIB in Beijing. The AIIB, proposed by President Xi Jinping in late 2013, started operations in January 2016 and its Board of Governors held its first annual meeting in June that year. The bank is designed to develop infrastructure and boost connectivity in Asia, and deepen regional cooperation for shared development. From the 57 founding members to the current membership of 110 spanning Asia, Europe, Afr...

Cultural cleansing in Taiwan is bound to fail

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  Ma Ying-jeou, former chairman of the Chinese Kuomintang party, and Song Tao, head of both the Taiwan Work Office of the CPC Central Committee and the Taiwan Affairs Office of the State Council, visit the Mogao Caves in Dunhuang, Gansu province, on Thursday. [Photo provided to China Daily] Chinese culture remains the strongest and most unbreakable bond across the Taiwan Strait, and both sides share the responsibility of preserving this cultural heritage, former Chinese Kuomintang chairman Ma Ying-jeou said on Thursday at a cross-Strait seminar on Chinese culture. "Chinese culture is the DNA of the Taiwan people," Ma said. "Any attempt to carry out cultural cleansing in Taiwan is bound to fail." The seminar, held on Thursday afternoon at the Dunhuang Academy near the Mogao Caves in Gansu province, brought together officials, students and cultural scholars to discuss efforts to promote shared Chinese heritage. Ma attended the event alongside Song Tao, head of both th...

Private sector may hold key to global connectivity

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  An aerial drone photo taken on Feb 2, 2024 shows a container vessel berthing at a container terminal of Tianjin Port in North China's Tianjin. [Photo/Xinhua] Encouraging greater private sector investment in cross-border infrastructure connectivity lies at the heart of advancing inclusive, sustainable global development amid rising uncertainties and global challenges, officials and financial experts said on Wednesday. Addressing the 10th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank, Finance Minister Lan Fo'an said that many developing countries are facing funding gaps for cross-border connectivity investment, due to limited public resources amid slowing global economic growth and declining international development aid. More effective mobilization of private sector capital can help address the bottleneck of insufficient public funding and play a vital role in supporting connectivity initiatives, Lan said on Wednesday. "China is read...

Authorities tackle ageism in job market

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  A job seeker submits his resume at a career fair in Lianyungang, Jiangsu province, on Friday. ZHU HUANAN/FOR CHINA DAILY Chinese authorities and companies are taking steps to address the so-called "curse of 35", a discriminatory hiring practice that sidelines or dismisses workers age 35 and older due to labor costs. More employers across the country are easing age restrictions in their recruitment policies in an effort to promote fairer hiring. In Heyuan, Guangdong province, a government recruitment program announced earlier this month that 355 new employees would be hired for government departments this year. The general age requirement is 18 to 35 years old, but that age limit has been extended to 40 for candidates with master's degrees or for demobilized military personnel and their family members. Candidates as old as 45 who have doctorates and those up to age 50 with senior professional titles may also apply for the program. Other provinces and cities have introduc...

China, Singapore to bolster ties

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  Premier Li Qiang shakes hands on Monday with Singaporean Prime Minister Lawrence Wong after they held talks and witnessed the signing of cooperation documents at the Great Hall of the People in Beijing. WANG ZHUANGFEI/CHINA DAILY China and Singapore vowed on Monday to enhance their bilateral ties, actively expand third-market cooperation, jointly safeguard the multilateral trading system, and uphold stable and unimpeded global industrial and supply chains. Premier Li Qiang and visiting Singaporean Prime Minister Lawrence Wong made the pledge during their talks in Beijing. Li said that China and Singapore are friendly neighbors and important partners. Over the past 35 years since the establishment of diplomatic relations, bilateral ties have been improving continuously, and practical cooperation has yielded fruitful results, he said. Li expressed China's willingness to maintain close high-level exchanges with Singapore, strengthen strategic communication, consolidate political mut...

Cross-boundary Payment Connect system set to boost Hong Kong's financial role

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  A view of the Victoria Harbor in Hong Kong. [Photo/IC] The milestone Payment Connect program launched in China on Sunday offers a more convenient and cost-effective solution for cross-boundary transactions, said experts and residents, who highlighted its significance in boosting connections, promoting the internationalization of the renminbi and reinforcing Hong Kong's position as a financial hub. One expert envisioned broader applications of the mechanism in the Macao Special Administrative Region, as well as in member economies of the Association of Southeast Asian Nations and the Middle East, which would further enhance economic and financial integration in these regions. According to the Hong Kong Monetary Authority, the Payment Connect program recorded 25,900 transactions on its first day of operation on Sunday. Some 19,000 transactions, with an average value of 3,100 yuan ($430), had flowed south from the mainland to the Hong Kong Special Administrative Region as of 6 pm on...

Rural market in spotlight to tap growthGovernment initiative to encourage country dwellers to buy NE

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  Two men discuss car models at the 2025 "NEVs Going to the Countryside" campaign in Rugao, Jiangsu province, on June 14. WU SHUJIAN/FOR CHINA DAILY The campaign to promote new energy vehicles in China's rural areas features a larger and more diversified portfolio this year, catered to evolving consumer demands to unlock consumption potential in the extensive market. Now in its sixth year, the "NEVs Going to the Countryside" initiative — launched by government bodies including the Ministry of Industry and Information Technology and the Ministry of Commerce — has selected 124 models, 25 more than 2024. The selected models need to meet essential requirements including good sales performance, high brand recognition, and a well-established network of maintenance service points, said Xu Haidong, vice-chief engineer of the China Association of Automobile Manufacturers, one of the campaign organizers. BYD's Dynasty and Ocean series, along with models from Dongfeng,...