China to remain 'world factory;' 2024 provides opportunity for companies to transform: Roland Berger

"Thanks to improved productivity, broad and deep industrial clusters, and well-established infrastructure, China was, is, and will remain the factory of the world. The combination of a broad local market and the strong legacy export base makes China difficult to replace," Global Managing Director of Roland Berger Denis Depoux said on Friday at the Roland […]

China further opens up financial market with 10 foreign firms approved for underwriting

China’s National Association of Financial Market Institutional Investors (NAFMII) said on Tuesday that 10 more foreign-funded institutions have been approved as lead underwriters or underwriters of debt financing instruments for non-financial enterprises, in a major step for financial opening.  Also on Tuesday, the Shanghai branch of the State Administration of Foreign Exchange (SAFE) announced the […]

Seeking to hold back China, US doubles down on ‘absurd’ Africa strategy

US Secretary of State Antony Blinken embarked on a week-long trip to the west coast of Africa on January 22, while just four days prior, Chinese Foreign Minister Wang Yi concluded his annual New Year's first visit to Africa. It is worth noting the self-contradicting attitude of the West, represented by the US, toward China-Africa […]

China delivers first floating LNG storage, regasification unit to Cyprus

China delivered the country’s first floating storage and regasification unit (FSRU) vessel for liquefied natural gas (LNG) on Tuesday, according to China Ship News. The vessel will serve China-EU energy cooperation under the Belt and Road Initiative in Cyprus, marking another breakthrough for China’s shipbuilding industry. The vessel was built by COSCO Shipping Heavy Industry […]

Can budget deficit and coming elections in US contribute to mitigation in Ukraine?

As a result of their economic shocks and social and political unrest, the US and the EU have drastically reduced financial support for Ukraine. Washington and Brussels fearlessly restate their commitments to Kiev and declare belief in the earliest possible victory over Russia, despite the obvious circumstances. Moscow calls for negotiations, but the fundamental objectives […]

China reinforces geographical indication management, eyeing more trade with EU countries

To promote the healthy development of economic and trade relations with the EU, the China National Intellectual Property Administration (CNIPA) on Tuesday announced new plans to strengthen management of geographical indications (GIs) and expedite the implementation of the second batch of 350 GI products under the China-EU Agreement on Geographical Indicators. As a mark to […]

Exclusive: Mutual respect for sovereignty, territorial integrity and core interests is key to steady China-Belgium relations: Chinese ambassador

Even if there are differences between China and Belgium, as long as the two sides mutually respect each other's sovereignty, territorial integrity and core interests, they can overcome differences and engage in effective cooperation, which is the key principle underpinning the sound and steady development of China-Belgium relations, Chinese Ambassador to Belgium Cao Zhongming told […]

Officials, experts refute Western media's slander concerning successful District Council Election in Hong Kong

Central government authorities extended warm congratulations on Monday to the Hong Kong Special Administrative Region (HKSAR) for the successful completion of the 7th District Council (DC) Election, another important milestone unveiling a new chapter for local governance. While the city has been immersed in a joyful sentiment of moving forward, in a sharp contrast to […]

COP28 witnesses power of China's new energy industry

The UN COP28 climate summit concluded in Dubai, UAE on Wednesday. At the conference, China's new energy industry and its contributions to aiding energy transformation globally were showcased, reflecting China's commitment to low-carbon development and achieving its dual carbon goals. COP28 President Sultan Ahmed Al Jaber announced on Wednesday that parties to the UN climate summit […]

China wins over Japan for championship in Universiade women's basketball final

Team China won the championship in the women's basketball match of the 31st FISU World University Games in Chengdu after defeating the Japanese team in a thrilling final game on Saturday evening.Witnessed by the full capacity of 18,000 enthusiastic spectators at the Fenghuangshan Sports Park Gymnasium, China finally defeated Japan 99-91 in a super fierce […]