Alibaba’s Ant Group changes shareholders’ voting rights on January 8, 2023Alibaba’s financial arm Ant Group said on Saturday that no shareholder, alone or jointly with other parties, will have control over the company, as part of its broader push to further optimize corporate governance. The move means Alibaba’s founder Jack Ma will no longer control the Chinese financial technology company after a series of adjustments […]
Foreign firms optimistic on Chinese stock market next year on December 30, 2022Foreign financial institutions have become more bullish about China’s stock market performance in 2023 as the signs of the country’s economic stabilization become increasingly noticeable amid stimulus measures and the accelerated optimization of epidemic control measures. One week after Morgan Stanley upgraded its outlook for China stocks in 2023 from equal-weight to overweight, the New […]
China-UAE industrial zone sees first operational project on December 27, 2022In the Khalifa Industrial Zone in Abu Dhabi, the United Arab Emirates, one building is particularly eye-catching, featuring facades decorated with red patterns that resemble Chinese seals. It is situated amid modern new factories, with asphalt roads extending in various directions. The landscape is part of the China-UAE Industrial Capacity Cooperation Demonstration Zone, a landmark […]
China’s pension expenditure of urban residents to hit 836,400 yuan on December 27, 2022BEIJING: The total pension expenditure of China’s urban residents is expected to average 836,400 yuan ($119,887), according to China’s Urban Elderly Care Service Demand Report 2022 quoted by Securities Daily on Monday. The life expectancy of Chinese urban dwellers is 82.1 years with residents aged 30-49 expected to need 1 million yuan for pension and […]
China’s economy expected to revive, further boosting global economy in 2023 on December 18, 2022With the ease of COVID-19 containment measures, and given the resilience and potential of its economy, analysts believe China’s economy will revive next year and continue to be a reliable and important driving force of the global economy in 2023. “Despite global macroeconomic headwinds and the impact of the pandemic, China’s economic performance in 2022 […]
Historic moment: China launches Shenzhou-15 manned spaceship on December 1, 2022The three astronauts aboard China’s Shenzhou-15 spaceship entered the country’s space station and met with another astronaut trio on Wednesday, a historic gathering that added the manpower at the in-orbit space lab to six for the first time. China launched Shenzhou-15 on Tuesday night. The manned spaceship, atop the Long March-2F Y15 carrier rocket, blasted […]
China launches Shenzhou-15 manned spaceship, realizing historic crew gathering in orbit on November 30, 2022JIUQUAN: The three astronauts aboard China’s Shenzhou-15 spaceship entered the country’s space station and met with another astronaut trio on Wednesday, a historic gathering that added the manpower at the in-orbit space lab to six for the first time. China launched Shenzhou-15 on Tuesday night. The manned spaceship, atop the Long March-2F Y15 carrier rocket, […]
Huawei, Tianjin Port jointly build intelligent transport system on November 6, 2022Huawei and Tianjin Port have jointly collaborated on a driverless, zero-carbon “vehicle-cloud synergy” horizontal transportation solution and built an intelligent horizontal transport system at Tianjin Port. The project has achieved Level 4 autonomous driving, enabling 76 Intelligent Guided Vehicles (IGVs) in a fleet to collaborate efficiently. Huawei used cloud-based centralized dispatching to increase port-wide efficiency. […]
China’s transport investment up 6.3 pct in Jan-Sept on November 6, 2022China’s fixed-asset investment in the transport sector maintained steady growth in the first three quarters of 2022, official data showed. The total investment in transport reached 2.7 trillion yuan (about 372 billion U.S. dollars) in the first nine months of the year, rising 6.3 percent year on year, according to the Ministry of Transport. Specifically, […]
China to work with other BRICS members to jointly advance expansion process on October 30, 2022China, along with other combined economies of Brazil, Russia, India, China and South Africa (BRICS) members, will jointly advance the expansion process so that more partners will join the BRICS family, Chinese Foreign Ministry spokesperson Wang Wenbin said here Saturday. “As the BRICS Chair this year, China actively supports the process of BRICS expansion,” he […]